El Salvador and Paraguay making $BTC legal tender and Saylor planning to buy another chunk.
Price dumped 11%
wow, is this what capitulation feels like?
Do kwons recovery plan :
โHey guys, so we are stepping away from Luna, obviously it was a failed experiment but we are going to use the rest of the assets to fund our new panda nft collection!โ
@CryptoKaleo
1) 19900 retail liquidation cascade to 17000
2) 17000 bunch of mid-tier VCs liquidation cascade to 14000
3) 14000 Celsius liquidation cascade to 11000
4) 11000 Saylor removed from MSTR, MSTR dumping all coins to 5000
And all that in 1 hourly candle
In 2018 alts went to 0 because 99.9% were literally a useless garbage cash grabs.
This time they actually built something. I think crypto is here to stay whether $BTC dumps big time or not.
I apologize for hyping the 42K yesterday lads, clearly the market gave me a lesson.
I think I am gonna stay away from the charts, let the PA unfold and come back tomorrow or Thursday.
PEACE โ๏ธ
First "real" alt season started after we hit new ATH back in February 2017.
$LTC went up 700%
$XLM went up 3200%
$XRP went up 5300%
$ETH went up 1060%
It also happened after the
#Bitcoin
halving which is in 339 days.
Is it gonna be different this time?
Let me tell you a secret
If the alt season is really upon us, no one cares that $XRP flipped weekly supp to resistance. It will pull 1000% sooner or later.
This is probably the mid-bullrun altseason.
The second one is going to start at the end of the bull run and it's gonna be much more aggressive and larger.
Guys please don't shill you memecoins (dogs, cats, semen or asses) below my posts - I won't buy them or shill them.
Maybe I am missing out on bunch of gains but I am also missing out on a lot of brain damage.
My HTF thoughts on
#Bitcoin
Q2 -> Dump to bottom
Q3 -> Range near the bottom, possibly spring the lows
Q4 -> Supercycle pamp
Something like this maybe โฌ๏ธ
"Market dumped because of new Covid variant"
This might be the second dumbest narrative after
"Chinese whales cashing out for presents before new year"
First "real" alt season started after we hit new ATH back in February 2017.
$LTC went up 700%
$XLM went up 3200%
$XRP went up 5300%
$ETH went up 1060%
It also happened after the
#Bitcoin
halving which is in 339 days.
Is it gonna be different this time?
Currently waiting for this 4HR block (red box) to get cleared.
Once it's cleared, I am pulling the full trigger on a significant relief bounce.
#Bitcoin
Hong Kong is planning to legalize crypto trading in Q2
Obviously this is huge for the crypto market dynamics and I think it could spark a huge narrative
Now is the time to look for coins that will profit from this the most
The two major cycles comparison
We front-ran the ATH and dropped over 30% in the first cycle. Proper alt season started during the recovery.
Similarities are there...
(Blue line is $ETH/ $BTC)
This may sound a bit offensive to some but I just want to make clear that when I post a trade setup or a chart in general, I am not really posting it to hear your opinion on the setup.
My favourite price action pattern.
- I call it THREE STOPS
It's basically a level reclaim after two stops-hunts.
If you have any questions, please feel free to ask ๐
$XLM did 2.4x in 6 days
$DOGE did 3x in 10 days
$LRC did 3.7x in 12 days
$IOST did 4x in 13 days
Different alts popping like this and you're waiting for altseason? It's right here and this is only the beginning.
There is one crucial thing I learned during the bull market.
I am not an investor, I am a trader. Therefore most of the time I don't want to buy a coin due to FA reasons and wait for weeks.
I want to long a consolidation after a pump and exit after the second pump.
1/3
You know what's better than a strong $BTC rally? The Bitcoin -> Altcoins shift that comes afterwards ๐ฅ
Not yet but soon and when it comes, I'll be there ๐ค
Now that Binance perp OI is at ATH, I will share with you my thoughts on
#Bitcoin
.
Obviously it's not gonna play out pip for pip but imo this is a decent scenario.
Sitting on my hands till we get a proper breakout.
$BTC
- Spot is significantly buying for the first time in months
- Most deriv. traders want to react to the sweep of the lows
- Plenty of liquidity all the way to 33K.
I am long and dgaf...