DavideCrypto

8+ years trading | Founder of Simplified Trading 🎯 | See you in our Discord 👇

[DavideCrypto @CryptoDavide33]

Going over how last night played out and here’s just how insane the move in $KAS was:

21:49 - 0.0712
22:21 - 0.0092

87% collapse in 32 minutes.

[DavideCrypto @CryptoDavide33]

@PeterLBrandt @BitcoinLive1 This will over extend just enough to make retail believe it’s more fake out. Then we will see the true low get set.

[DavideCrypto @CryptoDavide33]

@staunch2068 @benjamincowen Hi Dave. Fundamentally speaking, TA is literally pattern recognition.

[DavideCrypto @CryptoDavide33]

Crypto has entered a bear market.

Yet we are still seeing influencers and so called traders gaslighting their followers into feeling stupid for even considering that reality.

That kind of patronising messaging plays directly into people’s emotions and that is where mistakes get made. It pressures people into inaction or blind conviction rather than clear thinking.

The truth is that this leg down in crypto was highly probable. It was not something that came out of nowhere, and it was not a time to simply sit on your hands and ignore risk.

Upside will likely come again, but do not let anyone convince you that you are an idiot for recognising a bear market when the conditions clearly support it.

[DavideCrypto @CryptoDavide33]

@benjamincowen That’s most likely a rising trendline not horizontal. That way it has also already broken through.

Taking everything into consideration, this will have confirmation soon and metals will be again be the top performer of the year.

[DavideCrypto @CryptoDavide33]

The markets are selling off.

Unfortunately, most content creators and consumers won't have seen it coming.

The algorithm means if you stop posting, you'll see a huge slowdown in engagement when you resume.

If you consume a lot of content, you'll see regular hopium, so FOMO will prevent sensible moves.

Except for a week or so, I've stayed ahead of the fall by focusing on reality.

Anyone you're following who speaks in absolutes about short-term outcomes is providing hopium. These are unprecedented market times.

The medium to long term, however, is easier to understand and navigate.

[DavideCrypto @CryptoDavide33]

The fact that none of this has had any emphasis on carry trade, corporate bonds, rolling over debt and the Russian war..

None of this goes away anytime soon.

An economic conveyor belt of carnage

[DavideCrypto @CryptoDavide33]

Been a while since posting on here!

But we’re entering into a pretty important period to understand what is going on at the moment in terms of the markets and monetary policy.

I will post my thoughts soon! 🫡

[DavideCrypto @CryptoDavide33]

X unfortunately has begun to mirror the legacy media in terms of its algo.

Bigger accounts all seem to hit the button at the same time, regurgitating the same bias.

This is especially the case within the crypto world. Sentiment shifts on a really short term basis change rapidly because of it.

If you aren’t experienced in the markets, you likely have no chance when it comes to managing your emotions.

[DavideCrypto @CryptoDavide33]

Since midnight $TAO has had some seriously extreme volatility.

Personally can't see this stopping anytime soon.

[DavideCrypto @CryptoDavide33]

Today is a prime example why you shouldn’t use X to base your opinion on the market.

[DavideCrypto @CryptoDavide33]

@AS29211856 How were the emotions on Friday? I still upside to come

[DavideCrypto @CryptoDavide33]

This feels like the crypto of old.

Huge red days 🔴

Huge green days 🟢

Watch how quick sentiment changes.

[DavideCrypto @CryptoDavide33]

This feels like the crypto of old.

Huge red days 🔴

Huge green days 🟢

Watch how quick sentiment changes.

[DavideCrypto @CryptoDavide33]

Be prepared for the reality of what is to come in the markets.

If you aren’t you’ll lose big.

This won’t be a straight move up, simply because the number tool institutions have over retail is Market Psychology.

They control what you see and when, alongside the set up of the charts themselves.

I’d say moving into the next 5-7 years we will see some of the most insane events within financial markets. If you aren’t mentally prepared for them you’ll lose and lose big.

[DavideCrypto @CryptoDavide33]

@KobeissiLetter @ol_bowman It’s arguably the opposite. When I got into crypto in 2017 the market would see 300-400% days based on alts potentially getting a partnership with a centralised business.

[DavideCrypto @CryptoDavide33]

Short term I’d expect some seriously extreme volatility. But as long as there’s no major economic collapse in the short term alts will likely see some solid upside.

It’s risky times at the moment though and there’s no doubt in my mind there will be a lot less retail wanting to have risk on the table now.

[DavideCrypto @CryptoDavide33]

Going over how last night played out and here’s just how insane the move in $KAS was:

21:49 - 0.0712
22:21 - 0.0092

87% collapse in 32 minutes.

[DavideCrypto @CryptoDavide33]

Watching the response after the flash crash.

I fear for the majority within this space. The unfortunate reality is most are going to spend a boat load of time waiting for everything to play out like they’ve been promised.

The major issue being they don’t know how to manage risk and greed.

99% of what you read is uneducated and inexperienced commentary.

Stay safe in this space folks. It’ll eat you alive if not.

[DavideCrypto @CryptoDavide33]

Been calling for $ETH to break down to $3500 constantly going over the fact I’m happy to wait for the fall and not get caught up in the noise.

$ETH was $4676 at the time of this photo. Eth moved up more than I’d have liked but it always about managing the trade as you get more data.

25% dip into $3500.

[DavideCrypto @CryptoDavide33]

@CryptoSaturn12 For the record I was short on $KAS with a target of 0.055

[DavideCrypto @CryptoDavide33]

@CredibleCrypto Currently smashing into an X crossover here so likely can get a better entry.

Higher time frame though, I can see that being broken through.