Trader X - Official Channel
BTC Topped, you need to look at the right chart. Let everyone think we will hit ATH. We will do in the following months but for now we will see a correction.
As quoted in the previous post, last 10 days of the month might bring rejection on the market, I await for some move lower maybe around 43-44k max. Best case we drop to 47k. Not looking to short, just hedging some of my positions.
ETH BTC
If it manages to establish some price action above the 200 DMA and gain this 0.06 area it's going to fly. Until then be cautious.
Last 10 days of the month might bring some rejection on the market.
Seeing a move down to 46k is absolutely normal at this point, 50k is a psychological resistance level and it can lead to multiple rejections and liquidity tests lower.
Focus on the bigger moves from now. The scenario presented in the picture is the absolute best scenario for altcoin buys if a dip occurs.
Q&As
85/100k cycle top for this run? What do you think total MC of all crypto will be?
3.5-4 Trillion
What's the time frame you're looking for this to happen?
This is by far the most unpredictable. I would have to guess that top should be over by summer because when these trends start they don't last for very long.
What I think is going to happen if BTC breaks 50k area
Liquidity crisis, distribution zone will be around 85-90k. Wick to 100k is inevitable, it will be the retail trap area.
Then we drop lower, 60k is the new support, Bitcoin keep trading but on a different scale just like we shifted in 2021 from sub 20k to a new range above 20k.
BTC USD
Hope at least some of you followed my advice on staying long on the market
I like how this is looking
https://www.tradingview.com/x/BShGnIvC/
I got many DMs about coins, DOGE etc.
One advice. If you bought early with me, hold everything don't bother selling there is no point. If you are sidelined wait a little bit until BTC flushes down one more time and buy there. But in general, everything will pump buy what is strong fundamentally and don't rotate much unless you know what to do.
I think that maybe there is chance to not even buy into BTC and buy into ETH only because of how the chart has been formed in ETH/BTC
https://www.tradingview.com/x/5lwbz6yv/
I closed most of my position around 37.5k waiting to re-enter BTC around 33.7
https://www.tradingview.com/x/iSbqxSPR/
We are not going to retest.
There are not going to be any retests, no opportunities to buy again lower. Understand the market dynamics. He who is late to the game doesn't get the ability to safely enter again. Become a master of entering at pivotal points.
Remember that I told you we reached a bottom before anybody else.
https://www.tradingview.com/x/MnzQ6ym3/
This new cycle will be all about correct rotations and coin selection. Don’t expect it to be an easy bull run. Easy bull is over. Only smart money will make it.
You are not ready for what is about to come
https://www.tradingview.com/x/740cKBxx/
TRB is the forecast of what is about to come. This is the moment and with DXY depreciation on the horizon we are going to shoot higher.
https://www.tradingview.com/x/k0ZApAsH/
You guys see something bearish?
https://www.tradingview.com/x/MEKpNlIH/
MKR USDT
I think this could work
https://www.tradingview.com/x/zgF4bJua/
LINK
Read the previous post and I will let you guess what the structure in the box is called.
https://www.tradingview.com/x/7XhOlshs/
Over the following days I will post some coins that I think have good performance once we get it running. Since there isn't much movement now there is no need to drop lower than the Weekly timeframe.
AAVE - Looking that it's in an accumulation phase, dips are for buying. You either buy and hold here or wait for a gain of support. Either way, this is accumulation
https://www.tradingview.com/x/IGAOQxJS/