@CredibleCrypto At the end of the day, you present everything to us on the table. No matter how much they try to manipulate you, they cannot succeed because there is only one "right". What I like most about you is that you have a rare and priceless "stand" even in the current state of the world.
Have been watching these HTF equal lows on $CVX at $1.42, but just noticed this potential triple tap developing on LTF's as well...
Possible we front run the lows at $1.42, hold the LTF triple tap (hold above $1.45) and then see expansion to the local range highs at $2.67 (first target if triple tap holds) and then expansion to local supply at $3-$4.
Glad I am fully loaded and don't have to worry about which outcome we get...
Without being able to see the future and without the benefit of hindsight to nail a perfect entry- you really can't go wrong buying spot ETH at these levels imo.
We are at the lows of what is essentially a 5-year long consolidation range (which also happens to be monthly demand) and whether we go lower or not this 5 year consolidation will ultimately resolve to the upside imo.
Could we go lower? Sure, it's possible. But any moves below this HTF range (if we get them) will be scooped up imo and are ultimately generational entries for what will be the next major expansion phase on ETH that will, imo, take us to 10k+.
If you don't have the patience to wait and endure some potential drawdown if this zone doesn't hold, then this post isn't for you.
If you think crypto is done for, and all time highs on majors like ETH will never be seen again, then this post isn't for you either.
For everyone else, and most importantly for those who are actually bullish on ETH, you can't go wrong at these price levels imo.
The second part is a serious educational film about how hopeful you should be about your current alternative, I think these chaos environments are also a logical reason for you to take the time to watch and practice. Here you go.π‘ππβ @CredibleCrypto thank you for your effort
Part 2 of my market update is now LIVE!
This one focuses SPECIFICALLY on altcoins including $CRV, $ETH, $TRAC, $HBAR, $XRP, $SOL, $QNT, and $AAVE but also gives you a general framework with which to evaluate ANY altcoin.
If you haven't seen Part 1 yet, which focuses exclusively on Bitcoin, I recommend watching that first. Links to BOTH parts will be posted below π
Part 1 (Bitcoin): https://t.co/HDcX4nvj2K
Part 2 (Altcoins): https://t.co/UR1AIdanws
Likes/shares always appreciated.
A good time to retweet this now that 74k has been broken and we are seeing one of the more violent corrections on $BTC that we have seen in a long time.
A few things I think it's important to remember during times like this:
FIRST: Panicking and reacting emotionally is never going to help things. I've been through every major correction/downturn since 2017 and some of them have been pretty damn bad. At the end of the day, none of them led to "the end of crypto" and this one isn't going to do that either. Focus on the charts, not narratives, and analyze the situation as you would under "normal" circumstances, letting technicals guide your decisions rather than emotion.
SECOND: It's worth pointing out- that even in 2017, we fell 50% from our highs in a single week- the most devastating correction we had ever seen in the history of Bitcoin (at that time). During this 50% drop, total altcoin marketcap ALSO fell 50% in this same window, meaning alts took a hit on the way down with BTC as well. However, after $BTC hit 10k and saw a 50% deadcat bounce- altcoin marketcap didn't just bounce 50% back it literally went on to make new ATH's, going 3x off the lows and sending many alts up 5x, 10x or even more. So don't assume that this large correction means your "alts are dead". Bottomed out alts are still bottomed out, and this correction doesn't change that.
THIRD: While people may agree or disagree on what constitutes a "cycle top" or a "bear market, one thing pretty much everyone I think agrees on is that parabolic, blow off tops lead to the largest, most devastating corrections when they complete- and we did not get a blow off top in the current instance. Which means, this ensuing correction- while brutal, could have been significantly worse, and likely won't be nearly as bad as many are saying it will be (that is the fear, panic and emotions talking).
So, keep calm, don't panic, read the post below and watch my latest Youtube vid (pinned tweet) if you'd like to see some potential ways this correction may resolve (also tune in for Part 2 on alts which will be released soon) and let the market settle before jumping to conclusions/decisions that you may regret later.
@CredibleCrypto Scenario to close the gap; It's a path no one expected and I think it makes sense. The environment is neither ready for the 20k level nor for an aggressive return. Yellow Bullet is a good scenario that will put everyone in the wrong corner. I'm waiting for the results π.
There is an unnecessary flow and information pollution in the environment and constantly pumping fear into people as if the world is about to end. And I was waiting for a reasonable person to come out and explain what is happening and the summary of the situation and finally π
Alright folks, Part 1 of my new market update is now LIVE.
Our key HTF level of 74k $BTC has been breached, what does this mean for the future of Bitcoin?
I break down both bullish and bearish possibilities and explain the rationale behind each.
*Note: This was recorded a little over 24 hours ago- and while we are trading a bit lower on Bitcoin vs when I recorded- everything discussed in the video is still just as relevant.*
Likes/shares always appreciated! Link to watch is below π
https://t.co/HDcX4nvj2K
Many people are afraid of the wavy sea, but why should the weather change depending on your mood? I think those looking for sheet-like water can turn to the toilet taps. The beaches need some rinsingβ
Those who do not take steps to understand the time we are in; From morning to evening, "why?", "what is the reason?" It smells like a lot of effort for those who cannot turn off the judgment mode with their questions and constantly blame Cred. You can definitely learn something
The 3rd video in my new educational series is now LIVE!
In this video I focus specifically on proper position sizing.
This is arguably the most important aspect for new traders to understand if they want to find long term success in this field.
Likes/shares appreciated, enjoy π
https://t.co/wfbFgPj6vf
Even though I hear and see echoes of reproach on these platforms that you are a "scammer", I must admit that you have continued to do good work since the time of $tvk, #tvk. No matter what anyone says, if there is no voice in this world, it means there is no life. $VANRY #VANRY
It has been 5 years since I first began talking about both #uranium and #cannabis stocks as alternate investment sectors that I was interested in.
The quoted tweet is when I was talking about $CCJ at $4, it currently trades close to $90 (chart below to compare the quoted tweet back then and now).
In that time, the #uranium sector has exploded- as we expected it to- yielding a near 20x on our blue chip pick $CCJ since we shared that we were buying, and an easy 5-10x on a number of our other picks like $UUUU.
Cannabis stocks on the other hand, have yet to take off.
I am still holding both $CRON and $TLRY and am now actively adding to both of those positions as just this last week an executive order was signed to make cannabis a Schedule 3 substance. This is one step closer to full fledged legalization, and just like Uranium, the cannabis sector is ripe for expansion imo.
Stocks like $CRON, $TLRY and many more have been consolidating in HTF accumulation zones- some 90+% down from prior ATH- exactly the type of chart that I look for (both in crypto and any other sector).
Just like Uranium, the impatient will not get the 10-20x's, but if you are willing to wait, I do believe that this is a relatively low risk, high reward opportunity.
Most who remember when I used to talk about Uranium said "yea yea I'll pay attention when it starts moving" and completely missed the 10-20x that followed across the board. The few that pulled the trigger and patiently waited however, were rewarded. I believe we will see the same with the cannabis sector as well.
$CRON specifically, looks beautiful from a TA perspective (pictured below) and is sitting in our HTF accumulation zone and is sitting on 800M in cash with a market-cap that is just over 1B- meaning it is still extremely fairly valued imo and a great pick for exposure to the sector.
As always, DYOR and only invest what you can afford to lose. At the end of the day the decision to invest (or not) is yours- not mine, and you should be able to take responsibility for whatever the outcome may be.