- Market Update, Twilight Zone -
I'm calling this new market update "Twilight zone" because we're at a point where the fate of the market hangs by a thread.
Before reading this update however, make sure to check my previous one because it gives you more "completeness" and also acts as proof of my work (for the good and the bad, of course):
https://t.co/AR5lT8APai
Let's analyze:
- TOTAL 2 -
In the last update I added this ๐ note:
"Ultimately, we're still ranging and that's true, but it's important to respect certain zones as breaking to the upside would also mean testing another time the BB on TOTAL 2, and given the fact that it has already been mitigated multiple times, this would contribute to weakening the zone."
As you can see, the bi-weekly BB that was holding as support has been violated with the last bearish impulse breaking the MS with an HTF closure below 1.31T and wicking into the 1T support which was not only a psychological level, but also a liquidity one present on the weekly TF.
There was a level I was monitoring which is the 1.19T that has been ignored at first time we didn't see any closure below and we're currently using it as support where we can potentially rise more, but pay attention to 3 levels:
- 10H at 1.3T
- Potential monthly supply at 1.39T
- Clean 3D supply at 1.42T
All of these levels constitute a partial de-risk and optimal zones to look for shorts on broken MS on altcoins, so bearish retests until proven otherwise.
With "proven otherwise" I intend retaking at least the PSH at 1.47T that would potentially confirm a MS shift, so do not FOMO into supply areas, please.
- USDT D -
This continues to be one of the most important charts (if not the most important) of the whole space.
If you paid attention to the last update, I was pointing out 2 clear levels: 3.97% + 3.93% where to de-risk and looking for shorts.
Look at the reaction we had from that area, almost perfect (no, it's not Trump's fault for this) and with this move we caught the liquidity highlighted months ago located at 4.87/5% which has provided a nice opportunity on most altcoins.
Have to be honest, I didn't expect it to be reached now, but as explained in this post https://t.co/3hkvlmfijb this is a good thing because for the concept of AMT we now have the fuel for pushing higher on the overall market especially because (at the moment) we're not having any HTF closure above the PSH at 4.54% which is key for determining further downside or upside.
For the downside:
- Observe the D PHOB at 4.10%
- Observe the 4.06% + 4.03% demand zones
If reached, you should be careful looking for at least a partial de-risk.
For the upside:
- Monitor an HTF closure above 4.54% that would imply at least a wick fill (50%) with potential taps into the 5.03% and 5.22%.
If this happens without an HTF closure above 5.51%, you'll likely have another swing long opportunity.
If this happens with an HTF closure above that swing, you'll have the official confirmation of bear market starting.
- BTC D -
Compared to the previous update the BTC D broke the MTF SH above 59.92% but not above the 61.53% one (key level) and this, as stated in the last update, has pushed ETH/BTC down to the 0.27/28 area, something I talked about in this post: https://t.co/rN3DszFY9z
We got a few levels below to pay attention at, not specifically talking about HOBs because I don't rely much on these things for such metric, but the HTF demands located at 58% and 57.45%, very important areas that could provide a bounce and logically, a temporary? correction on altcoins.
More details in the chart, work level by level.
- Final take -
The market as you can see is in full "Twilight Zone" because many macro charts have approached their key levels.
We have:
- ETH/BTC at 0.27/28
- ETH/USDT that took liquidity in the 2K area
- BTC D at HTF SH (61.53%)
- USDT D at HTF SH (4.53%)
- +1: Gold at 2870 (macro 1.618)
All together, these confluences might favor more upside and I would be extremely surprised to see further breakdown from these levels.
The most awaited question is: "Altseason?"
Guys, I think that thinking in "altseason terms" has completely ruined the operatively of many because they expect pumps left and right ignoring mid-levels and therefore sacrificing a lot of money in the meantime.
The goal, as I always say, is to extract and compound and not to "sit on your hands and do nothing" because this forces you to not take action.
You don't need "one shot life-changing money".
This market is evolving and past approaches don't work anymore, you have to be 10x more cautious and pro-active if you want to survive.
Adaptability, like a chameleon who's ready to change colors when he feels under pressure due to an imminent arrival of a predator.
If you lost money during this big swing it's ok.
It's ok to lose, it's ok to make mistakes and yes, it's also ok to feel like a complete stupid, there's no shame in this.
The only shame is not taking responsibility, giving up and complaining.
Regardless, Super Bowl is approaching and we might see, as stated, some good upside.
Look at the levels identified in the charts and you'll be fine, I believe.
@BraverCrypto you boast about your good calls, but you neglect your bad calls thereby biasing your followers and crypto newbies. you also shared $alice $nao $aipg $andr which went to zero. thanks for the โฌ10k loss. i won't forget it.
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@IamZeroIka One thing I learned from you and @Moneytaur_ is that I shouldn't follow the masses, so if people expect a boom on the 20th, I would expect the opposite and prepare in advance for that. Would it be a massacre?
@IamZeroIka Zero happy new year bro. What's your opinion people expecting crypto to go insane once trump enters office in relation to your macro plan? Inauguration is on the 20th of January. Do you expect your plan to play out before that? Tweet continued in next one.
- Christmas Market Update (Bloody Santa Version) ๐ ๐ฉธ-
Despair, fear, sadness... not exactly the typical emotions of a classic Christmas, are they?
Time for a mega "clarification" market update freshly offered, hope you'll enjoy it. (and that will calm your nerves)
The collapse we saw was nothing but something already anticipated at the beginning of August where I shared the most interesting levels to pay attention at: https://t.co/udXCulJ5aR
While the majority of people were bull-posting at the highs because of the "ETFs" or similar stories intended to make you FOMO, I was suggesting to proceed with caution because, together with the targets shared, AMT was pending as a Damocle's sword on the market's head: https://t.co/aLTmMo75sx
I also shared something extremely interesting in my channel, a fantastic short opportunity at 108.200 where I had the confluence coming from the -0.5 & the 1.454 Fib levels, in order to provide you more "sauce": https://t.co/AN1mEHlpU8
But let's now proceed with the real dish. (Covering altcoins, you know what I think about Bitcoin overall)
- TOTAL 2 -
In the last TOTAL 2 update we were seeing the capitalization hitting a multi 20H TF HOB suggesting to pay "semi-careful" because it could have provided a rejection targeting the 1.33T where we had the multi-week supply turned into a BB: https://t.co/9NNXn1FFSD
As you can see from this updated chart, the price has taken out the level dipping at 1.22T but we didn't have any HTF closure below this zone which is the crucial and essential part.
When such key levels get hit we have 2 potential outcomes:
- They provide an immediate powerful reaction
- They continue to "melt" liquidating positions just to provide a false sense so retails panic sell their positions nourishing the necessary liquidity for pushing the prices more
And is the second option that I'm taking into consideration as long as we don't close HTF below 1.22T that would likely mean ruining the whole structure and compromising further bullish impulse.
Now in my opinion the previous HOB is no longer valid (apart from the 20H that could provide a LTF rejection -> BB) so keep your eyes open on the 1.64T and on the previous ATH at 1.71T (previous highs are always "careful levels")
- BTC D-
Many people have been pretty much "concerned" about the last BTC D. upside, but if I watch it from an analytical standpoint, nothing has changed.
We tapped into a 3D PHOB that matches the 70.50% Fib and wicked into my favorite "retracement box" (70.50% + 78.60% + 88.60%) so technically speaking this is a bearish retest.
I would start to be concerned exclusively if we close HTF above 61.53% but this isn't my primary case given all the considerations made in the past.
It's also absolutely interesting to notice the multiple confluences provided.
When BTC D hits this level, ETH touched both HTF liquidity areas shared here: https://t.co/mlM38seGbD and also TOTAL 2 hit the BB, very curious, isn't it?
- USDT D -
Last but not least, the USDT D.
The metric has taken out the bearish liquidity at 4.20% (the one that ignited the pump till 108K) and then reversed back from 3.80%, as proof of the strength of the level.
My eyes after that touch were primarily on the 4.40% where we had that 6H OB + 0.618 & 0.5 Fib as main confluence for a potential reversal and while we have wicked above at the moment (4.61%) the important is to not close HTF above 4.52% in order to avoid a huge pick of liquidity into the 5D LB at 4.80%.
Not my main case at the moment.
Below we still have that 3.80% but we have already mitigated it multiple times contributing to make it weaker so if we will see new highs, that level will be broken, sending the USDT D at 3.30% (multi-day OB) and where we will see a powerful correction once again, likely.
- Final conclusion -
As I was bearish before, I'm trusting my plan and I'm accumulating + opening some longs on interesting altcoins that have reached their HTF liquidity levels.
To me, this is a shakeout in order to absorb the necessary liquidity before another push and I will treat it as such until proven otherwise.
Of course, I don't have the crystal ball and I will always re-adjust if something changes, but as posted yesterday, Kendrick Lamar might be right saying: "Now or Never".
Oh, and if you like my posts don't forget to press the repost and like buttons, they mean a lot for supporting my work.
Happy "Bloody Christmas" by SM.
Happy "Shopping" if you trust your plan.
@IamZeroIka Thanks for your post. I was looking at the daily OTHERS chart and we can indeed see the wick to 450 billion, but when I go to the 4H OTHERS chart, I see a maximum reached of 438 billion. How come there's a difference between them?
@CryptoGirlNova Nova, would you recommend converting all profits into $USDC and stake it somewhere on my Ledger or would you cash out everything to your bank account? Staking $USDC is more profitable, however the value of it fluctuates.