$BTC Big Prediction
Bottom between 56k and 60k (which means we are already very close to the bottom)
Meanwhile, we chop between 56k and 70k for the next 3-4 months
Why not lower? The chop between 60k and 80k lasted 4 months, 2 months more than it should have imo
That is why many bears (including me) were close to being invalidated when $BTC was pushing for 85k. Let's be honest, had it closed near 90k, the structure would have shifted to a bullish one.
But we dumped (like I said), but that chop lasted for too long, taking days away from an accelerated bear cycle, meaning I EXPECT ONE FINAL WICK DOWN TO 56K, like what happened in the previous bear cycle, and I DONT EXPECT TO WICK DOWN TO 40K like many experts are saying
There will come a time when $SPX equities start dumping, and $BTC won't give a shit; that time is soon, because equities are about to have a huge correction. All those degenerates who migrated to equities and made some of them into Altcoins WILL COME BACK TO FIND $BTC at 60k, $ETH at 1500, and $XRP at 1, and they will buy all the spot in the world, big players included.
This is a bold prediction; I can be proven wrong if BTC drops below 50k, and that can happen soon if we keep dumping.
But I am backing myself, the charts, and history. The stars are aligning perfectly. I will be the first to admit if I am wrong.
Western Digital $WDC - Expecting a 30 to 40% pump
Trading 440, TP 600
Local bottom formation taking place; I expect it to run towards its highs. Not sure if the memory bull cycle is over or not, but just technically, this has another pump incoming, and I'm not missing it
Lately, trading has been great, and by lately I mean the last 5 months
I did struggle initially. I was one of the bulls who said $BTC at 100k would hold, and that the bull cycle demanded another all-time high around 130k
Losing that 100k level and the dump to 80k was brutal
It erased a lot of the profit I had made in my 1st few months of trading, but importantly, I was able to protect my capital
I started using low leverage (3x-4x) with a worst-case scenario backup plan.
I realized how these 60-80k in the long run are discounts, and because the bear market is unpredictable, I would not force trades and be patient
Yes, I ran a lot of shorts, most of them around 76k targeting 64k, multiple times, all of them successful
I dont trade by the hour, but I dont think about holding forever either. I take profits when I get a decent 10% move or 40-50% profit, and add positions accordingly
I have a strong sense of the macro bias and believe in buying discounts. I dont care if a coin has 100x potential; if the entry is wrong, I am not going into it
Any market can go to 0, many Alts did lol. Many times I got out of trades with a small loss or break-even. When you lose low leverage, you have that benefit
Patience is the biggest strength you can have as a trader. Most times your decision isnt wrong, but the entry or the timing or the risk management lets you down
@trader_koala Yup, $PENGU is a very solid chart to long at the right levels. One of those rare charts with a stable bottom formation that has held key levels for a long time now.
Western Digital $WDC - Expecting a 30 to 40% pump
Trading 440, TP 600
Local bottom formation taking place; I expect it to run towards its highs. Not sure if the memory bull cycle is over or not, but just technically, this has another pump incoming, and I'm not missing it
@trader_koala Hold 70k for sure
Even if we dump a bit, I expect a quick reclaim and a range forming between 70k and 80k for a few weeks
Then we blast to 97k as the next major pump
These dips are healthy and I expect many big players to step in
$BTC - As I said, I took partial profits at 78k (maybe a bit early, but I dont knife bottoms or call tops)
Will add more to my position now and hope for more dips towards 72-75k
Next big target would be 97k
Time to build as I did before (between 58 and 64k)
$BTC - Taking partial profits here at 78k; will add more at better discounts
Part of trading is taking profits along the way. I believe this is the right time
$BTC $ETH $WLD #cryptotrading@CoinDCX
Just saw a post by a guy who opened their X account just to let everyone know how he is in debt to multiple loans, has lost everything in crypto, and is now suicidal, even threatening the exchange for not helping him avoid liquidation or helping him with their debts
Firstly, there are always fresh starts in life. No matter how big a hole you are in, you can always come back. Sure, you will have to go through legal procedures, insolvency, whatnot, but you have to chase that fresh start
Secondly, there is always value in your work, no matter what you do. Get some work, a monthly fixed income.
Thirdly, you know what you walked into; it's a high-risk profession, and you have to be prepared to lose it all
Markets have been around for a long time; people have lost money for a long time
No matter how down you are, never beg; WORK
Clean toilets, do anything, just WORK
Also, dont trade with leverage if you have a family dependent on you. Still even after saying all this, THERE IS ALWAYS A WAY OUT
bitcoin:native Boring=Bullish
I said that at 62k, and I am saying it now at 79k
Bears could never explain why 60k held for 6 months, and now they cannot explain why their so-called 'dead cat bounce' is not dumping back into 60k
Any range above 67k is very bullish; even a 67k-80k range for the next month or so is healthy
Although there is a chance we front-run and never go back to the 60ks
(Btw I was a bear for a long time, turned bullish in July, accumulating)
bitcoin:native - All this chop and frustration is long-term very bullish
What you dont want to see are more dumps. Say we wick to 54k right now, and jump back up to 64k, what is the guarantee that that was the bottom? It just opens the door to further downside (30-40k, which will never happen but just sayin)
Boring = Bullish
And I am bullish around 60k. It has held for 6+ months, and the bottom will be over 50k.
And the longer we are in this range above 60k, the more likely it is that the bottom is very near or already in
Again, I struggle to agree with people being bearish right now. And trust me, I hear all sides. There is no reason for 60k to be such a resilient level, holding for over 6 months, if not for the fact that bottom is close. We should have already dumped into 52k for the 42k scenario - It aint happening
Bears are behaving like bulls at 120k, time to have some tea
$BTC to 97k (sooner than you think)
Two paths -
1) Dip to 68-72k and then pump back to 80-85k range, then a breakout to 97k
2) No big dips, directly to 85k, form a temporary range and then breakout to 97k
Both very plausible. 2nd option would be brutal for bears 😂
$BTC $ETH $MU $SNDK
It's always a TIME BOMB when leverage increases exponentially
The same leverage that pumped crypto also led to massive dumps
The same will happen with AI stocks (I mean $SNDK dumped by 50% from ATH)
Its not the asset, its the charts and degenerate retail