Alejansand

Dogecoin and Ripple's ETF still have to wait, it is not easy for altcoins to break out

Recently, the U.S. Securities and Exchange Commission (SEC) announced that it has postponed the decision on two cryptocurrency ETF applications that were originally scheduled for a decision soon until June of this year. One of these ETFs is primarily based on Dogecoin (DOGE), and the other is primarily based on Ripple (XRP), applied for by Bitwise and Franklin Templeton respectively. In other words, these two popular 'altcoin' ETFs still have to wait and cannot be listed for the time being. $XRP $DOGE #SEC推迟多个现货ETF审批

In fact, it is not just these two companies. Another company, 21Shares, has also submitted an application for a Dogecoin ETF, preparing to list on NASDAQ. These companies are all very proactive, wanting to secure a place in the crypto market boom. Currently, Dogecoin's market value is about $26 billion, while Ripple is even higher, reaching over $130 billion, both being among the 'front row' projects in the crypto space.

However, although there are many applications, it is not easy for these altcoin ETFs to actually materialize. The SEC has already received over 70 related applications this year, but most investors are still focusing their attention on Bitcoin. After all, Bitcoin is like 'digital gold,' with a clear positioning and high recognition; whereas altcoins each have their own characteristics, some even have a bit of entertainment value, making them less appealing to traditional institutions.
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The SEC's delay this time is not necessarily a bad thing. Rather than rushing to launch, it is better to give the market more time to understand these coins and allow for clearer regulation. When the timing is right, perhaps altcoin ETFs can truly 'break out.'

$BTC The market makers in the Asian market don't seem to know what they're thinking, how can they keep buying at this price? During the live stream last night, I made two charts from different perspectives of the weekly price. Just for the family to reference. Those who didn't watch the live stream last night can also check the replay, which includes a chart-making tutorial.

Let's start analyzing from the perspective of the first chart: If this 95600 is the high point of this rebound, I think it's quite good. If it pulls back and then adjusts for a while before forming a weekly W-shaped pattern, there will be a chance to push towards 150000.

Analyzing from the perspective of the second chart: If this round just directly V-bounces to 110000, then 110000 will be the endpoint of this bull market. Because the pattern is not good, if it doesn't form a weekly W-bottom pattern, it will form a weekly M-top pattern. So if it goes straight up to 110000 and then declines, the 60000 can’t be held.

Let's also take a look at the weekly chart of Ethereum: Personally, I don't think Ethereum will rebound immediately. Think about it, below 2000 the Ethereum Foundation is selling, and Trump's team is also cutting losses. Is it possible to rise in the short term? Moreover, there hasn't been enough time for accumulation after the drop; the main forces won't be so kind to come down and let us on board and then immediately rebound to let us make money. So I think it will continue to oscillate and decline...

Why do I say not to play Ethereum? Because Ethereum is currently the fastest and most powerful coin for cutting retail investors. Why do I say this? Because many new retail investors have a misconception that Bitcoin is too expensive to afford, while Ethereum is now over 10,000 RMB and has huge potential. So, retail investors are all playing Ethereum; the more people playing it, the larger the capital flow, and the easier it is to cut retail investors. No matter how high the coin price is, what you invest is your principal's profit. Coins can be split for purchase, so don't have this misconception that you can't afford it. If you can't understand Bitcoin and can't make money from it, then you'll lose money even faster on other coins.

Contract Strategy:

XRP shorted around 2.3 the day before yesterday, currently using 2.3 as the break-even stop-loss position.

BTC in incremental mode, shorting in the range of 95000-95300 with 10x leverage and 20% position size. Stop-loss position: 97850, Take-profit position: 91346, closing half at 欢迎加入币安王牌BlackGodBit的顶级策略聊天室。.

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👿 April 28th midday market outlook. 👿
$BTC 's perspective:
The market always happens in a dream, this rhythm is not letting people sleep! Or it makes one’s days and nights upside down—sleeping during the day and watching the market at night; if this happens often, it is indeed quite torturous.

The major coin has broken through 93545 with volume, closing above the hourly level of 93545, so chase more on the right side, and stop loss if it breaks.
92825 broke down with volume, and the pullback could not reclaim, so chase shorts on the right side, reclaiming stop loss and paying attention to changes in volume; keep a good stop loss.
92568 showed a false breakdown, reclaiming with a light position to add one lot; set a stop loss at the low of the false breakdown or if it breaks 91880, don’t add if it can’t reclaim.
👿
The major coin also retraced, just hitting the Fibonacci 78.6 level at around 92511. Hope this level can hold, and a decent rebound appears.
The major coin needs to break 93618 at the hourly level to continue looking up at 94417-94944; if it cannot break, the major coin cannot rise.
Above the major coin, pay attention to 95160 for a 2b false breakthrough; take a light short position, and stop loss if it breaks and stands above the previous hourly high.
👿
Conservative players wait: buy at 91627, stop loss if it breaks 91000.
Upper pressure: 94017-94560-95284
Lower support: 93003-92568-91627
At the 4-hour level, if 92930 breaks down and cannot quickly reclaim, look down at 91645-90637, and the pullback will come soon after.

👿👿👿👿👿👿👿👿👿👿

$ETH 's idea:
The secondary coin broke through 1772 with volume; chase more on the right side and reclaim stop loss.
1760 broke down with volume; chase shorts on the right side, keep a good stop loss.

Pullback to 1746 to confirm support is effective; add one hand; stop loss if it breaks 1711.
The secondary coin needs to break 1783 and stand firm at the hourly level to look up at 1808-1840; the secondary coin is definitely a good hand at inserting pins.
Pay attention to 1838 above for a short position; stop loss if it breaks 1857.
Left side orders: buy at 1710; stop loss if it breaks 1681.
👿
Upper pressure: 1783-1803-1837
Lower support: 1756-1737-1712
At the 4-hour level, if 1755 breaks down, look down at 1720-1663.
It can pull back but must not disrupt the trend; once the trend is broken, it will take a long time to repair and recover. Meeting adjourned.
$BTC
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#比特币市值排名 $BTC The cold winter has passed, and there will surely be warm sunshine. No matter how many dark clouds there are, they cannot hide the smiling sun.

What is the feeling of the E Guardian in this round of bull market? E has nothing, E key resets, E must stay steady! $BTC $ETH #币安Alpha上新 #比特币市值排名