🔥 Hi friends! Blockchain data shows that Alameda Research (SBF/FTX fund) swapping their altcoins for Bitcoin using mixers.
Today, addresses related to Alameda exchanged AAVE and LDO tokens for ETH. Then sent ETH to ChangeNOW and USDT to Fixedfloat and Binance via new wallets during the last 10 hours. Most likely, this activity caused the crypto market and alts fall: SOL, APT, which are in the fund's portfolio.
đźš© Alameda's wallets came into activity a few days after SBF bailed out. If your altcoins fallđź”» today, that means Alameda also have it on their balance and continues to sell it. Full altcoins list you can find at my pages.
Now ETH is inside the consolidation channel, but I think that the price of the #1 altcoin can go lower due to fud. Also, you can open a short of the price break the channel down with target to the closest value area.
If the false breakout of the key level of $1155 finally happen it will be the great chance to open a long with the 3 targets that I point out lower.
đź“Š TRADING PLAN FOR ETHEREUM:
1. false breakout (close below and return above) of $1155 key level
2. volume growth confirms the trap of retailers
3. bullish BTC
âś… MY TARGETS FOR ETHEREUM:
🔥 $1183 - the bottom of the channel
🔥 $1210-1223 - the closest value area and mid of channel
🔥 $1265-1276 - the top value area. It's a possible target if ETH break the channel
Traders, what do you think about ETH? Does it have a chance to beat BTC by its capitalization? Write in the comments if you know why it should happen.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.