#BeginnerTrader , please 🙏. It is really painful to read how you are losing your money by listening to other people. In most cases those people are not even a scammers, often they are misguided as well.
Do not even take financial advice from me. After reading any of my articles, go and research topic further and make your own conclusions.
$BTC can go further down short term, but it is unlikely to close year below 100k. I resumed my Bitcoin DCA, which I previously stopped when it broke above 100k.
Quinn Angelia Pullens
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$BTC will likely hold 100k this year and even next year. So it is almost safe to just buy it if it briefly goes below it. I think.
Of course spot. Future traders will be liquidated long and short as always 😁. Except of course insiders.
However, regarding other major coins there is no clue about levels. $ETH maybe 2800-3200.
Most of small coins will be dumped, but there is a chance of fake “alt season” in December. Something resembling alt season may occur late next year.
I don’t recomend buying anything until this year ends, except probably top 10 top 20 after careful analysis.
There is no such things as 4 years cycle any more. And halvings will never have such a major effect.
Since institutions entered crypto, major crypto currencies will follow global liquidity cycle. And minor coins will be used to rob retail traders.
And global markets are still in the up trend. So bull market is not over, but it will not be as profitable as previous ones.
$ETH @ 3200. I said multiple times 3200 was inevitable. I also mentioned 2800 cautiously - was not sure. But now it seems very possible. Anyway for me it does not make sense to buy more above 2800. Maybe only in CM delivery futures.
Of course it will come back and create mew ATH during next 12 month or so.
Brokers usually refer to big “dumb” money as whales. If you’ve been told to track “whales” activity you’ve been fooled. “Whales” are same as you just with few more zeroes. Well in illiquid market even dumb-money whale can move the price with their zeroes. But you shold not trade illiquid tokens anyway.
We want to follow “smart” money, and trade with them not against them. It is actually not that hard. Most of their moves are visible on the charts, just not in a way usual “technical analysis” teaches you.
Smart money trade large volume. And noticing this volume is trickiest part. Crypto is being traded on multiple CEXes and DEXes, and there is no one single chatt which can show us total volume across all of them.
Decent proxy for volume could actually be volume reported on futures symbols. Because of authomatic (almost instant) arbitrage, futures chart is sort of reporting to us volume from all other exchanges indirectly.
Also they need to spread their volume in time - this is where “accumulation” and “distribution” phases come from.
Everything else is a textbook.
To trade like smart money you rarely need more than: * monthly/weekly/daily lines * 200/50-day moving average * vwap * trendlines
The only chart pattern which actually works more than 50% of the time is head and shoulders on daily timeframe at the top/bottom of the big. move. And sometimes - cup/handle - also on daily.
You ask how to trade intraday? Don’t trade anything lower than daily timeframe. On smaller timeframes you trade agains algorithms and at best you have 50/50% chance. So it is indistinguishable from gambling.
Trade only blue chips and top-N. “Penny-stocks”, small cap tokens, is the way to rob you. Want some thrill? Allocate small amount of capital to thrill and trade small-caps on any time frame you want, just don’t expect it to provide better results than gambling.
Of course, most profitable is insider trading 🤣 If you are insiders trader, this article is not for you.
But actually, for spot holding especially, accumulating $SOL can be even better idea. Based on last 1000 days price data it shows better risk adjusted returns in top-5 family.
I’m just hesitating right now since charts look unstable and market can dump any time. And if it reverses, it will come back to 200d MA or at least to 50d MA again anyway 🤣
Quinn Angelia Pullens
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It is fascinating how perfectly $ETH is bouncing from 200-day MA.
In principle it may be a good idea to start buying slowly. I would…, but I hold quite a lot of #ETH🔥🔥🔥🔥🔥🔥 already and my cost basis is around 2500. If it goes below 3k I will probably buy a bit more.
but keep in ming it can go lower than that - most of crypto is below their 200d MA and are not showing signs of breaking above it any time soon.
It is fascinating how perfectly $ETH is bouncing from 200-day MA.
In principle it may be a good idea to start buying slowly. I would…, but I hold quite a lot of #ETH🔥🔥🔥🔥🔥🔥 already and my cost basis is around 2500. If it goes below 3k I will probably buy a bit more.
but keep in ming it can go lower than that - most of crypto is below their 200d MA and are not showing signs of breaking above it any time soon.
Quinn Angelia Pullens
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$ETH I told you 200-MA was coming. But there is a risk for it to go below it.
Before you jump into highly leveraged futures trading, think about this again.
5x-6.5x in the period of 1000 days is 80%-98% annual or 5%-6% compounded monthly.
In other words if your trading strategy does not produce 5-6% every single month (no exception, every month closing green) you’d better buy top-5 or top-N portfolio and just do nothing 🤣