Data's Inner Circle π (WILL NEVER DM YOU FIRST)
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https://x.com/TheCryptoData The Inner Circle is where I share my thought process on the overall market, including technical analysis, altcoins, and narrative rotations π Nothing shared is financial/investment advice and should not be taken as such.
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π’ LONG - ETH
π’ PRICE - 3313
π’ LEVERAGE - 3x-10x
TP1 - 3490
TP2 - 3650
TP3 - 3880
Stop Loss - 2980
Reason: Vitalik changed his pfp to a Milady and is asking people to save Ethereum. He has always been against memes so this is definitely out of character and it shows he's desperate. I feel this could be one of those moments where ETH gains some life again, especially after SOL just ripped and everyone gave up on it. Very risky trade but could pay off if Vitalik keeps pushing it like he is.
https://x.com/VitalikButerin/status/1880759639979266252
Trade here - https://blofin.com/futures/ETH-USDT
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Everyone's imagination is going wild right now. Trump launched a memecoin, that means:
- SBR (meeting with Saylor and top crypto execs)
- 0% cap gains on US based crypto companies
- Ross Ulbricht SHOULD get commuted day one (more memes)
- Many more etfs (SOL, XRP, LTC, etc.)
- SOL ETF will get approved sooner rather than later (23d and 25th deadlines)
- Gary Gensler is already out
- XRP will beat its SEC case
- FOMC meeting Jan 31st (expecting them to end QT (kickstart alt season)
- FTX refunds coming in March
- All of the top crypto execs working with Trump in their crypto department
There's so many catalysts it's hard to keep track. All of these are nearly a certainty now with what's occurred today. And the way people buy the hype, I feel like a wave is coming bigger than most can comprehend.
For those curious of what exactly happened today, I wrote a detailed analysis below π
https://x.com/TheCryptoData/status/1880533031796007305
π’ LONG - AVAX
π’ PRICE - 39.70
π’ LEVERAGE - 3x-10x
TP1 - 44
TP2 - 49
TP3 - 58
Stop Loss - 36
Reason: AVAX had a nice bounce at 33 and looks to be crossing above all 3 EMAs on the Daily. There was also recent news of Trump starting a US based crypto reserve and AVAX is a US based company and the Founder of Ava Labs is the Tech Advisor to the CFTC. I think it has the potential to run here.
Trade here - https://blofin.com/futures/AVAX-USDT
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π’ LONG - AVAX
π’ PRICE - 39.
π’ LEVERAGE - 3x-10x
TP1 - 203
TP2 - 219
Stop Loss - 178
Reason: SOL had a nice bounce off of support and is starting to show strength again with the RSI curving to the upside and about to cross the signal line on the daily. I think it may have another run soon.
Trade here - https://blofin.com/futures/SOL-USDT
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SOL hit our TP2! π΅
Hope some of you were able to make some profits. Letβs keep them going on the next call π€
I also appreciate anyone who signs up under my affiliate link, it means a lot π
π Sign up for a Blofin account (NON KYC) and earn a 15% deposit bonus to your futures account when you deposit USDT - https://partner.blofin.com/d/CryptoData
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SOL hit our TP1! π΅
Now move your stop loss to breakeven (entry), and enjoy riding the rest of the profits. Weβre back π₯
π Sign up for a Blofin account (NON KYC) and earn a 15% deposit bonus to your futures account when you deposit USDT - https://partner.blofin.com/d/CryptoData
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π’ RE-LONG - SOL
π’ PRICE - 189
π’ LEVERAGE - 3x-5x
TP1 - 197
TP2 - 204
Stop Loss - 175
Reason: SOL unfortunately hit our stoploss but I believe that was the last flush before we continue much higher so I re-longed. The RSI is also curving to the upside and we closed the daily above major support.
Trade here - https://blofin.com/futures/SOL-USDT
π Sign up for a Blofin account (NON KYC) and earn a 15% deposit bonus to your futures account when you deposit USDT - https://partner.blofin.com/d/CryptoData
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The market has been choppy yet again. A few updates for those who missed them:
- Hyperliquid announced an ANIME airdrop (Azuki token) for HYPE stakers. This has caused the price of Azuki NFTs to rise in speculation of the token's price
- Kaito Yap users will also receive an ANIME airdrop
- Andrew Tate announced his own AI hackathon with $1M+ in prizes
- We also have PPI numbers coming out Jan 14th and CPI coming out the 15th. Expect volatility around both of these days
We also have a full moon today. Historically BTC's price has risen 12/16 times so it is something to keep in mind - https://x.com/TheCryptoData/status/1878673006513582485
Also, thank you for everyone who asked about how I felt last night. I was definitely tired which was reflected in the VC but feel much better today. I just needed some rest. Looking forward to capitalizing on this week's PA and making money with you all π€
π’ LONG - SOL
π’ PRICE - 191
π’ LEVERAGE - 3x-10x
TP1 - 203
TP2 - 219
Stop Loss - 178
Reason: SOL had a nice bounce off of support and is starting to show strength again with the RSI curving to the upside and about to cross the signal line on the daily. I think it may have another run soon.
Trade here - https://blofin.com/futures/SOL-USDT
π Sign up for a Blofin account (NON KYC) and earn a 15% deposit bonus to your futures account when you deposit USDT - https://partner.blofin.com/d/CryptoData
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The US gov't wallet holding the Silk Road Bitcoin for those who want to track it (they still haven't sold but there's rumors Coinbase already struck a deal):
https://www.blockchain.com/es/explorer/addresses/btc/bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6
The market dropped today due to a few reasons:
- US jobs data came in positive, causing a bond yield spike.
- The ISM index came in higher than expected
- The JOLTS job openings increased
- China "HMPV" outbreak causing panic internationally as some are comparing it to Covid
Positive jobs data is bearish short-term because it lowers the Fed's chance of cutting rates in the future. We have the next FOMC meeting Jan 31st which will tell us a lot. During times like these, you want to be patient and not rush to overtrade. Wait for opportunities to come to you and bet accordingly.
π’ LONG - ETH
π’ PRICE - 3350
π’ LEVERAGE - 3x-10x
TP1 - 3600
TP2 - 3890
Stop Loss - 3050
Reason: We had a large drop today which led most people to panic. ETH is nearing its support of 3270 (which coincides with the 100 EMA on the daily) so I figured this is a good place to DCA at the very least. I placed our stop loss just below the 200 EMA as I'm hoping that will act as strong support.
Trade here - https://blofin.com/futures/ETH-USDT
π Sign up for a Blofin account (NON KYC) and earn a 15% deposit bonus to your futures account when you deposit USDT - https://partner.blofin.com/d/CryptoData
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OP also hit out TP1! π°
Now move your stop loss to entry (breakeven) so youβre riding the rest of the profits π₯
π Sign up for a Blofin account (NON KYC) and earn a 15% deposit bonus to your futures account when you deposit USDT - https://partner.blofin.com/d/CryptoData
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+1
SOL hit our TP2 and AAVE hit our TP1! π°
Make sure you move your stop-loss to breakeven (entry) and enjoy riding the rest of the profits this New Year π₯
More plays to come π
π Sign up for a Blofin account (NON KYC) and earn a 15% deposit bonus to your futures account when you deposit USDT - https://partner.blofin.com/d/CryptoData
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π’ LONG - AAVE
π’ PRICE - 333
π’ LEVERAGE - 3x-10x
TP1 - 355
TP2 - 386
Stop Loss - 304
Reason: Most L1/institutional alts have had nice 20-30% pullback and are due for a rebound. AAVE has shown impressive strength crossing back above the 21 EMA on the daily, along with getting close to crossing above the signal line on the RSI and already crossing over on the StochRSI. It's also a holding of Trump's company, World LibertyFi.
Trade here - https://blofin.com/futures/AAVE-USDT
π Sign up for a Blofin account (NON KYC) and earn a 15% deposit bonus to your futures account when you deposit USDT - https://partner.blofin.com/d/CryptoData
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