🚀 Bitcoin Goes for the Moon!

Let's Dive Into It!

Happy Monday dear subscribers! In today’s Newsletter, Bitcoin is ready to leave for the moon!

In today's bulletin, we are covering:

Well well well... hitting new ATH opening the door for new highs.... what if?

DAG about to trigger the full bullish reversal breakout

London Stock Exchange to Offer Bitcoin and Ether ETNs for Professional Investors

The London Stock Exchange (LSE) announces plans to accept applications for bitcoin and ether crypto exchange-traded notes (ETNs) in Q2 this year, following a previously published factsheet.

These crypto ETNs will be limited to professional investors and aim to provide exposure to crypto assets during London trading hours.

  • London Stock Exchange (LSE) to accept applications for bitcoin and ether crypto ETNs in Q2.

  • Crypto ETNs to be available for professional investors only.

  • UK Financial Conduct Authority (FCA) won't oppose cryptocurrency-backed ETNs on Recognized Investment Exchanges (RIEs).

  • Crypto ETNs are debt securities providing exposure to underlying crypto assets.

  • Aim to provide exposure to crypto assets during London trading hours.

  • The move follows the popularity of U.S. spot bitcoin ETFs, with cumulative trading volume surpassing $100 billion.

The move aligns with the UK Financial Conduct Authority's (FCA) stance not to oppose proposals for cryptocurrency-backed ETNs by Recognized Investment Exchanges (RIEs).

South Korea Plans Crypto Asset Management System to Prevent Tax Evasion by 2025

South Korea is planning to implement a crypto-focused asset management system by 2025 to combat tax evasion, with GTIC selected as the lead firm for its development.

  • South Korea's National Tax Service has chosen GTIC to lead the development of a crypto asset management system.

  • The system aims to analyze and manage information from crypto trading platforms to prevent tax evasion.

  • Scheduled to launch by 2025, it aligns with the country's crypto gains tax implementation plan.

  • South Korea's financial regulator has reiterated its ban on financial institutions launching cryptocurrency ETFs.

  • Restrictions on local investors investing in spot crypto ETFs are in place, while foreign crypto futures products remain accessible.

This system aims to enhance the analysis and management of crypto transaction information collected from trading platforms.

Kujira

This week we have another animal under the spotlight, KUJIRA () mean “whale” in Japanese.

Kujira is a layer 1 (L1) blockchain built on top of Cosmos that offers various DeFi applications. All DeFi apps on their ecosystem have gone through a voting process by the Kujira governance to maintain their quality.

Kujira wants to be a platform with an ecosystem of dApps that can fulfill all the needs of its users.

To provide functionality the Kujira blockchain focuses in four main features:

  • Native Token Generation.

  • On-Chain Scheduler.

  • Semi-permissioned blockchain.

  • Independent oracles.


This one doesn’t bring cutting-edge innovations like other projects; instead it focuses on small changes that have a big impact. "The same but better". It's really easy to create and use applications on Kujira.

Kujira has an ecosystem of DeFi applications such as ORCA, FIN, BOW, BLUE, GHOST, POD, SONAR wallet and USK stablecoin. Each one of them with different functions thoroughly integrated into the Kujira ecosystem.


Their native token $KUJI is a non-inflationary token 100% released and in circulation that is currently ranking  #217 with a $573M market cap.

Holders can stake, participate in governance and collect protocol revenue. Kujira rotates almost all revenue from the apps into $KUJI stakers in the form of airdrops.

More than 50% of the supply is locked in the staking system (including investor tokens).


Before giving you the official links that will allow you to dive on your own with this friendly whale, I want you to know that Kujira doesn’t rely on token emission to incentivize rewards to its users.

In my opinion this is a policy that demonstrates Kujira's confidence in its products as its revenue relies directly on them.

I know you are already eager to go and look what FIN, ORCA, BOW, GHOST, etc really are so here are the official links that will ease your curiosity:

This will be all from my part, let’s see if this week we can celebrate a new crypto ATH!

Emotions and decisions in trading

Today's article is about opinion and personal experience, on how to manage the different emotions and decisions before, during, and after a trade, so I invite you to delve into this exciting topic with an open mind.

We have read countless times that we should not let our emotions control us when trading, but we know that this is very difficult to implement, and the best thing we can do is learn to live with them and use them to our advantage.

- Before we even start a trade, we may feel FOMO, especially if everything is going up and we are left out. Here it is crucial not to succumb to the temptation of chasing the price, buying, and hoping to sell to a greater fool higher up. 

Accepting that the trade has passed, acknowledging that we missed it, and focusing on a new opportunity is essential to avoid a bad entry that could leave us trapped for a long time.

- When we start a trade, the analysis must be done beforehand, calmly and without the idea of trading it at that moment. This is imperative to avoid biases when doing TA and to be objectively professional.

When we decide to enter the trade, we must have clear stop-loss (SL) and targets, as well as risk reduction strategies (moving the SL) and exit strategies (taking profits at the targets).

And here comes the key for every trader: DO NOT make decisions while the trade is in progress!

Decisions were made calmly while not in a position, analyzing everything objectively, and when we are in the trade, that objectivity disappears, and we start to experience subjectivity that is often harmful and can lead to overtrading or operational paralysis.

Everything that happens between the targets and the SL should not concern us; in other words, we must let the price be, let it develop its movements, and leave room for volatility.

If we are professionals in our way of analyzing and proposing a trade, the entry point, SL, and targets have a reason to be at those values; it is not random and therefore must be respected.

The most important work of a trader is before taking a trade because then it becomes a risk manager where moving the SL and exiting at targets should only be the execution of a plan previously studied and established.

- The post-trade period should also be considered because it does not add anything to keep seeing how much we would have gained or lost if we had stayed in. 

It does not allow us to focus on the next trade, and what is very dangerous can lead us to seek revenge in another trade but thinking about the previous one, and that's where we enter a dynamic that will lead us to ruin.

With all this in mind, we must be able to resist the temptation to feel too happy when we win or too sad when we lose. Achieving the equanimity that a trade does not generate emotions is the certificate that we have become true traders.

Always remember that markets are a psychological game, and anyone who does not consider this aspect is driving a car with blindfolds on... and it's not a Tesla!

Prepare for the Halving!

Position Wisely!

Solana Number One

Don’t sleep on this market, lots of opportunities to come, see you next week!