We have officially entered Q1 of 2025 and many things in the world may begin to change, starting with crypto.
We will see what effect the crypto markets will suffer with Trump's inauguration at the White House on January 20 and if there will really be confirmation of a Bitcoin strategic reserve
Is Roaring Kitty ready to wage war against Murad for who has the craziest sheep community?😂
But above all, do you know who they are?
The first made people believe to buy $GME to fight against Wall Street. The second makes people believe that buying Memecoins is like becoming part of a family.
Guys, these are financial markets. There are no relationship here. There are no families here.
And you know what? None of us will defeat Wall Street.
Everyone is here to make money. And follow the movements of those who have more money than us.
This world is full of sharks ready to play with your hopes and desires just to pump their bags.
Don't follow the emotions on the financial markets.
Bitcoin is one of the few assets you can buy and forget.
Since it was born, despite the bear market, it has always risen. Always. And it closed 2024 withh the most bullish candle ever. What we will call God's candle
I can't tell you when, but surely there will be a new bear market, there will be a new price drops and those will be the best times to buy.
And when time comes, if you are in doubt, if you are afraid, look at this chart.
It's hard to understand what Ethereum is doing, right? Well, It's not like that if you zoom out
On the monthly chart we can see how $ETH has created a large range between the 0.382 and 0.786 Fibonacci. The demand zone between $2500 and $2100 is holding up well.
Many thinks that Ethereum is dead because it has not made explosive movements like many other Alts (bullish movements that have mostly already been eaten down now), but if you look closely this looks like a healthy chart.
With his huge market cap it's more difficult to raise the price and in recents months Solana has stolen the show thanks to lower fees and memecoins.
But if you are careful you will see that - inflows on $ETH ETF spot are growing - several NFT collections on Ethereum are coming back to life - many influencers are starting to say that 2025 will be the year of $ETH (this does not mean anything in itself but we can only use it as an indicator of where they want to bring the mass) - $ETH chart is not bad
I hope that this 2025 can make all of you achieve the goals you want to achieve.
Find the strength and courage to know yourself and learn from your mistakes.
Because yes, without making mistakes there is no improvement. Whether you like it or not, making mistakes is right, it's healthy, it's normal. And we must understand and overcome our mistakes to become better people and better traders.
The price did nothing but fall after the 2021 bull market without having signs of recovery.
The upward movements it had were all manipulative movements used by whales to take liquidity from key levels such as -market imbalance -order blocks -side liquidity
How do you understand that they were all manipulative movements and not movements of a healthy token? From 2 things:
1. They didn't change the structure. There was no change in the directionality of the price.
2. They leave candles with big shadows
We can also notice how this token did not move along with the rest of the market when Bitcoin and many Alts began to pump following the ETF narrative on Bitcoin started by the fake news of the approval in October 2023. '
This is the kind of stuff that you can find and ask me if you follow me on X
Do you see the differences? On the one hand we have the traditional system, represented in this image by the G7.
It is not a recent photo as you can see, the most attentive of you will have recognized for example Boris Johnson (former UK premier) or Mario Draghi (former Italian premier and former president of the ECB).
On the other hand we have a set of processors that mine Bitcoin.
The specifications are not important here, I'm not an expert in bitcoin mining either. The importance is knowing how to choose your own destiny. As much as I think that each individual can choose which weapons to fight their future but not be completely the architect of their own destiny, as life is made up of a complex set of events even beyond our control and those who think they are the master of their own destiny will soon incur errors (read the book 'The Children of Hurin' by Tolkien and you will understand much more).
So choose how to deal with your destiny, choose what you think is best for you and for the people you love. Because yes, money in the society we live in makes a difference.
Having or not having money means having or not having the financial freedom to change jobs and finding something better, it means being able to raise your children better, it means not surviving but living, it means being able to help your family, it means affording to buy the food you want, the house you want, the car you want.
In some countries, having money also means being able to afford medical treatment. So yes, choose what you think is fairer and safer for you. You can't stop Bitcoin, it will always be used more and more widely. And since it was born it grow despite the bear markets. Bitcoin is scarce, it is defined at 21 million, it is free from political and economic barriers, it is a 24/7 open market. Fiat currencies are unlimited, they suffer inflation, they suffer the political and economic choices of their countries. But above all,Bitcoins you have on your Wallet are yours, you don't have to ask anyone to use it.
Are you sure the money you have in the bank is really yours?
Do you want to become a good trader? Do you want to become skilled in the financial markets? So get ready to face the most difficult challenges you've ever faced.
Becoming a profitable trader requires a lot of time and above all many sacrifices and effort. You know that saying 'trading is 10% technical and 90% mind' ? It's all true.
You can study all the technical strategies in the world but if you haven't learned to face yourself, if you haven't learned to know your mind and manage emotions, it won't help you.
And do you know what the secret is to learning to know yourself? To make a mistake
Make mistakes and get up after every mistake aware of the fact that everything is needed to learn. You never really make mistakes until you learn the lesson. Make mistakes and learn to feel how your mind reacts to that mistake.
Be wrong and try to understand what kind of person you are. Are you scared? Are you angry? Are you sad? Have you lost hope? Do you want to quit? After emotions like these, it could seem like you haven't achieved anything. And instead you're wrong. This is where you get to know yourself and understand how you're reacting.
And once you know how you are reacting you can change this behavior. You can learn how to manage it.
And here comes the difficult.
It's not easy to learn how to manage your emotions. But it's essential to do it.
Personally I think we are already at a good level to buy DOGE (not financial advice). But in my opinion the bottom of this retracement may not have arrived yet.
Surely by closing the weekly FVG and touching the 0.62 Fibonacci level we have reached an excellent retracement level.
This means that the price could lateralize for some time here before going up again and not going down more than it did last week. But the sell momentum was very strong and we did not precisley retest the structure, leaving a very high imbalance.
This makes me think it could still go down a little
The price reacted well to the 50% of the Order Block What we can see now is:
- the price reacts upwards from where we are now (maybe after some weeks of consolidation) - the price can break down the order block to go get liquidity on that big area of imbalance that we see in the weekly chart
For who don't know TOTAL 3 shows the market cap of all the Altcoins and stable coins excluding BTC and ETH
So it mainly shows us the strength that Altcoins are taking despite the market cap of the stable coin (USDT,USDC..) Later I'll show you a chart where the market cap of the stable coins is excluded.
As you can see since the last low was formed that allowed me to trace the lowest point of the Fibonacci Retracement (level 0 = 463.81 B), the market cap's level respected all the subsequent Fibonacci levels going to react precisely on the 1.414 level thus exceeding 1 trillion market cap.
What I expect now is a return to 0.786 Fibonacci or even 0.618 Fibonacci to then be able to go back to see a recovery of the market cap and then see the Altcoins reach new higher price levels again.
Let's wait to see what happens in the next few weeks
May it be a Christmas full of happiness and awareness. Awareness of the path as a trader and/or investor you are traveling.
May it be a day where you can get your head off the charts and dedicate yourself to your family or your passions.
The market can wait. This is also awareness.
Knowing when is the right time to operate and when is the right time to enjoy life and loved ones. The markets will always be here waiting for you.
And if you have a moment of free time, stop and contemplate the beauty of your life. Because everyone has beauty in their life. Everyone has a reason to be happy and to be grateful for. Don't be overwhelmed by negative thoughts and sadness.
Do you want to change your life? Well, already knowing what you want to do is a great act of awareness and already a reason to be happy because you know what you have to change in your life to achieve your goal.
And if you follow me you know that I always try to give you ideas and interesting news to help you on this path.
I'm planning a lot of new things to bring you here for the new year. A new more detailed and focused programming not only on the news and my thoughts on it, but also on an operational part of trading and investments that we can follow together. For those who want to take action.
In the meantime, enjoy Christmas and the last days of this 2024.
Risk is what everything revolves around in investments.
Risk management is the most important part not only in defining an operational strategy,
Whether it is very short-term such as scalping,
Or that it is medium or long term, such as swing/positioning trade or investments lasting years.
Risk management is also an important part of our psychology.
What is our risk appetite?
Basically, if the trading operation we have run goes wrong, how much are we willing to lose?
What is the percentage of capital we want to allocate to a given operation?
Obviously there is no general answer to these questions, because everything is based on our mentality, on our psychology, on how much we are willing to put at risk, on how well we sleep at night knowing that we have a more or less high % of risk on the market.
Finding your % of risk depending on the type of operations we want to do is the key on the financial markets.
And how is this one?
Studying, Gaining experience in the market, Knowing yourself, Learning about your risk appetite.
Do you know who really understood and appreciated Bitcoin?
Those who already adopted it and talked about it with conviction years ago, when its price was a few tens of dollars and a few hundred dollars.
Now it is easy to preach it because it has become much more expensive, it has become more and more in the attention of the media and the masses.
TV talk about it, the news talk about it, comedians talk about it, public figures who have nothing to do with crypto talk about it.
For better or for worse, you hear about it more and more often over the years.
But 10 years ago is more, the situation was very different.
Then you had to be much more convinced and on the piece, because you were really part of a 'niche'.
You were really part of a movement that firmly believed in something that was mocked by everything and everyone.
Not like now where we have BlackRock advertising on it.
Don't get me wrong, mass adoption is good and we'll want to get to this for years.
But it is thanks to those who firmly believed in Bitcoin when it was worth little and were not considered by those who rely on the markets if we are here today.
Professional traders have learned to manage emotions and know the market dynamics. Sometimes the best thing is to do nothing but the masses will always follow FUD and FOMO
Budello infame
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Bullish
This is clear to professional traders, but the masses follow emotions and do not think, they only act.
Many think this is bearish news for the market. Many think that the FED does not want to buy Bitcoin. But the truth is quite different.
The FED cannot buy Bitcoin.
As stated by Jerome Powell, president of the FED, the institution is not authorized to own Bitcoin and is not considering legal changes in this regard.
This was also reiterated in various posts on X where it is emphasized that the FED does not have the mandate or the legal capacity to hold cryptocurrencies such as Bitcoin.
This does not mean that the USA will not be able to buy Bitcoin. They are different things. The USA through the Treasury can hold Bitcoin and Trump has repeatedly stated that the Bitcoin reserve strategy will proceed.