Marty

Good analysis Style, you're on the same page as me We are in a bear market, no doubt about it. These bitcoin cycles follow a timing band of around 4years, this bull market ended Nov'21. Assuming the cycle repeats, like it has done for the past 12years, the next cycle low is due around the EOY. I'm also eying the weekly 200ma as the bottom, or close to the bottom, like it has been previously. We've got around 6months before the low, assuming history repeats, so i'm not expecting 20k quite yet. i'd rather play the range that btc has been in since the start of last year. 30-60k, i'll break sooner or later but buying at $30k gives a very good risk reward. I think we are at a similar point to the blue arrow on the chart, although not guaranteed, 6red weekly candles and range low means there is good chance a bit of price relief is coming. Global landscape is different this time around though, war, traditional markets looking rough, fed has turned hawkish, so keep stops tight if you're brave enough to trade this Personally, i trade the chop, i'm fairly proficient at it now, but i wouldn't recommend it. Stay in cash, wait until EOY when people are convinced bitcoin is dead again. https://www.tradingview.com/x/KMlCATJu/

Feels like it's more than likely over than it isn't boys, i'm ~ 60/40 % Btc shouldn't have got down into the early 30s again, and it also shouldn't have taken so long, slow bleeds are generally indicative of bear markets. The next month is key, btc needs to continue making higher lows and higher highs. Be very careful 'buying the dip', markets don't like the threat of war and they looked heavy prior to the Russia situation. +$50k and we are reasonably safe for a new all time high, <$38k and we likely see fresh lows. There is no shame in buying in at higher prices, we need confirmation not hopium. One thing i do know, if we are in a bear market, you are going to get absolutely rekt holding alts, if you've not taken profits, plan something just in case. Even if it just a stop loss at your initial entry. It's looking like cash is going to be king this year.

Sort of, exit liquidity is the buy side of the order book. The person you are selling to. Obviously i meant no offence It's just personal opinion that the risks vastly outweigh the rewards with SHIB now. There's nothing to say it doesn't double or a little more from here, the market is pretty crazy after all, it will never 10x from here though. Memecoins have a short lifespan in crypto, a big pump or two and then people end up bagholding them for many years before they see profit again. The marketcap is huge on shib already, twice that of Litecoin, shib might be 'cheap', but there are trillions of the little buggers The higher the marketcap, the more money is needed to flow into that coin/etc to move it. If i was you i'd use some SHIB profits and put them into a promising unpumped low cap coin, for example XSN or maybe Bitgear, there's loads of good ones. The upside on them is waaay greater than what is left on Shib now. It's always wise to move your profits from pumped to unpumped, it's how you make the most gains But if you're intent on holding, once we have a blow off top on bitcoin, and we will, the alts will have one last mega pump, that would be the time to sell. If the previous bear is anything to go by, there will be a flood of graphics cards on the market when the next one hits You're not too late to buy Bitcoin btw, long term(10years+), bitcoin or eth are the best buys out there, the large majority of the rest won't exist anymore.

Don't get greedy sir take out your profits at least, the market cap of shib and doge are already very similar, it won't go to the price of doge per token. Congrats on the gains though

Agree with Style on SHIB, it's up something like 3million percent over the past 12months, buying it now is not a good idea, whilst it could go higher, the risk reward ratio is way too high to even risk it - unless you are a day trader and know how to chart. I've mentioned before about market cap, if you understand market cap you'll understand why it can't drop a few more zeros There's also an early adopter who bought august '20 who has turned his $8k into $5bill, he's actively selling, don't be his exit liquidity. Here ..https://twitter.com/MorningBrew/status/1453445533754855433 It's been a very profitable few months. I got on the SOL train early and flipped NFT projects throughout August and September, that market is too saturated now and i sold the majority of my sol bags over the weekend. All eyes on BTC now chaps, we're entering the final stages of the bullmarket, it'll likely be over by end of Q1 '22 tops, so plan your exit strategy accordingly. We don't want to be bag holding through another bear market

Close enough, hoping for a bounce here or we go mid 30s. https://www.tradingview.com/x/QNaREwT2/

Haha, sorry sir Ma - Moving average, ie the 50ma is the average price of an asset over the past 50candles Bullish / Bullmarket - Numba go up Bearish / Bearmarket - Numba go down Deadcat - Short term price relief in a downtrend (numba go up then back down) FoMo - Fear of missing out. Altcoins - Every other crypto other than bitcoin (alternate coins) Short squeeze - Numba go up to liquidate margin traders that are short (betting that the price goes down) Bitcoin dominance - percentage of total crypto market cap that the market cap of bitcoin holds. Market cap - price of individual coin X amount of coins in existence/circulating - an important metric to consider when buying something. Same with stonks. Stablecoins - A cryptocurrency tied to the dollar value - tether, usdC, Pax, Dai etc. Handy to lock in profits when market is shaky. Been a good week for crypto, even alts have had some price relief, i took some short trades on alts whilst the opportunity was there, a few broke some important downtrends. I'm now back out, Btc is at the top of its range, 10 green candles in a row means we're overdue a pullback, more likely to happen than not. Happy to buy back in on a daily close above the fib / 42.5k. or at previous fib. They do say scared money doesn't make money, and i am a little scared it's better to be safe than sorry i think. See what the monthly and weekly close brings. Fingers crossed this isn't the deadcat. Same chart, added fibs. https://s3.tradingview.com/snapshots/m/MEqrsolH.png A different perspective and another reason to protect capital, we are still in a downtrend.. https://www.tradingview.com/x/32mwAfQY/

I deployed my stablecoins when we closed the daily above the 50ma, easy money tbh. Bullish chart pattern played out, falling wedge, https://www.tradingview.com/x/dMSOT3vg/ , couple of areas of strong resistance above as indicated by red lines. We're at the top of the local range now. This could be the 50% deadcat bounce, that i mentioned earlier, which we get prior to going to new lows, stay cautious. 200ma @ 44k and 48k are possible areas of short squeeze top. Bullish until signs of weakness, a daily close above 46k would be lovely. Bitcoin dominance is still climbing, indicating people are bailing out of alts and into bitcoin, so careful with alts, they can go a lot lower than you expect

Up then down, in no particular order Truth is, it's pretty hard to predict. We're at a pretty pivotal point atm, we don't want to see much lower on a daily/weekly close or we'll revisit the low $20s, if not late teens. Unless you know what you're doing the best move is to sit on the sidelines at the moment and preserve capital, a choppy market like this is when most people end up giving their gains back by trying to catch bottoms. Be a buyer at $20k (previous ath) or above $34k and catch some breakout. Careful with alts too bois Very risky - They are effectively btc on leverage when we're in a downtrend. Like Style says, we've had the death cross, which indicates upwards momentum has ceased for now. Personally not a fan of the death cross as a trading indicator due to the fact that when it happens the majority of the down move has already occurred but it does give an idea of current state. If you want to make it simple, buy when the price is above the 50ma on the daily, sell when it goes below. No charts today as there's 2patterns in play, one bullish one bearish, i think we probably bounce to $31k from here short term. Another interesting observation, when we lose the 50ma on the weekly, like we did this week, we normally regain it within a month and bounce +50% before resuming downtrend, if you're still hodling and that does happen, maybe consider selling ~$40/$45k, you can always buy back a little higher if the trend continues up . Long term, i think chop around all summer, couple of scam wicks to shake out remaining '21 entrants, resume uptrend q3/q4, but opinion might change depending upon price action.

I use 20mm front and back when i have the stock wheels fitted.

Support found on previous weekly close and we've finally broke out the downtrend, a successful retest of fib/breakout and we should continue higher,. Still eying red circle for potential short term top, but there's quite a few resistances in the way, $40k might be tough nut to crack, we'll see what happens as the price action gives more information. I've adjusted my fibs slightly now there's more chart info. If you didn't buy alts y'day when everyone was fearful and selling the bottom then today may not be the best time, most have already bounced 40%+. Alts are only good for v.short term plays atm, btc is safest. https://www.tradingview.com/x/GwBzMqVW/

Something i knocked up for you bulls.. https://charts.cointrader.pro/snapshot/hmLDv

We can have these power consumption arguments forever, the focus has been on china and how some miners are using coal fired power stations, however a lot of these articles you read are intended to FUD, 70% of miners actually use renewables. And then you have the comparisons against other 'assets'; take gold for example, if btc consumes the same power as ireland then gold mining consumes the same power as poland. Not to mention the environmental damage, did you know the production of one gold ring produces 20tonnes of toxic waste? Gold mining has also caused a 6 fold increase in the destruction of the rainforests. Gold is useful though, right? Could make the same argument with bitcoin, a trustless asset, not controlled by any single entity. The banking system uses 5x the energy bitcoin does too, all they do is print money, constant inflation. The bitcoin supply is fixed. Whilst a country may 'ban' the mining or trading of it, bitcoin itself cannot be banned, it's decentralized, that's the point. And the criminals favouring it is a ridiculous notion, fiat currencies are the 'dirtiest' going and always will be, any transaction on the bitcoin network is completely transparent and stored forever on the ledger, not something you'd want if you were up to no good. Anyway, price action. I've also been expecting this since the start of the month, i did say a page back that the price action was eerily similar to jan'18. I don't know where we are going, but the bull market isn't over until a daily close below $27k. I expect a solid dead cat bounce soon, to around $45k. Would be a good spot to exit and then buy back higher if the market confirms bull trend in tact. Personally, i'm still aiming for the end of the year, that's what previous market cycles suggest and history generally repeats, but i am mostly on the sidelines in stables and fiat, day trading only, capital preservation is important when it looks a bit shaky.

We're still in a downtrend as you can see from the chart. https://www.tradingview.com/x/O6zGyxZj/ Technically speaking, anywhere in the the blue area is a good place to buy should you believe the bull market continues, it's full of support areas (dashed lines). Personally i think it's time for a short squeeze soon, the bears have had it too easy as of late, time to liquidate late shorters. The black line with a red circle is critical point for me, it's a long term uptrend, i'd like to see btc retake that. Not a time for alts btw, safest to be in btc. Market dominance was near all time low earlier this week, it's time for btc to reclaim some of that back. As bad as it currently looks, i still think we see $200k by December, not joking - assuming this isn't the end of the bull. I don't think this price action is completely organic, too much fudding going on. I'm short term neutral and mid term bull.

The coming monthly close is an critical one. It's important to stay neutral at this point, it's too easy to get caught up in the bull market euphoria of buy the dip, up only, etc It's better to rebuy 20% higher than it is to hodl 80% lower Heiken ashi candles are good indicator of current trend, look at this and tell me what you see.. https://charts.cointrader.pro/snapshot/FCSSb I'm neutral myself for now, we need some positive momentum over the next 9days or so to save that monthly candle.

We retracted to the 0.618, fibs from the start of the parabola move to first local high, https://www.tradingview.com/x/zrHfygS5/ I'm still on the fence here, ~30% pullbacks in a bull are fairly normal, 50% ones aren't, last time we had one of these was 2013, where we had a short lived bear/sideways for 6months after. Although i still believe in the 4 year cycle, this one ending at the end of the year, recent price action has me concerned, smart play is capital preservation, sell this bounce and buy when the market confirms direction. Not impressed with Elon, his blatant market manipulation has no doubt hurt a lot of people financially, he should know better.

https://s3.tradingview.com/snapshots/z/zr6skiZA.png There's your answer on ETC. It flipped two long term strong resistances to support = moon. Edited to add targets, 2.618 or even 3.618 fib likely.

Dinosaur coin season is upon us Month on, ripple underperforming compared to the others. https://s3.tradingview.com/snapshots/j/JOlZLTcM.png - Ripple https://s3.tradingview.com/snapshots/a/aAALmGnS.png - EOS https://s3.tradingview.com/snapshots/s/Swk5KvAb.png - Dash XLM failed the breakout, but has now, as long as the retest of the breakout holds it should do well. I've adjusted the chart to suit. https://s3.tradingview.com/snapshots/b/blxTamwF.png Simple TA really, plus everything goes up in a bull market which makes it easier. There's plenty of other cryptos that look like this.. Bch for example https://s3.tradingview.com/snapshots/k/kOzRFq5z.png or Qtum - https://s3.tradingview.com/snapshots/4/49rrKA3J.png Not sure on Btc at the moment, i'm kinda getting jan 18 vibes with this alt coin price action I'd like to see Btc print a new all time high just to put my mind at ease Great pump on doge btw, who'd have thought it'd go as nuts as it has. Wouldn't enter it now, even if it does go up more, if you miss the meat of the move just move on to another alt.

That pennant was a bear trap as they call it Was on the fence when i saw it, as everything else said that we'd bottomed for now. Good recovery, sideways for a bit now hopefully, gives alts chance to run. The 50ma on the daily is the next real test, reclaim that and up only again I don't think the top is in either, looking towards the end of the year for that.

Me neither. Try FTX, they're pretty decent. Poor bounce on Btc so far, filling out another bear pennant at the moment, they don't always play out but something to be very mindful of https://www.tradingview.com/x/MQU3pBVz/ Fear and greed index is the lowest it's been for a year btw... https://alternative.me/crypto/fear-and-greed-index/ If btc does get to that target, i wouldn't be too heavy in alts for a small while, it's likely btc regains some of its dominance back for a while.

Personal opinion ofc, but this was priced in as soon as the price broke and then failed to regain the 50ma on the daily, 99ma is normally good for support if it fails. Like so..https://s3.tradingview.com/snapshots/t/TYIztjKE.png Red line 50ma, blue 99ma. Not abnormal in bull market, similar happened in 2017 multiple times, as shown here..https://s3.tradingview.com/snapshots/p/pw2R1BdT.png Once the price broke you could calculate the bottom using standard charting patterns, and fib fans (they're really handy if you're scalping or looking for good entries/exits) Drew the target y'day btw .. https://s3.tradingview.com/snapshots/t/t30obCs8.png If you can catch these btc moves just as they're completing you can get awesome entries on alts, you can make 20-30% in matter of an hour or so. Hard to say whether that was the actual bottom but it is the short term bottom, entirely depends how the price action plays out from here tbh, hasn't bounced as hard as i would've liked but rsi hasn't been this low since sept when btc was @ $10k, so that's one positive. i think it's likely we retest the daily 50ma ~56k, if we fail that then maybe one more flush down towards the long term uptrend line @42kish before moon. See what happens over the next few days.

Invest as much as you're willing to lose is my advice. If you are looking to stick a few hundred in and are willing to risk it all for large gains i'd play the smaller market cap coins, ones with solid fundamentals and good marketing. If you are looking just to possibly double or triple your money, buy btc, eth, dot, bnb, rune, aave, srm, ftt, etc. Don't fall in to the newbie the trap thinking something is 'cheap' dollar wise in comparison to bitcoin so there's way more upside, that's not how it works. It's marketcap that matters, nothing else, use something like coingecko or coinmarketcap to do some research. And don't fomo in to something that's already had a pump, or in the middle of one. Whilst it may work sometimes, it's more than often likely to end badly.

It gives it an initial market cap of circa £73 bill, share price x circulating shares. 21' Q1 revenue of ~$2 bill. Believe it's one of the highest value listings in history. Should be interesting, like you say, lets see what the market decides. I'm 95% certain it'll hit twice initial listing price by the end of the day, then dump tomorrow .

Coinbase floats on the Nasdaq today under the ticker COIN, @ $250 per share. Possibly a volatile day ahead, should the share price go north quickly (i expect it will) btc will likely do similar.

What a crazy few months for alt coins so far! Didn't think we'd see anything like 2017 again but so far so good this year! similar story for me too. I have a bag of verasity i bought early last year, it's currently up 12000%, and i didn't have a small position to start off with i've just sold ~80%, i'll leave the rest just in case it continues. No opinion on ripple and the SEC case, however, that doesn't really matter with a full blown alt season. Attached is my chart with where i'm at with ripple, it's a long term chart and against btc (it's native pair), if ripple breaks that resistance that it's close to, i'll take my barge pole comment back and jump in If it does break and moon, top is potentially something like 600% from here, you're gonna want to sack it off within the month if it does. The ripple super cycles are short lived as you can see from previous ones. There are other old dinosaur coins/tokens that are at a similar point too, Xmr, Dash, Eos, Xlm. When long term resistance is broken you normally get very good gainz btw https://www.tradingview.com/x/FVdk4De8/ - Ripple https://www.tradingview.com/x/76RKoN6O/ - EOS https://www.tradingview.com/x/A7rd5mQb/ - Xlm https://www.tradingview.com/x/KMsk4b6H/ - Dash