Transcription
So, what could be about to happen in crypto, I believe, is actually a trap, but maybe not the kind of trap that you guys are expecting or used to. And I want to go through why I think this time is not different. Even though every man and his dog right now is screaming that this time is different, I want to show you some pretty remarkable simple data that's going to show you how similar this run has been and potentially will be to every other bull market I have personally seen.
This video is based solely on my opinion and what I'm personally doing in this market. I want to also let you know that some of the links below are affiliate links, meaning I may earn a commission, but this will be at no extra cost to you. And please remember guys, under no circumstances will I ever contact you and ask you for investments. You can confirm all of my real social media handles in the description. This content is for educational and entertainment purposes only. I am not a financial adviser. I'm just a guy sitting in his room.
As we speak, guys, a lovely day to be a crypto investor and trader once again. We're at 121,600. And sometimes I actually cannot believe my eyes. Now, I know I've been talking about this for a couple of weeks now, or maybe a couple of however long it's been since we had this pullback, but I do hope really sincerely that I helped just at least one person who watches my videos daily. I can't I can't tell you guys how grateful I am that every single day you tune in and you watch my videos. You want to hear me yap yap yap yap yap. And I love that. And I really appreciate every single one of you. Remember, if you leave a comment down there, I try and read every single comment. I know there's a lot of spam and I do try and delete it. I have a full team that I pay full time to delete the spam and YouTube won't get rid of it. So, I'm really trying. So, I do try and read every one of your comments and I appreciate every single one of you.
And just the the last week has been such a testament to what we've been going through in this market for the last 5 years here on this channel and the market in general because this was scary, right? People were scared here. And it's crazy to literally to the dollar, even on something as large as Bitcoin, we had this retest. And this is why I talk about simple TA. I don't like to over complicate things with loads of things on the charts and loads of indicators and all of that. I like basic TA. I like support, resistance, a couple of shapes here and there, maybe a couple moving averages, and that's about it. But we had this pullback and we retested the previous resistance and we bounced off it violently. In fact, right now, if this candle, right, this daily candle we're in right now closes above a price of 120,000, it will be the highest daily close Bitcoin has ever had. And just one week ago, there were a lot of people on the internet, whether it was in my comment section or on Twitter or on YouTube or whatever, saying that it was the end and we were all fools to be still here in crypto right here. And isn't it just crazy how quickly the sentiment changes in this market? It's changed so quickly, guys. Look at the sentiment.
But because of how fast this sentiment changes, I want to make you guys aware of what is going on and why I think this is a trap. Because I do think it's a trap. And I think the majority of people will get trapped and they will end up either holding the bag or getting completely annihilated in this market due to trading with emotion and not knowing what's to come. So right now we do have this bullish move for Bitcoin. This is resulting in quite a nice move for our altcoins. You can see here between 1 and 18.5% on the altcoins and our uh bitcoin dominance here has fallen down making a new low of about 59.8. We are having a bounce right now. But guys, look at what's happened. Every time we've bounced or every time we've gone down, we uh interact with previous support resistance. So right now we're bouncing up. So we're interacting with previous support. What we want to see here is a rejection. Rejection. A rejection. So maybe we see a rejection around here 60% or maybe it goes as high as 61 62. These are all things that can happen. But hopefully what we'll see is a continuation of the downward momentum which is of course what we want to see for our altcoins.
Speaking of altcoins, guys, as you know, I have been showing you taking profits from the Doge trade. Very annoying right now because I actually had $2,000 more in the profit just as I started recording this video. So it's obviously fallen. So, I'm going to take a little bit less than I was planning to out of this trade, but let's take 15,000 at a price of 233 20 23 3 4 7. Going to hit close. And now we have secured $7,000 in the profit live here on this channel. And this is the power of following a strategy. Remember the strategy that I showed you? I showed you this Doge trade and I also showed you the Ethereum and Bitcoin trade. The simple strategy here was 5% down from all-time high, start my position, five more% down, add margin, five more% down, add margin all the way down to 25% down, then wait. If I had a 40% draw down, then I would close the position and give up on the trade. But the plan was to average about a 25% gain from my entry.
And taking a look at Ethereum. I think we may have done it. We practiced a little bit of patience and I think we have done it. So, if we go here, go to the average price. And then we go to there, we're at 24.3. We were a little bit higher just before I recorded this video. You can see I took a little bit out cuz I wanted to see if we had realized profit. Yeah. So, I took 1% of the trade out and you see we had realized profit. So, we did that right at the very top before I filmed this video. And I want to do the same again. So I want to show you the exact strategy I follow. So DCA in 5% down from alltime high. Another 5% another 5%. Right? And I had an idea in my head of the amount I was willing to put into this trade. The amount I was willing to risk both in uh actual dollar value and in percent draw down. Remember I'm averaging my position down. So I'm also averaging my entry down. So our average entry is 3,438. Now the price is 4,269. This is only over a week, guys. So, very exciting.
Now, with that said, what I want to do is we have uh let's see here. So, we want to close out. I want to do 50% of the trade right at this price. And I'm going to hit uh close. Order placed. Let's see. Did we close it out? There we go. Realized profit. $3,700. Now, what I want to do, so I still have access to the upside, I'm going to add in what I call or what everyone calls basically a break even stop loss. So, our break even stop loss for my trade here is about 34 uh 32. So, I'm actually going to increase that to about 3 maybe like 3 486. I'll tell you the reason for that in a second. Uh stop loss uh 3 486. All right, we'll still have an estimated P&L of $211. And the reason why I want a little bit of profit is because I want to pay for any fees that might come from holding this trade for the time we have already and the time that we have ahead of us. So, I'm going to hit confirm. And now you see my stop loss. So, I have realized $3,700 in this trade. I have $5,000 left in this margin. But, guys, I have no risk to the upside. But guys, I have no risk now. I can't lose any of my own money. and I'm guaranteeing my profit. So, we may drop down and I might get stopped out or I have essentially unlimited to as high as I want access to the upside. Another way I can actually change this is I can change the leverage. If I change the leverage here and I hit confirm, I can then actually remove my margin, right? A lot of the margin, but I actually want to keep it in cuz I want to sustain the volatility. Increasing my leverage would then uh of course move my liquidation price upwards. So, I'm very excited to get to show you this in real time here for completely free, guys.
Now, with that said, if you want to see when I open my exact trades, what I'm doing, I have the Crypto Strategy School linked in the description. And I'm so pumped because the last week has been diabolical for this because I've got into a few different things. We got a 3x from a from a little little meme coin there. I got more like just about a 2x from the buy that I did here. We'll be discussing this on the channel. And we got another, look at this. Dogecoin almost 200% moved. That Ethereum 70% move. So lovely trades here. You can get to see them using the link to the crypto strategy school. Right now it's through patreon.com. So the links are down there. And if you guys do want to trade these, these trades were opened over on Blowin. Right now they have an awesome bonus here for copy trading if you follow my affiliate link down there in the description. But you can trade here using your email address, spot market, futures market, all of that good stuff. links in the description.
Now, with that said, of course, we have this time is different. Trump is talking about crypto. Trump is the president of America. It does seem like this time is very much different, doesn't it? It's different, right? Because we've never had a president be bullish on Bitcoin and on crypto. But let me show you a bit of data that I want you guys to be painfully aware of. And this is so simple. Any of you guys can get this up on your chart. You just get the Bitcoin US dollar chart here. Put it into the daily or the weekly. That might make it a little bit easier. But let's check something. Okay, so we're going to scroll all the way back. By the way, if you're new to the channel, this is when I entered the market, right? Sorry, not the top. 2017 around it was $3,000. So around here, right? Very lucky to have entered just before this run. But guess what? I lost everything. just like I think this will repeat. Every time someone has their first bull market, nearly always, unless they're the exception to the rule, they lose everything just as I did. All right, so that's where I entered. But what I want to do is I want to find the bottom. So this was 2013, the first real bull market. Uh, from what I understand, I wasn't in the market then, but the first real bull market. And what we can see here is right there was the bottom. Yeah, that was the bottom. And it's funny because it always goes down, makes a bottom, and then never really retest that bottom ever again. uh until the next high or ever again actually. So we can find at that bottom right around there I think it was and then we take that and we put it to the top 1,56 days. 156 days. Keep that in your head. All right.
Now let's zoom out a bit. This is 2021. This is the top of 2017. And this is the low. See how similar it is? Look, we made a low and then we never really did it again. Apart from trying to retest it there, but never quite making it. But let's grab the ruler, put it here, and touch this and go to the high. See, a lot of people would have thought, okay, this is the top. 854 days. Okay, that's the top. And then we crashed here. And a lot of people saying, okay, the market's dead forever. But look at the top and guess how many days. Isn't that wild? You're getting the pattern, right? 1,062 days. Isn't that insane? So the exact bottom to the exact top was days apart in length, right? Exactly the same as the last one. Now, let me show you something uh without changing the entire chart and changing the flow of exactly what I was doing and making my life really difficult. How dare you? Here we go. Right, exact bottom right here. Okay, here's the bottom. Let's grab this. go over here and look where we are, guys. 992 days. So, when everyone said this was the top at 72, when everyone said this was the top at 109, and when everyone said this was the top at about 123, we've still been perfectly in time in the same period as every other bull market. In fact, if we grab that and we stretch it, if we do a similar thing, 160 odd days, let's give it 164 days, that would take us right to the end of October or the end of the year.
Now, every bull market I've been in, right, 2017, 2021, and now we don't know for sure this one has ended at the end of the year in and around those months. All right. So, you think it's leading in, you get excited, everything's lovely, and then you lose everything. So, my 2018 was incredibly painful because I thought I knew everything in 2017 and I made loads of money. And I was like, well, my life is different now. I'm a G. I'm a genius. A G and a genius and I'm rich, right? I made $75,000 from $3,000. I was on top of the moon. And then I lost it all. I put $3,000 in and at the bottom of the 2018 2019 bare market, I had $1,800 in crypto. because I never took profits. I traded with emotion and I didn't have a strategy. But that created the Connor that I am today with my strategy. And I am so grateful that happened. So if it happens to you guys, don't beat yourself up. Use it as the villain arc, right? To become the trader or investor that you want to be. So we potentially don't have that many more days, maybe a hundred more days if the same thing happens again.
Now, I'm not saying that then this time isn't different. Maybe it is different. Maybe we're in it for a little bit longer. And maybe we never have a bare market for Bitcoin. I think we will, but maybe we won't. But that's how painfully similar the data actually is. So, when everyone's telling you this time is different, it's actually so far not different whatsoever. But there are some things we can look at like Coinbase, right? Coinbase heading to the number one spot is normally a very important indicator as to how much retail is getting excited. But there are loads of other indicators that I suggest you go out and research yourself. You can just search these on Twitter. You can search them on Google. The PI cycle top indicator has not been hit. Google trend searches for Bitcoin has not been hit. What do you how do you search though? Just go on Google Trends and search Bitcoin. Look at this, right? This is 21. This is now doesn't look to me like we're in a the top of the bull market. MVRV score. Coinbase app ranking score. Rainbow chart. Fear and greed index pure multiple the r hodddle ratio this is basically comparing new coins to old coins like how many new people are holding coins in comparison to the long-term holders none of these are hit the 200 week MA this is what I've been talking to you guys about my bull market uh confirmation right we're not down there so none of these things have hit it seems like we're fine for now but if history tells us one thing there's about 1,000 1,00 to 1,100 days here to play with in a bull market and we're exactly on the same trajectory that we've been on every other time. I think there is a lot of money to be made, but don't end up holding the bag cuz you trade with emotion, you don't have a strategy, and you think you're a G.
With that said, guys, if you do want to stay up to date, subscribe. And if you do want to trade, as you know, the trades that I've shown you live here on the channel, I'm so grateful I got to show you this in real time. The strategy when the market pulls back, I trade against the general market. So when everyone thinks we're going down, I'm going long. And I did this over on Blowin because it works perfectly just like you've seen. So if you want to trade on the spot market, the futures market, or you want to copy trade, as you know, I have been copy trading over here for a while now. We've been following Quantoshi, and I want to show you it did recently open some trades. Completely hands-off, guys. two trades now in almost $1,000 a piece profit without me doing anything. Now, past gains doesn't guarantee anything in the future. I'm not saying this is guaranteed to make any money. It may lose all the money. I don't know. I'm testing it with my own money, but if you want to check it out, all of those links are down there in the description. Blowin works perfectly for me when I'm traveling around. I've been able to access it from everywhere I've been. So, you guys can give it a go by heading to the affiliate links.
And guys, if you want to come and join the Crypto Strategy School, it's not just the things that I'm doing, which I'm very proud of right now. I go silent for a long time, guys. I don't trade every day. I want this to be very clear. I only trade when there is opportunity. You can see right here. Bye, bye bye bye bye bye bye. And I sold the very top. All right, that's just an example. But this is what I do. I wait for opportunities and then I pounce right now. This is the opportunity in the market. So if you want to come and join and try it out, the Crypto Strategy School is in the description. It's not just me. There's other influencers. There's live coaches. We got four full-time coaches. You can request TA daily analysis, deep dives, weekly reports, protrades, and loads of other people in the market that you can become friends with, you can chat with, you can bounce ideas off, and all of that good stuff. None of it is guaranteed for gains, right? I'm not saying you're going to come in and be rich overnight. Absolutely not. Right? None of us got rich overnight. What this is is a community of amazing people with loads of value, right? I think it's completely undervalued right now. It's much cheaper than anything else I've seen in the market that provides anywhere near as much value. But if you want to come and join, the links are in the description and that's up to you. But hopefully I'll see you in the next video. Peace.