#StrategicTrading 🤔

#MarketSentimentToday 💭 getting in Correction Phase

Wait for #BullMarkets 📈 agin after two days of bearish 📉 run.

Previously (3 days ago) there was a sudden drop in Crypto down to Market Cap of $ 2.15 Trillions. That was huge bang for crypto enthusiasts. Uncertainty prevailed among community but thanks God, it lived short.

This drop was due to three mega factors which cause FUD (Fear, Uncertainty and Doubts)
1. FOMC meeting on rate hikes
2. Continuous Flow of BTC ETF
3. Less in flow in newly launched BTC and ETH ETFs at HongKong Exchange

As of Today $BTC had touched $64 k , now again the graph is going down, which is a symbol of correction after two to three days of recovery from recent lows. No need to Panic, now it’s just passing through Profit Realisation (by traders/ investors) Phase and that based on previous days. The price may go down by 2 to 3 % of BTC and 6 plus % for Altcoins and 10 plus % for Memecoins. Keep a watch #CryptoWatchMay2024 on market then snap the opportunity once Price Chart gets into accumulation phase .

You may analyse accumulation phase by watching the total % drop as mentioned above and correlate it with lower support level formation 📊 in price chart.

It’s not a Financial advice but just for education and info purposes.

Thanks dear fellows ❤️🙂

#ScamRickWarning
#BinanceSafetyTips
#BTC_MARKET_UPDATE

#Whale got trapped and lost $68.5 M.

Massive whale 0x1e2 lost all 1,155 WBTC ($68.5M) to scammer 0xd9a due to a phishing attack:
transaction: 0x3374abc5a9c766ba709651399b6e6162de97ca986abc23f423a9d893c8f5f570
victim's address: 0x1e227979f0b5bc691a70deaed2e0f39a6f538fd5
scammer's address: 0xd9a1c3788d81257612e2581a6ea0ada244853a91
_

1. How did it happen?

Whale 0x1e2 created a new address "0xd9A1b0B1...cB2853a91" and transferred 0.05 ETH to this new address.
The scammer generated an address with the same starting and ending letters and transferred 0 ETH to the whale to record the transfer in the whale's transaction history.
While transferring WBTC to the new address, the whale mistakenly copied the address generated by the scammer, now that the 2 addresses have the starting and ending letters, and then lost all 1,155 WBTC ($68.5M) to the scammer.
_

2. What did the scammer do next?

After successfully phishing a giant whale, the scammer distributed all 1,155 WBTC to various new wallets and started to sell the tokens for ETH.
The scammer finished selling all 1,155 WBTC for 22,956 ETH at respective average prices of $60,812 and $3,061 around 5 hours after the attack.
The scammer currently still holds all the ETH tokens across 10 wallets.

Safety Measures You Must Take :-

1. Don’t make larger transactions at once.
2. Break your large transactions in portions.
3. Once going for larger transactions thoroughly check recipient address.
4. First make smaller transactions into Recipient’s address and counter check it.
5. Make use of Cold Wallets.

#BinanceSafetyTips

#Arbitrator to be cautious once using #MicroStrategу , because the Convert option at Binance has secret to Cheat on You.

Do you know that how the Convert option at Binance has no fee but still they charge you…?

Hey dear Fellows ….! I have faced loss ….now feel myself obligated to save you people from same aloofness.

In convert option of Binance, there is no fee but they Still charge you indirectly double of the fee which is charged on Trade. Here is the proof …..👇

I was doing arbitrage on #PEPE❤️ to capitalise on marginal move by converting it. Despite clear entries at lows and exit at high I was going in loss. Once I compare the conversion price to chart price it was lacking in purchase and getting ahead in sell.

Binance does it by #PriceExploitation

The Pepe price at Trading chart was 0.00000757. Once I was going to convert USDT into Pepe the price quoted at Convert was 0.00000762 and then once I check back from Pepe to USDT it was 0.00000753. It makes a difference of 0.098 USDT per 100 USDT. It means that they charge you 1.19 $ per 100 $, that makes more than fee charge on trade.

Moreover if the Convert option would have been free of cost (as seen by No Fee) than there would be no difference in Price of Pepe you convert either way and any of currency.

For reconfirmation I have done it for BTC and the result was same .

Must note that I have done it at same time as underlined in yellow and Price discrepancies underlined in Pink colour.

Here are Screenshots 👇👇👇

#CryptoWhaleAlert 🐳

Do you Know Why It’s Important to know ….Crypto Whales…??

Because….They Move Markets….👇

In the world of cryptocurrencies, there exist entities known as “whales” who wield immense power and influence over the market.

These crypto whales are individuals or entities with significant holdings of digital assets, often in the form of #bitcoin Bitcoin (BTC), #Ether (ETH) or other major cryptocurrencies.

5 steps to become a crypto whale …💵 💵 💵 : -

1. Early adoption : Investing in cryptocurrencies during their early stages when prices are low or by being a core contributor to a project that has been successful.

2. Strategic investments : Making significant purchases during market dips or strategic moments and Backing projects through private funding.

3. Mining : Accumulating digital assets through cryptocurrency mining operations.

4. Trading profits : Consistently generating profits through active trading in the crypto market.

5. Tracking 🐋 activities : You may track whales activities at #SpotOnChain , Whale Alerts and On-Chain Analytics

While becoming a whale often involves considerable risk and investment, it can also result in substantial wealth and influence within the crypto space. Always resort to DYOR.

#OMNI Most People seems bearish on selling out this token. This bearish trend generates overall sentiment of investors and traders which is impacting its price.

It’s not only the project that’s getting bang, Generally here the overall crypto market is bearish and getting itself adjusted before #bitcoinhalving .

All those having coins tracking apps or any crypto exchange you will be continuously receiving messages about different coins with 10% decrease and some 8 % decrease in price. Just see the Downfall of #BTC from ATH $73097 to $61022 #ETH from ATH $4070 to $2966 in couple of days.

Always keep in mind that one thing is for sure that’s A Bullish 🐂 growth is always followed by a Bearish one 🐻 and these cycles keeps on going. Now we are in a Bearish cycle but one thing seems more obvious that’s the accumulation phase 📊 we are getting in. Here will soon push market into a bullish cycle again once BTC mining gets halved.

A suggestion for colleagues is that you may get hold of OMNI for some days or hardly weeks to let the market change its cycle into a 🐂 than realise some profits. If still you have invested a lot and feeling a fear of loss than you may sell 50% of your OMNI now and rest 50% once the market gets Bullish. The Bullish cycle will indeed balance your losses.

#DYOR as crypto is speculative, risky and volatile.

#OMNICOIN #newcoinlaunch Hello, Dear Fellows

Do you know …..????

Why Most traders Find it close to impossible to place Trade on a very first Second of Listing a New Coin????

Here is the answer I found ….however you may also add some reasons in comments section to educate me and other fellow.

1. High Demand and Volatility : When a new coin is listed, there's often a surge of interest from traders looking to capitalize on potential profits. This high demand can cause extreme volatility in the price of the coin within seconds of trading starting.

2. Exchange Overload : The influx of traders attempting to place orders as soon as the coin is listed can put significant strain on the exchange's servers. This can lead to delays or slow processing times.

3. Latency and Competition : Even if you submit your order quickly, there may be a queue of other traders attempting to place orders at the same time. Additionally, network latency and exchange matching engine delays can cause your order to be executed later than intended.

4. Order Types : Using market orders to buy at the opening price can be risky as you may end up buying at a much higher price due to the volatility. Using limit orders might give you more control over the price you pay, but there is no guarantee the order will be executed.

5. Insider Trading : Sometimes, individuals or groups with insider information about the coin listing may act quickly, getting their orders in before others, causing a rapid price increase right from the start.

6. Restrictions : Some exchanges might have rules that prevent placing orders before trading hours, which can make it challenging to position yourself for the lowest price.