Golden Opportunity for Longing.
Updated
Based on the historical market, the bitcoin halving event would followed with a significant price growth of the crypto assets, which matches the current market status. Thus, a bull market are expected in the next one and a half year.
As for the sentiment analysis, the current funding rate in bitcoin perpetual market are maintaining a slight negativity in the past 2 weeks, that indicate a stronger short bias in the general market. And the open interests drops up to 20~30% from its all time high, in which alt coin market drops even further, for instance open interest of dogecoin dramatically drops 60% up to todays date. Therefore, its treated as a cooling off of the bull hype in first quarter of 2024, which viable long opportunities are provided.
Above statement convey that a definite bull market are expected from now to the coming 2025, and current the market sentiment are expecting a strong short bias, which given a much higher liquidity for accumulation. Therefore technical analysis can be deploy to identify longs opportunity.
Technical specking, by using the vegas tunnel system in combined with a retracement type of price entries, the current mark prices of ETH is matching the condition for a high risk reward ratio and a high winning possibility trade. And a much wider growth space in compare to the bitcoin market.
Personal fund deployment will be 50% of my total fund in with a 2x leverage utilities. This is not a financial advice, trader should align with owns trading plan which present owns reponsibility.
As for the sentiment analysis, the current funding rate in bitcoin perpetual market are maintaining a slight negativity in the past 2 weeks, that indicate a stronger short bias in the general market. And the open interests drops up to 20~30% from its all time high, in which alt coin market drops even further, for instance open interest of dogecoin dramatically drops 60% up to todays date. Therefore, its treated as a cooling off of the bull hype in first quarter of 2024, which viable long opportunities are provided.
Above statement convey that a definite bull market are expected from now to the coming 2025, and current the market sentiment are expecting a strong short bias, which given a much higher liquidity for accumulation. Therefore technical analysis can be deploy to identify longs opportunity.
Technical specking, by using the vegas tunnel system in combined with a retracement type of price entries, the current mark prices of ETH is matching the condition for a high risk reward ratio and a high winning possibility trade. And a much wider growth space in compare to the bitcoin market.
Personal fund deployment will be 50% of my total fund in with a 2x leverage utilities. This is not a financial advice, trader should align with owns trading plan which present owns reponsibility.
Trade active
The opinion still stand, instead the trading position are transit onto the inverse perpetual for better accumulation of Eth itself. And planned to hold all the earned eth until 2025.Note
As planned, price leave the entry cost level, will keep on speculate.Note
50% of the position are close.Note
The stop loss of remaining postiion will be lays on mark price $3460, which makes this a profit lock-in trade.Trade closed manually
Position Close
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