Trader, Certified Technical Analyst since Jan 2015. Called the market Tops and Bottom publicly since 2019. Am here to help. Follow me on Twitter @Cryptorphic
Bitcoin’s path to $100K and even $135k is, in my opinion, inevitable. To make the most of it, you need to keep USDT in reserve. I personally maintain a 20% reserve, consistently taking profits from my leverage trades and setting aside the rest to buy the dips. Eight years ago, I did the opposite, and those lessons were costly. I hope you don’t make the same mistakes. BTC will experience corrections as part of healthier rallies, and you can’t afford to be wiped out during these moves.
Altcoins will see even larger pullbacks, which I consider “free money.” Just keep a USDT reserve, take profits from your scalps, and reinvest in your swing trades.
Hold your spot positions! Remember, there are always liquidation engines targeting over-leveraged traders. Your goal should be to secure profits while staying spot long on BTC and holding mid-term positions.
If this post helps you in, anyway, give it a retweet or like 👍.
#WIF🔥🔥 is up 17% since yesterday's post, and it's just getting started for another 100% rally. In this market, waiting for the perfect dips may not be realistic. If you're swing trading, hold onto your positions for gains of 100%- 300%. A 20% to 30% move for scalpers is solid, don't overlook it. Always ensure your stop losses are in place, no matter what, and take advantage of dips to add more to your position
Manta is trading at a long-term resistance of $0.72, and I’m anticipating a breakout. While there’s a slim chance of a retest around $0.60 in the coming days, once we see a confirmed breakout and a successful retest, the potential upside could take us to $4.
Regardless of who wins, #Bitcoin will likely reach a new ATH by the end of 2024. Altcoins will likely follow later. IMHO, alts are already heavily discounted. Even if BTC dominance rises and alts take another dip, it’s wiser to DCA into the weaker ones instead of selling near their high-timeframe lows.
Think twice before hitting that sell button. The next 6-8 months could be legendary. It won’t be easy, but the rewards will be worth it.
#BITCOIN UPDATE:-
BTC looks solid for now. There’s still a possibility for BTC to hit the 60K level if Kamala wins; it’s not certain, but it’s a topic circulating in the crypto space. This could act as a short-term downside catalyst, with bulls likely stepping in quickly, leaving a long wick below the resistance turned support.
A retest is underway on the daily, weekly, and monthly charts! I’m anticipating BTC to reach between 82K and 95K by the end of the year.
That’s a tough doji there. The breakout was impressive, but sellers stepped in, and volume has dropped in the high 70k range. There's a liquidity zone around $66,300, which also aligns with a lower support level.
Price may consolidate around this level, giving altcoins room for a short-term rally on Monday and Tuesday. Unless we break that $71378 in LTF and LTF , these pumps can fail to sustain.
With US election week ahead, expect market indecision. Play it safe, if you’re new to the market, it’s best to avoid futures trades this week.
Wait for the event to pass if you value your capital. dyor, nfa.
That's all for now. Cheers
Do hit the like button if you like it and sharer your views in the comment section.
Bitcoin Dominance is currently around 60.51%, keeping BTC in the 68k–70k range while altcoins drop 20-40% from recent highs. This pattern is common in bull runs, as rising BTC dominance typically pulls altcoins down. In my experience, a rejection zone between 64% and 65.81% could trigger an altcoin rally while BTC hits new all-time highs and moves sideways.
Here are three key points to watch:- 1. BTC Dominance reaching rejection levels.
2. BTC closing above the monthly resistance of $71,378.
3. Altcoins holding higher time frame supports and showing reversal signs.
If these align, it could be a strong opportunity for altcoins. Patience here pays off – holding USDT or stablecoins now could let you buy altcoins at lower levels soon. I'll be sharing important updates as needed. My DMs on X are open if you need to reach out. I'll do my best to answer questions whenever I'm able. For now, stay focused, and let’s spot these opportunities.
If you enjoy these insights, hit like and share your thoughts. Let me know if you’d like any specific chart requests.
Hey everyone, quick update: I had an accident a couple of days ago, breaking my wrist dislocated bones and dealing with a few deep wounds. It’s painful, Can’t focus, Can’t type. For now, I’m stepping back from screen time to focus on healing, so my updates may be a bit quieter than usual.
I appreciate your understanding and support, it truly means the world to me. I’ll be back soon, stronger than ever, ready to jump back into the markets with you all.
Stay resilient, both in life and in the markets. Better days are ahead. 🙏🏻
#GOAT has broken out and is currently in a retest phase. As this is a meme coin, doing your own research is crucial (DYOR). These coins are highly volatile, so using low leverage is advisable when trading them.
I’ve been away for a few days, but I’m back next week with more updates. For now, it’s important to note that holding onto your altcoins remains the best strategy. Bitcoin is steadily moving upwards, and the key resistance is around $69K. Short-term targets have already been achieved (as seen in my previous charts). The market looks poised for a potential breakout!
The weekly candle closes in 28 hours—stay tuned for the next moves!