Crypto Markets Are Trying To Trick You! Warning To Crypto Traders!
The House Of Crypto
Summary of the Video Transcript
Introduction
The crypto market is experiencing fear and worry due to unmet expectations of bullish news from the US. The speaker aims to identify reasons for the delay and suggest which altcoins to sell.
Background
The market was expecting Donald Trump to announce a Bitcoin strategic reserve, but he didn't mention crypto at all. The lack of news led to a big candlewick on the Bitcoin chart, showing huge selling pressure.
Market Manipulation
The speaker believes that market manipulation is occurring to instill fear and panic, making people think the bull market isn't what it was supposed to be. This is similar to what happened last year with Gary Gensler's tweet about the Bitcoin ETF.
Trump's Intentions
Despite the lack of news, the speaker thinks Trump's intentions are clear, given his involvement in crypto, including launching a meme coin and creating a crypto company with his family.
Price Action
The speaker analyzes the price action of various coins, including Bitcoin, to determine which ones are strong or weak. They recommend looking at charts and identifying higher lows and higher highs to determine a coin's strength.
Altcoin Analysis
The speaker analyzes specific altcoins, including:
- Ondo: a strong coin with a longer-term uptrend, worth holding or buying more.
- Sense: a volatile coin that showed strength during the market's hot period, likely to pump again.
- Gamin: a weak coin with limited ability to rally, consider cutting losses.
Conclusion
The speaker advises to look for strength in coins, zoom out, and not panic. They also invite viewers to follow them on Twitter for more updates and information about their personal project, Perceptron network.