Not 2, but 10. Ready? I (Mr.P) will do this Myth Buster series myself.
2 months ago, Report Buyers got it timely and well-deserved. Now it's your turn. Will BUST MYTHS primary that are still applicable after 2 months.
Going to be Exciting series on X... Each Myth must get 50 Reposts so we proceed to next one & I'll also engage in Comments to Shed light on my potentially Controversial Views on Market.
The $ETH $3397 LIMIT Entry with $4200 WIDE Target 1 was shared with the WHOLE COMMUNITY! 🏆
Premium Members, AMA Community, X, and The Telegram Public Channels. Dropped clear hints of highs & lows for free, and even took an $ETH setup in my 10k to 100K Copy Trading Challenge.
We were blessed to be READY before Ethereum's breakout. I held everyone's hand in this trade, and all of you won!
A clean execution that required zero chart watching — just place the limit, set the targets, and let the market do the work. That's what we do inside P Circle
Bitcoin $111k–$113k limit Entry long was given at $118k levels on 30th July, with a tight -3% stop loss with WIDE target 1 at $123k (which i manually closed at $122k)
Sidelined Traders are SHOCKED and Billions Liquidated
In My 10k → 100k Challenge, there was a clear warning: "If $3870 comes on $ETH , then the biggest shock for the sideline audience will be the liquidation of billions at $4K."
This $4K target was projected to hit by the weekend — and it did, sooner than expected. In the same update from 3 days ago, I opened a LONG trade for everyone in the Copy Trade Challenge.
The working theory was simple: $ETH at $4K is a liquidity magnet, and it would come faster than most anticipated.
Let’s rewind further. Weeks ago, I shared an HTF swing trade with everyone, giving the best limit entry at $3397. That trade has now yielded +25%
Small Macro $ETH update on July 26th said: "I genuinely believe the best bearish dip can only be $3100–$3300 zone, if any. I am expecting ETH north of $4K, $4.2K in the not-so-distant future."
However! This may not be the final leg for Ethereum The current structure suggests ETH has yet to fully exhaust the larger move. Momentum remains strong, and any hesitation could still be punished if the second phase of the breakout unfolds as projected.
So tell me — Did you ride this move with us? or were you one of the sidelined Ones?
The Reason Why Everyone, Except P-Circle, Got Into Wrong Shorts on $ETH Near Its $3700 Resistance.
It took me 2+ years to perfect this Theory, but I am sharing it here for FREE so you can avoid the wrong trades and focus more winning.
LET'S LEVEL UP TOGETHER!
Chart Explanation: I have labeled Three Levels in different colors. Let's understand each Level one by one...
1. The Purple Line: Whenever there's a Close at this Line, the price will NOT reverse, at ANY Resistance in between regardless, until it reaches the next Maximum Level, which is...
2. The Green Line: Price is destined to reach this Line after a candle closes near The Purple Line. Though, there is one mid point in between too, acting as a checkpoint to evaluate strength continuation...
3. The Mid Point: It's the bare Minimum Level where the price touches after crossing The Purple Line.
Understood Levels? Moving on to our Practical Chart: Here, I have pointed the arrows and numbered them at each point when the Close happened NEAR The Purple Line, and then Hit The Green Line Successfully. However I executed my Trades not AFTER the closes, but to get best Price for my Premium Members I take then in ANTICIPATION of future closes.. so that is where bias helps too.
See for yourself how each Purple Arrow starts, and then stops minimum directly at The Green Line.
However, if there's a Daily Close above The Purple Line, and the price hasn't reached The Green Line, then it has reached The Middle Point (Our Minimum Level). and then at later stage has still reached the End Target all times.
BONUS: How I found the LONG Entry using The Closing Theory...
First, the price dumped precisely near my Orange Support (we'll discuss it another time), then I used my BIAS, which is a fundamental thing to execute The Closing Theory, and anticipated that the next Close will be Near/Above The Purple Line.
As always, the bias was right, and we closed above The Purple Line.
Now I don't care if the whole world talks about Ethereum's horizontal or diagonal "$3700 Resistance", I won't even think of shorting or take profit on my longs bare minimum until Price reaches The Closing Theory's Green Line. Target, at whichever MUCH simpler angle it comes. This is also what helps in Swing Trading i.e. help you with 'when' to take profits
Horizontal lines are my Favorite, but sometimes they get frontrun or fall short of target but using this technique can help with execution into continuation. Actually once you reach advanced level of practicing it, you'll realise that it helps with not just extension or continuation of Targets but also as another reliable technique of exploring Supports and Resistances. That, for some other time.
AND IT HAPPENED... Not only did we reach The Green Line, but we also regained our Trendline. I'll be optimistic now for higher continuation as I've informed on my Handles that finally this time we could also Surpass beyond the level, but see the goal of Closing Theory has served its purpose.
NOTE: Another ONE of The Many applications of this Theory is also to help you find "WHEN NOT" to trade i.e. Here we used the theory not necessarily to short this 3rd time BUT to use it as an extension of Targets for an ongoing Trade. So you knew Absolutely whatever resistances whatsoever in between were not going to be Profit-taking point. Hence, answered this Confusion people often have of "How to know which support/resistance to execute."
Like any Other Technique, Closing Theory is not applicable all the time, It does not have as many limitations but there are MANY other variables that require over-time perfection sometimes even with trial and error. Such as, yes, The standard approach of finding S/R(s) also works, but this Technique explores its own way of finding where and how to mark a Support or resistance, which fragment to extract, finding the Common Candle Closing points on a pane, justifying r:r, avoiding wrong or faulty candle closes - I mean I have given you relatively easier examples, sometimes you have to switch through timeframes to find out which close was a DEVIATION and hence fake. One of the nicest things about this technique is, it's based on Empirical Evidence, which helps you increase trust and confidence in your own observation as well.
Thank you, everyone who shared their charts & levels earlier in previous post. I love how most of you didn't short, and were aligned with my Bias. I'll keep sharing such content for your learning.
$ETH Nearing $4K - My Wide Target 1 from $3397 Long
Back at $3800 levels No One believed $ETH to visit 3.3k. But YOU P-Circle snipped the bottom Once again! And what a V shaped Recovery we have here - a textbook example of layered conviction backed by structure.
My bullish bias on Ethereum hasn’t changed for months. Through volatility, FUD, and rotation narratives — the message stayed consistent: Do not fade on $ETH . This cycle will have only ONE KING $ETH .
Warned against jumping in early SPOT BUY around $1.5k - $1.6k. My DMs were filled with: “Mr. P, are we even going to see $1,400?”
And look now, $ETH is knocking on $4K. Still strong. Still leading. Still not done 🐂
The 𝕸𝖗. 𝓟 P𝔯𝔢𝔪𝔦𝔲𝔪 Members already read the Macro Report, so they knew what was going to happen in this FOMC.
But I posted this whole update just for you guys.
I have decided that the next Newsletter will have “FED” part revealed. So you know a little more about what 𝕸𝖗. 𝓟 gave in that Macro Report, and what I expect next from the FED.
ProfitCircle Mr P
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FOMC JULY 2025 UPDATE
As Per The Report, I Expect No Rate-cut Today. However, Powell today shall hint an increased possibility of September cut, but he will not hint numerous cuts as He’ll say economy is resilient.
For crypto, that means we’ll overall after this FOMC maintain a bullish Bias, I do not believe cycle top is in, however, immediate short term if there is any shakeout below $BTC $114k - $111k support, it is not anything out of cards, should be long-worthy.
$SPX if experiences similar shakeout then August support shall be $5850, as later markets may continue to rise over wall of worry for the final topping later this year on everything
Also, I expect the September cut to be 50bps and not 25bps. Powell is a systematic guy, I believe he’d cut slightly higher than expected and observe the lag effect but markets will start pricing this in earlier, hence why I believe We could fronton September onwards and top out quickly after.
This is all good for $ETH BTC because Liquidity that flees to safety during wall of worries with optimism is NOT dependent right now on a July Rate cut.
BUT for Altcoins, I continue to maintain my stance that not All Alts will rally alike. We shall see a favorable Alt time but there is so much Garbage that collective Alt-Market as whole should CONTINUE to bleed against Bitcoin until looser monetary Policy such as a 75bps+ cut if not then expansion of balance sheet.
Therefore Garbage Alt Pumps between now And September are Exit Pumps to safer Alts. Garbage Alt can wait the actual Altseason where you may buy higher later if you have to and ride for quick 3-4 weeks the momentum before getting out rather than deciding now “which ones” and taking higher risk against by HODLing safer Alts.
As Per The Report, I Expect No Rate-cut Today. However, Powell today shall hint an increased possibility of September cut, but he will not hint numerous cuts as He’ll say economy is resilient.
For crypto, that means we’ll overall after this FOMC maintain a bullish Bias, I do not believe cycle top is in, however, immediate short term if there is any shakeout below $BTC $114k - $111k support, it is not anything out of cards, should be long-worthy.
$SPX if experiences similar shakeout then August support shall be $5850, as later markets may continue to rise over wall of worry for the final topping later this year on everything
Also, I expect the September cut to be 50bps and not 25bps. Powell is a systematic guy, I believe he’d cut slightly higher than expected and observe the lag effect but markets will start pricing this in earlier, hence why I believe We could fronton September onwards and top out quickly after.
This is all good for $ETH BTC because Liquidity that flees to safety during wall of worries with optimism is NOT dependent right now on a July Rate cut.
BUT for Altcoins, I continue to maintain my stance that not All Alts will rally alike. We shall see a favorable Alt time but there is so much Garbage that collective Alt-Market as whole should CONTINUE to bleed against Bitcoin until looser monetary Policy such as a 75bps+ cut if not then expansion of balance sheet.
Therefore Garbage Alt Pumps between now And September are Exit Pumps to safer Alts. Garbage Alt can wait the actual Altseason where you may buy higher later if you have to and ride for quick 3-4 weeks the momentum before getting out rather than deciding now “which ones” and taking higher risk against by HODLing safer Alts.