Patience is required in a Flat market - Crypto Consulting Institute
bitcoin
Bitcoin (BTC) 4,780,124.03
ethereum
Ethereum (ETH) 221,626.08
tether
Tether (USDT) 71.50
bnb
BNB (BNB) 41,527.41
solana
Solana (SOL) 12,339.61
usd-coin
USDC (USDC) 71.49
staked-ether
Lido Staked Ether (STETH) 221,392.28
xrp
XRP (XRP) 37.43
dogecoin
Dogecoin (DOGE) 11.08
the-open-network
Toncoin (TON) 458.29

Patience is required in a Flat market

Hi everyone, a quick market update. First things first, though, if you’re not in our Bitcoin and cryptocurrency investing group, make sure you are. We have a free chat there as well. But today we have a really special event. Joe and myself are doing a live webinar where you can ask questions towards the end.

We’ll get to them. We’ll be covering our full picture of the market, a little bit of forecasting. What we’re seeing that’s really big in 2024. It’s going to be really, really exciting if you are interested in joining today. Make sure to get on here real quick and go support at cryptoconsultinginstitute.com and send us that email and then we can send you a Zoom invite to join the session. Cannot wait. All right, let’s crack into just a quick look at the markets. Can’t even speak today, guys. We’re just seeing a market that is boring and flat. Black February, I’m looking at, at that right now.

And I think we’re just going to see this a little bit more until this play really moves through the motions. A real, if this, then that strategy, I close about 44, 000. I’m getting really excited and aggressive on the bull side of things. But right now we seem to be compressing into this inverse head and shoulders pattern.

That’s still very speculative, but what I’m really looking for is just this neckline. If we close beneath this yellow line here, and I think we’re going down, then we could probably see these lows on the, on the table, 38, 000. Down to our region we’re really excited for, which is that 38, 000, 35, 000 region. 

RSI, I want to see a break for the bulls to the upside, retest and then a blast off, not seeing that yet, but the downtrend is starting to wane a little bit there. Stock RSI looks like it wants to go to the bottom as well. As long as Bitcoin is doing this, crabbing and going lower, altcoins are going to continue to bleed out.

Ethereum  doesn’t look too great either, it’s almost in the opposite sort of mode where it’s in a head and shoulders pattern and it kind of wants to have one last puke, I think towards that two.  Now Ethereum is interesting because it is shaping up towards its ETF. Something to keep in mind, you can watch the Ethereum premium discount to NAV through the block.

You can’t get an indicator on TradingView that I’ve found yet like Bitcoin, but we find that the discount to NAB will close. So the discount will close towards zero the closer we get to an ETF approval. Because once that approval goes through there are no premiums and discounts anymore. It is convertible one to one.

So we’re looking here at an 11, 11. 6 percent discount to NAV currently. So we’re still a little bit of a ways off towards zero, but if this starts to shake up into the single digits, then we know we’re going to get closer to that ETF approval, which is likely in May. So hopefully we do get some action with Ethereum soon.

It is boring. Sentiment is in the dumps. That is when I get really, really excited and interested in crypto and everyone’s talking about Solana being the new thing and just powering higher. Versus Ethereum that just is sitting there, second largest crypto by market cap, ETF coming, FBTC trying to reverse.

So I think it’s a really interesting play to look at. Guys, have a wonderful day. Bye.

bitcoin
Bitcoin (BTC) $ 66,875.92
ethereum
Ethereum (ETH) $ 3,100.64
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 580.99
solana
Solana (SOL) $ 172.64
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,097.37
xrp
XRP (XRP) $ 0.523687
dogecoin
Dogecoin (DOGE) $ 0.155026
the-open-network
Toncoin (TON) $ 6.41

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I am Joe, CEO and Founder of Crypto Consulting Institute, Australia's top-rated crypto education company. With my passion for finance and years of stock market experience, I have helped thousands of investors transition to sophisticated investors using my proven 5 Pillar Investment System. Our team has created over $55 million in profits to date, and we continue to grow.

My alternative thinking and education in cryptocurrencies since 2014 allowed me to quit my day job and follow my passion of investing and helping others achieve financial freedom. With my success, I have been featured on NASDAQ, Channel Ten, Channel Nine, and Dollars With Sense TV, as well as speaking at global events such as Barclays Bank in London and the Bitcoin and Blockchain Fair.

Recently, I was headhunted by Tradesmith, a US-based investment technology company tracking over $30 billion in clients' invested capital. I now help traditional investors safely invest in the digital asset economy. My success and expertise in the industry speak for themselves, and I am dedicated to continuing to help others achieve their financial goals.

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I am Joe, CEO and Founder of Crypto Consulting Institute, Australia's top-rated crypto education company. With my passion for finance and years of stock market experience, I have helped thousands of investors transition to sophisticated investors using my proven 5 Pillar Investment System. Our team has created over $55 million in profits to date, and we continue to grow.

My alternative thinking and education in cryptocurrencies since 2014 allowed me to quit my day job and follow my passion of investing and helping others achieve financial freedom. With my success, I have been featured on NASDAQ, Channel Ten, Channel Nine, and Dollars With Sense TV, as well as speaking at global events such as Barclays Bank in London and the Bitcoin and Blockchain Fair.

Recently, I was headhunted by Tradesmith, a US-based investment technology company tracking over $30 billion in clients' invested capital. I now help traditional investors safely invest in the digital asset economy. My success and expertise in the industry speak for themselves, and I am dedicated to continuing to help others achieve their financial goals.

Hear What Our Clients Are Saying

Zero knowledge of cryptocurrencies? This man became a millionaire. Anything is possible with the right education in place!

Mark went from having zero knowledge of cryptocurrencies to turning $150k into $3Million in 4 months, whilst recovering from an illness!

The bank wouldn't give him a home loan even though he was working 2 jobs! Until CCI entered, and give the right strategy.

Adrian hits his first $1M in crypto within 3 months of working with us!

Well 10 days after we shot this, he hit his second million. And now just 16 months later, he has surpassed $15 MILLION USD!

For most people, this level of returns are unfathomable.

We simply gave him the tools and crypto strategies and Adrian ran with it!

I am not suggesting that all of our clients are performing on this level.

CCI simply demonstrating that we are incredible at helping people achieve their full potential.

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I am Joe, CEO and Founder of Crypto Consulting Institute, Australia's top-rated crypto education company. With my passion for finance and years of stock market experience, I have helped thousands of investors transition to sophisticated investors using my proven 5 Pillar Investment System. Our team has created over $55 million in profits to date, and we continue to grow.

My alternative thinking and education in cryptocurrencies since 2014 allowed me to quit my day job and follow my passion of investing and helping others achieve financial freedom. With my success, I have been featured on NASDAQ, Channel Ten, Channel Nine, and Dollars With Sense TV, as well as speaking at global events such as Barclays Bank in London and the Bitcoin and Blockchain Fair.

Recently, I was headhunted by Tradesmith, a US-based investment technology company tracking over $30 billion in clients' invested capital. I now help traditional investors safely invest in the digital asset economy. My success and expertise in the industry speak for themselves, and I am dedicated to continuing to help others achieve their financial goals.

Hear What Our Clients Are Saying

Zero knowledge of cryptocurrencies? This man became a millionaire. Anything is possible with the right education in place!

Mark went from having zero knowledge of cryptocurrencies to turning $150k into $3Million in 4 months, whilst recovering from an illness!

The bank wouldn't give him a home loan even though he was working 2 jobs! Until CCI entered, and give the right strategy.

Adrian hits his first $1M in crypto within 3 months of working with us!

Well 10 days after we shot this, he hit his second million. And now just 16 months later, he has surpassed $15 MILLION USD!

For most people, this level of returns are unfathomable.

We simply gave him the tools and crypto strategies and Adrian ran with it!

I am not suggesting that all of our clients are performing on this level.

CCI simply demonstrating that we are incredible at helping people achieve their full potential.

Age doesn't MATTER! - A 72 Year Old Crushes It In Crypto

Some people think crypto is too ‘difficult’…

Well Peter completely dismissed that though and transitioned a large holding of his stock portfolio to gain exposure to this revolutionary asset class.

In this video Peter outlines how his portfolio exploded!