Bitcoin Trades Above $90,000 (Altcoins Trading Strategy)

23 Dis 2024

To be a winner in 2025 you need to a buyer now.

I am going to share a simple trading strategy for the Altcoins market. It can apply also to Bitcoin but for Bitcoin there is need to wait until a support level is established/confirmed.

Good evening my fellow Cryptocurrency trader, merry Christmas in advance.

To be a winner in 2025, a big winner, you need to be a buyer in 2024. The market has to undergo more consolidation before the next bullish wave. This is normal, here is how it works:

First, we had a strong bullish wave. This bullish wave invariable ends in a correction. This correction leads to consolidation and this consolidation leads to a new bullish wave.

When the new bullish wave develops, two months from now, there will be another correction and this correction will be followed by additional growth and a major bull-run. This is a long-term perspective.

You cannot buy when prices are going up or after the action is in. This would limit your potential for big wins.

Here is the strategy simplified: Buy and hold with a waiting time approximating three months. By three months, we are green with 1-level up or 100% profits vs our current entry price. This is a generalization. Some pairs will be at 300% profits while others will be at 20%.

It will take 2-3 months for full green and 4-6 months to close a full successful trade. So we are looking at a time horizon of six months and a half for successful spot traders. You can win 400-600% easily on each pair, if the choice is the correct one.

We had a preview just last month ending this month. A very long consolidation phase between July and October led to massive growth. We saw some pairs quadrupling or more. Even the big projects with billions of dollars worth of market cap grew several levels, which is amazing.

We had a preview in 2023 when everything grew 500%.

We have experience from 2021 when the market produced its previous bullish phase.

We know what is coming;
We know how it all happens;
We can prepare in advance.

Crypto is going up.

We are looking at an awesome opportunity for those who decide to buy and hold.

There are many ways to approach the market. This is just a general strategy and must be adapted to your own capital, trading style, risk tolerance and goals.

This is not financial advice.

You are appreciated.
I welcome your continued support.

Thank you for reading.

Namaste.

25 Dis 2024

Dagangan aktif

A sideways/trading range has been confirmed. $90,000 as a strong level on the weekly timeframe is also confirmed. Bitcoin latest drop recovers with a low of 92.5k. Another shakeout. The market continues strong.

$80,000 is the level to keep in mind if we are looking at Bitcoin on the long-term, monthly. If Bitcoin closes the month above 80,000, the bullish wave remains intact. Closing weekly above 90,000 means ultra-bullish.

When Bitcoin drops, the market sells because it doesn't know what will happen next (uncertainty). When Bitcoin recovers, the market buys expecting higher prices. Now that a range has been established, the market becomes confident and can resume buying in anticipation of additional growth.

When there is a correction due, after the top is in, the market goes down long-term. Since we are seeing a strong recovery after any drop, high buying on any retrace, the market knows we are now sideways. Sideways can last for months but it has been going already for 1.5 months which is a decent amount of time.

The drop on 23-Dec. was higher than 20-Dec. The low 20-Dec. was higher than 5-Dec. The low 5-Dec. was higher than 26-Nov. The low 26-Nov. comes out of the end of a bullish impulse, higher than 17-Nov. We have short-term higher lows and higher highs also. So we are looking at sideways consolidation with a bullish bias.

With Bitcoin sideways the Altcoins can grow. This is confirmed when we see some Altcoins growing 100% in a single day. This never happens in a bear-market. Some pairs are growing more. Real Altcoins. When you see fake Altcoins trending, at the top of the list, this means the market is bearish and set to enter a correction. When real projects are growing really strong, it means the market is confident and the sideways phase has been confirmed. While Bitcoin is sideways the small and medium-sized Altcoins can grow. Many of the big ones will emulate Bitcoin.

Namaste.

28 Dis 2024

Dagangan ditutup: sasaran tercapai

Bullish Altcoins market confirmed. Current price action confirms the resumption of the bullish trend on the Altcoins market. We are talking about all the Altcoins minus the TOP10/20. These top ones will also grow but many are now undergoing consolidation after a small correction that developed after the last advance.

This new "leg-up" that is now unraveling will be some extra-ordinary, something we have not seen since 2021. This will not be the end of the bull-market but will be the biggest bullish action we've seen in four years. Prepare for this and do whatever you can to maximize profits.

Namaste.