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Ethereum ETF Update
1. We had some speculation but nothing extreme till yesterday. $560 million in open interest has been added today with ETHBTC strength.
2. Funding rate is highly positive on $ETH and it's the strongest major in the market today.
3. Expecting some high volatlity on US Open. But no real move until ETF flow numbers are released and speculation on flows begins.
PS: Market quite heavily perp long going into ETF launch day.
Same old Story will Repeat.
1. Ethereum ETH being sell the news event.
2. People holding will sell. Minor Dump.
3. Retail will Panic. Assume it's the end. Short the Bottom.
4. Larger players will use this liquidity to accumulate, liquidate the Shorts.
Then we Pump.
Crypto is a Cheat Code that no generation in the History of Civilisation Had.
A laptop or an old phone. Make friends. Work from Anyway. Travel whenever you want. Get rid of taxes. Just watch Charts. Press Green. Make Mum Happy.
I get 100s of DMs asking: "How do I start making money via trading?"
I’m answering it here.
I will be honest, making money via trading is not complicated. People often make it complicated to shorten the learning route. It's not easy; it's hard. It's not complicated; it's simple.
It's like bodybuilding. The process is simple: show up to the gym five times a week, count your calories, take your macros, and sleep enough. The process itself is simple, not complicated. However, doing all of this—overcoming your laziness and not giving in to easy gratifications—is not easy; it's hard.
Trading Steps:
1. Find Assets: Identify 50 assets to track.
2. Mark Levels: Mark important price levels on these assets.
3. Stay Informed: Read the news related to these 50 assets.
4. Plan Your Trades: Write down at what level you’ll buy and the kind of price action you’ll buy it.
5. Use a Simple Setup: Choose a straightforward setup, such as buying when PVT, OBV resistance is broken with a downtrend break.
6. Repeat: Do this 1000 times. Learn from your mistakes, find your edge, and refine your process.
And then, you’ll have a high-quality method and a body of experience with thousands of hours of chart time. Combine this with risk management to avoid blowouts when you get trapped. It’s all simple, but not easy.
If you stop repeating the mistakes, someday, you'll stop making any mistake. Armed with an edge, sharp enough to retire you.
Hardly anyone puts in the time to select 20-30 assets, mark the levels, study the volume, and then show up every day and do it for 100 days.
Consistency and dedication are is rare. Keep pushing, and eventually, you will succeed.