URGENT! This MISTAKE Keeps Destroying Your Crypto Portfolio.

Crypto Banter

Bitcoin and Crypto Market Analysis

Current Market Situation

  • Bitcoin is trading at $104,000 with a pullback after attempting to break out of resistance levels.
  • The crypto market is experiencing a pullback, with altcoins being heavily affected.
  • Liquidation levels are low, suggesting the market is undecided on its next direction.

Market Cycles and Correlation

  • The last 250 days have shown a 90% correlation with the 2015-2017 Bitcoin cycle, implying a potential rapid price increase to $137,000.
  • Historical cycles indicate that significant altcoin outperformance typically occurs in the final six months of the cycle.

ETHBTC Analysis

  • The ETHBTC ratio found its bottom in December and rapidly marked up into January in previous cycles.
  • Current analysis suggests waiting for confirmation of a breakout or a lower level with a good high-low structure before investing in altcoins.

Risk Management

  • A significant mistake investors make is not managing risk properly, leading to substantial losses.
  • Calculating position size to limit losses to 15-20% is crucial in crypto trading.

Outlook

  • Despite current choppy market conditions, there's potential for a breakout, especially if the USD dominance continues to decrease.
  • Managing risk and waiting for confirmations are key strategies for navigating the current market.

Specific Coins

  • Solana (SOL): Currently in a bullish pennant formation. A breakout could lead to significant gains, but it requires confirmation.
  • Goku: Showing strength and potentially on the verge of a rapid expansion.

Educational Content

  • Wales School: Offers a comprehensive course on trading, covering risk management, support and resistance, candlesticks, and more.
  • Wellroom Discord: Provides updates and analysis on various coins and market conditions.