Alt-coin market preparing for a 10x move
Amazingly everyone is still bearish. The ideas on Tradingview talk for a 30-40% correction as does much of social media. Popular cypto Youtube channels share a similar narrative. Terrific stuff.
As a contrarian my opinion is very different from the crowd. Whether that be stocks or crypto. Am certainly walking in the opposite direction from everyone else.
The above 4-day is chart is the Crypto market total without Bitcoin. Some highlights:
1) Price action has broken out of a 2-year resistance trend line.
2) The resistance has now confirmed as support.
3) The green line. This is the GRM. The Golden Ratio Multiplier. When price action closes candle bodies above here, big moves will follow. Just as candle bodies first closed under the GRM back in April 2022. Look left. Big moves come next.
5) The 10x comes from the the wedge breakout. The flag pole is used to measure the market top following a break of past resistance when the 2021 bull market began.
A word of warning. The uptrend will not be equal across all alt-tokens, I'm quite certain of that. Throwing a wide net out across the market will not work as in 2017, you've got to be selective. Chose wisely!
Is it possible the market corrects further? Sure.
Is it probable? No.
Don’t you just love recessions?
Ww
As a contrarian my opinion is very different from the crowd. Whether that be stocks or crypto. Am certainly walking in the opposite direction from everyone else.
The above 4-day is chart is the Crypto market total without Bitcoin. Some highlights:
1) Price action has broken out of a 2-year resistance trend line.
2) The resistance has now confirmed as support.
3) The green line. This is the GRM. The Golden Ratio Multiplier. When price action closes candle bodies above here, big moves will follow. Just as candle bodies first closed under the GRM back in April 2022. Look left. Big moves come next.
5) The 10x comes from the the wedge breakout. The flag pole is used to measure the market top following a break of past resistance when the 2021 bull market began.
A word of warning. The uptrend will not be equal across all alt-tokens, I'm quite certain of that. Throwing a wide net out across the market will not work as in 2017, you've got to be selective. Chose wisely!
Is it possible the market corrects further? Sure.
Is it probable? No.
Don’t you just love recessions?
Ww
Comment:
You must be noticing the effect of candle bodies closing above this line. It is that important. Remember, this has not happened for 3 years.
Comment:
Something just happened on BTC.D (Dominance), do you what it was?
Trade active:
The market is about to enter a 'Disbelief' phase. This occurs as market makers move in a direction against the prevailing sentiment. i.e recession, crash, bank failures, no has money..
Then the cries follow of those who sold at rock bottom, manipulation!
Finally the self loathing, confusion, befuddlement, and the bafflingly longevity of LinkedIn...
Once the euphoria has returned, exit the market. Will say elsewhere as to what to exit into, it is becoming glaringly obvious.
Then the cries follow of those who sold at rock bottom, manipulation!
Finally the self loathing, confusion, befuddlement, and the bafflingly longevity of LinkedIn...
Once the euphoria has returned, exit the market. Will say elsewhere as to what to exit into, it is becoming glaringly obvious.
Comment:
There around 24 tokens in the entire market that are printing "GRM" support. Not much else is at this time.
Trade active:
This trade is active.. however it is odd. Odd in that unlike previous alt-token runs where the entire market majority enjoyed outsized returns it remains my impression this run will only be for a handful at best. Specifically those under the $500m market cap area. Anything above that, such as your ADA, LINK, MATIC, SOL, etc.. they are in downtrends with no buy signals. The others however…
WRX, under $500m MC
ADA, well over 1B MC
WRX, under $500m MC
ADA, well over 1B MC
Trade active:
Welcome to alt-season.
Comment:
Is extraordinary the number of messages challenging this idea. Only strengthens my conviction. Is worth remembering the majority of the market will miss out, using a fundamental discourse to support their point of view. I encourage you to ignore the social media. You want to make money, that's all. If it is entertainment you want, switch on the Youtube. The next 6 to 18 months will be amazing for the alt-token market in the coming melt-up, against the majority expectation.
A word of warning. WW does not share strategy publicly. Furthermore WW has no position in the majority of those ideas published. I tell you that to tell you this... many folks who take a position in the idea published and wait for a target whilst ignoring at 70% return in days (Pepe is a good example) are frustrated with corrections after such gains and no target. The complaints pour in, like they've bought a service demanding a refund ;-)), honestly the piffle I tolerate. I'll burn myself out answering all. Folks, get a strategy! Have a plan. It is not acceptable or reasonable to expect outsized returns with an invest/trade and target plan. It doesn't work. You think Warren Buffet sits on his investments waiting for a target?
2nd word of warning. Not all alt-tokens shall fair equally in this coming cycle. My expectation is a number of tokens in the top 50 will not be there next year. That includes Litecoin, as an example. So chose carefully.
A word of warning. WW does not share strategy publicly. Furthermore WW has no position in the majority of those ideas published. I tell you that to tell you this... many folks who take a position in the idea published and wait for a target whilst ignoring at 70% return in days (Pepe is a good example) are frustrated with corrections after such gains and no target. The complaints pour in, like they've bought a service demanding a refund ;-)), honestly the piffle I tolerate. I'll burn myself out answering all. Folks, get a strategy! Have a plan. It is not acceptable or reasonable to expect outsized returns with an invest/trade and target plan. It doesn't work. You think Warren Buffet sits on his investments waiting for a target?
2nd word of warning. Not all alt-tokens shall fair equally in this coming cycle. My expectation is a number of tokens in the top 50 will not be there next year. That includes Litecoin, as an example. So chose carefully.
Trade active
Comment:
Comment:
The base was a little lower than expected. Make a note to yourself, once T2 hits $2.5 to 2.7 trillion, be bearish.
Comment:
There are more than a handful of messages received by yours truly telling me the market top is in. A great many more telling me cash is now the best option, wait for the correction.
Don’t know what to tell them. This rally is certainly becoming one of the most hated. This also goes for the Stock market.
TOTAL2 has seen a 70% increase / $300 billion dollar move since the bottom. The wedge has confirmed. Similar with TOTAL3.
Latterly there are many many folks suggesting ADA, XRP,
LTC (finishes the year at the same price it started!),
MATIC (Finishes the year lower), ETH they said, those will be the big gainers. In the original text of this idea it was said:
“A word of warning. The uptrend will not be equal across all alt-tokens, I'm quite certain of that. Throwing a wide net out across the market will not work as in 2017, you've got to be selective. Chose wisely!”
This is certainly becoming fact rather than speculation. There are countless examples. It remains my conviction there are only going to be a handful of alt-tokens that cause TOTAL2 and TOTAL3 to reach their targets. And it will not be the big market caps that cause that.
AUCTION
GAS
ICP
TOTAL2
TOTAL3
Don’t know what to tell them. This rally is certainly becoming one of the most hated. This also goes for the Stock market.
TOTAL2 has seen a 70% increase / $300 billion dollar move since the bottom. The wedge has confirmed. Similar with TOTAL3.
Latterly there are many many folks suggesting ADA, XRP,
LTC (finishes the year at the same price it started!),
MATIC (Finishes the year lower), ETH they said, those will be the big gainers. In the original text of this idea it was said:
“A word of warning. The uptrend will not be equal across all alt-tokens, I'm quite certain of that. Throwing a wide net out across the market will not work as in 2017, you've got to be selective. Chose wisely!”
This is certainly becoming fact rather than speculation. There are countless examples. It remains my conviction there are only going to be a handful of alt-tokens that cause TOTAL2 and TOTAL3 to reach their targets. And it will not be the big market caps that cause that.
AUCTION
GAS
ICP
TOTAL2
TOTAL3
Trade active:
Something has just printed on the chart that has not happened since June 2020 and before that, May 2016!!
Do you know what it is?
Will share elsewhere. Then I’ll take some much needed sleep!
PS: The last "Trade active" was November 1st, market has done okay wouldn't you say. That was the Vorspeisen, jetzt kommt die Hauptspeise ;-)
Do you know what it is?
Will share elsewhere. Then I’ll take some much needed sleep!
PS: The last "Trade active" was November 1st, market has done okay wouldn't you say. That was the Vorspeisen, jetzt kommt die Hauptspeise ;-)
Trade active:
A tsunami of messages today... can't pretend to answer them all, however there is a common theme, which can be answered with this one 2-day chart below. Many of the messages are regarding alt token positions. While some are indeed overbought, the majority are on discount.
The majority have now corrected between 20-30% from the local top a week or two ago.
We're in a bull market. 20-30% corrections were not uncommon in previous bull markets. Looking left it is clear, those opportunities only come along 2 or 3 times during the assent. I know it is difficult to act during those moments, but.. when there's blood on the streets, go shopping.
The majority have now corrected between 20-30% from the local top a week or two ago.
We're in a bull market. 20-30% corrections were not uncommon in previous bull markets. Looking left it is clear, those opportunities only come along 2 or 3 times during the assent. I know it is difficult to act during those moments, but.. when there's blood on the streets, go shopping.
Trade active:
If you're concerned about your alt-token positions, no need.
The market just went through a panic event where a majority who use emotions to make decisions needed to "sell at any price".
The time has now passed.
The market just went through a panic event where a majority who use emotions to make decisions needed to "sell at any price".
The time has now passed.
Comment:
Correction almost over...
Trade active:
This is an excellent moment to enter to existing alt token positions. (But not overbought ones, of which there are plenty).
Why?
While it is expected Bitcoin price action continues to correct to the 61k area until the beginning of next month (explained why somewhere else), the difference between 61k and current price action is nonsensical. 2k dollars at best. This is a trading range, not a short opportunity.
However if we look at the BTC.shorts chart we can see Short sellers have heavily increased their positions almost 100% and over the last 72hrs alone. They are betting on armageddon.
Last 3 days, shorts sellers add to existing positions.
Now back to, why is it a good moment to add to existing positions?
Selecting a token at random, Metal (MTL), currently in 70% correction from as recently as March 6th. Yes, there is a buyer out there somewhere who purchased this token at 3.86 and ate a 70% correction for pudding. Right now there is a seller out there today at 1.70. Emotions are an absolute money killer. Yet if you zoom out to the weekly you will notice like with most alt token positions price action is on support from past resistance. Want to learn how I do this? If you look you'll know, and if don't you'll won't!
MTL weekly.
Why?
While it is expected Bitcoin price action continues to correct to the 61k area until the beginning of next month (explained why somewhere else), the difference between 61k and current price action is nonsensical. 2k dollars at best. This is a trading range, not a short opportunity.
However if we look at the BTC.shorts chart we can see Short sellers have heavily increased their positions almost 100% and over the last 72hrs alone. They are betting on armageddon.
Last 3 days, shorts sellers add to existing positions.
Now back to, why is it a good moment to add to existing positions?
Selecting a token at random, Metal (MTL), currently in 70% correction from as recently as March 6th. Yes, there is a buyer out there somewhere who purchased this token at 3.86 and ate a 70% correction for pudding. Right now there is a seller out there today at 1.70. Emotions are an absolute money killer. Yet if you zoom out to the weekly you will notice like with most alt token positions price action is on support from past resistance. Want to learn how I do this? If you look you'll know, and if don't you'll won't!
MTL weekly.
BTC
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Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR