I've traded everything in crypto - #Bitcoin, #Ethereum, altcoins, memecoins.
I’ve learnt invaluable lessons along the way. After making millions (and losing it all multiple times), here are some key lessons that I’ve learnt in my 7 years of Crypto trading that will help you thrive📝
Let’s dive in🧵👇
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Interesting pair that I'm going to watch for the remainder of this cycle: $BTC / $VIX.
As you can see, this pair has been in a giant rising compression since the 2016-2017 cycle. Pretty crazy that these trend lines are marking tops & bottoms.
I have SURVIVED and PROFITED from
3 Bullrun cycle. This is my 4th and I've
never seen this many CATALYST.
Before I start please Like, Repost and
save this post.
12 reasons why this cycle is very
bullish like nothing I've seen before.
1. The German Govt has run out of Bitcoin
Almost 50k #Bitcoin that the German Government confiscated has been sold out.
There is still Mt. Gox but these retailers and creditors are more into holding than selling.
2. FTX to repay $16b to creditors
$16 billion worth of stablecoin will be paid out to creditors from the bankrupt crypto exchange FTX.
Read more:
https://t.co/7aMA8l6Wz6
3. Bitcoin ETF
The approval of the U.S. Bitcoin spot ETF is a catalyst itself.
In 6 months, it accumulated up to $18 billion in total cumulative inflow.
Gold took more than 4 years to reached that amount.
4. USDT Marketcap
$USDT marketcap has made a new ATH.
In the past 9 months, $USDT marketcap added $28 billion. The same thing happened in 2020 pre bullrun.
More $USDT means more liquidity.
5. Global Liquidity Cycle
The Global Liquidity Index shows a strong correlation to global liquidity.
Crypto is following the 65-month long-term cycle.
6. Ethereum ETF and others
The first U.S. spot #Ethereum ETF is expected to start trading on Tuesday, July 23rd.
Bitcoin approval is already big enough. But with ETH, it is bigger.
2 applicants filed for spot SOL ETF.
7. Bitcoin Election
The U.S. election is driven by Bitcoin and cryptocurrency. Front runner Donald Trump is a strong supporter of crypto.
According to Polymarket, there is a 70% chance that Donald Trump will win the election.
Not just that, Joe Biden, Robert F, Kennedy Jr shows interest in cryptocurrency and bitcoin.
Almost half of the voters are considering a candidate who supports crypto.
8. U.S. States are pro-bitcoin
Oklahoma has signed 'Bitcoin Rights' into law. This covers self-custody, the right to mine bitcoin and the use of bitcoin for transactions.
Missouri, Ohio and South Carolina are some of the states that passes the 'Bitcoin Rights' bill.
9. SEC has lost its war against crypto.
Read more:
https://t.co/gQIF51VBmg
10. Bitcoin Conference 2024
Donald Trump is a major speaker at Bitcoin Conference 2024.
This is the biggest Bitcoin Conference ever with strong speakers lined up.
11. Global Market
CPI Forecast
Read more:
https://t.co/lwDdrsAHQf
The Rate Cut is expected to happen in Q4 2024. The rate cut is beneficial for investment.
12. Goldman Sachs to launch 3 tokenization projects.
Goldman Sachs Announces Plans For 3 Tokenization Projects
Read more: https://t.co/0O7e2m8v2O
Now that's the biggest catalyst we have so far. I've never seen anything like this where the global market, politics, TA, and FA align to create crazy bullishness for crypto.
Stay tuned for more analysis like this.
The Global Liquidity Cycle: What It Means for Crypto Investors 🎓
As we hold our crypto tokens tight and try to anticipate the markets next steps, understanding broader financial trends can provide valuable context. One such trend is the Global Liquidity Cycle.
Global Liquidity, a massive $170 trillion funding pool, encompasses the short-term liabilities of banks and shadow banks, along with cash flows from households and corporations. This liquidity ebbs and flows in a cycle lasting approximately 65 months (5-6 years).
According to recent analysis, we're currently in an upswing of this cycle. The last trough occurred in December 2022, with the next peak projected for September 2025.
Increased liquidity often correlates with greater risk appetite among investors. As the cycle progresses, there's typically a shift from "safe" assets like government bonds to riskier investments. Cryptocurrencies are inherently known for their high-risk, high-reward profile, so this is bullish and for me, hard, factual data that were on the right path.
The cycle's impact is already visible in traditional markets. The US Treasury yield curve is steepening, a phenomenon often associated with improving liquidity conditions. This steepening occurs as investors move away from "safe" assets, pushing up long-term yields relative to short-term ones.
However, it's crucial to remember that the liquidity cycle is just one factor among many. Regulatory changes, technological advancements, and market sentiment all play significant roles in shaping crypto markets. Think US the election, and whether it'll be #Trump or #Biden who prevail. We also have $ETH ETFs coming 2nd July, in addition to wider the economy experiencing improved inflation rates.
In conclusion, as we progress through this upswing in the Global Liquidity Cycle, #crypto investors should stay informed about these broader financial trends. While they don't provide clear dates, they do provide valuable context as we move into Q3 and Q4 for this year.
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#BTC#Crypto#Bitcoin
I made over 2 million trading altcoins this year alone.
Just one tool made this possible: Fibonacci.
Many know about it, but few use it correctly.
🧵: Guide on how to master this tool for trading alts 👇
Study this chart
You can see the green line. 👀
Bitcoin's halving just happened.
Price is hovering still below last cycles ATHs.
Historical price data, + ETF, + trump/election, + global macro, + tech adoption, + momentum, + fundamentals, & everything else.
The next 9-11 months (maybe 18) should be wild.
#BTC
The Post-Halving Bitcoin "Danger Zone" (purple) is officially over
And Bitcoin is celebrating with a good bounce from the Re-Accumulation Range Low support
$BTC #Crypto#Bitcoin
Over a decade in #Crypto trading & #investing, simplified in one tweet:
Learn this, bookmark it & print it down✍️✅️✅️✅️
in #BullMarket:
-investing, HTFs plays & simple holding outperform trading. Never try to time the market.
-#Bitcoin outperforms most of the #Altcoins in the first 2 thirds of bullmarket, #Alts to outperform in the last third.
in Ranging / #BearMarket:
#Trading & preserving capital is the best.
Bear market starts immediately right after the #Altseason where the dominance drops below 40-35%
Bottom/Early #bullmarket phase where you must accumulate starts 1.5~2 years after the previous top
When investing, Enter gradually on portions then exit gradually as well (DCA)
Bear market technical confirmation comes ONLY after alts are already 80-85% down, so better DCA out when conditions are good (altseason) than holding your bags down 99%
ignore the news & headlines, best good news come near the top & worst bad news come near the bottom. Ignore both & stick to your plan.