Crypto5max

Trader | Market Analyst | Crypto Content Creator | 1.618 Fibs

[Crypto5max @5milllionM]

#BTC    moves within a range and we are looking to spike the lows of the current trading range - much like we did the highs at around ~25,000$.

Do I think 10,000-12,000$ or below? No, not really. I think we could take out 17,500$ but I doubt we go much lower.

[Crypto5max @5milllionM]

@Boltapp_za @prince_basant2 If you are in Cape Town avoid this idiot Racist of a driver for bolt ZA

[Crypto5max @5milllionM]

@Boltapp_za THIS DRIVER IS A RACIST On BOLT ZA I don’t know how drivers on BOLT are allowed to be racist to their customers . I guess this is why Uber is better because you will never find drivers like this on UBER

[Crypto5max @5milllionM]

@Boltapp_za THIS IS THE WORST DRIVER I’ve meet on BOLT ZA, I CAN’T BELIEVE BOLT ALLOWS RACIST DRIVERS, this is a shame…

[Crypto5max @5milllionM]

@RayDieno You are powerful

[Crypto5max @5milllionM]

I've taken profit on this shitcoin, so position is closed. key here was that I entered with 0.1 leverage, so even if it doubles up, I will still be in a fairly small drawdown.

[Crypto5max @5milllionM]

Have you noticed how close narratives (AI coins f.e.) often move together?

After seeing the yearly resolution from
@art_xbt, I have been paying more attention to these types of moves and I think it could be useful.

Here's an example from ealier today. #AGIX #FET

[Crypto5max @5milllionM]

3)That was the hype behing Sparkster and that scam was promoted heavily like 5 years ago. And last but not least, cointelegraph is promoting it and I just don't think chances are high for a mass media guessing it right :)

[Crypto5max @5milllionM]

2)And yes, #Bitcoin definitely has power to still go up, however, imagine what a 10-15% BTC drop would do to alts. And we will still be in a short-term bull market. Also, layer-1, high transaction throughput, low latency, and low fees ain't a thing to me.

[Crypto5max @5milllionM]

I'm opening a small short on #Aptos. This thing can still go up, but asymmetry is to the downside, in my opinion.

With $20 billion valuation, this shitcoin has a higher MC than Prada, Mitsubishi, OMV, Dominos Pizza and what not while having 5 users all together.#cryptotrading

[Crypto5max @5milllionM]

A good day to be alive,innit :)

In hindsight, that seemed to a very accurate call for #BTC. We did take out 17,500$ to trap more bears before aggressively going up.

Now watch out for the attention farming of new ATH calls from the same people that were calling for 10k :)

[art @art_xbt]

Note to self:

Next bull run, pay close attention to other crypto people's spending habits

The moment you see them flexing new luxury cars and watches on your timeline, start taking profits aggressively

The absolute top signal is when they start gifting those things to others

[Crypto5max @5milllionM]

@Kbeast420 Hi, send me a DM.

[Crypto5max @5milllionM]

@RayDieno How do I contact you directly?

[Crypto5max @5milllionM]

Please pay attention that my bearish bias the last couple of months doesn't mean I think #Bitcoin is done and we never see new ATHs.

What I am saying is that we are in uncharted territory and there are currently no bullish signs.

And yes, on-chain and indicators are useless.

[Crypto5max @5milllionM]

Nothing has changed for me. The asymmetry is to the upside, in my opinion.
That said - you don't have to bet all your bullets(USDT) on this level, but always leave some in case your thesis was wrong and we go lower.

I don't do absolutes, but probabilities.

[Crypto5max @5milllionM]

#BTC    moves within a range and we are looking to spike the lows of the current trading range - much like we did the highs at around ~25,000$.

Do I think 10,000-12,000$ or below? No, not really. I think we could take out 17,500$ but I doubt we go much lower.

[Crypto5max @5milllionM]

Amazing work yet again from @Mindset_BTC. This is practical/useful info right there. Forget about them fake trendlines and what not.

[Crypto5max @5milllionM]

#Bitcoin    grabbed external range liquidity, closed back inside in and is currently forming equal lows, aka retail "support". That's not great to be honest, as these tend to be taken.

Doesn't mean it's very bearish however.

🧵

[Crypto5max @5milllionM]

I must say though that with the current sentiment and 64% correction w/o returning to equilibrium (0.5 Fib), I do favour 28,000$ first before 10,000$. I think we are more likely to return close to 30k than shoot down straight to 10k.

Happy trading :)

[Crypto5max @5milllionM]

So now that we are up in the same range, #Bitcoin    has many ways to go.

Overall though, 60% + sell offs are extremely rare and I'd expect we return to some sort of equilibrium in the short-mid-term. Meaning retracing at least 50% fo this move to about 28-30,000$.