A helpful reminder for newcomers to the cryptocurrency space is that the only long-term coins you should be focusing on are $BTC and $ETH.


$BTC: Ultimate zone, bears will not start to deal with it until we break this resistance.


$SOL may be the focus of discussion, but you don’t want to hold a lot of tokens for years. The biggest reason is emission, or investor unlocking.

If you want to hold a token for the long term, you should


a) make sure you like the underlying technology/industry behind it, and

b) Ensure that no more investors unlock/ensure that there is a large supply and high circulation in the market.

If you are buying for the long term, buy old coins.


They usually have a higher supply + all inside investors have sold/sold their tokens. The problem with old tokens is that they are technically poor and have no narrative, but sometimes you can find some great tokens to pivot. See $AIOZ , a current AI gaming and former music platform in 2021.

Now, if you are trading, it's a completely different story. You can find coins that have the biggest gains in the short term (think of coins like TIA or WLD earlier this year), but once early investors start to get their coins, the charts plummet. But these trades are short term, not long term. Get in, sell in 5 months, and get rich. But don't hold them for the long term.



As a reminder, the USDT value of almost every altcoin will increase over the next 6 months.

The question is not ‘Will my tokens increase in value?’

The question should be: “Will my token rally more than the rest of the altcoin market?”


Make an informed choice



 $DOGE

In my opinion, this is still one of the safest trades in this cycle.


$NOT


Here are a few notes:

- The second reaction to the .382 level was good. I don't know if this is a bottom, usually like to see some kind of consolidation. But when things tear apart like this, they don't make a long cut, they tear apart again.


-The breakdown of this level means the .50 fib tap is around $0.017 which in my opinion would be the next bounce area


- Due to volume and liquidity, this is still a perfect option for bottom-fishing trades

-Personally I'm still fairly neutral on this, but just observing, this is a good thing to see


$BUT $ALICE


Gaming projects may start to recover, keep an eye on those that are still active.


$PEOPLE


This is what I'm watching. Hope to see it continue to oscillate around $350-500 for a while to form a solid bottom. This could take weeks, which is the time period for scaling.

Obviously, if the $350 price drops, the price of this product will soon drop below $300. If you want to buy it, the minimum target is $330. Be patient.


$BNB


Slow and steady wins the race, and this thing will be at the top level soon.


$API3


An interesting chart from API3, which recently announced a partnership with DWF. The 1D EMAs are also both trending bullish.

My concern is that I'm not sure what the Oracles are bidding, but $LINK is pretty strong overall. So let's see what happens.


$BLUR 


This space has been trending down over the past few months. I'm still working on it and giving it my all, but I'll admit that this space has lagged far behind many others. I'm guessing this is due to a number of factors; the biggest being that ETH NFTs are pretty much dead right now.

It remains to be determined whether the BTC ecosystem ordinals will replace the ETH ordinals. I think NFTs will eventually return, I just don’t know what it will look like. To be honest, memes are pretty much simplified versions of gambling images/ideas… and there is actually liquidity there.


$ALICE


If trading for a dip, I think a quick trade at .382 and .50 is a good bet. $2.13 and $2.03 are reasonable bid areas in the short term that should provide a bounce.