I want to write a few sincere things because I don't think anyone wants to see technical fundamental analysis.
There is no longer anything to explain about what we have experienced in the last year; there were 2 factors that helped us maintain our motivation during declines in this sector: the first was the bitcoin - altcoin correlation, and the second was the ethereum - altcoin correlation.
Until this year, bitcoin would accompany altcoins during declines; if bitcoin diverged, ethereum would remain weak and take altcoins with it as it moved. This event changed completely with ETFs, which is why predicting what will happen in the market is harder than ever.
Altcoins are completely under manipulation, and we see pricing according to the desires of the exchanges that control the supply. If you entered the sector after 2021, you have probably not seen any profit and have significantly eroded your principal.
As the market changes so much and has not reacted for a long time, those who think about just going short or selling their spot and getting out are increasing, and they are not unjustified; what is happening has become absurd.
I am %70 below the ATH level I saw in December 2024. I have been observing the market for about a month without making any additional purchases and continuing to hold my portfolio, which is %95 in coins. If this sector is not going to die, the tide must turn within 2026, and at worst, we should see a 5-10X from here to justify the struggles we have gone through.
But if coins that have dropped %95 from their peak cannot even manage this rise, I will accept that the sector will only carry 10-20 coins consistently and will seriously question the spot altcoin investment approach.
I feel like we have been repeating the same day for months, and I have passed the part about making money; it is even a psychologically exhausting process. May it be for the best for us ✍️
It seems we will see a decline to the weekly MA99 support on the Bitcoin side.
It corresponds to the 84-85K levels, I don't think it will go much lower. During this process, it is important how much damage the altcoins will suffer; for now, the outlook remains weak.
It seems we will see a decline to the weekly MA99 support on the Bitcoin side.
It corresponds to the 84-85K levels, I don't think it will go much lower. During this process, it is important how much damage the altcoins will suffer; for now, the outlook remains weak.
USDT.D has been continuing its upward trend since the beginning of October.
There is a serious transition to USDT, and I see this as a continuation of the manipulations that started on October 10, without any crisis situation that would cause this increase.
Currently above the resistance zone, and it last broke this level in April. Let's hope it falls below the yellow upward trend so we can take a breath.
Last week, I talked about my updated portfolio and expectations during the broadcast. I will be honest, I am currently 65-70% below the ATH level I saw in December, so I need to make 3-3.5X from here to recover.
On the crypto side, apart from a few exceptional trades, I have been longing for profits in the spot market for months, and I haven't had any capital increase other than Forex transactions during this period.
I will do another broadcast today at 22:00 to share my expectations and actions regarding the market.
In the past, when I had a bundle of cash in my hand, I would open the charts and thoroughly research which coin to invest in, and I enjoyed it a lot. Now, when I have a little cash, I think I'll wait for it to drop a bit more before I buy, but since it keeps falling every day, I don't feel inclined to make a purchase.
I want you to get to know this charlatan called @rakamvezaman well.
First, he said he would close the account if BTC doesn't reach 290K in 2024, but he didn't close it. Then he claimed that Altcoins would reach ATH and ETH would be 13K by June 2025, but curiously, when ETH reaches 1500$ , it will drop to 881$ . He made a bet with me about the bottom, and we turned back from there, and ETH made 3x from the bottom.
This clown, who is jumping around saying he knew the drop, sold the goods he bought at the top at the bottom, and now he can't stand behind his claim of 20 ETH because he has no backbone.
As I said, I believe this person will delete his account and disappear on January 1st or pretend to be crazy and stay quiet. If the guy pretends and keeps his word, I will distribute these ethereums to you 👌 But I don't think this guy has 20 ETH.
Since I stopped trading futures, my life has changed; I can now eat and sleep without the thought of whether it will be liquidated. I don't log into Binance every hour anymore. Instead, I'm slowly losing money on spot trading; I recommend it.
Now I'm not seen as a cryptocurrency investment vehicle; when I say I'm dealing with crypto to someone outside, I'm treated like a drug addict.
They have tarnished the industry, which is why new investors are not coming. The best reconciliation happens with the flourishing of the charts and the crypto regaining its value.
There were many questions about $VET, it's not a coin I have, but it might make sense to expect it to accompany the dinosaur coins while they are walking.
In the short term, it is close to resistance, if it surpasses this level, it is likely to target areas around 0.021$ before the drop on October 10.
If you had seen this post and created a 2M TL portfolio of the suggested altcoins instead of buying a House or a Car, you would currently have 200,000 TL left.