Testing

To my subscribers:

Thank you for having subscribed to this channel.

I have decided to start over and move in a new direction.

Here is an overview on the things I will be changing:

1) The entire channel history will be cleared for aesthetic reasons. I have all my postings saved on my hard drive and archived. For those interested in seeing this, PM me.

2) There will no longer be any random postings ie forwards from twitter, other telegrams, news, etc in the main telegram channel interface. This was cluttering up this place and was making it difficult to follow along. You can get news in a million other places and faster than me anyway but I will explain further later.

3) I will going forward, only provide my directional bias on the channel. I will have "Focus posts" which will be short, succinct, straight to the point, and will be pinned every time.

Examples:

Bias: Bullish/Bearish BTC, Bullish/Bearish Alts, bullish/bearish memes
Timeframe: Daily/Weekly
Actions: Long BTC/ Long ETH/ Long SOL/ Short BTC/ Short ETH/ Short SOL
Status: Active/ Inactive

It will not be limited to this format, there will be times where I make a fully fleshed out post, whenever I feel like it.

I think this way would be the best way to delineate myself from the hundreds of calls channels out there who are flip flopping on a day to day basis without any accountability

4) I will open up comments on my posts for further discussion. I feel this will allow me to get better feedback on my trading/posting and allow me to interact with my subscribers in a more constructive manner. I will likely forward related news, charts and other info in the comments of active posts. I expect criticism when I am wrong so do not be shy in letting me know how I fucked up a call or how you made money from it. All feedback is appreciated.

5) There will likely be much fewer pings as my posts will be more consolidated in nature.

6) Less memery in general, although I will accept it in the comments lol

7) I will continue reviewing and updating this channel occasionally until I feel it is a valuable resource both to myself and others

Thanks for subbing and hope you will get more use out of this place in the future

Glossary:

Might want to save this for future reference to understand my reports.
Below are some important statistics when analyzing my direction bias

Daily Uptrend Days Median = 17
Daily Uptrend Days Average = 26.39
Daily Uptrend Days High = 100
Daily Uptrend Days Low = 1


Daily Downtrend Days Median = 16
Daily Downtrend Days Average = 21
Daily Downtrend Days High = 85
Daily Downtrend Days Low = 1

===========================================

Weekly Uptrend Weeks Median = 20
Weekly Uptrend Weeks Average = 25.86
Weekly Uptrend Weeks High = 62
Weekly Uptrend Weeks Low = 8


Weekly Downtrend Weeks Median = 15.5
Weekly Downtrend Weeks Average = 21.85
Weekly Downtrend Weeks High = 55
Weekly Downtrend Weeks Low =7

I will sometimes write continuous or reversal next to the trend. Continuous means the trend is continuing ie price continuing to go up in an uptrend. Reversal means the trend has potentially put in a reversal ie price was going down but is suddenly going up. More often than not, this will be continuous but there are some times where price goes into reversal which means that the current trade put on should be on high alert for failure. Usually, this means reduce your position size or put on some hedges in case of a full trend change. As markets are unpredictable, there is never 100% chance of success in a trade nor in predicting the direction that prices are going, always do your own risk management.

Market update (11/5/2024):

Bias:

Daily - Day 7 Downtrend (continuous)
Weekly - Week 8 Uptrend (continuous)

Analysis:

Market movement short term is currently heavily dependent on election outcomes. I believe there is alot of passive selling not in the orderbooks above 69k and alot of bidding also not in the orderbooks below 69k. Alts look weak but not in complete bear mode. Alot of alts look like they are in wyckoff accumulation, many have already priced in horrible scenarios.

If Trump wins, I believe we get strong risk on, would see lots of bidding across the board. We will then get a sharp pull back before we violently rally again. I expect alts to heavily outperform BTC in the medium term if Trump wins and set up an alt season.

If Kamala wins, I believe we get some semblance of a selloff in BTC and alts. However, after some time, both BTC and very heavily priced in alts will go back up and resume the bull market in a snap back rally. Why? I simply think people are extremely bored and they will stop caring about anything including lawfare. Bears don't begin because of fear, they begin because of overexuberance. However, I would expect BTC to be the main star of the attraction.

The seats in the Senate and House are also important. If there is a Republican sweep = bullish, a Democrat sweep = bearish, a split Congress = probably bullish.


Actions:

Stay off leverage until a US President is declared.

Spot bitcoin buys on big moves below 69k.

Dabble in alts during capitulation candles for quick jeeting. Alts that look heavily priced in might be worth a spot bag bid.

Reassess after election volatility.

Status: Inactive

Will post another market update right after election, maybe a few days after

See you in the comments

Bitcoin has broken ATH

Let us begin the golden bull run