James Adrian | TRADING 🐋

Morning. The shorts position is still available .

I think I'll go short again.

🐋

🗣Close 30% of the trade and stop to entry point🔥.

I don't think we can expect any meaningful moves for the weekend.

New trade. XCH - SHORT

Entry zone - 15.64 - 16.39

Targets for fixation: 15.49, 15.33
Take profit: 14.99

Stop: At your discretions. I’m without sl yet .

Only 1% of the deposit! It is very important!

🐋

While the market does not inspire confidence in me, I will share spot positions with you.

Don't forget to share your reactions with me🐋

New SPOT trade. ATOM - LONG

Entry zone - 4.32 - 3.5919

Targets for fixation: 4.9 - 5.5 - 5.95
Take profit: 14-30

Long-term investment of six months or more.

🔀BingX:
https://bingx.com/invite/ZLBHE3VS

Promo code: ZLBHE3VS

🪙Crypto Market Overview

😀BTC and ETH saw a weak rebound, with the decline continuing. This downturn was triggered by the Iranian attack on Israel. The world now awaits a counter-attack, which could negatively impact oil futures, as Iran is one of the largest oil producers. In altcoins, the market saw mixed movement, though most are in the red.

October, often referred to as “Uptober,” has historically been a strong growth month for Bitcoin. On average, Bitcoin has risen 23% in 8 of the last 9 Octobers. However, this October has started differently, with social media filled with jokes about Uptober’s lack of momentum.

Wormhole (W) – the cross-chain bridge protocol in the Solana ecosystem – which has faced multiple security breaches and whose token has been in a downtrend since its listing, showed the largest growth among major coins today. The reason? South Korea’s largest exchange, Upbit, is listing Wormhole. This has become a trend, as we saw similar behavior with BIGTIME, which surged by dozens of percent before and after its Upbit listing. South Korean traders seem to enjoy pumping mid-cap projects without strong fundamental reasons.

EIGEN followed a familiar pattern for projects valued at over $1.5 billion at launch this year. After a failed growth attempt, it’s now rapidly falling. However, with its limited circulating supply, despite the large FDV, we could see a recovery in 4-6 weeks.

BTC has support around the $61,000 level, with significant liquidity there. However, I now see any price surge as a good shorting opportunity.

In ETFs, we saw the largest outflow this fall (excluding September 3rd):

• BTC 🔻 (-$242.6 million)
• ETH 🔻 (-$48.6 million)

😀TradFi
Today’s main focus is on speeches from Fed members the evening, though their comments aren’t expected to have much market impact. The key report this week will be Friday’s Nonfarm Payroll (U.S. labor market data), which could change the outlook, regardless of today’s Fed rhetoric.

Geopolitically, the world is watching how and when Israel will respond to Iran’s attack.

The ongoing strikes in U.S. ports are significant, but oil prices will ultimately have a greater impact on inflation. Saudi Arabia’s recent statements on lowering oil prices soon have calmed investor nerves for now.

😀News
In Q3 2024, the number of crypto project hacks decreased, but the value of stolen assets surged. A total of $753 million was lost across 155 incidents.

😀Base Scenario
For today and tomorrow, I don’t expect the same strong moves in BTC and ETH that we saw yesterday. We’ll likely see some consolidation, attempts to bounce, and perhaps small new lows. Barring any surprises from Israel, significant volatility is likely to return on Friday.

However, keep in mind that Friday is a holiday in Israel, so there may be less movement from that region.

😀What to Long Today
SUI continues to rise. This madness should end with a significant drop.

I am currently searching for good long or short signals. As the market remains unstable, it is essential to identify the correct direction.

Good morning everyone! I will continue to watch the market closely today, waiting for your reactions.

As for signals, I'm still watching the market.
It is hard to find something worthwhile now, it is risky to open short positions at the local bottom.
It is also risky to open long positions while waiting for new news.

And so we continue to work. I will soon write a big post about yesterday's events and market dump

Good morning! Last two places.

😀2 places left.

😀3 places left.

😀Okay, then I'll recruit a premium channel for those who want it.

😀Only 5 places. Discount 90%!

@AdrianTrading

I take it you don't want to trade today?

🪙Crypto Market Overview

😀Market decline - analyzing what happened. Looking at the liquidity map, combined with the rise in open interest in futures, it all seems like manipulation. There were also minor fundamental reasons behind this (see the TradFi section).

BTC fell below the channel boundary on the daily timeframe, and most altcoins entered a correction.

One concerning factor in this rise was the very low spot trading volumes, both on Binance and Coinbase. Most of the heat seems to be concentrated in futures. This is not a good sign.

TON is still holding up relatively well.

Regarding HMSTR, I was wrong yesterday, not realizing that the Binance listing had already taken place. It could drop to $0.002, and from there, we’ll see how things play out.

😀TradFi
Today, Powell, the head of the Fed, entered the scene. At first, he didn’t say anything new, but during the Q&A session, he began to undermine hopes for a 0.5% rate cut at the next meeting. This led to the market taking a final plunge. However, after his speech, a rebound began.

😀News
Ethena has put forward a proposal to launch a spot exchange based on USDe. This sounds promising.

Bithumb, the second-largest cryptocurrency exchange in South Korea, announced that it is considering a listing on Nasdaq. This is a long-term positive development.

On the perp exchange Hyperliquid, one user holds a BTC long position worth $200 million, which is larger than all perp DEX longs combined.

😀Base Scenario
We will likely see some growth, but from the current levels, there might be a rehearsal, with the main growth wave starting from around $62,500 - $62,700.

In many altcoins, I expect the upward movement to start fading soon.

😀What to Long Today
MOODENG saw a significant drop today, but ByBit is already hinting at an upcoming token listing.

PHB (the native token of the Phoenix exchange) is showing movement similar to what OKX’s native token experienced last year — a long and relentless rise. The new token EIGEN also looks strong.