Levels to monitor if Bitcoin maintains its HTF bullish structure and proceeds forward to a new ATH:
- BTC : 87/109K
- TOTAL 2 : 2/2.5 T
- OTHERS : 600/685 B
- BTC D : 43.87%
- USDT D : 3.80%
If I'll find confluences between those charts I'll cut 80/90% of the positions, keeping a little portion "just in case".
One tip if you're struggling with your bags and you've been holding something that faced a severe downtrend.
Psychologically speaking in fact, seeing a position going in down-only mode might be painful, and sometimes, this can trigger a negative spiral in which you start doubting yourself, your skills and your future.
Like when you came out of a toxic relationship that drained your energy and made you wonder if there will be ever a better soul mate ready to hold your love.
It's hard to let go but sometimes it's the right step to do independently of a potential future comeback.
The thing is that sometimes you just need a new beginning.
So, returning back to altcoins, the sole idea of flipping a position you've been holding in red for a long time to another one that offers a good risk/reward opportunity might be a great thing to do.
Your brain starts to reset the past “pain” looking with positivity at this new trade you're taking.
As a reflection, your energy will take an injection of boost making you commit more time while operating in a more rational and better manner because you’ve learned from the previous trade mistakes, increasing the probabilities of success.
Exactly like learning after a breakup: you start to understand what you want in a relationship and what you don't want.
Of course this method must be applied after having deeply scanned the charts, but it helps a lot from a mental perspective.
It's not about chasing, it's about recognizing that sometimes, there are better opportunities in the market.
Words from a guy who exploited this “mind trick” by dumping a brutal underperformer asset recovering the loss shortly after with a greater one.
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Come da tradizione, ogni correzione di #Bitcoin che si rispetti ci regala sempre le solite perle: stracciamento di vesti collettivo, sentiment da 2 novembre e i detrattori che rialzano la testa dopo mesi di anonimato in cerca di un pò di notorietà.
Neanche stessimo parlando di un asset in caduta libera, dato che BTC è tra i più performanti in circolazione (+35% YTD, con punte del 70%).
Proviamo a ragionare tra persone serie e lasciamo i deliri a engagement farmers e clickbaiters assortiti, di cui purtroppo i social pullulano.
Se parliamo in termini assoluti, la correzione in corso è perfettamente in linea con quelle che abbiamo registrato nell'attuale ciclo di mercato, con un massimo drawdown del -23%.
E -23% è esattamente dove si trova oggi Bitcoin rispetto al suo massimo storico a $73.800.
Parliamo di una correzione decisamente superficiale, dato che siamo di fronte a un asset caratterizzato da livelli di volatilità significativi.
Ma anche se la correzione in corso dovesse estendersi più in profondità, saremmo sempre all'interno di condizioni perfettamente compatibili con un mercato rialzista, almeno se ci basiamo sull'andamento storico di Bitcoin.
E dirò di più, se andiamo a confrontare la price action attuale con quella dei precedenti cicli di halving, troveremo delle analogie sorprendenti.
Nell'analisi pubblicata sul canale telegram lunedì, avevamo discusso dell'eventualità di una rottura della regione $60K che avrebbe ricordato da vicino il ciclo di halving 2016.
Andiamo più nel dettaglio con l'aiuto della chart allegata (foto 1), dove ho inserito proprio la price action di bitcoin nel 2016.
La linea blu verticale indica l'halving del 9 luglio 2016 e ciò ci mostra la prima analogia: bitcoin all'epoca raggiunse il top locale circa un mese prima dell'evento.
In seguito la moneta è entrata in una fase di consolidamento, che ha prodotto un'azione dei prezzi molto simile a quella attuale: una prima fase in cui si era formato un supporto nel range di ri-accumulo, che poi però viene rotto violentemente al ribasso con bitcoin che scende a testare la SMA 200 daily (media viola).
Questo è esattamente ciò che sta avvenendo oggi (foto 2), con bitcoin che ha rotto quello che sembrava il supporto del range di ri-accumulo e punta in direzione della SMA 200 daily, che insiste nella regione $50K.
Naturalmente non è detto che ciò avvenga, dato che in area 56.000 dollari c'è una discreta confluenza di supporti.
Ma diamo per buona l'eventualità che accada, con la correzione che si estenderebbe al -33%.
Se torniamo al grafico del 2016, il primo elemento di considerazione è che l'acme della correzione post halving ha raggiunto il -38%.
Ma la cosa più interessante è quello che è accaduto in seguito: infatti dopo una settimana di vendite pesanti, bitcoin si è stabilizzato in un chiaro pattern di consolidamento tra la SMA 200 e la SMA 100.
Questa fase di ri-accumulo è durata circa due mesi.
Dopo di che, la mossa successiva è quella evidenziata dalla freccia verde: un improvviso movimento impulsivo al rialzo che ha portato la moneta nel giro di 3 mesi al +142% dai minimi della correzione post halving e al +50% dai precedenti massimi pre halving.
In sintesi:
- la price action attuale indica che il bull market è finito?
No, al momento indica semplicemente che abbiamo raggiunto il local top e che è giunta l'ora di una correzione.
- nei precedenti cicli di halving abbiamo avuto pattern simili?
Sì e lo abbiamo appena visto.
Per concludere, fino a prova contraria ci troviamo all'interno di una comune dinamica correttiva di bitcoin e siamo ancora lontani dai livelli che mi farebbero rivalutare seriamente la mia lettura.
D'altronde, come dice il buon Peter Lynch: "Devi sapere che il mercato a volte scenderà. Se non sei pronto per questo, non dovresti possedere azioni. Ed è bello quando succede".
E se questo vale per le azioni, figuriamoci per Bitcoin.
Buon 1° maggio a tutti 🥂
This is almost everything you need to know 𝗶𝗻 𝗰𝗮𝘀𝗲 we print an HTF closure below the 60K mark.
Considering this eventuality, we will fill the first weekly imbalance and potentially the second one.
Both areas, in my opinion, will likely present the last opportunity to buy more before the next (and last) HTF move, therefore marking a reversal.
A few additional considerations:
• For the bullish case:
Funding currently negative | spot premium started to climb again | open interest completely reset
• For the bearish case:
We tested the demand zones 4 times.
Additional tests will likely bring to buyers' absorption.
Early followers know that I've been bearish on the ETH/BTC pair since June 2023.
This was logical for me to think, considering the correlation with Bitcoin dominance.
The current situation is very interesting, especially because holds the hint for altcoins to run.
We sloped down the equilibrium point at 0.053 printing 3 consecutive red weekly candles and highlighting the weakness of the pair.
Despite ETH moving inside a bullish internal order block, my guess is that we will make a final move down toward the 0.382 Fibonacci level and potentially slightly below to catch that big FVG (💧).
If so, I think that will be the perfect level for printing an HTF reversal and, therefore, seeing the whole altcoin market gain strength.
This also should coincide with my view of seeing BTC D. at 56/58% before a macro reversal.
• Pump everything before the halving
• People claim this is just the start based on previous cycles
• Create mass FOMO for almost all 2024
• Rekt them all in 2025
Confluences to be found on major accounts like you rightly said.
3/4 of the bullrun gone, preparing for the last and most interesting part, in my mind.
This space is dominated by wolves disguised as sheep.
Even the accounts you trust the most might do tricky games with you.
𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝟱 𝘀𝗰𝗮𝗺𝗺𝗶𝗻𝗴 𝗽𝗮𝘁𝘁𝗲𝗿𝗻𝘀 𝗜 𝗿𝗲𝗰𝗼𝗴𝗻𝗶𝘇𝗲𝗱 𝗱𝘂𝗿𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝗽𝗲𝗿𝗶𝗼𝗱: (this will help you to understand who is your friend and who is using you as exit liquidity)
𝟭. 𝗟𝗶𝘀𝘁 𝘁𝘆𝗽𝗲
Did you notice that most accounts constantly create lists with tickers of coins?
“These are the next 10/20/50x:”
• Coin A ~> X10
• Coin B ~> X20
• Coin C ~> X50
“I have you X coin and it went to X price”
This “content methodology” has 2 main purposes:
• Create engagement (leveraging people's emotions and expectations)
• Add undisclosed paid shillings that “force” followers to buy those coins
This is a very classic method mostly utilized by accounts that have nothing to say and want to disguise themselves as “experts”.
Easy to spot a scammer.
𝟮. 𝗧𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗲𝘅𝗽𝗼𝘀𝘂𝗿𝗲
This is something we have already seen and nothing innovative, right?
The procedure, for those who don't know, is the following one:
• Get paid from the project (in tokens) without disclosing the payment
• Quote the project’s post
• Tag the ticker and insert some bullish expectations to trigger an emotional response
• Dump the token on the head of your followers
An old technique that still continues to work perfectly.
𝟯. 𝗡𝗮𝗿𝗿𝗮𝘁𝗶𝘃𝗲 𝘁𝗵𝗿𝗲𝗮𝗱
With the bull market, new narratives emerge from time to time.
This creates the perfect environment for scammers to scam even more.
Here is how this works:
• Create a cover for the post with “20x/50x/100x” to attract retails’eye
• Make a catchy title regarding the narrative adding: “These are the coins that will make you rich/will go ballistic”
• Insert all the tickers of the coin from the projects that paid you
• Don’t disclose anything of course
Hint: most of these accounts are repetitive and you'll find the same writing methodology from post to post
𝟰. 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗽𝗼𝘀𝘁𝘀
Oh, this is something utilized by those who pose as “genuine” because it doesn't seem so scammy at first eye.
The footprint is similar to the previous techniques:
• Get paid from a project in token
• Make some technical analysis by posting a chart telling it's likely gonna rocket
• When it soars, claim you bought the bottom and many plenty of Xs
• People will perceive you as a guru
• Repeat
“But bro, many people chart coins, even you..is everyone a paid shiller then?”
Hint: you'll find “confluences” across accounts, meaning that you'll see the same coins “casually” and constantly shilled at the same moment.
Those are no coincidences.
𝟱. 𝗔𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁 𝘀𝘁𝘆𝗹𝗲
Ah, the “Steve Jobs syndrome” ready to announce a new Apple product:
• Get paid from a project
• Announce that you found “a hidden gem”
(this will make sure you'll leverage people’s hype)
• Make the coin public and wait for followers to buy it
• Token rises and claim that you're a “gem hunter”
Hint: these are usually micro caps (because projects pay for exposure)
~ Short take ~
Fix it in your mind: 90% of crypto accounts don't want your good.
There are a lot of fakes in this space and I can guarantee you that many of them will read this post and continue their with shady techniques, because they care zero.
But the worst are the ones that make you believe they’re real and your "friends" also because they “balance” undisclosed paid shills with some disclosures, making more difficult for the average guy to recognize these accounts.
I could make a brutal list exposing these liars, but I'm not here searching for war wasting my time.
I'm here to make you aware raising your attention.
Share this post if you think it can help your friends and want to make it recognizable.
Aisatsu.
The biggest alpha is the market is dull & hesitant right now as we are heading into 2-3 months of the best IDOs/new coin release EVER in gaming...and AI.
This will leave these at easy 3-10x buys when the market heats back up
Here's my list in both sectors. Will have a video on this likely mid/end next week. Leave a like if you find it useful.
I expect all these to be absolute bangers. Again due to the current state of the market I think people will actually be able to get into these at good prices UNLIKE when the market is heated n IDOs get bought to huge market caps in seconds.
I think the GAMES below have solid chances to run at Illuvium like levels (higher risk, but huge reward) . I think the INFRA are extremely solid straight forward consistent bets.
Games (Soon)
Bloodloop (very soon)
GamesGG (infra, very soon))
ChronoForge
Pixelmon
My Pet Hooligan
Gaimin (L1 infra)
Xborg (game infra)
Rumble Kong League
Mocaverse (infra/huge)
Games Upcoming
Gunzilla/Off The Grid
Treeverse
AI/Depin
Skillful AI
GPU. Net
DOP (Data Ownership Protocol)
NukAI
Again the IDO/Launchpads that will likely give the best exposure to these at presale prices are
Seedify
Bytes
Sidus
PAID (for stuff outside gaming)
Feel free to throw yours in however I think this absolutely covers the best drops coming in gaming.
And yes I have invested in all of these.