The Biggest Altcoin Season EVER Has Just Started!! (I'm Buying THESE Altcoins)

Miles Deutscher
6 Mar 202425:18

Summary

TLDRThis video delves into the potential for an explosive altcoin rally following a significant leverage flush event in the crypto market. The host explains how this event has created favorable conditions for altcoin expansion by removing market froth and optimizing market structure. Key narratives like AI and meme coins are highlighted as potential top performers, with specific coin recommendations like Ribbon Finance, Ono Finance, and AI-focused projects like FET, AXS, and RSS3. The video aims to provide valuable insights and alpha for capitalizing on emerging opportunities in the ever-evolving crypto landscape.

Takeaways

  • 😮 Last night's events triggered the next explosive altcoin rally, setting up the crypto market perfectly for an altcoin expansion to the upside.
  • 💰 The video discusses the author's top altcoin picks for the next few weeks, focusing on narratives like the AI sector and other coins exhibiting strength in the recovery phase.
  • 🔥 The leverage flush that occurred was healthy for the market, removing froth and resetting funding levels, creating better market conditions for crypto.
  • 📈 Coins that exhibited the strongest rebounds after the dip, like Whiff and Myrio, are likely to be the best performers if the market continues trending higher.
  • 🌐 Bitcoin hitting all-time highs has thrust it back into the mainstream media spotlight, attracting retail investors who gravitate towards meme coins and sectors like AI.
  • 🤖 The AI sector is expected to be one of the strongest performers this cycle, with the upcoming Nvidia conference on March 18th adding hype and attention to the space.
  • 💎 Ono Finance and Ribbon Finance are highlighted as two leading altcoins that could continue to outperform, with Ono being the premier RWA protocol and Ribbon's new Avo token generating excitement.
  • 🚀 Meme coins like Whiff, Flocky, and Myrio are performing exceptionally well, benefiting from the increased attention and retail interest in the crypto market.
  • ⚖️ The "barbell strategy" of combining conservative assets like Bitcoin with hyper-aggressive assets like meme coins has been the most effective portfolio construction so far this cycle.
  • 📝 The author plans to release a dedicated thread and video on AI gems, highlighting more micro-cap plays in the AI sector for potential opportunities.

Q & A

  • What was the significant event that occurred last night, according to the transcript?

    -The transcript mentions that there was a massive Bitcoin leverage flush last night, which was the biggest in over 6 months. Over $1 billion of traders got liquidated, with $864 million being long positions and $260 million being short positions.

  • Why does the author consider the leverage flush a positive event for the altcoin market?

    -The author believes that the leverage flush was a healthy event for the market as it removed the excessive froth and overleverage that had built up. This resets the market to a healthier state, which can pave the way for a potential altcoin rally.

  • What strategy does the author recommend for identifying strong altcoins during a dip recovery phase?

    -The author recommends using tools like VIEWbase and Banter Bubbles to identify altcoins that exhibit the strongest recovery from dips. Coins that bounce back harder typically perform well if the market continues to trend higher.

  • What is the 'barbell strategy' mentioned in the transcript, and how is it performing currently?

    -The barbell strategy involves combining a conservative asset allocation (Bitcoin) with a hyper-aggressive asset allocation (meme coins). According to the transcript, this strategy is currently outperforming traditional portfolio constructions that focus primarily on major cap altcoins.

  • Why does the author believe that meme coins could continue to outperform this cycle?

    -The author believes that as Bitcoin hits new all-time highs and receives increased mainstream media attention, it will attract more retail investors into the crypto market. Historically, when retail investors enter the market, they gravitate towards meme coins, which could drive further outperformance in this sector.

  • What is the author's opinion on the AI sector within the crypto market?

    -The author is extremely bullish on the AI sector within the crypto market, both in the short term and long term. The author mentions that AI coins, alongside meme coins, could be some of the strongest performers over the next few weeks, especially with the upcoming NVIDIA conference on March 18th.

  • What are some of the specific AI projects or tokens that the author mentions as potential plays?

    -The author mentions several AI projects and tokens as potential plays, including FET, OCEAN, CXO, AXS, WLD, and RSS3. The author also highlights that they will cover more micro-cap AI plays in a future thread and video.

  • Apart from AI and meme coins, what are the other altcoin narratives or projects that the author is bullish on?

    -The author mentions Ribbon Finance (RBN) and Ono Finance (ONO) as other altcoin projects they are bullish on. Ribbon Finance is a decentralized exchange, while Ono Finance is a leading real-world asset (RWA) protocol.

  • What is the author's overall sentiment towards the current state of the altcoin market?

    -The author expresses excitement and optimism towards the current state of the altcoin market, stating that things are looking good for crypto compared to just a few months ago. The author believes that the events of the previous night have positive ramifications for the altcoin market, although drawdowns are still possible.

  • Does the author mention any specific trading strategies or tools for engaging with the altcoin market?

    -Yes, the author mentions setting limit orders on strong coins or coins of interest during dip periods, as it can provide attractive risk-reward entry points. The author also recommends using VIEWbase and Banter Bubbles to analyze altcoin price action and identify potential opportunities.

Outlines

00:00

🔥 Crypto Market Leverage Flush and Setup for Altcoin Rally

The video discusses a recent leverage flush event in the crypto market, where over $1 billion of traders' positions were liquidated due to a massive Bitcoin price wick. This event is seen as a necessary reset to remove excessive leverage and froth from the market, creating healthier conditions for a potential altcoin rally. The presenter explains how this leverage flush has poured fuel on the altcoin fire, as traders who missed the initial recovery are now more optimistic about alts.

05:01

🧠 Identifying Strongest Altcoins Through Dip Recovery Strategy

The presenter shares a strategy for identifying the strongest altcoins by observing how they rebound from dips. Coins that exhibit strength during the recovery phase, such as Whiff, are likely to perform well if the market continues trending higher. Tools like Venn data and Banter Bubbles are recommended for implementing this strategy effectively. The video also mentions a special offer for a BitGert account with a $30,000 sign-up bonus.

10:03

🌙 Altcoin Market Phases and the Potential for a Greater Alt Season

The video discusses the current phase of the altcoin market cycle, suggesting that a true phase three and phase four alt season has not been reached yet, as Bitcoin and Ethereum are still leading the charge. However, the presenter believes there is still room for a greater alt season this year, particularly in strong narratives like AI and meme coins. The recent market recovery has filled traders with optimism and bullishness, creating conditions ripe for potential altcoin rallies.

15:05

🚀 Top Altcoin Picks: Ribbon Finance, Ono Finance, and AI Sector

The video highlights several promising altcoins and sectors. Ribbon Finance (RBN) is mentioned as a potential play due to its upcoming Avo token launch, which is trading at a premium on futures markets. Ono Finance (ONO) is presented as the premier RWA protocol and a direct way to gain exposure to the asset tokenization narrative. Additionally, the presenter is extremely bullish on the AI sector, mentioning tokens like FET, OCEAN, CU, AX, and WORLD as potential trades leading up to the Nvidia conference on March 18th.

20:07

🔮 AI Sector Outlook and Micro-Cap Gems

The presenter doubles down on their bullish stance on the AI sector, citing upcoming events like the Nvidia conference, real-world narratives, and increasing retail interest. Coins like FET, AX, OCEAN, and WORLD are highlighted as potential plays. Additionally, lower-cap projects like RSS3 and Golem (GLM) are mentioned as interesting AI-focused investments, with RSS3 being a modular play for AI indexing and data availability, and Golem having recently delivered a strong trading opportunity.

25:08

📣 Closing Remarks and Invitation to Follow for More AI Alpha

In the closing remarks, the presenter expresses excitement about the positioning of the crypto industry compared to a few months ago. They reiterate their bullishness on altcoins, particularly meme coins and the AI sector, and invite viewers to follow them on Twitter and enable post notifications for upcoming content, including an AI-focused thread and video promising to deliver more alpha on micro-cap AI gems.

Mindmap

Keywords

💡Leverage flush

A leverage flush refers to the event where over-leveraged traders, both long and short positions, are forcibly liquidated due to a sudden and significant price movement. In the context of this video, the speaker mentions that the previous night saw the biggest Bitcoin leverage flush in over 6 months, with over $1 billion worth of traders being liquidated. This event is described as a necessary and healthy reset for the market, clearing out excessive speculation and froth.

💡Funding rate

The funding rate is a periodic fee paid by traders with open perpetual contract positions to ensure that the perpetual contract's price remains anchored to the spot price. In the video, the speaker explains that the leverage flush caused the funding rates, which were previously aggressively high, to reset into safer green territory. This is seen as a positive sign, indicating a healthier market structure with less excessive speculation.

💡Altcoin season

An altcoin season refers to a period in the cryptocurrency market cycle where alternative cryptocurrencies (altcoins) outperform Bitcoin and experience significant price rallies. The speaker discusses the potential for an upcoming altcoin season, citing signs such as Ethereum's recent outperformance versus Bitcoin and the market's optimism towards certain altcoin narratives like AI and meme coins.

💡Meme coins

Meme coins are cryptocurrencies that are largely driven by internet memes, hype, and community enthusiasm rather than underlying utility or fundamentals. The video highlights the significant performance of meme coins like Whiff, Floki, and Myro, attributing their success to the influx of retail investors attracted by Bitcoin's mainstream media coverage. The speaker suggests that meme coins may continue to outperform in this cycle due to their appeal to retail traders.

💡Real-world asset (RWA)

Real-world assets (RWAs) refer to tangible assets such as real estate, commodities, or financial instruments that are tokenized and represented on a blockchain. The speaker discusses Ono Finance as a leading RWA protocol, providing exposure to tokenized assets like US dollars, treasuries, and money markets. RWAs are seen as an exciting and popular vertical in the crypto market, with the potential for further growth and adoption.

💡Artificial Intelligence (AI)

Artificial Intelligence (AI) is a broad term referring to the development of computer systems and algorithms capable of performing tasks that typically require human intelligence, such as learning, problem-solving, and decision-making. In the video, the speaker expresses significant bullishness towards the AI sector within cryptocurrencies, citing upcoming events like the NVIDIA conference, new product launches, and general hype around AI as potential catalysts for price rallies in AI-related tokens.

💡Technical analysis (TA)

Technical analysis (TA) refers to the study of historical price movements and chart patterns to identify trading opportunities and potential future price trends. The speaker briefly touches on technical analysis when examining the price charts of various AI-related cryptocurrencies, such as FET, Ocean, and AX, to identify potential trading setups and leaders within the sector.

💡Decentralized Exchange (DEX)

A decentralized exchange (DEX) is a peer-to-peer cryptocurrency exchange platform that operates without a centralized intermediary. The video mentions Ribbon Finance, a project launching a new token for its decentralized perpetual exchange called Avo, as a potential trading opportunity due to the hype and speculation surrounding the token launch.

💡Barbell strategy

The barbell strategy is an investment approach where one's portfolio is constructed with both ultra-conservative assets (e.g., Bitcoin) and highly speculative assets (e.g., meme coins) while avoiding the middle ground. The speaker notes that this strategy has been outperforming in the current market cycle, as Bitcoin and meme coins have been the top performers, while major altcoins have lagged.

💡Alpha

In the context of trading and investing, alpha refers to the ability to generate returns in excess of a benchmark or market index. Throughout the video, the speaker emphasizes their goal of providing the audience with the latest 'alpha' or valuable insights and trading opportunities in the crypto market, particularly regarding altcoins, AI tokens, and meme coins.

Highlights

The recent Bitcoin leverage flush has reset market conditions, taking froth out of the system and setting the stage for an altcoin rally.

Using the dip recovery as an opportunity to identify the strongest rebounding altcoins can reveal coins likely to perform well going forward.

Bitcoin's surge to new all-time highs is attracting mainstream media attention, which could drive more retail interest in meme coins and other speculative altcoin sectors like AI.

The 'barbell strategy' of holding Bitcoin and aggressive meme coins has been one of the most effective portfolio constructions so far this cycle.

Whiff (WHIFF) has seen explosive gains, leading the charge among meme coins amid renewed retail interest.

Ribbon Finance (RBN) is ripping higher due to anticipation around the launch of its Avo perpetual exchange token.

Ono Finance (ONO) is poised to lead the way in real-world asset tokenization with its new onoG Global Markets platform for tokenizing publicly traded securities.

The AI sector is expected to be one of the strongest performers this cycle, with coins like FET, AXS, OCEAN, and CU exhibiting strength.

The upcoming Nvidia conference on March 18th is driving hype around AI, which could benefit AI-related crypto projects as a liquid trading proxy.

Lower-cap projects like RSS3 (RSSx) and WORLD Mobile Token (WMT) present interesting AI infrastructure plays.

The presenter took profits on the Golem (GLM) trade but still holds a small bag, believing it could continue performing well.

The presenter plans to share more micro-cap AI gems in an upcoming thread and video, so followers should stay tuned.

Overall, the recent market events have positive ramifications for altcoins, and the presenter is excited about the industry's positioning compared to a few months ago.

The presenter recommends using tools like ViewBase and BanterBubbles to implement the dip recovery strength identification strategy.

The presenter has an affiliate deal offering a $30,000 sign-up bonus for new BitGet accounts, providing access to trade many altcoins.

Transcripts

play00:00

last night's events may have triggered

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the next explosive altcoin rally in

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today's video I'm going to explain to

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you why the crypto market right now is

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perfectly set up for an altcoin

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expansion to the upside today I'm going

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to discuss why this is the case and also

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present to you some of my top altcoin

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picks over the next few weeks there are

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a few specific narratives which I think

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are going to perform really well that I

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want to discuss today one of them is the

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AI sector where're at the end of the

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video I'm going to give you my top picks

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and the top coins that I'm accumulating

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and watching in that sector and also a

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variety of other coins that are

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exhibiting strength in this recovery

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phase and just a reminder that if you

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haven't already make sure you click that

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subscribe button down below as well as

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hitting that post notification Bell for

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the latest crypto Alpha I've got some

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Banger content lined up for you over the

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next few days with my top AI gems and

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much much more of course I always do my

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best to give you the latest Alpha in

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this market whenever I get new

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information find new altcoin gems I

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always want to share them with you on

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the show to make sure you are early in

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this market and we can all succeed

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together in 2024 so you know where that

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subscribe button is let's get on with

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the rest of the show so before we get

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into the specific alt coins I think

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could perform well let's firstly look at

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what actually did happen last night what

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implications this has on the market and

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where I think we are currently sitting

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in the current altcoin phases looking at

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what happened to bitcoin it was

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remarkable price action it was actually

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the biggest Bitcoin leverage flush in

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over 6 months since August 2023 you can

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see over $1 billion of Traders got

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liquidated 864 million of them were long

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positions and even 260 million shorts

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got liquidated because we saw this

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massive Wick obviously we had the pump

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to the upside a fake out which actually

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did technically make a new Bitcoin

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alltime high but then a strong reversal

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to the downside which essentially

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flushed the leverage out of the market a

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lot of all coins are actually down 20 30

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even 40% in just a few minutes time and

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people were getting absolutely wrecked

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across the board if they were over

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levered so definitely another reminder

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not to go too crazy on The Leverage but

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the result of this leverage flush means

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that as you can see via the funding APR

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heat map a lot of the froth was actually

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taken out of the market and you can see

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that froth was building up it was

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getting more and more aggressive funding

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was going higher and higher and higher

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in some cases above 100% for the major

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coins and especially the meme coins

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which have been a vehicle for

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speculation and gambling from retail

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over the last couple of weeks but what

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happened was a total reset funding which

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was at 100% ended up reversing into the

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green territory now it wasn't quite

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enough of a pullback to Warrant negative

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funding which would suggest rapidly

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dropping prices but instead it leveled

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out in the safe green territory as

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exhibited by the funding heat map here

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on V so what does this tell me Well it

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tells me that we got to leverage flush

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that was extremely needed for the market

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it's not healthy when markets rise in

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price based purely off the back of ramp

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and speculation obviously crypto is a

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speculative asset class but when the

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system gets too over levered this is a

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recipe for disaster because it means

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when things go bad things go bad really

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quick and they unravel much much faster

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than people can get a grasp on and what

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happens then is if you have a 20%

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correction this can really impact

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sentiment and price can spiral downwards

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and downwards it actually end up being

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the collapse of a bull run this happened

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in 2021 over levered markets ended up

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resulting in a collapse of the bull run

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alongside a variety of factors of course

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like macro and then structural black

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swans on the crypto Market ended up

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exacerbating the issue but the

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underlying message I want to get across

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here is that this was an extremely

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healthy leverage flush for the market

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and the market is actually in a much

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better place than it was yesterday I

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mean the price is actually the same as

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it was yesterday despite that pump to

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the upside and then that dump to the the

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downside so I don't know why anyone

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would be panicking in fact it's actually

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a great sign for alt coins why because

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despite the dip a lot of people that

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missed the recovery bounce are now even

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more optimistic on alts because of the

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strong recovery that they exhibited it

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shows that there's a lot of strength in

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the altcoin market and a lot of people

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are now hungry to actually buy up these

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dips so it's poured fuel on the altcoin

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fire also we did need a Bitcoin

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correction because when Bitcoin is

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running ramper to the upside altcoins

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typically don't perform that well we do

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need a Bitcoin correction SLS slowdown

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for alts to have their turn this is

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something we're already seeing right now

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with ethereum starting to gain momentum

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versus BTC I'm going to touch on the

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altcoin phases in just a minute but

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firstly I want to teach a major lesson

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from yesterday and I want to give you

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some Alpha in the midst of what to some

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people was a devastating crash if they

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were over leverage there's actually a

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lot of valuable information that this

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crash and more namely the recovery

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actually gives us as investors to help

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us better position ourselves for the

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next few weeks and if you're smart

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you'll use this information to your

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advantage to actually make money over

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the coming weeks and months and of

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course the strategy I'm referring to

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here is using this dip as a way to

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identify the coins which bounce the

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hardest in their recovery phase because

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coins that are exhibiting strength on

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the rebound typically these are the

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coins that perform the best if the

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market continues to Trend higher so if

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we are going into a bigger altcoin

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season and I do believe we haven't

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really seen the true fun for altcoins

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just yet this cycle then of course the

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market is giving us valuable information

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in these dip recoveries to identify what

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the strongest altcoins are now I did an

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entire 20 minute video on this strategy

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so I won't go into too much depth I'll

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leave a link in the description below if

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you want the full strategy but I'll give

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you a quick couple of tips from that

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video the first one is I love using v

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data for this because you can actually

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compare different alts and how they

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recover it so you can see here that Ono

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is trading at the same level that it was

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trading at before the dip you can see

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ethereum is actually performing stronger

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than a lot of ults cuz it's trading even

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higher than it was before the dip

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Stargate on the other hand is not

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showing such good price action obviously

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it had its major dip it's almost back to

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pre- dip levels but it isn't even quite

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there and whiff is a great example of a

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strong coin that I'm referring to here

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in the midst of a correction that

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rebounded super super strongly actually

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rebounding from the bottom of this week

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to the current price over 100% so it's

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almost doubled and this is just an

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example of free money in the market in a

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bull run the best strategy that you can

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do is buy these aggressive Wicks and

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that's why I actually recommend setting

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limit orders on strong coins or coins

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you like because when we do get these

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leverage flush outs that gives you an

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opportunity to potentially trigger some

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orders at very attractive prices with

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for example if you were able to scoop

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this up at a dollar that's a free double

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your money trade overnight so this this

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is a really good strategy in a bull

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market we have this uptrend where price

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is going up then dipping then going up

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then dipping actually capitalizing on

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this dip periods is super profitable

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because that's where you get your best

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risk reward entries and if you're not

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sniping the charts all day cuz if you

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out the charts then of course you can

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enter you can just set limit orders and

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if you're trading spot you don't really

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need to worry about getting liquidated

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if price goes even lower if you do have

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leverage orders in make sure your

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Leverage is super low because you don't

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want to have unmanaged high leverage

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positions so just makes no sense and

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another tool that I really like which I

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also referred to in the video is B to

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Bubbles cuz you can toggle across

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different time frames the daily is

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really useful in this instance to see

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okay during the dip which coins are

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actually higher now than pre- dip a day

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ago we can see Unis swaps one of them

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whiff is one of them so meme coins

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performing well ribbon's one of them I'm

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going to talk about the reason why this

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is one of them later fet and AR so some

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of the AI dpin plays also performing

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strongly AI I'm going to give you some

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of my top picks later in the show and

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explain exp why I think they're

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performing strongly and importantly

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ethereum is actually outperforming

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Bitcoin and a lot of alts today as we

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are seeing that rotation into the next

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phase of the cycle potentially what are

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some of the other strong coins that are

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performing well well meme coins are

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undoubtedly the strongest performers

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right now retail is absolutely

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gravitating towards these meme coins

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whiff is actually something that I

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called on the show at about a120 it's

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over $2 an now so that's a strong

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performer but Myro is your catch-up play

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followed by a lot of these other AI

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coins as well that we're going to

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discuss later in the show Luna's also

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showing some interesting price action

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this is actually an interesting trade

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there's kind of this salava narrative

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starting to come back into the market

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which is funny it's kind of a bit of a

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meme but I mean it's pumping and Luna in

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a sense is a meme coin at this stage

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maybe some of the lunatics won't want to

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hear that but that's how it's trading

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it's a community it's a religion there's

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not that much being built on it so it's

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essentially become a meme coin and

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another list that I really liked was

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paradise's list you can go and follow

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him by the way he's a great Trader and

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he he has Myro Luna synapse Theta

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optimism lone C so Luna classic ethereum

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tow with beam and jasmi as his relative

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strength place from the lows so these

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are the coins he identified that bounce

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the strongest but of course you can

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implement this in your own trading and I

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always recommend that because there will

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be times where I'm not making a video

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and you're going to need this strategy

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for yourself so I highly recommend using

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V and banter bubbles to implement this

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yourself so before I get on with some of

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the alt coin sectors and coins I think

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are going to perform stronger over the

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next few weeks I want to remind you that

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if you do want to sign up to trade any

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of these altcoins I have one of the best

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deals available for you right now if

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you're looking for a new bitg account a

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$330,000 sign up bonus if you sign up

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and deposit for a brand new bitg account

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that you can access via the link in the

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description they have pretty much all

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the meme coins a lot of the newer alts

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that are listed get on bitg before other

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exchanges so if you do want to trade

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over there that's obviously going to

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give you access to these coins and also

play09:56

access to that massive $30,000 sign up

play09:58

bonus bonus so where are we currently

play10:01

sitting in terms of the altcoins the PA

play10:03

to alt season graph sometimes this is MD

play10:06

it's kind of been a bit overused in my

play10:07

opinion in the crypto space but there is

play10:09

still some validity here to

play10:11

contextualize what phase we're currently

play10:13

sitting in now although we've kind of

play10:14

been oscillating there's been an

play10:16

accelerated nature of the Market's

play10:18

propensity to churn through these phases

play10:20

generally speaking I don't believe we've

play10:23

hit the true phase three and phase Four

play10:25

Seasons yet because Bitcoin has started

play10:27

to run ethereum has started to enter

play10:30

this interchange phase where ethereum

play10:32

goes back and forth with Bitcoin and

play10:34

starts outperforming it this is exactly

play10:35

what's been happening during this phase

play10:37

overlap phase of course the market

play10:39

started to front run and pump a lot of

play10:40

altcoins namely meme coins but we

play10:43

haven't really seen this liquidity flow

play10:46

happened yet into the large caps and the

play10:47

midcaps so I still do believe in terms

play10:49

of an ALT season a greater alt season

play10:52

this year I'm not saying it necessarily

play10:54

happens right this second but certainly

play10:56

this year I still think there's still a

play10:58

lot of room to run in the strongest

play11:00

narratives we'll talk about some of them

play11:01

later in the show but AI is a great

play11:03

example of a strong narrative meme coins

play11:05

are now presenting themselves as a super

play11:07

strong narrative but it definitely is a

play11:09

good sign that ethereum is now starting

play11:11

to perform well and I want to reh

play11:13

highlight the point I made before in the

play11:14

show that the way we've recovered from

play11:16

this dip actually filled a lot of people

play11:18

with confidence and the general

play11:19

overarching sentiment I'm seeing on

play11:21

Twitter is a sentiment of optimism and

play11:24

bullishness and actually fomo from

play11:26

missing the dip buying opportunity shows

play11:29

to me that despite that flush the market

play11:31

is actually now more optimistic and more

play11:34

willing to fomo into the market cuz they

play11:36

missed that dip and that's a dangerous

play11:37

combination because now a lot of the

play11:38

Leverage is out of the market but the

play11:41

demand for these coins is still there so

play11:43

now we have a healthier Market structure

play11:45

compared to yesterday and that's why I

play11:46

said at the start of the show yesterday

play11:48

was actually a major event that in my

play11:50

opinion has triggered even better market

play11:52

conditions for crypto as a whole so

play11:55

let's look at some of these strongest

play11:56

narratives that you can potentially

play11:58

position yourself in and some of the

play11:59

coins that you should be watching right

play12:01

now so clearly Bitcoin is absolutely

play12:03

pumping what this Bitcoin pump has done

play12:05

is it's thrusted Bitcoin back into the

play12:08

mainstream media Spotlight you have

play12:10

Bloomberg posting multiple articles a

play12:13

day it's being spoken about on National

play12:15

Television CNBC also covering Bitcoin

play12:18

even though not all the coverage is that

play12:19

glowing towards cryptocurrency which is

play12:21

funny it's giving exposure to the crypto

play12:23

Market as a whole Bitcoin even if you

play12:26

think that this Cycle's different due to

play12:27

ETF demand flows Etc that's an argument

play12:29

for another day one thing you can't deny

play12:32

is that Bitcoin is the greatest

play12:34

marketing that there is for

play12:35

cryptocurrency when mainstream media

play12:37

talks about Bitcoin it alerts people to

play12:40

the fact that crypto is going up and

play12:42

when retail are alerted to crypto going

play12:44

up what do they do well when they step

play12:47

into the market they don't look at these

play12:49

crazy fundamental defi alts they they go

play12:51

straight for the left curve stuff they

play12:53

go straight for sectors like AI meme

play12:56

coins gaming these kind of narratives

play12:59

but mostly the meme coins if I'm being

play13:00

completely honest with you that's where

play13:02

they get attracted so this whole

play13:04

marketing push that Bitcoin hitting

play13:06

all-time highs has had on the crypto

play13:08

Market is really marketing the memecoins

play13:10

more than any other Niche and here's the

play13:12

thing Bitcoin hasn't really had enough

play13:14

time above its all-time high it really

play13:16

just tagged its alltime high technically

play13:18

made alltime highs to fully assert

play13:20

itself in the mainstream media as we see

play13:22

bitcoin price Discovery as I believe we

play13:24

will get there will be more and more and

play13:27

more coverage of the Bitcoin price the

play13:29

higher Bitcoin goes the higher and

play13:31

longer it stays above its all-time high

play13:34

the more marketing it's going to get and

play13:35

the more it's going to attract people in

play13:37

and that's why I believe meme coins

play13:38

although they have run a lot they

play13:40

actually could be here to stay this

play13:41

cycle and some of you might hate to hear

play13:43

that cuz maybe you've missed the meme

play13:44

coin run maybe you haven't had an

play13:46

opportunity to position yourself maybe

play13:48

you just don't understand meme coins you

play13:49

prefer fundamentals that's cool but hat

play13:52

it or love it we all just have to accept

play13:53

memes are going to outperform again this

play13:54

cycle hate it or love it that's the

play13:56

truth that's the reality of the crypto

play13:58

Market retail likes memes and crypto is

play14:00

getting a lot more exposure now with

play14:01

Bitcoin at alltime highs coinbase as

play14:03

well finally entered that top 50 again

play14:06

ranking at number 49 for apps on the App

play14:09

Store in the US so we are now seeing

play14:11

retail coming back this is a key

play14:13

indicator cuz retail downloads UPS like

play14:15

coinbase when they want to get into

play14:16

things like meme coins now here's a very

play14:19

interesting observation about where the

play14:20

market sits right now the barbell

play14:22

strategy a strategy that I shared on my

play14:24

Twitter account almost a year ago is

play14:26

actually working the best so the ones

play14:28

that have portfolio constructions mostly

play14:30

geared towards major caps they're

play14:32

underperforming right now and maybe

play14:33

that's you and you're probably feeling

play14:35

the fomo right because the Bible

play14:36

strategy is out performing now what is

play14:38

the Baro strategy the barber strategy is

play14:40

where you combine a hyper aggressive

play14:42

asset allocation with a hyper

play14:43

conservative asset allocation in very

play14:45

simple terms on the left you have

play14:46

Bitcoin it's the most conservative

play14:48

crypto asset and coinbase stock if you

play14:50

want to count that and the hyper

play14:52

aggressive Investments are the mem coins

play14:54

the complete Deen stuff that you might

play14:55

think's rubbish in the middle of a

play14:57

typical portfolio Construction you would

play14:59

have your Majors however right now it's

play15:02

clear that the ones that are just

play15:03

holding Bitcoin and memes are performing

play15:04

the best cuz Bitcoins are performing

play15:06

most alts only recently have things

play15:08

started to slightly shift but overall

play15:10

Bitcoin has outperformed most alts and

play15:12

then your hyper aggressive memec coin

play15:14

plays have outperformed the major and

play15:16

the mid cups so this barbell strategy

play15:18

has actually been the most effective

play15:20

strategy so far this cycle and it could

play15:21

continue to be for the foreseeable

play15:23

future the only thing I will say on this

play15:25

is that I do think we are seeing a

play15:27

little bit of a shift into ethereum well

play15:28

it's clear that's what the charts are

play15:29

telling us so this may be changing

play15:31

slightly but I still do believe going

play15:33

hyper aggressive in a bull run is the

play15:34

way to make the most gains absolutely so

play15:37

the strategy definitely has some Merit

play15:38

so I wouldn't Chuck your entire strategy

play15:40

out if you're not following this it's

play15:41

just an interesting observation that

play15:42

that this is the best construction

play15:44

that's performing right now so memec

play15:46

coins clearly is what's getting retails

play15:48

attention as they flood back into crypto

play15:50

wh is really leading the charge in terms

play15:52

of price performance absolutely exploded

play15:54

I actually did call this on the show at

play15:56

a120 it's now over $2 Wicked up to

play15:59

$220 this is one that I said I was I was

play16:02

bullish on and I actually said I

play16:03

preferred it to Doge cuz it's just cuter

play16:05

and I think retail just gravitates

play16:06

towards that Meme more than Bitcoin and

play16:07

the Ser has been pretty spot on even you

play16:09

know in the 4 days since I uploaded that

play16:10

video some other meme coins that are

play16:12

performing well flocky performing very

play16:15

well in light of their new Burn

play16:17

mechanism which they recently passed

play16:19

they've got 25% of the supply staked so

play16:21

slightly reduced supply pressure and a

play16:23

supply crunch potentially coming from

play16:25

that burn mechanism that's obviously

play16:27

starting to Garner some hype Myro

play16:28

performing really really well which is

play16:30

named after the salana co-founders dog

play16:32

kind of gaining popularity versus Bonk

play16:34

which is the leading meme coin on salana

play16:36

and has a lower fdv so that's an

play16:38

interesting play for me obviously these

play16:40

are very D gen plays and in this market

play16:42

you got to be careful because mem coins

play16:44

have run a lot but those are some of the

play16:45

ones that I'm seeing gaining some

play16:47

traction but let's move away from the

play16:49

meme coins now because I've been

play16:50

covering them a lot and let's move on to

play16:52

some of the other narratives I think can

play16:53

perform maybe the ones that haven't run

play16:55

so much that I think still have a lot of

play16:57

potential so I'm going to touch on two

play16:58

alt coins which are clearly leading and

play17:01

could continue to lead for the

play17:02

foreseeable future and then I'm going to

play17:04

get into AI which as a sector as an

play17:07

entirety I'm extremely bullish on and I

play17:10

do believe a lot of the AI coins are

play17:11

going to absolutely fly this cycle and

play17:14

if you aren't already positioning

play17:15

yourself in AI or at least thinking

play17:16

about it I would definitely start waking

play17:18

up to doing that because I believe AI

play17:21

will be an extremely extremely strong

play17:23

sector uh it's one of the sectors that

play17:24

most bullish on longterm in crypto

play17:26

actually but even in the shorter term

play17:27

with all this hype and video conference

play17:29

Etc which we'll get into I think it can

play17:31

perform Super strongly the first allcoin

play17:33

I want to touch on before we get into AI

play17:34

is ribbon Finance ribbon Finance is

play17:37

absolutely ripping if you go into banter

play17:39

bubbles you can see it's actually the

play17:40

leading token today out of the major

play17:42

caps why is it flying well it's flying

play17:44

because they're launching a new token

play17:46

you can see here March 13 is being

play17:48

teased as the date with the token posted

play17:51

here for an application called Avo Avo

play17:54

is a Perpetual exchange it's one of the

play17:56

best per dexas that I've actually seen

play17:58

in crypto that allows you to trade a

play17:59

variety of assets but also pre-launch

play18:01

tokens where you can trade tokens before

play18:03

they've even launched trading volume in

play18:04

AO is super high at the moment and price

play18:06

actually has been more stable if you

play18:08

compare the liquidity on AO compared to

play18:10

a lot of centralized exchanges so it's a

play18:12

great product it's obviously got big

play18:13

backers like Paradigm dragonfly coinbase

play18:17

some of the reasons why it's performing

play18:18

so well and this new token is garnering

play18:21

some hype because it's trading on Wales

play18:24

market so this is a Futures Market at

play18:26

over $3 per token now now if you look at

play18:28

the ribbon token it's a$1 12 so if there

play18:32

is a Redemption from ribbon into Avo

play18:34

then technically there's almost a 3X on

play18:37

the table if you look at Wales market

play18:38

now this does come with some risk

play18:40

because Wales Market can sometimes have

play18:41

fake fills there is some speculation

play18:43

because of the time involved during the

play18:45

Redemption period so there is some risks

play18:47

but the reason why the token's repricing

play18:49

higher is simply because people are

play18:50

really bullish on Evo um and I'm bullish

play18:52

on AO as a product so the token is

play18:54

obviously trading at a higher value I

play18:56

also want to make it clear that I am an

play18:57

investor in AO as well so this is one

play19:01

that's performing really strongly and

play19:02

there could be a trade here like

play19:04

obviously it's absolutely ripped but I

play19:06

still do think there could be a little

play19:07

bit more room for this to run so that's

play19:10

why I'm I've still got my eye on ribbon

play19:12

but obviously AO is the one that I'm

play19:13

really looking forward to you can

play19:14

already use the product now but the

play19:15

token itself will be interesting as well

play19:18

another leader in the market that I

play19:20

think can be one of the best performers

play19:22

not just over the next month but

play19:24

continued to be a strong performer this

play19:26

year is Ono Finance it's really the

play19:28

Premier rwa protocol and if you want

play19:31

exposure to rwa right now unless you go

play19:33

really indirect by like investing in

play19:35

oracles or layer one blockchains I mean

play19:38

the most direct way to get exposure is

play19:40

is really an application like Ono now

play19:42

they just announced a new update which

play19:44

is absolutely massive which is solving

play19:46

the rwa liquidity problem which is

play19:49

called onog Global markets which is a

play19:51

platform to bring all publicly traded

play19:52

Securities on chain with Native access

play19:55

to traditional Securities Exchange

play19:57

liquidity this is absolutely crazy I

play19:59

mean we haven't really seen this sort of

play20:01

Securities tokenization occur in crypto

play20:04

to this date it may not take off but if

play20:06

it does take off it's going to be

play20:08

absolutely massive so Ono Finance who

play20:10

are backed by panta coinbase Etc

play20:13

Founders fund they're really Leading The

play20:15

Way Paving the way for iwa protocols you

play20:17

can already start earning yield on US

play20:19

dollars US treasuries US money markets

play20:21

right now it's an absolutely amazing

play20:23

product and I think because they built

play20:24

something so solid even at a $5 billion

play20:27

fdv cuz considering they've got a

play20:28

relatively low float at a 700 mil market

play20:31

cap I think this one still has room to

play20:32

run especially when rwa sees that

play20:34

narrative kick off again because it's

play20:36

kind of been stagnant since January but

play20:38

the whole Larry think asset tokenization

play20:40

narrative it's bound to rear its head

play20:41

again it's a it's a very exciting and

play20:43

popular vertical in the market so now

play20:46

let's move on to AI the last exciting

play20:48

and popular vertical in the market that

play20:49

I want to discuss today um but last but

play20:52

not least cuz I think AI is going to be

play20:54

one of the strongest performers this

play20:55

cycle and over the next 2 weeks I also

play20:57

expect AI tokens alongside the meme

play20:59

coins to be some of the strongest

play21:01

performers why you've got the Nvidia

play21:03

conference on the 18th of March let's

play21:05

not even talk longterm because I'm doing

play21:07

a long-term thread tomorrow make sure

play21:08

you follow me on Twitter Link in the

play21:10

description for that I'm going to do a

play21:11

video breaking down these alt coins in

play21:14

more depth in a couple days so let's not

play21:15

even talk long-term in today's video

play21:17

let's just talk about the short-term

play21:18

trade cuz you guys know my opinion on AI

play21:20

long-term the conference is on March

play21:23

18th there's a lot of hype into the

play21:25

conference the beauty about AI is it has

play21:27

a lot of these

play21:28

World narratives whether it be

play21:30

conferences investment in the real world

play21:32

new launches like Sora new products

play21:34

always coming out this gh's attention

play21:36

and hype for AI in the real world and we

play21:39

see this same hype flow in the crypto

play21:41

Market which is a highly liquid market

play21:43

and a highly liquid representation of AI

play21:45

compared to more E-liquid asset classes

play21:48

like stocks AI crypto even though a lot

play21:50

of them aren't even really AI cryptos

play21:52

are just way more accessible than the

play21:54

stock market so it's very easy for

play21:56

people to liquidly trade these

play21:57

narratives and height and for that

play21:58

reason if you're going to trade the

play22:00

Nvidia hype into the

play22:02

conference the AI coins make for a

play22:05

decent proxy and that's why I think they

play22:06

can actually perform well and continue

play22:08

the charge to the upside I mean that

play22:10

combined with the fact that everyone's

play22:11

talking about AI right now it's funny

play22:13

because I've been talking about AI for

play22:14

like over a year on crypto banter I've

play22:15

done so many threads on it in the past

play22:17

but recently a lot of big creators like

play22:19

Alex Becka starting to cover it

play22:21

everyone's jumping on the AI

play22:23

bandwagon it's definitely got some

play22:25

retail mind share going for it that

play22:28

share I don't even think has really even

play22:29

hit its major inflection point yet but

play22:31

let's just look at the chart and see

play22:32

what the TA is telling us fet breaking

play22:34

into new highs ocean lagging behind I do

play22:37

like these laggards usually I like to

play22:39

Long leaders so that's why I think Fett

play22:41

and ax are decent plays but ocean is

play22:43

interesting to me CU it did have this

play22:45

deep Wick but actually did bounce quite

play22:47

nicely so it's one of those coins where

play22:48

you can say Well it actually did exhibit

play22:50

some decent strength on the bounce

play22:52

you've got ax as well slightly weaker in

play22:54

the shorter term but is one of the major

play22:56

leaders so this is also one that is an

play22:58

interesting trade you've got wld World

play23:01

coin as well which is a major support

play23:04

that's interesting to as well just goes

play23:06

from strength to strength being one of

play23:08

the biggest decentralized AI

play23:09

infrastructure plays in the market now

play23:12

there are a couple lower caps which I

play23:14

want to mention obviously these do come

play23:15

with more risk it's not that low cap I

play23:17

think it's almost 2 or 300 million fdv

play23:19

but rss3 is another one that I'm looking

play23:21

at that has some decent price structure

play23:23

they're backed by notable investors such

play23:25

as coinbase bellagi dragonfly GG ggv

play23:28

capital and they've got their main net

play23:30

launch coming very very soon the way I

play23:32

think about rss3 they're basically doing

play23:34

what the graph does in terms of indexing

play23:36

but for the AI world and they also

play23:38

Implement Celestia data availability so

play23:40

they're a modular play basically

play23:42

represented via an L2 with Native gas

play23:45

using optimistic rollups so it's an

play23:48

interesting play from a tech perspective

play23:49

but just from a chart and a hype trade

play23:51

perspective I think this one can perform

play23:53

quite nicely I also mentioned Golem in

play23:55

my last video congrats to everyone that

play23:57

got into that trade that ended up being

play23:59

an absolute Banger let's actually look

play24:00

at what Golem's sitting at right now I

play24:02

did take some profits I think yesterday

play24:05

on that trade that is currently sitting

play24:08

at 68 C so you basically up double your

play24:11

money on that trade it's absolutely

play24:12

amazing I still do like this I'm still

play24:14

holding a small bag of this and I still

play24:16

think this can perform well but I do

play24:18

prefer some of the others and I'm going

play24:19

to leave some of the more micro cap

play24:21

plays for tomorrow's thread and video so

play24:24

if you do want to check that out make

play24:26

sure you're following me on Twitter and

play24:27

make sure obviously you have post

play24:28

notifications turned on for this channel

play24:30

so you are up to date with the latest

play24:32

Alpha because I will cover that so those

play24:34

are some of the plays I'm looking at

play24:35

right now the AI sector super hot you've

play24:38

got Ono you've got ribbon one of them's

play24:40

a DEX the other one's a very strong rwa

play24:43

play and then of course the meme coins

play24:44

these are the strongest narratives that

play24:46

bounc the best and I think could also

play24:48

outperform over the next couple of weeks

play24:50

but in general what happened yesterday I

play24:52

think is going to have positive

play24:54

ramifications for the altcoin market

play24:56

this doesn't mean altcoins are

play24:56

invincible there definitely can be draw

play24:59

downs but things are definitely looking

play25:00

good for crypto and it would be remiss

play25:02

of me not to share my excitement with

play25:04

you just generally how the industry is

play25:06

position now compared to even just a

play25:07

couple of months ago so I'm going to see

play25:09

you in the next video I'm continuing

play25:11

with daily uploads to give you the

play25:12

latest Alpha in the crypto Market stay

play25:14

tuned for that AI thread tomorrow it's

play25:15

going to be an absolute Banger peace out

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