On August 20th, 2020 — five years ago — this amazing project was born. It reached its ATH on November 4th, 2021, hitting an impressive $55.00 USDT.
Since then, it's been a bumpy ride. And today? It's at $3.17, down more than 7%. With the current global uncertainty, I don’t see it rebounding to a decent level anytime soon to consider it a reversal. So here we go — likely heading below $2.69 USDT, its all-time low.
I don’t hold DOT, by the way. But the project is promising.
Market traders need to start valuing projects through foundational analysis. They must realize that the biggest shitcoin in the world is actually BTC. Yep — the one everyone’s buying does nothing but support token trading. No real project, no future, no vision. Just a giant array of wallet hashes and balances.
Meanwhile, projects like Polkadot — with a solid and promising Web3 strategy — keep getting ignored.
I just hope I live long enough to witness a full cultural shift in the crypto space.
Continuing my last posts related with $BTC, we are now experiencing the best liquidity accumulation that will create a cushion for the next weeks. The liquidation levels around 88K were cleaned, and there is now very calm waters for BTC on a range between 85K - 95K (even if its below 88K support on the 1D candle)
If Thursday we have good news from the US GDP rate, at least to be kept at 2.3%, we will get a bullish BTC that will help the alts to recover. I am confident at least it will be kept because it was in the middle of the elections where Trump won, so the economy was bullish.
Any breakout until Thursday will be condemn to failure. So, don't get long-crazy.
Pay attention to the 85K level. If it breaks the support we might see BTC is a lovely buy-zone of 75K, that's the lowest low I am expecting, and I will definitely spot there!
Crypto Market Cap continues to be erased since 25th Jan. Less market cap, means less crypto trading investment, so forget about that altseason that everybody is waiting for.
Without a strong bullish trend on Marketcap putting us back to the 3.50T then $BTC will continue to dominate the market since traders will continue to lose hope on the alts.
And we are not expecting good economical news for this quarter, while we all hold our breath for what's going on Trump's mind to apply more tariffs to EU, or other countries, if he just gets a bad day.
$BTC is on a bubble at the moment. Ready to explode, but not up. Down.
We lost a BEAUTIFUL opportunity to crash BTC to 80K so that liquidity sweep could finallly create a consistent growth for another ATH.
But no, it leveled at 91K. still too high!
We need to wait for the crash-replica hopefully now with a less volatility on the alts, and get that BTC down to 80K.
Then the fun starts. A possible not-as-2021-but-still-somerthing-better-than-nothing bullrun, will make us smile until April, before another long-lasting crypto winter starts.
Last night was historical. For good or bad, for some of us.
The FnG index continues to get lower and lower, now around 44, which means the market is uncertain. The liquidation amount was inance: around 2.1 billion, with a single LONG liquidation worth of 25.64 million.
Market will slowly recover, but we are not in safe waters yet. There is no liquidity injection at the moment from the traders and whales, enough to push $BTC BTC up, so, it will range a bit until we humans forget about what that Trump a**h**le decided to decree this weekend.
Your friend now is caution. Don't trade thinking "the worst is over, lets get on the train with those Longs!", we might not have seen the end of it.
Personally, while BTC doesn't go into the 8xK range then we don't sweep enough to get enough clean liquidity for the pump.
Finally, a lot of people got liquidated because of high leverage. My porfolio is 6 positions, 3.25% each, 20x leverage max, but I use 4 limit orders to ladder each position entry. So, I just use 1/32 on the market order of that 3.25%.
I wasn't liquidated, but I still got a margin ratio of 4.1% on the worst case scenario.
Future doesn't look bright if you're trading Longs.
My thoughts:
Deepseek impact will continue for a couple of days, continuing to have still a residual price pressure and keeping trade volatility high.
Looks like Fed is not going to cut interest rates, so no changes of having optimism on the market.
$BTC is losing support, meaning selling pressure will continue. We will still see some small bull traps but I guess nothing will change much for better until next week.
Why? Just read an article that said there are 36.7 million altcoins now, compared with some thousands on the last altcoin season in 2018 (where I actually lost all my money on LUNA)
Don't trade for what might come. Keep your take-profits tight, and even on unplanned bull runs don't get on it like if "now it's the moment!"
Market continues to oscillate a lot, people are nervous, and the future on crypto, even with Trump betting (let's see!) on it, will take time to react.
As I said on my last post, we are now entering the "pump zone" of BTC.
You can notice that on the daily candle, the pump was high but the total volume didn't peak, meaning it's a pump factored by mostly buy orders, but not being challenged by the bears. If these buyers see a relative price drop they will decide to sell in profit and then you'll see a drastical dump on the price.
If you're on spot don't worry, but on Futures I am more shortist than bulish in the short term now, expecting a dump around mid week, before the weekend to consolidate liquidity.
Closed all my 6 short positions on profit and now will wait to get back after the Trump innauguration.
It's not possible to predict what's going to happen, but my guess is market will temporary pump and then dump hard hours later.
I hope the market stabilizes a bit after. It's been a rollercoaster the last months. If the market stabilizes, the bull run will start. If not, then expect a very rough year with more loses than profits.
$BTC will continue to be choppy at least until the end of this month. The bears are having the hand nowadays although they can't also force BTC to go much lower than 95K.
I am feeling the market is just waiting for the right conditions to explode the bull run, and because of the very low volume we are having now it can happen anytime soon.
Problem is it will not be a consolidated bull run because there wasn't liquidity created before. The makers want to make quick money. So it will climb and fall very fast, very reactive.
Pay attention to your trades. Don't risk too much capital, and leave a good chunk of collateral, at least 70% of your portfolio to avoid liquidations.
There is not an easy way to make sustainable profits nowadays. Go easy on your trades 🙏
Not feeling the bullish sentiment that I see on lots of people. Let me tell you why:
1. BTC dominance continues super high at 58% today. Doesn't look it will descend in a near future.
2. Total Market Cap at 3.36T, after falling more than 10B on the last days, without signs of recovery.
3. The "Trump" effect starts to fade away. Any directives he would like to implement for crypto will take time because he might have been overly ambitious.
4. There is a lot of FOMO and FUD nowadays. Spikes everyday, with super high price volatilities on $BTC and on the alts. Lots of anxiety for people to quickly secure profits or dump on the first signs of losing.