BITCOIN IS BACK !!!! I'M ALL IN !!!!!

The Moon Show

Summary of Video Transcript

Introduction

The speaker discusses their earlier video and live stream where they predicted a V-shaped recovery for Bitcoin after a liquidation event.

Trades

  • Opened two long positions on Bitcoin and Ethereum.
  • $8 million trade on Bitcoin and $7.5 million trade on Ethereum, both currently in profit.
  • Used inverse perpetual contracts on Bybit.

Market Analysis

  • Next big target for Bitcoin is $100,000 to $102,000.
  • after a liquidation event, there's usually a pump.
  • The speaker's instinct was to sell, but they decided to buy due to fear in the market.

Trading Strategy

  • The speaker advises buying when there's fear and selling when there's greed.
  • They plan to set stop losses at break even to minimize losses.

Ethereum Analysis

  • Also went long on Ethereum, which is slightly up from the entry point.
  • Prepared to lose the trades due to market volatility.

Conclusion

  • The speaker believes the bottom may have been reached due to the liquidation event washing out speculation.
  • Advises viewers to go long when the market looks bearish.
  • Made $600,000 from the trades but lost more in the past 24 hours.
  • Targets for Bitcoin are $102,000 and then $105,000, with potential for all-time highs if these levels are broken.