And then you wonder why most people don't make money in the markets. We are at the end of a 2 year crypto bear. Every coin is down 80 to 99% from its highs and people are trying to save 30% trading their positions. When the new bull starts, all these traders are going be left behind. Best case they will see a 50 - 100% pump of their portfolios and they are going...
This is the most difficult part of the cycle, because neither the bulls or bears make money. It just goes sideways for months which could have very negative effects on the psychology. This increases the chances of you making dumb decisions. Best to do. Most coins are close to their cycle lows. If you do anything, add more.
BTC and ETH are now close to their parabolic support lines. In order for us to continue the momentum in to the summer we need to have some green candles the next 2 weeks. If we break the support we are going to be going sideways/ down until the end of the year. Its probably best to hodle trough that because if you try to trade it you are exiting for saving...
Crypto volatility is wild. That is why I am an investor in it. An alt-coin can be ranging from 1 to 5 dollars at the bottom of the cycle and you might be thinking why not trade it? Why not sell at 4 and buy it back at 1. First of all its one thing to have a plan and totally another to follow the plan. Second of all if you know the coins you are in have development...
Crypto is a place where if you have a few green weeks you feel like a genius and if you have a few red weeks you feel like an idiot. That is why it is so important to know what you are doing. Are you in it for trading or investing. Are you using leverage or you own it spot. Which part of the cycle you are in. These are fundamental questions that you need to answer...
People on wall street have always been fascinated with predicting crashes, recessions and shorting markets. But the charts reflect a totally different reality. Markets in the current era are designed to go up in to the right forever with moderate inflation. People are always talking about 1929 or similar bear markets, but if you think about it the system today is...
If you listen to the you tubers you will notice a pattern. On the green candles they are bullish and on the red candles they are bearish. Non of those people have ever showed you a broker statement of all their aggregated trades. That is because they are not profitable traders. They make money on shilling you referral links to leverage exchanges. Exchanges just...
ETH is currently in a parabola + an ascending triangle. When it crosses 2100 prepare for alts to go nuts for a month. Im talking blue chips going 2x in a month.
The best portfolio you can have is the one that can let you sleep at night, not the one that holds coins that are going to go up the most. You need conviction to hold trough the cycle. Crazy volatility is part of the course but the rewards at the end are juicy.
The 27k aka 50 MA level is the level to watch. The battle there is real. If we can go sideways for like 1 more week and then short squeeze the suckers we are going to 39k in a straight line.
We are in this mid bottoming year parabola. At some point when the price of BTC and ETH gets high enough we will break out of that parabola and go sideways until the halving. Hopefully we avoid a black swan like the zombie virus and we dont crash as low as we did last cycle. After the halving the game becomes simpler and easier. Just hold trough 2024 in to 2025...
These are my current coins i believe will do well in the next bull. Let me know if you like or dislike some particular coins in my portfolio. I am here to learn. 1. BTC 2. ETH 3. LINK 4. ADA 5. DOT 6. KSM 7. FLOW 8. CHZ 9. FIL 10. GRT 11. SAND 12. LCX 13. ENS 14. 1 inch
If you are here as an investor in the crypto cycle these daily, intraday, weekly fluctuations should mean nothing to you. If this is yet another regular crypto cycle BTC should reach bottom to top in around 152 weeks. We are currently sitting in the 20th week of the cycle. If you know there is a bull market coming that is going to 10x the market cap the only thing...
We just broke out of a huge descending triangle with a target over 4k. Not to mention that this is a disbelieve rally which many people dislike because they missed the bottom and are still calling for crashes. Around 3600 we have a very obvious level for hunting stop losses. I think we can go between 4k and 4.5k mid year with people calling for recession and crash...
One thing these BTC maxis dont understand is that crypto is an open source world where everybody with an idea and some coding skills can create a coin. This means that it is programmed in to the market that BTC dominance will fall with every passing cycle. I wouldnt be surprised that when this industry matures the market will have hundreds of thousands of coins,...
Lets do a mental exercise why its better to be a bull then a bear. If you buy a coin that goes from 1 to 10 that is a 10x on your money. If you short the same coin from 10 and you cover at 1, you make less then 2x on your money. You have to be a noob or an idiot to short crypto. Not to mention that the entire market is worth only 1 trillion. Compared to other...
You might not believe it but the ETH pattern target is above 4k. Could get there in a couple of months.
Can you imagine what would happen if this ascending triangle breaks up and we go straight up to the target at the highs how many people are going to get rekt. First of all alot of people are going to miss the move up as they are waiting for a pull back and second when we go to the high the fomo will kick in and people are going to buy it for a break out. And then...