Bitcoin Ethereum and the ALT Coin Seasons Next Move

Summary

In this video, the speaker, Ethereum Face, discusses the current state of Ethereum and Bitcoin, analyzing market trends, potential price movements, and the impact of liquidity. He shares his personal trading experiences, detailing strategies and challenges with different exchanges, including BitUnix. Despite experiencing some technical issues, he emphasizes the importance of patience and strategic decision-making in the crypto market. Additionally, he highlights his excitement for upcoming trades, plans for future investments in AI technology, and his mindset on managing risk, all while offering insights into the volatility and patterns of the cryptocurrency market.

Takeaways

• 😀 The speaker, known as 'Ethereum Face,' discusses the current state of the cryptocurrency markets, focusing on Bitcoin and Ethereum.
• 😀 The speaker highlights a crucial point for Ethereum, which is nearing the top of a multi-year trend, with the potential to break out or face a pullback.
• 😀 A partnership with BitUnix is introduced, offering non-KYC trading and substantial liquidity, with an incentive of a 20% rebate on the first deposit for new users.
• 😀 Ethereum Face is actively trading with BitUnix, stressing its simple interface, speed, and liquidity, and shares plans to trade both long-term and short-term positions.
• 😀 The speaker reflects on market momentum, using technical analysis like money flow and momentum waves to forecast potential market behavior.
• 😀 Bitcoin’s resistance level is mentioned, with the speaker noting that 100K could be a critical threshold, and highlights the volatility of Bitcoin and Ethereum’s price action.
• 😀 Despite a strong bullish sentiment for both Bitcoin and Ethereum, the speaker advises caution, suggesting that now is not the ideal time for new entries into the market.
• 😀 The speaker talks about the importance of taking a break after a big win in trading, as greed can lead to careless decisions and significant losses.
• 😀 Ethereum Face compares different timeframes (e.g., 3-day and 2-day) for technical analysis, noting that the 3-day chart for Ethereum looks particularly bullish at the moment.
• 😀 The speaker shares a strategy involving trading in cycles, where Bitcoin pumps first, followed by Ethereum, and then altcoins or 'shitcoins,' indicating a rotation of market interests.
• 😀 Ethereum Face also discusses personal experiences with volatility and the difficulties of navigating trades in a fluctuating market, but emphasizes the need to stay smart and wait for favorable data.

Q & A

What is the significance of Ethereum's current trend line?

Ethereum is currently at the top of a trend that has been ongoing for nearly four years. This trend could either break out or continue to consolidate, making it a crucial time for traders to decide whether to enter a position.

Why is the speaker concerned about entering a new trade at this moment?

The speaker is cautious about entering new positions because Ethereum is already near the top of its trend, with various indicators suggesting potential consolidation or a pullback. They advise waiting for more data before committing to new trades.

What exchange is the speaker promoting for trading, and why?

The speaker is promoting BitUnix due to its high liquidity (about 70% of Bitget's liquidity) and its non-KYC nature. This allows for seamless trading without the need for identity verification.

How does the speaker view the current state of Bitcoin and Ethereum's momentum?

The speaker observes that both Bitcoin and Ethereum have thick momentum waves, but the market is at a point of teetering, with some divergence in momentum, making it unclear whether the trend will continue upwards or face a pullback.

What does the speaker mention about the market's behavior on weekends versus weekdays?

The speaker emphasizes that market behavior during the weekend differs from that of weekdays. While the weekend often sees sideways or lower volatility, the speaker suggests that big money tends to drive the market's direction on weekdays.

What is the speaker’s strategy when it comes to taking profits after a big win?

The speaker shares that after a big win, they plan to stop trading for the day. They note that continuing to trade after a large profit can lead to greed and careless mistakes, ultimately resulting in losses.

What happened to the speaker’s trades over the weekend?

The speaker mentions executing several successful trades over the weekend but also regrets not capitalizing more on certain opportunities. They highlight how the range for Ethereum was easy to trade but express frustration with not making as much profit as possible.

What does the speaker think about Planetar AI Technologies?

The speaker believes that Planetar AI Technologies, a company tied to Peter Thiel and other AI conglomerates, has significant potential for long-term growth. They plan to invest heavily in it, anticipating that the stock will eventually become a multi-thousand-dollar asset.

What is the speaker’s approach to entering long-term and short-term trades?

The speaker expresses interest in entering both long-term and short-term trades, with plans to balance a long-term position in a company like Planetar AI while simultaneously executing shorter trades on platforms like BitUnix.

Why does the speaker recommend waiting for the market to open on Monday?

The speaker suggests waiting for Monday's market open to see how the big money moves, which could provide more clarity on the direction of the market. They emphasize the importance of waiting for concrete data rather than making impulsive trades.