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Theking

The Fear and The Greed- Tomorow will be the 365th day in this bearmarket. - From now there will not be much winners or losers because in this situation, there's fear and doubts in both sides. - A little resume of this yearly journey : - Luna Rekt - 3AC Rekt - Voyager Rekt - FTX Rekt - and much more smaller entities like Zipmex etc.. - Despite all FUDS, the situation could be worst than where we are now. we have to remember in 2017, we went from 20k to 3k. - that said in 2017 "Cryptomania" was nothing compared to 2020, now we are more close from Cryptos adoption and CDBC. - in 2017 the market was still immature and dubious, in 2020 big players entered the game. - So what happened in 2022 with a more mature market ? - What we need to remember from 2021-2022 is that bad actors in Cryptos are not here to build the system but to greed on it. - They all overleveraged their positions thinking only about their own pockets and caused pain to millions of their customers. - Some created their own thin air tokens as FTT and shorted their own projects with high leverages using collateral loans ( FTX ). - They were all selfish, and didn't even think about how many poor families life they destroyed. - Peoples may forget what they did with time, but Karma will not. - Cryptos are here to stay, but the future is more bright without those greedy peoples. - Buy BTC. - Store in Ledger, Trezor or Paper Wallet. - Hodl BTC. - Do good things around you and good things will back to you. Happy Tr4Ding!
COINBASE:BTCUSD
by thecryer
4
Humans are not perfect- Very Basically SOPR (Spent Output Profit Ratio) measures the price bought versus price sold. ( but it's more complex than that ) - Negative SOPR typically means people are selling for a loss. ( red dotted Lines columns ) - Positive SOPR typically means people are selling for a win. ( Blue dotted Lines colums ) - So what we can notice and deduct from this graph ? - Simply that we are not perfect. - The Fear and The Greed. - We scare when the price goes up too much. - We fear when the price goes down too much. - Most of the time we sell to early. - Most of the time we sell when it's time to buy. "Human being is the fact to be imperfect anyway" Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
16
Trading is Repeating- Not sure that we already finished Wave 1. - What we know is : " BTC went straight up for 4 weeks ". - the safest way for now if you missed the last bottom is to watch and wait. - At one point TheKing have to retrace, so be patient. - if BTC Retrace now : - Set your Fibo to -61.8% Retracement, around 18,500$ - Charge bag at the good time. - if BTC push more : - Wait for a retrace and recalculate your -61.8%. - Keep it easy and Stay Safe! Happy Tr4Ding!
COINBASE:BTCUSD
by thecryer
10
Shopping Altcoins- in this post i will list a number of projects that seems interesting (to me) for the next bull run. - i will set a potential worst case bottom price for every tokens/coins considering another BTC dip. - i will just keep things simple and set a potential ”Entry Price” and describe good and bad reasons in few simple words. - Remember that you have to do your own diligence before considering to invest in a project. - Remember that cryptos are very dangerous, everything can happen and you may lose all your invest. - invest only what you don't need for living ! - it's only your own decision to set an higher entry price if markets turn green. - You don't want to buy when peoples are happy because everything is mooning! - You want to buy before retailers and You want to sell before them !! ”The time to buy is when there's blood in the streets” i will start with my one of my favorite project : ---------------------------------------------------------------------------------------------------------------------- Polkadot (DOT) ---------------------------------------------------------------------------------------------------------------------- - The Good : Decentralized, Huge Ecosystem, Cross chain Tech, developer activity, SEC umbrella. - The Bad : lack of promotion, concurrence, on chain attacks, elitist governance, unlimited supplies. - Entry Price : 4.30$ish ---------------------------------------------------------------------------------------------------------------------- - if you want me to check and add a project, just comment down below. - if i think this project is not consistent. i won't add it. - not meaning your favorite project is bad, just meaning i have a lack of knowledge on it. - i will update this post over time. Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
57
Happy New Year!• Being wrong is not a bad thing. • It's Okay to question what you have been taught. • Grades aren't as valuable as skills. • Understanding is more important than memorization. • Making mistakes is Okay. Learn from your mistakes. • Be humble. • Be teachable. • Humility is necessary for growth. • Teach your children early what you learn late in life. • There's always room for a new idea. • Pay close attention to those that don't clap when you win, they are not your friends. • Do not despair. • Do not give up. • Look for the sunlight through the clouds. • The universe is bigger than your view of the universe. Wish u all the best for 2023!
COINBASE:BTCUSDLong
by thecryer
2
Cryptos are here to stay- Don't follow the price but follow the innovation. - in 2018 Crypto market reached $750 Billions, in 2020 it reached $3 Trillions. - of course cryptos are still nothing if u compare markets with the actual netted value of derivatives. $600 Trillions. - if u followed some recent news about IRS : - The Passage of the Inflation Reduction Act signals the hiring of 87,000 IRS agents and the bill specifically calls out crypto assets. - $80 Billion of funding is allocated to the IRS budget over the next 10 years, signifying a 75% increase on a yearly basis. So are you thinking govs will hire more agents to tax a dying system. think about it. - According to Fibo the next bullrun will lead Crypto Markets around $10 Trillions. - Be ready for it but be ready also for taxes and regulations. Feel free to comments! Happy Tr4Ding !
CRYPTOCAP:TOTALLong
by thecryer
3
Bitcoin Stay Calm- i know some of my fellows traders went Long few days ago and i want to congratulate them ! - So if u went in around 19k+, you had already a great deal. - Now if you didn't board the first train. i suggest you to wait. - i don't show any indicators to keep the chart clean. ------------------------------------------------------------------------------ Trading Parts ------------------------------------------------------------------------------ - we are reaching a particular zone, so be cautious ( bears or bulls same ) - Nothing to Trade between 20800 - 21150 and under those zones, just wait and stay spectator. Buy Zone : 21,150++ (DCA) TP1 : 22,500 TP2 : 24,900 ------------------------------------------------------------------------------ Happy Tr4Ding !
COINBASE:BTCUSDLong
by thecryer
4
Bitcoin warm up- i know some peoples are still waiting for 15k or 10k. - in 2018-19, some of my friends were waiting BTC to dip $1000 when BTC was around 3000$, they are still waiting right now. - Used correctly, Bollinger Band is a powerful indicator. - you need to look closely at the Weekly BB contraction. - When BB compress, it's a sign of volatility returns. - the lower BB reached 17k+ ( was around 15.5k few weeks ago ) - The lowest BTC dip was $17,580 - BTC is evolving in a flat rectangle between 17,5k and 25k, the same situation happened in 2018-2019, it's called " Consolidation ". - i can only suggest you to DCA buy instead of missing the train. - it's better to take the risk to go in between 17k5-19.5k, than wait for a price that you won't never see again. " The greed works on both sides, Bulls or Bears. " Happy Tr4Ding!
COINBASE:BTCUSDLong
by thecryer
3
The art of trading- Spotting Divergences is a good way to be prepared for a potential trend reversal. - Many peoples are using RSI in a wrong way, as fix point indicator (oversold or overbought). - in reality RSI is a "Momentum indicator". Point to Point. - Divergences most of the time are not enough to enter a position but help you to have more nice cards in your hands. - They can be combined with Trend Lines, Supports/Resistances, pivots, MAs/EMAs and much more indicators. - More information you get on a trend, more is helpful to be accurate. - the reverse of the medal is using too many indicators at the same time can make you confuse and doubt. - Trading is an art but patience a virtue. Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
4
TheKing Moon or Mars - Everything is in graph. - Everything is based on Fibonacci (extensions and retracements). - This scenario is likely to fail, so don't take it as a financial advice. - This is just a scenario nothing more, nothing less. ------------------------------------------------------------------------------------------------------------------------------------ - Take also in consideration, this scenario is only based on two basic reasoning situations : ------------------------------------------------------------------------------------------------------------------------------------ 1/ The Bearmarket : - The real bearmarket started from April 2021 (First ATH) - The Second ATH (November 2021) was just a fake, a fomo created by people's witch missed the first train. ------------------------------------------------------------------------------------------------------------------------------------ 2/ The Brrrrrr Machine : - if they start to brrrrrrr ( UK just started ), more will follow. - this scenario could happen more fast than we think. - BTC was created to fight inflation. ------------------------------------------------------------------------------------------------------------------------------------ - Feel free to add your comments and ideas. - Sometimes, it's better to keep silent than speak without thinking. - Take it easy. Happy Tr4Ding !
COINBASE:BTCUSDLong
by thecryer
41
TheKing What's Next- TradingView distorted again my post. here a clear image : - We need to compare BTC movements with The Wyckoff Method and we will get a more clear view. - We are in a long corridor and it can take time before a new Bull Cycle as big hands are waiting for retailers to give up. - i published in July a chart indicating a potential bottom around 17500$. here : - i am clearly not convinced yet that BTC will make a fast wick to 15,000$, and i forgot already about 10k. - Bollinger Band is one of my favorite indicator on Weekly TF to try predict potentials bounces. - You can see clearly on the chart that BB bottomed around 12,600$ and right now growed to 15,500$. Zoom in : - So of course like always, everything can happen as economy is weak, but my work is TA, and not FA news. - A wick to 15,000$ is still possible but clearly uncertain, all i can tell you is if this happens, be ready to charge your bag. Happy Tr4Ding !
COINBASE:BTCUSDLong
by thecryer
16
TheKing CME vs Exchanges- i remember one of my best friends asked me in 2018 if it was good to buy Bitcoin around 4000$.. around bottom, i answered nothing, i just told him life is like a computer, it's like 01010101. You just take a decision then u have 50% chance to be correct and 50% chance to be wrong. - So he had like 50k Euros at that time and he decided to buy a small studio because it was more a " Secure investment ", if he bought BTC by that time he would have 12.5+ BTC for last 2021 bullrun and could sell for 600,000++ Euros after 2 years ( if he sold btc around 50k$). Right now his studio's prices didn't move up or down. so that short story is true, i didn't dream it. i just posted it to explain something very important : - more you invest in something safe more the return will be poor. - more you invest in something dangerous more the return will be good. This simple law is valuable for everything, not only for cryptos. if you buy a studio in center NYC, you will pay it a lot but you will have more chance to be safe, the return will take many years of your short life. if you buy a studio in Cambodia, you will pay it much more cheaper and your invest could be transformed x5-x10 or going to zero. let's back to the trend : - it's important to check the difference between CME and Exchanges. - When retails can buy 10$ in BTC in Coinbase, you need at least 10,000$ to invest in CME. - i noticed this price difference from the last July BTC dip, when BTC dipped on exchanges the price was 17500$ ish. But on CME price bottomed around 18500$ ish and few day ago from now made a kind of double bottom tap. - So to come back to my friend story, do you follow retailers or big hands ? - i will post in comments the next important CME GAPs that BTC have to take back in future. Happy Tr4Ding and St4y Safe !
COINBASE:BTCUSDLong
by thecryer
7
Theking Following Nasdaq ---------------------------------------------------------------------------------------------------------------------------------------- - Quick update. the chart is speaking by itself. - this a 1W TF analyze but if u go smaller TF, u will shock to see how BTC is linked to Nasdaq. - BTC is simply cloning Nasdaq 100% from 8 November 2021. - This happened already on 17 Feb 2020 when Covid knocked our doors. - Those dips moves can be kind of "over pressured", i means by that : if Nasdaq loses 5%, BTC could lose 20%, Altcoins will cry -50%++. just the normal way. - Just follow Nasdaq could be a smart way, TheKing is still young, and for now US100 "mastodon" acts as a World termometer. - i will link in comments my older analyzes on Nasdaq. this will help to define a possible bottom. ---------------------------------------------------------------------------------------------------------------------------------------- Happy Tr4Ding and Stay S4fe !
SKILLING:US100
by thecryer
4
TheKing unbreakable- This situation was identical in 2020. When people's saw the death of the king, and when the dip was followed with a boom. - i see only opportunites for new comers and smart money in this dip. - i won't explain much about my graph, it speaks by itself ( Check RSI ) - i will later post an update for this knife. - Don't fall in USDT like we falled in USD after wars. the real pain will be when u wake up and buy your croissant at 10$ in the morning. - Check my Nasdaq analyze there because everything his linked : Believe in Theking & Happy Tr4Ding !
CRYPTOCAP:USDT.DLong
by thecryer
21