The last suffer
GOOD DAY, CRYPTO FAM
I know… the market is extremely boring and there is not a lot of things happening as we speak, but the boring momentum does lead to opportunities for those who are willed to be patient.
For those who missed 15k as the bottom, soon there might be another cheap opportunity for you incoming which will be a good entry level for you to start accumulating if you didn't do so yet.
Understand that most opportunities are when most are ignoring it.
What I see now within the crypto space is a lot of ignorance and just people who wait for prices to go up before buying in which is obviously the wrong approach.
Invitation
Before we start, I would love to invite you to a challenge I’m starting with my private community. We are doing a 1k-1m challenge in the most “stupid” way ever.
Will it work? yes, as I did it (partly) before 😃
If you are interested in this challenge and joining our community, feel free to join through this link: https://payhip.com/b/tEIni and use the code “newsletter” to receive 20% discount to start the challenge.
My personal plan
As I said before, the market is very slow and honestly I’m not expecting the craziest movements in the next coming weeks and months. I only expect consolidative bearish momentum to be happening but again, this open opportunities.
I’m starting to slowly buy some bitcoin and ethereum at these prices as they are relatively cheap with an amazing ROI.
But most of my orders are ready for when bitcoin hits around 22.8-21.8k.
For ethereum, most of my orders are ready between 1350-1150$
Once those targets hit, I do expect slow recovery to be incoming which will eventually be start of a new cycle as we enter into 2024.
Above 25k and 1.5k I’m just stacking in with lower amounts of money but buy consistently. Once we head under those levels I’ll be buying in like a maniac.
Don’t over complicate this simple process.
Choose your battle
Many people right now want to be focussed on trading and placing as many trades as possible to re-invest those profits into the market, yet this plan fails for 99% of those who try it.
What I do suggest is to remain focussed on trading, but start paper trading instead if you are relatively new to this industry, it will save you from a lot of losses which makes you be able to use that capital for you longterm security by investing it.
It’s okay to be focussed on trading and I genuinely hope you succeed but understand that the cheap prices are a STEAL for longterm investors and will very soon pay off massively as the cycle will start to change.
If you miss the cheap prices we have right now due to only being focussed on trading you will get your FOMO once prices start to fly which already takes away a lot of % gains but also open the possibility of you buying the tops which as we all know will lead to massive losses.
Choose your battle, choose wisely and you(ll be rewarded massively.
Technical analysis bitcoin
25K is the key support here for BTC, a break under will likely lead us toward our targets of 22.8-21.8k which will activate my buying orders.
For now on the bigger picture there is nothing that would make me bullish unless we have the retest of the levels I mentioned or if we break above the resistance around 30-31K which I don’t expect as for now.
May I also remind or introduce you to the cryptomindd curve chart?
I’ve made this chart myself and it shows a more clear and accurate precision than what you find online.
As an investor you should know my chart and have it saved to time to time look back and see how accurate everything was.
Technical analysis ethereum
Nothing to complicated. I’d like to see us reclaim 1950$ before turning bullish, the rest is just opportunities to buy in.
A break under 1.5k does open the room for price to fall lower toward the mentioned targets of 1350-1150$.
Use this time to buy in as much as you can and wish?
Technical analysis apecoin
For those who remember I publicly called ape as an investment call a while ago, but as with the rest of the market, price is just going down which again will lead to opportunities but its hard for holders as myself.
My believes in Yugalabs and everything they represent is still high and I’m excited to see what price will do in a bull market.
So far, this will follow bitcoin behavior and along as bitcoin is bearish, ape will also be bearish and we even could see 1$ incoming if BTC breaks below 25K
For now, as we are likely nearing a bottom I don’t see any reason to sell here and would rather wait while my ape coin is being staked.
To become bullish on APE i’d need a break above 2$, as long as that doens’t happen we aint going nowhere on the bigger picture (weekly timeframe, investment perspective)