URGENT: Bitcoin Just Printed A Historic Top Signal! [I'm Doing This NOW]

hello guys welcome back to the channnel I hope you've had a wonderful Christmas period today we are going to be speaking about the Bitcoin top signal which has just presented itself on the charts before you comment that this is clickbait or that I'm just fuding make sure you do watch that section of the video because the outcome doesn't necessarily mean what you think for alt coins but I do think it's an important thing to discuss when it comes to positioning for the next few weeks and hopefully in this video I can help provide you some

guidance as to how I think the next few weeks in crypto are going to pan out heading into the new year I'm also going to be talking about the top altcoin narratives that have got my eye on heading into January because there are some clear Trends right now which are exhibiting relative strength and I am also going to address lucky I want to make light of the entire situation and give you my take on what is happening over on that side so without further Ado let's get into the video and start with our discussion surrounding

Bitcoin looking at very basic technical analysis right now you can see that we are currently testing the lower bound of the money noodle indicator on The Daily which is basically a moving average you also have Confluence with the range low region here which we are currently bouncing off now I'm going to keep it real with you bitcoin's price action right now doesn't look great however this is something that over this Christmas slh oliday period we did expect to be the case considering liquidity and interest in the market is super below so I think in terms

of establishing a clear Trend we're going to have a much better idea in January but right now this price action does look slightly distributive and in a few minutes I'm going to show you some similarities to the exact same price action that Bitcoin put in during the 2021 local top and I think that can help us make some sense um of the current market we're also exhibiting a similar fractal to what we did in the back end of 2023 so this bitcoin price action isn't uncommon we just need to navigate it in the correct manner

over the next few weeks if you want to position yourself correctly for the next leg of the cycle so that is currently what I'm seeing on the Bitcoin chart basically multiple retests of this support level we'll talk about whether I think that is going to break in a few minutes here the other thing to keep in mind is that you have two major liquidity blocks building up on both sides so you have this area below 94k which is a big area of Interest roughly between 92,000 $500 $93,500 and then you also have a major area

of interest at the 100K level basically what this means is we are currently in a range and the horizontal price action also exhibits this on the daily you have the range low interest kicking in at around 92,500 and you have that resistance kicking in at $100,000 and right now we are just chopping sideways either side of that range these are both zones where there are significant stop losses to the downside and also stop losses for the shorts to The Upside and that's why you are seeing occasionally these big liquidation Wicks either side of the range

before consolidation back into the range so we are compressing into this zone right now between 925 and $100,000 once again we're going to talk about whether I think we could potentially see a break to either side based on the previous chart patterns that we've seen in 2023 and 2021 which I think are both in terms of a fractal the most relevant to the current situation taking a quick look at Bitcoin dominance here you can see that we have seen a slight decrease in dominance over the last few days obviously altcoins sold off the most when

we had that initial big dip on altcoins last week but now we have started to see SS recover slightly versus Bitcoin so the selloff for Bitcoin has extended but for TS many of them have kind of found a flaw around the their daily levels uh daily horizontal levels and also the 200 moving average so what I would encourage you is when you are looking at altcoins go on The Daily or the weekly chart and before you buy anything look at the major daily support levels because a lot of alts are now coming down to test

those levels and that does give you quite easy levels to bid in terms of having very clear invalidation which of course we love as traders in the market so keep your eye on alts that are retesting those levels obviously having the prerequisite of those alt coins being from a strong narrative we're going to discuss those narratives later in the video having uh exhibited relative strength during dips and decent price action as well as having a trend that you think can take it forward in q1 if we do see a bigger bid for altcoins over the

last day there have been a few alts which have rebounded but it's really interesting to look at what alts have actually been exhibiting strength so you've got virtual which is performing really well there was actually a big whale that was dumping a lot of virtual which was suppressing price but there is the sentiment now that that whale is out of the market which is why you're seeing the price rebound very strongly inter ly you're seeing centralized exchange tokens have a huge run so bgb the gate token and the okx token this is something that I

actually spoke about if you remember a couple weeks ago on the show I said keep your eye on Exchange tokens because during volatile periods exchanges are obviously making a lot of Revenue and during massive pumps they're also reflexive to the upside as more people are signing up for Exchange accounts so that thesis is kind of starting to play out now with the relative strength here and I do think if TS did go on a massive run you would see the centralized exchange alts performing World clearly just based on the trend we've seen over the last

week bgb obviously up 92% apart from that most other alts are down however it's also important to look at what alts are down less than others so a lot of the rwa alts as you can see are down less a lot of the utility alts are down less a lot of the l1s are down less the alts that seem to be down the most are the meme coins or conversely the coins that have had major run-ups and have hit a catalyst and then seen a seller for example Phantom is one of the biggest losers this

week because you had the Sonic Network actually go live so there's a bit of BU the rumor sell the news at play um so it had a big Catalyst but obviously it had uh run up a lot as well so that's why we've seen a bigger retrace actually side note I think Phantom might be a decent one to DCA into over this next period we'll get into my full plan um in terms of altcoin slightly later in the video once we get through this Bitcoin section here interestingly from a macro perspective on bitcoin dominance we

typically see dominance peak in the we typically see dominance peak in the Haring year and end up reversing substantially in the post harving year now obviously 2024 was a Bitcoin Haring year but next year 2025 is a post Haring year where typically you see the biggest gains on alts and the biggest reversal versus Bitcoin on alts which results in a decline in Bitcoin dominance that has happened the past two cycles I am anticipating this does happen again and we have started to see the early signs of this occurring with the lower high Now setting in

which is quite clearly on the day in terms of Bitcoin dominance now if Bitcoin does have another L to the downside which we're going to speak about then you might see dominance Spike again but I'm still skeptical that we will see a breaching of that prior high at 61 it may end up being a double top pattern that actually starts to form even if we cleared this previous high and that's assuming that we do clear the previous high so I do think we have started to see the early signs of a reversal on bitcoin dominance

you see this move here potentially creating a lower high which is obviously good for altcoins it's not in apparently good for olds in terms of USD prices cuz we are looking at prices relative to bitcoin but it's good in terms of the sentiment shift that when new liquidity comes into the market you know what coin actually gets the bited the most Bitcoin or the altcoins well typically it's the one with the most momentum momentum is everything in crypto so if alts have more momentum going into a liquidity influx in the market theoretically dominance should decrease

even further and altcoin should catch a further bid off the back of that it's interesting though actually looking at SS versus bitco coin so the others chart which is the altcoin index excluding the top 10 versus Bitcoin they've barely moved I mean you had this big wick into this um diagonal resistance level as well as the moving average but you've ended up seeing a massive reversal and then a flush out uh kind of like a Darth Maul candle taking out liquidity on the other side of the wick so altcoins actually haven't really moved yet that

move was basically just a fake out if you look at the monthly chart we still haven't even had a break of the others BTC chart anything near reflecting what we got in 201 21 and if you actually want to draw in the similar price action that happened in 2021 early in the post Haring year which we're about to head into in January that's where you actually saw this break so the similarities for altcoins versus Bitcoin are actually quite striking this cycle versus the previous cycle so that's something to keep your eye on and if you

are like a heavy altcoin Trader or investor and you're looking for a signal to go more risk on yes dcang is a valid approach which we're going to speak about later and that's an approach on major dips that I always preach here on the channel just as you should take profits on major rips however if you are a little bit more riskof or you're being a bit titer with your Capital at this stage in the cycle there actually is nothing wrong with waiting for a confirmed break not necessarily just on others BTC but also you

know on the previous High break on total three and waiting for certain alt coins to gain momentum instead of trying to catch a bottom there's nothing wrong with that trading style it's called a trend trading style and that's actually something that for Less experienced Traders I recommend um instead of trying to like time in Bottoms and get too finicky with actually timing the lows and timing the tops so there's actually no need to rush right now I'm not feeling like a panic to accumulate before this breaks you can also wait for Trends to start to

establish themselves and then position yourself accordingly so at this point in the video you might be wondering miles what were you alluding to in the title and the thumbnail of the video well what I'm alluding to is the distributive price action which I want to discuss so basically I was just scrolling through my charts and I was taking a look at Bitcoin and I said hm this doesn't look great like I'm just being completely objective based on price action and then we'll actually put in the seasonality behind it after we look at just the technicals

to actually assert how you can trade off the back of this but just on face value just looking at the chart with no other context no seasonality you know disregarding the fact we're going into a post Haring year which is typically bullish for altcoins and Bitcoin I just looked at the chart and I said look this does look a little distributive so then what I did is I went through distributive patterns that are typical in bull runs so I went through the previous cycle in 2021 I went through the price action from last year in

2023 and I noticed some similarities now the first similarity that I noticed is just how similar the current price action actually looks to the woff distribution schematic number one now this doesn't necessarily need to play out exactly like the chart in front of you but it's a general series of events that happens across five waves which result in distributive patterns now these pattern typically in bull runs Mark local tops not cycle tops that's a very important thing to note cycle tops are typically blowoff tops in crypto this is distributive price action which typically marks local

tops so it's a consolidation period before the next League to the upside and if you actually look at the woff phases here they look very similar to the current bitcoin price action so I want to point them out first you have phase a which happens here by setting in a local top on the lower time frames that's exactly what you see here then you see this pullback into this AR level which is exactly what we saw we saw a pullback into this level once again slightly different but you're looking for the general phases to play

out then we saw phase B where we made a higher high and a higher low see this higher high higher low which is the UT level so we got this we got a higher high and we got a higher low so I's look at this going this is pretty similar then you've got phase C which is the smallest phase of the five phases which is where you get your final higher high and this is the UT a Tesla level where you should see a higher high followed by a series of lower highs this basically suggests

that momentum is starting to stall around a previous resistance turned into support level this is pretty much what we got now the 12-hour is the best time frame to actually look at these distributions based on the data the correlation is the strongest on the 12h hour what we didn't really see were the lower highs because it happened quite quickly the pullback happened in 2 days but what we did see was the higher high then we saw the bounce which happened here at the beginning of phase D that's also what you see at the beginning of

phase D here and then what you're supposed to see is a bounce of support weakening price action at a support level followed by a massive dump which is the final distribution and if you do look at bigcoin right now it does look a little bit similar in terms of having this weakness around a support level having three highs then a lower high and then potentially a dump or a liquidation event afterwards now I'm not necessarily saying we have to follow phase e and have a big dump it could be as simple as a liquidation week

down to 88 or even 90k or 85 86k but the price action does look similar so it's something that I'm wary of now the New Year typically brings new optimism the New Year especially a post Haring year I think does change things slightly versus this being in June if this was in June last year I'd be really really worried we had similar price action then but it was a bit different cuz it was more of a classic bearish downtrend these distribution phases typically happen after uptrends so you have the uptrend on bitcoin then you have

distribution then you have another uptrend then you have distribution I want to show you this in 2021 to make sense of it so in 2021 we had this pretty much exact pattern playout it looks a little bit different but it is classic distribution where you have this pump to the upside this classic up uptrend then you see price stall momentum stalls you have distribution now I don't think at all that Bitcoin is going to dump this hard and obviously we had a big dump in 2021 and that was off the back of a lot of

macro factors but the point is you had distribution and then you had a secondary high later in the year which took you to the real all-time high so in terms of framing Bitcoin having a distribution phase going lower and then making a new high I think it actually makes a lot of sense in the context of this cycle what I would question though is just how big phase e would be I don't think we're going to see Mass capitulation but it is interesting to look at and actually look at the similarities between both and be

open to the idea that look we may actually see further downside before we see upside nothing has ever said in stone some big Catalyst could come out on January 1st and Bitcoin could pump massively and this doesn't necessarily mean alts will dump either because of the dominance shift that I um pointed out before obviously Bitcoin did drop T would probably drop but it doesn't mean they would necessarily nuke I just like being open to the idea that this stuff can play out and markets don't necessarily go up in a straight line but I'm not an

expert Trader this is just a pattern that I noticed on the chart so what I did is I consulted my analysts in the MS high club we have amazing traders that are much better than me Paradise who's a brilliant low time frame Trader Moren who's a fantastic High time frame Trader doc as well so I consulted them and I actually got their opinions on what they thought of that price action in order to put the full uh picture together because I don't think you should ever really make trades in isolation this is a big tip

that I have for you whenever you're entering a trade or whenever you are planning a trade or shifting your portfolio have a buddy that you can talk about these things with like I always consult people before I enter a trade my research team helps me filter which projects I buy and gives me more insights into certain projects my team in the Discord helps me with positioning based on macro factors if I have a small cap that I'm looking into I might consult Fabian who's a very good small cap analyst so I always think it's important

to have people in your corner that can actually help you and that's pretty much the reason why I started the Discord in the early days because I wanted a Comm for people to be able to ask these questions to be able to consult others if you have a question about trading you can ask Paradise if you want um an opinion on a small cup you can ask Fabian if you want a high time frame analysis you can ask Moren or doc or if you want fundamental stuff you can ask me and you can also form

mini research groups within the bigger group in order to do research together so that's definitely a tip that I want to give you actually find these communities obviously the miles high club's one of them but if you you want to make your own Community you can the internet's an amazing tool and you can basically form little communities to help trade with one another so that's basically what I did in this case I said okay I'm seeing this distributive price action let me actually ask what paradise and Moren think because they are expert High time frame

Traders now this is paradise's chart he also notices similar pattern of the two higher highs followed by the breakdown and the subsequent lower high on bitcoin and basically he said the reason it looks more distributive is because we had daily bear divergences on both RSI and AO while price was sweeping liquidity to the upside most liquidity is untapped to the downside still he also referred me to his Discord post that he did yesterday he said good morning hope everyone had a nice Christmas nothing has changed for me regarding the plans mapped out in the last

video The Range High was swept into Supply so I'm now looking for an equal low range low sweep to add into some strong alts for a move in q1 so he's basically saying he's looking for a sweep he doesn't know where it's going to happen it could happen at 92 that's a level that Fabian has found Confluence with it could happen in the Divergence Zone which is at 86 to 88k but these are the levels where he would be bidding altcoins in terms of lower targets if you don't get that sweep then maybe he would

look to get in on Long continuation on some altcoins and I think that's a super valid strategy he highlights some of the AI agent coins virtual F coin a16z Arc as some alts to look at I also agree I think some of the AI coins could be some of the Best Buys in this scenario I also checked out fabian's Post in the Discord I think this adds some context in a different lens more from a macro lens to what Paradise has actually found on the charts Fabian said good timing on scaling out of our short-term

trades from the lows as others rejected from 360 to 380 billing range is something I also said in my Discord a couple days ago that I was drisking on the bounce and we have actually had these bounces that sometimes happen intraday before the Market's ended up giving up its gains my base case is still for more chop than Trend I also would agree just based on the price action that we're seeing on UL Bitcoin right now mostly within the range we've established 92 to 100K for Bitcoin exactly what we highlighted and 300 to 360 for

others but I expect we could drift lower and make a sweep of the lows again over the next two weeks and these are the lows that paradise is pointing out here potentially between I mean the low case 85 to 90k or 90 to 93k which the low's Fabian points out IMO a slight deviation below 90 to 92 is still on the table although I'd expect it to be shallow and a reclaim soon after shaking out Longs if does happen that is what could potentially lead to the phase e of the wov it could be a

quick Shake we're not necessarily saying the market is going to Nuke but it could look something like this where you get this Wick to the downside and then a reclaim and that could actually end the distribution scheme but that's just one scenario to potentially keep in mind heading into the next couple of weeks Fabian doesn't expect others to make a new low below 290 even if Bitcoin does run lower so he also kind of agrees with what I was saying earlier and it's interesting actually reading these because my opinions were formed on my own and

then there's Confluence amongst the other guys which I really like when we're all on the same page obviously Paradise has his Confluence technically Fabian has it based on macro and I have it um based on a mix of both technicals and fundamentals and he actually thinks that even if Bitcoin goes down SS might not necessarily break lower just based on the the current strength that we are seeing and that is being reflected on bitcoin dominance SS really gave their really weak leg during that first dip that's when alts capitulated I think a lot of them

are actually approaching major support zones on The Daily that's why I said earlier look for alts that are actually entering these key daily levels because that could actually be a flaw on many altcoins even if Bitcoin did break lower and that means that the market might not necessarily nuke but it might give you a little opportunity to actually get in and Fabian also pointing out a similar price action to what Paradise alluded to here on bitcoin I also spoke to Moren and he also says 88 is the level he's watching he says he doesn't necessarily

think the woff scheme will play out to full effect but Bitcoin is exhibiting a bearish Divergence and that is something to be slightly wary of and that's pretty much the point I'm getting to with all this right now I wouldn't Panic right that a big dump is coming but I would just be wary of the fact that there could be more chop and potentially further downside now if you want to DC into alts we're going to discuss my full strategy I think that is valid heading into the new year especially quality alts on major dips

if you have a high time frame daily support level as confluence / invalidation that is also great your other option is if you don't want to do that you can potentially look at the new uptrend forming which I think happens at some point in the New Year probably in January and that is when you can actually position in altcoins it might happen slightly later in the month of January based on the dip which I think has set us back a few weeks versus what the plan was maybe a month ago so that is basically my

thoughts on the market now and in a few minutes here I'm going to give you my update on exactly the types of old coins that looking at and how I would be playing them oh and as a side note you can see that bitcoin price action also looks really similar to 2023 where we actually had this pump right you had a series of higher highs just like we got then you had a breakdown a bearish retest then you had capitulation back in the beginning of the year which happened after the end of 2023 followed by

a massive run up in price and the price action right now on the Kumo Cloud as well as the moving average looks really similar it's a very similar distributive fractal so there is a bit of Confluence with both 2021 the woff pattern and price action in 2023 heading into the beginning of 2024 that we may see another low on bitcoin before the big uptrend that would actually be the ideal scenario as well because it gives you that final opportunity to position before what could be a much bigger run in the market but of course these

these things are adaptive if we open genan 1 really bullish and we seem to reverse and the fractal shifts cuz it can history Rhymes it doesn't always repeat then I'll be here making a video and I'll update you guys on my thoughts I think the best traders in the market are adaptive they take new information into account and they change their strategy slightly they're not flippant they don't flip from bullish to bearish but they take new information into account and they tweak their portfolios or their strategy or just their bullish versus their bearish levels in

correspondence with what the market is telling you and right now I'm just compelled to be a little bit cautious and not fomo into new positions now before we get into the specific altcoins that I want to discuss I do want to address what has happened with lucky because it has been quite unfortunate uh to see the decline in terms of price over the last couple of days and I want to shed some light on my perspective as to what happened with lucky how I've traded it and what I think is going forward because there someone

that made a lot of content about lucky and was publicly bullish about lucky I feel like I owe it to you guys not only to show you the wins but also to be here when trades go against us and be completely open and transparent about that that's always what I've tried to do with my content and it's no different on this occasion so for a bit of backstory lucky was a coin that I got into I think about a month or two ago I found it one day when I was just scrolling through my feed

and then I asked a few of my friends for more information because it looked genuinely interesting it was being labeled as the OG Doge and it had quite a cool narrative behind it and after learning a bit more and digging deeper into the project I realized that wow there was a really cool narrative here and this was when price was around $2 so I did my accumulation between $2 and $3 and shared it in my Discord because I thought it was a very cool coin and potentially a good opportunity given the low market cap and

the cool narrative behind it after that it continued to run up quite strongly then I made a YouTube video where I shared my full thesis it was one of those rare times where I found an altcoin especially mem coin cuz a lot of the new memes are really dry and it actually had interesting law behind it being the OG Doge from 2013 having a lot of law having the lucky branding and the logo and and the ties to the Asian culture I thought there was a lot going for it and I heard behind the scenes

Big exchanges were coming binance mining pool obviously ended up getting announced so there was a lot of bullish Catalyst that uh reaffirmed my conviction in the project after buying uh and of course I wanted to share that with my audience so I think I made the YouTube video around $9 in the video I did say if you go back and watch it to be careful with liquidity cuz liquidity was quite thin obviously that didn't prevent everyone from aping in at higher prices I never really encouraged people to top blast on coins but unfortunately a lot

of people did and that resulted in a major week to the upside which I guess was okay because price Consolidated for at least a few weeks around that $12 level it seemed to find a Flor around $10 that's when the market started to turn so a lot of memes went down by 3040 50% and lucky was no exception it also went down 30 to 40% and sat around the $6 Zone pretty similar to what you know coins like whiff and popcat and other major memes did during that period and and actually sold off so I

wasn't really worried around $6 um because that that's typical price action and the narrative and fundamentals stay the same now what happened over the last 48 hours which resulted in that even bigger dip down to around the $2 level I'm not sure exactly where we're sitting right now but it might be in the 1 to2 region was the OG creator of Lucky his name's lucky C from 2013 his wallets were basically dorment for 11 years he recently made a transaction shifting funds from one wallet to another now it's not entirely clear if that was a

sale because Mexi creates independent wallets not pulled wallets so you can't see whether it's an ex change wallet I think it may have just been a shift to another Wallet not necessarily a sale but his coins started to become activated after being dormant for for quite some time I don't know why I don't know what the motive is but the facts are he became active and that scared a lot of whales so a lot of big holders started to subsequently become active and some offloaded their lucky and of course this happens in a time where

memes are already quite bearish and the market is already bearish and that just compounds the negative effect on price and because it's a low liquidity coin there wasn't enough liquidity to protect price nor to the upside when it was pumping but also that's equally as reflexive to the downside when it's dumping so that's why we got such a major selloff on Lucky personally I'm waiting to see how things actually settle over the next few days both in terms of price and in terms of fundamentals because I'm still doing my digging and looking on chain it

is quite complex due to the block Explorer being quite complicated it's not like ether scan it's an all proof of work Explorer so we're still putting the pieces together and I want to understand you know what Supply is actually active what's dormant and what are the plans from the CTO team are they still going forward with exchange listings if all that's still going ahead then it could be an opportunity but instead of coming on here today and speculating on future price I think it's much more valuable to give you some of my Reflections and lessons

from that trade because I think there's just as much value if not more value speaking about losses than winners now as I said I got in around $2 to $3 I never sold a Cent not a single scent of tokens you'll never be able to find any evidence that I did sell a scent because I didn't sell a scent and I'm still holding it in my wallet to this day so my position at one point was a seven figure position a very substantial position even for my portfolio it ran up to become a substantial position

I think originally I only allocated maybe 2% of my portfolio to it because it's a risky coin and when it comes to memes you should never go in with crazy size that's something that even in my original lucky Discord post I said don't it like a whiff or a soul treat it riskier because it is however even that 2% because obviously it ran up super hard at one point it ended up being maybe 10% plus of my portfolio so it was a substantial piece of my portfolio and representing a seven figure trade which ended up

basically fully retracing now um and I'm actually in the red now so it's probably one of my biggest losses ever in crypto from a dollar perspective now because it's illiquid and because it's not like a major cap like Bitcoin you can't really get too attached to the paper number so it's not like losing millions of dollars on bitcoin because a paper paper money is paper money especially with illiquid coins if you do try and sell you're not going to be able to actually execute because a you're going to dump price which I don't want to

do especially if my community is holding or buying a coin and B you're not going to get very good executions even if you did want a TP you'd have to do it super slow and for me as I said from day one this was a trade that was either going to make me a lot of money eight figures plus I said this on my amas in Discord or it was going to go to zero now although it hasn't technically gone to zero and although there still is a chance it gets revived in the future obviously

it's a lot closer to the latter than the eight figure trade that I thought it could become now this highlighted a few cognitive biases in me um that led me to round tripping this much money and as I said I didn't sell anything I probably lost more on this than anyone that I know um because I was a and this leads me to the first bias to bullish so what sometimes happens in crypto is you get something called bag bias if you become attached to a coin or a story which I was AKA believing in

something sometimes you can be a little bit too attached even if the signs are there that you probably should be taking profits or drisking now it's a little bit more complex for me as a Creator because I don't want to dump on my community I actually have a rule that I don't sell within 24 hours of posting about a coin and because I don't sell within 24 hours of posting about a coin some of the Peaks that had happened on Lucky I'd spoken about the coin within 24 hours so I didn't want to sell anything

so that meant that when it went to $17 I didn't a scent even though my rule book would suggest look you're now a 6X up you should probably be taking some profits I didn't want to take any profits at that time for that reason and then when it started to come back down and consolidate I knew that there were Catalyst lined up for the coin so I didn't want to necessarily sell at those levels they just weren't great risk rward levels for me to sell in my opinion give my objectives however in hindsight I probably

should have at those levels after the retrace after 24 hours of posting taking some profits now I hope a lot of people in Discord and even the that watched the YouTube videos and got in early made some profits cuz Discord I posted it at under $3 like $2.80 and it ran up to 17 at one point even YouTube the video went out at $9 I remember when I was posting it it even Wicked down to $850 and then it spiked afterwards so the early YouTube viewers theoretically should have been able to take profits on it

as well however I'm not totally deluded I understand that that is not practical for everyone that's not the case for everyone and even so I was overtly bullish about the coin and the price is now substantially lower so have to own responsibility for the fact that I was bullish about the coin and um I think I just let myself due to the fact I held so much of the token get a little bit too carried away and I do feel bad about that because even though I'm not the one clicking the buttons and I always

preach the importance of risk management in crypto so buying on major dips and selling on major pumps and implementing risk I feel on this occasion I maybe didn't do the best job of getting that message across and I always want to be open about these things instead of shying away from them because you know if I make profits on a coin I'm going to speak about that why wouldn't I speak about it if I make losses on a coin because there are so many valuable lessons that you can learn in the losses here's the thing

about crypto though there is a slight misconception that every trade needs to be a winner the real truth is luck as side if you invest in eight coins for example if just one coin 10x is but nine go to zero you still break even and if two coins 10x you double your money even though eight coins can go to zero so the reason I'm using this analogy isn't to justify but to explain the concept that staying in the game in crypto is the most important part of crypto because there are always big wins around the

corner you don't need to hit everyone all you need to hit is a couple to make a lot of money in crypto and over the last few months on the YouTube channel and on the Discord I actually did a full order because I was interested right when lucky went down I'm like how profitable have I been I actually realized that looking at the data and you can verify this for yourself if you're in the Discord you can look at the times I posted versus the current price looking at the dotter I realized well we actually

had a 20 out of 25 strike rate in terms of coins that are still in profit Now versus the first call even if you didn't take any profits during the pump which I think most people should generally be doing on any coin and 24 out of the 25 posts at some point were in profit including lucky which was at 1 Point up 600% now I accept not everyone's in the Discord and there are a lot of YouTube members who may have looked at a coin like lucky higher than that and I totally accept that the

numbers are going to change in that scenario and the risk reward is going to change for the worst in that scenario but purely from an excise of strike rate even in the Discord we we still including luy have had an exceptional strike rate by any standard because all you really need to do is hit a few winners you don't even need to hit 10 or 11 out of 20 you could hit five out of 20 but if those five do really well even if 15 do really badly you can still make a lot of money

so the point of crypto the point of my Discord the point of my channel the point of all my content is to outperform are we going to hit the losers sometimes yes unfortunately this trade went against us now could come back I'm not saying it's necessarily Dead Forever I just need to let the dust settle a bit and do some research into actually what happened to get a little bit more clarity but the point is in crypto or any other trading market for that matter you just need to win more than you lose in terms

of dollars and if that can be the case over a long enough period of time and if you have an edge in the market like I believe I have an edge you you're going to make money over time consistently and I don't want to shy away from giving you coins in the future that potentially have higher risk because you can make a lot of gains on them what I do want to do though and what I probably will do more so in future is highlight the risk management aspect of these coins a lot more I

actually have done a full risk management guide I'm going to leave it in the link in the description below as a bit of prerequisite viewing before you watch any future crypto content because I genuinely believe it's one of the best videos I've ever put out but I posted it when the market was a little bit quieter so I'm sure a lot of you had not seen it at the time even if you have I recommend rewatching it because it reinforces some lessons that even myself I had to go back to because I got a little

bit too bullish and I didn't take as many profits as I should and I didn't manage to keep my gains even though I had made paper gains at one point as I'm sure a lot of you also did on this particular trade the good news is there's plenty of other trades to come we've already had plenty of other trades which have been hugely profitable and I'm very very confident in our system because the strike rate speaks for itself at least in the Discord over time if we can even maintain a worse strike rate but still

a positive one we're going to end up making a lot of money this cycle and at the end of the day that's my goal I'm going to have winners I'm going to have losers it is unfortunate it's sucks I mean I'm speaking of someone that lost probably the most money of anyone I know on the coin I hadn't sold a scent even when it ran up and a lot of my community would taking profits so trust me I feel it it's a good lesson it's a good chance to reflect and hopefully going forward we can

Implement better risk management and that's just as much a message to myself as it is to others now let's get on to the summary of my plan for the next few weeks um after what's already been a slightly longer video than anticipated but it's good because I wanted to address lucky I also wanted to talk about the current price action in the market and I think it's valuable context for you guys heading into the new year considering I probably won't not be uploading tomorrow so as I said A week ago most of you would be

better served checking out and coming back in the new year I think this is still the case directionality during a choppy period like this is not very clear and you do have I guess conflicting evidence on both sides you have New Year seasonality looking really strong historically but then you also have bearish Bitcoin price action which could potentially temper the ability for altcoins to pump in the early part of January and I do think that is going to be the case however there are a lot of people that are going to come back to the

market with Newfound optimism looking for new opportunities in the New Year and that may in and of itself create some directionality and that's why even though Bitcoin looks distributive I'm not really looking at flipping bearish per se I'm looking at being protective over my Capital but my number one goal is where are the opportunities now that opportunity could be as we discussed earlier on a lower sweep maybe of the 90k or the 88k region and if that coincides with major High time frame retest on alts on strong alts that could be a great opportunity to

get in conversely looking if altcoins can establish a new uptrend that could be a great opportunity to get in so those are the two scenarios that I would look to implement in my game plan personally I am nibbling on some stuff not going aggressive cuz I'm still trying to protect Capital into the new year but nibbling on some stuff that looks good and I'm happy to go in with more size once we have a bit more confirmation cuz I still am a little bit wary of this price action on bitcoin I don't think it's a

level to sell I think the big dr- risky on altcoins already happened but I do think it's a level to be wary you do have to keep in mind as you can see in front of you though Bitcoin has a new Catalyst that it's never had in previous cycles and that is of course the aggressive bidding that we are seeing from the spot Bitcoin ETFs which is propping price up so I do think that holds Bitcoin in good stead from a fundamental flow perspective even during times of bearish price action also keep in mind that

typically as you saw in my video two weeks ago and this thread that I did altcoins outperform from the period of January to May and I don't think this will be any different this cycle based on the current Trend that we are seeing for Bitcoin dominance and in terms of old coins that I would look to accumulate during this period under the parameters that I previously discussed it's still very CLE what the top trends are right now defi so infrastructure utility is still leading the pack AI is still looking good rwa is still looking good

and meme coins are still looking weak I think at some point memes come back but I have a bias towards favoring utility first because I think it runs sooner than the other coins in the market so looking at AI I think AI is a great sector to position in looking at some of those agent plays that paradise pointed out looking at some of the infrastructure plays which are now down I've got plenty of videos on my channel that go through my AI portfolio my AI portfolio hasn't really changed which is why I'm not going to

rehash it today the only changes I've made are adding two coins LMT so limitus and morare those are the only two coins I've added I also have trimmed across some of the other positions pretty much just hair cutting all of them to make room for some new ones I might have to make some decisions to cut one or two AI projects in the new year but I have not done that yet when I do I'll keep you updated but for now those are the two that I've added rwa my plays are pretty much the same

I think check and clearpool remain the strongest plays because Mantra and Ono have already run up significantly those are the two that I think will do well Pendle I think is one that you can never fade either I think utility rwa specifically does quite well in the new year and then I think infrastructure does quite well I think you've got a decent opportunity on Phantom after the pullback I think you've got a decent opportunity on a few alts even Aptos with the founder uh leaving I think there could be an opportunity given the fact that

it ran up aggressively and has seen a major selloff that's one to keep your eye on over the next few weeks as a potential DCA you've also got hyper liquid which has been Resolute whilst the rest of the market has been pulling back you've even got salana I haven't spoken about salana that much recently I guess there's not that high upside but I mean it's a decent play if you just want a safer layer one that could still give you gains given the fact that it has recently sold off so I think we are getting

some more opportunities in the market now you're just going to have to be a little bit patient hopefully you enjoyed this video I will see you in 2 days time in the next one have a lovely rest of your day and happy New Year to all of you peace out