Let’s keep working…
Here’s an update on the market:
Bitcoin has managed to climb back to $43,600 but faced a short-term rejection there. This morning, we experienced strong and sudden sell pressure, showing that the bears are still very much in the game.
It’s hard to predict exactly what’s going to happen next, but there are two important levels we should keep an eye on:
• $44,100: This is a major resistance point. If Bitcoin can break above this, it might continue its parabolic rise.
• $40,000: This is our current main support level. If we lose this, it could lead to another significant crash.
Until one of these levels breaks, we can’t be too sure about the current trend, and we should expect high volatility, sideways movements, and sudden price wicks.
This version retains the original’s tone and structure, focusing on the key points of market analysis and expectations.
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Be careful until it’s fixed. Not sure how reliable but I am avoiding any web3 connections rn.
$FMC
Low cap gem that launched today, read about it, should be worth the time
https://x.com/thedude0ne/status/1735132928881930540?s=46&t=yw4yJENAehNf0vOWVYcRUw
Launched today on bybit
Impressive and strong reaction
We should confirm the uptrend continuation in just few hours but looks good enough already.
Strong volume and traditional markets rallying as well. I will be scaling longs on alts now slowly.
In resume:
Market looks shit, avoiding any futures positions until conditions are improved and market is more stable. Also I am being careful with my main wallet spot bags.
Expecting another correction unfortunately.
Another sudden crash ongoing. Affected our positions again.
Market is terrible rn, won’t open any new positions until conditions are improved otherwise we will just give back.
Once market is ready I am more than confident we will recover and surpass ATH.
Gn all, take it easy and be safe.
Another important point to make:
Spot portfolio is completely different from futures account.
I still hold many bags there and just letting them do their thing fyi
For example: $MOVR $GLMR
Talk later, time to reset and kill once market looks better to trade.
Gm all! Yesterday was tough but we have to keep working!
Market still looks weak therefore I won’t be longing much. In fact I will should actually just watch and plan everything.
Let me know your thoughts on current market👊
Haven't seen a flash crash like this in crypto in a long while.
Multiply it by 10x on altcoins.
I was max long on many alts and still managed to control losses to a point that should be fine to recover fast therefore I am actually quite happy with our copy trade account today.
Tomorrow volatility and volume will be high. Should be a good day to trade.
First bad day we had!
Market crashed and fast. Managed to limit losses but still was a heavy hit. Let’s recover this week, Gn all.
Good morning, everyone.
Just wanted to clear a couple of things up about our copytrade account:
1. Regarding Profits and Fees: I don’t make any money if we’re losing. I only get 10% of the profits, and that’s on a weekly basis. Since we had a loss this week, I haven’t made any money myself. So, please don’t think I’m doing this to farm fees or profits – that’s not the case.
2. My Investment in the Account: I’m the number one investor in the copytrade account. This means I’m more invested than anyone in seeing this account grow.
I’ve been successful over the years, through good times and bad. I’m dedicated to continuing our winning trajectory. Considering the current market volatility, we’re going to avoid new positions for the time being. I’ve evaluated some strategies that should work well even under these conditions and I will explore them this week.
This will be my last update on this for a while. It’s time-consuming and, in my opinion, unnecessary. I’ll only bring up the copytrade account again when (and if) we get back above our All-Time High (ATH).
Remember, this is a high-risk portfolio, involving futures in the already volatile crypto market. You shouldn’t invest more than you can afford to lose.
Let’s reengage with the main channel for now, focusing on spotting trades and gems. We’ll keep the updates on the futures portfolio for later.
Hey team, today threw us a curveball with an unexpected flash crash. It's been a rollercoaster, especially in futures trading. Just when things seem steady, the market takes a sharp dive.
A bit of context - we started at 16k, and now, after all the ups and downs, we're at 20k. It's a bit of a relief, but honestly, it's not where we hoped to be by now. It feels like we're just treading water, barely ahead of where we began.
I should also mention our stop-loss orders. They were set, but with the market crashing like it did, they got triggered and filled at much lower levels than we expected. That definitely didn't help our situation.
So, here's the plan: I'm going to take a step back and let things settle. No use battling the market when it's this unpredictable. I'll keep an eye on things, and we’ll jump back into more active trading once the market starts to level out a bit. Thanks for hanging in there with me. We'll ride this out and look for a better window to make our move.
Gm all, most alts have suffered yday with the exception of very few.
As mentioned before I will wait a trend confirmation to resume trading on futures account. Right now market is unstable, full of fakeout and sudden moves.
Sometimes watching and waiting are the best things that you can do.
All the best!
Attention to all following my copy trade strategy: To mitigate slippage issues, I strongly recommend activating the Bybit CopyGuard feature. This will prevent market orders from executing during periods of high volatility, which can lead to significant price differences.
Furthermore, I will be closing the account to new followers. Our Assets Under Management (AUM) have reached a level where it's impacting our trades, contributing to slippage and other inefficiencies.
I acknowledge that the past few days have been challenging. The market has been unpredictable, characterized by fakeouts and sudden, volatile movements. Despite this, I remain optimistic about future market conditions and am confident in our ability to achieve better results.
I also realize that some of you joined our copy trading venture after our initial success. As a result, even though the overall strategy is still showing a 2x gain, you might be experiencing losses. This unfortunate timing can affect individual performance.
Despite these challenges, I am committed to striving for higher returns. However, it's crucial to remember the inherent risks of crypto trading, especially with a leveraged futures account which can amplify volatility. Always invest only what you can afford to lose.
Good afternoon, everyone. Let's continue working.
Ok guys. Stopping for today. Tried to short few alts but did not age well. Only BTC dumped.
Now I will just wait! We went from 16k and currently at 42k in just few days and I will preserve our profit.
Once market stabilizes and shows a clear trend then I will take action again.
Good afternoon all and sorry for the bad trades dudes, tried my best but last two days were not good. Let’s reverse that once market looks better.
Buying and accumulating long term spot bags right now can be interesting but opening leveraged longs is risky due to BTC (Still looks weak)
Btw our $POND bag has finally moved! Took a while and quite interesting market conditions to be pumping to say the least haha
Gn all, time to rest! Tomorrow should be a nice day to trade!
Have a great one you all 👊
Sudden and intense crash. Obviously unexpected.
Let’s keep pushing though, we are fine 💙👊