My Crypto Story: Lessons from 2017
A lot of people don’t know my story with crypto back in 2017. I made six figures during the bull market—only to give it all back. The hardest part? I saw the market turning at the end of December, early January, but ignored my own analysis. Instead, I got swept up in the YouTube hype: everyone was saying it was going to the moon, with reasons like CME futures and institutional money etc
After losing it all in 2018, I promised myself I’d never let that happen again. Through the bear market, I studied relentlessly to truly understand crypto and how it moves. That work paid off in December 2018, when I bought the low on Bitcoin and scooped up assets like Matic under a cent, Cardano under 3c, and Polkadot at $2. The next bull market, I was ready, and it made all the difference.
The reason I’m sharing this? Don’t follow the hype on social media. Many people there get paid to shill. Follow the data. Back in 2018, the data told me to buy when everyone was bearish. In November 2021, when people were screaming Bitcoin to $100k, the data said otherwise.
If altcoins are ready for another moonshot, these key charts wouldn’t still be in a downtrend. Until that reverses, altcoins are not bullish. Things might change, but for now, the data says they’re bearish. Trust the data, not the noise.
OTHERS.D - WEEKLY - losing long term trend support and in bearish market structure. Would need to bounce back early this week.
OTHERS - DAILY - just broke major support and in a downtrend after a 3 wave move. Would need to reverse early on in the week also.
Yes, it’s possible we could enter a bull market, but don’t just guess or chase the hype. Too many get caught up in the excitement, only to end up wrecked. Let the data show you if we’re truly in a bull market. Follow the unemotional data—not the noise.
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@ASX__Trader We wouldn't be here without your incredible teaching and guidance ASX Trader, Your dedication to our growth and success is what drives us to keep pushing forward. We're grateful to be learning from the best and are excited to continue this journey with you. Thanks for everything!
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@ASX__Trader Thank you
I am deeply honored to have won this trading competition, and I want to extend my heartfelt thanks to everyone at Mastering the Markets.
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Human Psychology never ceases to amaze me. If I can predict the emotions of retailers in the market you can bet your bottom dollar the composite man can.
The "Composite Man" is a concept from Wyckoff's market analysis that personifies the actions of large, influential market participants as if they were a single entity. This entity manipulates the market to attract retail investors. Essentially, the Composite Man is playing chess while retail investors are playing checkers, using sophisticated strategies to outmaneuver less experienced traders.
If I offered you a billion dollars, would you take it? Most people would jump at the chance in a heart beat.
But here's the catch: you don't get to wake up tomorrow. Would you still take it?
No? Exactly.
So, what you're telling me is that waking up tomorrow is worth more than a billion dollars. Think about that.
Every single day is a gift, more valuable than any amount of money. So enjoy every moment, make the most of it, and keep moving forward.
US10Y - WEEKLY
If you want to know where interest rates go follow this chart. Luckily I locked in mine at 1.94% in 2021. My predictive TA says down first as we will have rate cuts in 2024, then we head higher take out the highs and head towards 7-8% in 2025-2026.
https://t.co/kaNR79yer0
OTHERS.D
Told you my plan 11 days ago. Now we are here and if we get above blue zone that plan comes to fruition and I get my Alts at a major discount once again.
Always act on data not emotions.
USDT.D and USDC.D has turned bullish for first time off major weekly support since BTC lows at 15k.
Hopefully you clenched and raised those stops in March.
URA - for something that is only down 10% and still in 100% bullish market structure there is certainly a lot of negative sentiment on uranium right now.
There is absolutely nothing bearish about it. Likely to keep breaking up very soon. Will let you know when confirmation starts.
Others.d - weekly
I'll be looking for a major bottom on alts on this circle zone. Its the area ive been waiting for since March. If I get a change of structure off that zone I will look for confluency and rebuying my alts I sold in March. Most are 50-75% off. I will only buy on confirmation. Just telling you my plan ahead of time. Act on data not fear and emotions. If it breaks below trend and then 8% we will go into a major bear market.