Forwarded from Golden Trades VIP
Thoughts After Trump's Speech
The news, posts, and discussions about Trump's recent speech at the Bitcoin 2024 event have flooded the information space. Many of you have already seen or heard what the politician said, but if not, I'll briefly summarize.
In general, only positive words were said about Bitcoin and the entire crypto space. For example, Trump stated that he wants to make the US "the cryptocurrency capital of the world and a Bitcoin superpower."
He also spoke about the regulation of the crypto industry, stating that the rules will be written by people who respect crypto, not by those who hate it. He mentioned that on his first day in office, he would fire Gary Gensler (head of the SEC).
There were many more statements, but they can be summarized as "#BTC to the moon!" And yes, that's another Trump quote.
What can we expect before the elections and after Trump's potential election?
Obviously, all recent statements are extremely bullish. Considering the market's cyclicity and the narratives that predict a bull run (halving, ETF adoption, making crypto easier for regular users), its approach is quite expected.
Moreover, if Trump indeed fulfills his promises, we will see several important events: a shift in crypto policy and its mass adoption "to surpass China."
Overall, everything looks extremely bullish, but we must remember that things don't always go as planned. For example, Trump might ignore his promises, as most politicians do, or he might not get elected at all.
In any case, it's crucial to stay in crypto and keep an eye on what's happening, as the world is changing so rapidly that you never know where the next life-changing opportunity will come from.
The news, posts, and discussions about Trump's recent speech at the Bitcoin 2024 event have flooded the information space. Many of you have already seen or heard what the politician said, but if not, I'll briefly summarize.
In general, only positive words were said about Bitcoin and the entire crypto space. For example, Trump stated that he wants to make the US "the cryptocurrency capital of the world and a Bitcoin superpower."
He also spoke about the regulation of the crypto industry, stating that the rules will be written by people who respect crypto, not by those who hate it. He mentioned that on his first day in office, he would fire Gary Gensler (head of the SEC).
There were many more statements, but they can be summarized as "#BTC to the moon!" And yes, that's another Trump quote.
What can we expect before the elections and after Trump's potential election?
Obviously, all recent statements are extremely bullish. Considering the market's cyclicity and the narratives that predict a bull run (halving, ETF adoption, making crypto easier for regular users), its approach is quite expected.
Moreover, if Trump indeed fulfills his promises, we will see several important events: a shift in crypto policy and its mass adoption "to surpass China."
Overall, everything looks extremely bullish, but we must remember that things don't always go as planned. For example, Trump might ignore his promises, as most politicians do, or he might not get elected at all.
In any case, it's crucial to stay in crypto and keep an eye on what's happening, as the world is changing so rapidly that you never know where the next life-changing opportunity will come from.
This market tries to create doubt among people after every pump.
Do not fade. We will pump hard.
People are calling for 60k now. They will not make it.
Do not fade. We will pump hard.
People are calling for 60k now. They will not make it.
#BTC update 💸
As I mentioned, the $63.8k level is very important, and we are currently at this point. We should either bounce from here or stay around this level for a few days before rallying to $72k.
The high of July 1st ($63.8k) is crucial to hold. If we trade below it for several days, we may see a deeper pullback, which I am not expecting. A prolonged dip below $63.8k could be the first sign that we are heading towards a new macro low (below $53k), potentially leading to a bear market for the rest of the year. In that case, the next significant opportunity might not come until 2025.
For now, I am holding everything tightly. This is a consolidation phase, not a bear market, although altcoins might take a hit due to BTC dominance being very bullish. Only strong coins are likely to move with BTC.
As I mentioned, the $63.8k level is very important, and we are currently at this point. We should either bounce from here or stay around this level for a few days before rallying to $72k.
The high of July 1st ($63.8k) is crucial to hold. If we trade below it for several days, we may see a deeper pullback, which I am not expecting. A prolonged dip below $63.8k could be the first sign that we are heading towards a new macro low (below $53k), potentially leading to a bear market for the rest of the year. In that case, the next significant opportunity might not come until 2025.
For now, I am holding everything tightly. This is a consolidation phase, not a bear market, although altcoins might take a hit due to BTC dominance being very bullish. Only strong coins are likely to move with BTC.
Please open Telegram to view this post
VIEW IN TELEGRAM
Golden Trades
#BTC update 💸 As I mentioned, the $63.8k level is very important, and we are currently at this point. We should either bounce from here or stay around this level for a few days before rallying to $72k. The high of July 1st ($63.8k) is crucial to hold. If…
If you're feeling anxious due to the market movements of BTC, you're in the wrong place.
You're living through a complex consolidation phase, and it is always frustrating.
You're living through a complex consolidation phase, and it is always frustrating.
The current price action on Bitcoin is very bearish and powerful. The slow grinding down with the failure of divergences is a concerning aspect. It's better not to look at the charts.
Eyes on the last quarter now.
I'm not selling anything, by the way. Holding my positions.
Eyes on the last quarter now.
I'm not selling anything, by the way. Holding my positions.
#BTC Dominance bullish continuation is showing results. The first target is 62%.
Altcoins will take more hits. Choose blue-chip altcoins if you are looking to buy new ones.
Altcoins will take more hits. Choose blue-chip altcoins if you are looking to buy new ones.
From this point forward, the game is all mental. We've already invested our money in the market, and no further financial actions are needed. It's time to stop moving money around. Instead, we must mentally protect ourselves. The market has our money, and we've given it enough time and resources. Now, it's the market's turn to reward us. We've contributed to the market over the past months, and doing nothing is now our biggest challenge. Inaction is the only strategy for our money.
The market has shown weakness in every rally. Focus on betting on strength now. Only consider buying if we see wicks on the weekly candle. Almost nobody has money left to buy at these levels, which is my point. If someone is willing to buy, they will likely resort to taking loans or using risky money to purchase coins. There’s no need to average down further here. If you're new to buying, you can go for it, but don't risk too much on already losing positions. I'm talking about being wise with your money.
The market has shown weakness in every rally. Focus on betting on strength now. Only consider buying if we see wicks on the weekly candle. Almost nobody has money left to buy at these levels, which is my point. If someone is willing to buy, they will likely resort to taking loans or using risky money to purchase coins. There’s no need to average down further here. If you're new to buying, you can go for it, but don't risk too much on already losing positions. I'm talking about being wise with your money.
Buying BTC below $50K is the best strategy, but for altcoins, I can't make any recommendations at this time.
#BTC update
We need to break this month's high. Only then will we be out of the woods!
Until then, it can form new lows if more war news comes.
For every big bear move, we need a bigger move by the bulls.
We need to break this month's high. Only then will we be out of the woods!
Until then, it can form new lows if more war news comes.
For every big bear move, we need a bigger move by the bulls.
#BTC weekly closings are of no interest to me; they have given multiple fakeouts in the past.
I will certainly be bullish when $BTC either breaks $66k, which is this month's high, or slowly and steadily closes above $66k by the end of this month!
I will certainly be bullish when $BTC either breaks $66k, which is this month's high, or slowly and steadily closes above $66k by the end of this month!
#AAVE is showing strong potential. I'm looking to buy within the $105-$112 range. Once it breaks above $120, it will become the top gainer. I'm expecting a 2x return.
This will be a mid-term hold with no stop loss set at the moment.
This will be a mid-term hold with no stop loss set at the moment.
You can buy #TIA at the current market price of $5 on the spot. Expecting a potential 2-3x increase in the coming weeks. Target prices are indicated on the chart.
Hold it as a mid-term investment.
Hold it as a mid-term investment.
Golden Trades
#AAVE is showing strong potential. I'm looking to buy within the $105-$112 range. Once it breaks above $120, it will become the top gainer. I'm expecting a 2x return. This will be a mid-term hold with no stop loss set at the moment.
The only coin that has closed with a strong weekly candle is #AAVE
RWA and AI coins are ones to watch. In the meme coin space, FLOKI stands out as the best on a high time frame.
Forwarded from Golden Trades VIP
The new strategy of Binance clearly demonstrates that to attract users, you need to offer big returns from the open market:
Today, a token from 2021 with a market capitalization of $20 million was listed on futures.
Quite a contrast, don’t you think, compared to listing Starknet at $60 billion?
Interestingly, the all-time high of this token ($ALPACA) was on March 6, 2021, during the height of the BSC craze.
From its peak of $8.78, the token dropped to $0.079 by August 5—a 111x decrease.
The strategy is intriguing: why search for a product that might skyrocket? Instead, take something that has plummeted 111 times from its peak, provide liquidity through Binance and Bybit futures, and offer degens who go long a chance to make a couple or even a handful of multipliers out of thin air.
At whose expense? At the expense of those who haven't adapted and decided to short this junk, paying 9-12% per day to the long traders based on their position size
Today, a token from 2021 with a market capitalization of $20 million was listed on futures.
Quite a contrast, don’t you think, compared to listing Starknet at $60 billion?
Interestingly, the all-time high of this token ($ALPACA) was on March 6, 2021, during the height of the BSC craze.
From its peak of $8.78, the token dropped to $0.079 by August 5—a 111x decrease.
The strategy is intriguing: why search for a product that might skyrocket? Instead, take something that has plummeted 111 times from its peak, provide liquidity through Binance and Bybit futures, and offer degens who go long a chance to make a couple or even a handful of multipliers out of thin air.
At whose expense? At the expense of those who haven't adapted and decided to short this junk, paying 9-12% per day to the long traders based on their position size
Reminder: This is just a test pump on NFT and metaverse coins.
The real rally in these coins is likely to begin around the end of Q1 2025.
I'm not positioning anything at the moment because there's still a long way to go. It's hard to predict when the right prices will come, but keep this in mind when the time is right.
#NFT #Metaverse $RARE $IMX
The real rally in these coins is likely to begin around the end of Q1 2025.
I'm not positioning anything at the moment because there's still a long way to go. It's hard to predict when the right prices will come, but keep this in mind when the time is right.
#NFT #Metaverse $RARE $IMX
Patiently waiting for the #BTC monthly close. If we close above $66K, the pump will start in September, without any delay until October.
I’ll be releasing a major update on #BTC after the monthly close. I've been waiting for this moment. Don’t focus on BTC’s daily and weekly candles—focus on the monthly ones. Weekly closings have often been misleading, but the monthly ones are more reliable.