BTC Long Term View
Log Fib Extension based on correction of each bear market cycle
This is why I think a Long Term TP around end of 2021 will be between 204,500 to 265,450 USD if past cycle is repeated without any external fundamental catalyst (ex: Hyper Inflation)
#BTC
4 Phases of The Bitcoin Halving
1. Pre-Halving Rally
Approximately 42 days remain until the Bitcoin Halving in April 2024
And ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue)
History has repeated in this respect
Now, Bitcoin is approximately halfway through its Pre-Halving Rally phase
In anticipation of the Halving, investors "Buy the Hype" in an effort to "Sell the News"
Short-term traders and speculators "Buy The Hype" several weeks before the Halving in anticipation of making a profit from this hype-fuelled rally
Then these speculators "Sell The News" to realise that profit, contributing to a Pre-Halving retrace which occurs only a handful of weeks before the Halving event itself
2. Final Pre-Halving Retrace
After the Pre-Halving Rally has concluded...
A Pre-Halving retrace tends to occur a few weeks before the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep
In 2020, this Pre-Halving retrace was -20% deep
This Pre-Halving retrace can last multiple weeks and up to 77 days
3. Post-Halving Re-Accumulation
The Pre-Halving retrace is followed by multi-month re-accumulation (red)
This period can last up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
4. Post-Halving Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth on its way to new All Time Highs
This phase tend to last just over a year (~385 days)
$BTC #Crypto #Bitcoin
It's a bold claim to say "this time is different" for #Bitcoin.
To do that, you're betting against 3, going on 4 cycles of the same.
Everything you've seen so far, including the launch of ETFs have played right into the cycle.
Remember when they told you that ETF's were supposed to launch Bitcoin to new ATHs instantly?
Instead, the launch of ETFs marked the exact day of the local high.
"This time is different" fools you every single cycle, the same villain wearing a different mask.
Sideways period scheduled to start soon after the completion of the correction, lasting about 4 months until the second early top in June 2024 (purple dot)
New ATHs after November 28th, 2024.
Cycle Top +/- 21 days from November 28th, 2025.
My portfolio still up big. No leverage. Just Chill.
Here’s a message for those who wanna make it. I’ve been doing this over 10 years. The markets have only 1 job. To shake you out. It's the biggest PvP arena. You think you are smarter than the big money?
I understand it can be hard to swallow at times, that's why I keep telling you guys to be comfortable with uncertainty and volatility. Until you do that, you will not make it. I went as far to doxxing myself showing one of my wallets to calm you down. Think about my real net worth, everyday I either lose a house or gain a house. Most people would puke their guts out.
It's extremely clear we are in a bull market. That's all you need to know. Money printers are on. The two biggest central bank in the world, PBoC and FED are printing and will print more. Big boys do not have the power to "out do" the central banks. This chart highlights Policy Bias with a 15 month lead. Printers will start. Chill.
We will be going UP this year. Maybe #btc at 70K? 100K? I don't know, but it's UP. Until I sound the alarm, you do not need to worry. All you need to do is, no leverage, don't emotional trade, don't be greedy. You will be fine. I'll guide you until the end of this bull market.
Life is simple.
Fix your body:
fast, exercise, water, ketone, sun, relax
Fix your mind:
fast, read, write, be mindful, grateful
Fix your finances:
learn, save, invest, create value, sell
Fix your relationships:
trust, give, smile, be honest, respectful
Anxiety is now gone.
#Bitcoin is doing what it always does
2011: ⬆️
2012: ⬆️
2013: ⬆️
2014: ⬇️🔻
2015: ⬆️
2016: ⬆️
2017: ⬆️
2018: ⬇️🔻
2019: ⬆️
2020:⬆️
2021: ⬆️
2022: ⬇️🔻
2023: ⬆️
2024: Any guesses? See a pattern?
Play the LONG game! #BTC Eats and then it Digest, then Eats again!
Rinse & Repeat
Are you feeling underexposed?
Don't worry, this current rally is nothing compared to what happens during peak bull.
But if you haven't made a plan yet, now's the time to make sure you have one in place.
🧵: Here's a simple 5-step roadmap to make it in the bull run.👇
We're on the verge of another face melting bull market.
Technical analysis has helped me reach financial freedom in crypto bull markets.
It took me 5 years to learn and I will teach it to you in 5 minutes.
Please, read this guide if you plan on trading.
Disclaimer: I've simplified concepts to teach you technical analysis quickly.
For a free detailed trading course check out my telegram (link in bio)
Step 1: Understand the Trend
I'm going to teach you to read market structure + trend.
Moving averages are the easiest tool for this.
Set up Tradingview
Lower Time Frame: 7ma
Medium Time Frame: 30ma
High Time Frame: 100ma
Use MAs to identify the trend.
If you are using the free version and have limited indicators search for an indicator called "3ma" and put your settings like this.
Trend Cheat Sheet 1
Uptrend: All MAs fan out with 7ma at top and 100ma at the bottom
Neutral-Uptrend: 7ma & 30ma crossing with 100ma at bottom
Neutral Trend: All MAs crossing
Neutral-Downtrend: 7ma and 30ma crossing with 100ma at top
Downtrend: All MAs fan out with 7ma at bottom and 100ma at top
Trend Cheat Sheet 2
Uptrend: Support is stronger and resistance is weaker
Neutral-Uptrend: Support is stronger
Neutral: Support and Resistance are equally strong
Neutral-Downtrend: Resistance is stronger
Downtrend: Resistance is stronger and support is weaker
Step 2: Identify Key Levels
For this, you need support and resistance.
Support: An area where there is demand for an asset. People buy here usually.
Resistance: An area where there is supply for an asset. People sell here usually.
Key levels can;
Hold: Buyers keep price above support. Sellers keep price below resistance.
Break: Buyers fail to keep price above support. Sellers fail to keep price below resistance.
Trap: Buyers/sellers fail to keep price above/below support/resistance temporarily.
How to find support and resistance.
1. Round numbers are likely to act as key levels
2. If a level holds as support/resistance more than twice mark it
3. Support breaks it turns into resistance, if resistance breaks it turns into support
Look how well just the key round numbers work on $BTC
Step 3: Put it all together
1 - Identify key levels and trend
2- Apply all the rules and cheat sheets you've gotten today to perform you analysis.
And that's minimum viable technical analysis.
If you want to dive deeper and make the most of the next bull market.
Next learn learn risk management, strategy development and trade journaling.
Good luck.
Life is simple.
Fix your body:
fast, exercise, water, ketone, sun, relax
Fix your mind:
fast, read, write, be mindful, grateful
Fix your finances:
learn, save, invest, create value, sell
Fix your relationships:
trust, give, smile, be honest, respectful
Anxiety is now gone.
#BTC
You can tell that almost everyone missed the entire move up this year b/c they talk about #2023 being a Bear market for #Bitcoin
Meanwhile, #BTC is currently up 71% on the year! They missed it all, so it didn't happen; this is the way of the LARP & the fake TA guys that show you BS charts daily.
In December, when #BTC was at $16k, I said we would see $31.7K this year. I also made an hour-long video explaining it.
However, this isn't about me. This is about helping YOU understand that you are being led to believe nonsense daily.
Draw a chart to ATH's, and you get 1000+ likes guaranteed. Draw out a scenario that happens exactly as you called it, and you'll never see anything close to that. It is all completely backward, and all it does is cost people money b/c they believe the bs'ers.
The most interesting part is that the bs'ers never get punished for it. They can be dead wrong 90% of the time and grow this crazy cult-like following that defends them to no end.
In fact, when I made the call for $31.7K (the exact top by the way) at $16k, a guy whose name was actually "CAP" (you couldn't make that up) told me I was wrong, and I publicly explained why I disagreed. Then, as Bitcoin began to climb, he started moving the goalposts, and I called him out for it. But, I only bring it up b/c of what happened next, not only did his army come after me, but SO MANY large accounts that many people find credible attacked me as well, claiming that I was attacking him, blocking me, calling me names, and telling me he could still end up being right and all kinds of other BS.
It was hilarious b/c the only thing I said to the guy was, you were wrong; admit you were wrong, and you'll be fine. Why? Because we are all wrong at times.
Why explain all this? Because it is up to you to pay attention to results. Stop thinking a guy with 50K, 100K, 200k, 500k, or a million followers KNOWS anything just b/c they have a big following. In reality, the opposite is typically true. Look for substance; substance is not a giant up or down arrow, nor is it reading something you agree with. Nor is it some magical-looking chart that has a price prediction based on a curved line or a 3-week chart (epically dumb btw) or a bunch of squiggly lines showing up or down options where no matter what happens, they were right.
If you follow people and support them, make sure they truly bring you value that helps YOU improve YOUR trading.
Good luck!
Everyone should find three hobbies:
-One that works towards making you rich
-One that works towards making you fit
-One that works towards making you smart
What are yours?
Congrats, $100 yours. This answer comes closest. I'll DM you.
Question was:
What is the one main similarity between CEX listing and Futures listing and why? This applies to both tradfi and crypto.
Why this question?
To save you pain. DUH.
99% of the time, when CEX listings or Futures listing. Price dumps. From IPOs to Commodity ( Gas, Gold, Soya beans ) Futures, you become the exit liquidity.
IPOs are obvious. Futures is betting on the underlying asset WITHOUT the asset as settlement resulting in stupid swings. Oil price went negative during covid. Remember?
These moments are BEARISH moments. Don't RETAIL FOMO. Wait for price to settle. While most answers are right to a certain degree. Increases liquidity and some technical terms, good work BUT what I’m teaching you is this:
These are the facts, easy to google. SO WHAT? Everyone with a brain can google. What’s actionable?
Hope you learn something. Cheers.
I'm 28, reached financial freedom at 26 and attribute most my success to continual learning.
These are the books that have impacted me most.
1. Essentialism by Greg Mckeown
2. The Changing World Order by Ray Dalio
3. The One Thing by Gary Keller, Jay Papasan
4. The Mind Illuminated by John Yates
5. Bitcoin: A Peer-to-Peer Electronic Cash System by Satoshi Nakamoto
6. Mindfulness, Bliss, and Beyond by Ajahn Brahm
7. The Status Game: On Human Life and How to Play It by Will Storr
8. Can't Hurt Me by David Goggins
9. Meditations by Marcus Aurelius
10. Man's Search for Meaning by Viktor E. Frankly
11. Dorian Grey by Oscar Wilde
12. Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Taleb
13. How to Win Friends & Influence People by Dale Carnegie
All this knowledge is useless without action.
Learn, apply, repeat.
I'll share my favorite trading specific books on my telegram tomorrow, link in bio --> @KoroushAK
Making too many decisions in Crypto is exhausting.
I started making more money once I learned about Systems Thinking.
Here's your playbook for creating Systems in Crypto:
(plus it stops emotions from killing your gains!)