Crypto Altcoin Market Showing Warnings Signs! How Bad Could It Get?!

Video Transcript Summary

Current Crypto Market Situation

The current crypto market is experiencing high volatility, with Bitcoin's price being manipulated to create a "bear trap" for inexperienced traders. Despite this, the speaker believes that the bull market is still intact and that the price will not drop significantly.

Market Manipulation

The speaker explains that smart money is manipulating the market to create liquidity and trick retail investors into selling their crypto. This is done through a Wyckoff distribution pattern, which is typically seen at the top of a bull market.

Bitcoin Price Prediction

The speaker predicts that Bitcoin's price will not drop below $89,000 to $90,000, which is a 3.8% drop from current levels. They believe that the market will bounce back and continue its upward trend.

Altcoin Opportunities

The speaker discusses the opportunities for altcoins, particularly during the Q1 period, which is typically the most bullish time of the year. They provide examples of altcoins such as Avax, iCP, and Suey, and explain how to use limit orders to buy these coins at the right price.

Trading Strategy

The speaker recommends using limit orders to buy and sell crypto, as this helps to avoid emotional decisions and ensures that trades are executed at the best possible price. They also plan to create a video on how to place limit sell orders to take profits without being greedy.

Upcoming Events

The speaker mentions that on January 3rd, FTX will release $16 billion back to crypto investors, which could lead to a surge in altcoin prices. They also anticipate a potential news event around January 20th, when Donald Trump is expected to enter office.