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Crypto Mindset Notes
Crypto Mindset Notes
Crypto Mindset Notes
Don’t be a cunt
Don’t buy BTC in Q4
When in doubt buy Ethereum
Goal will be to find coins that will
outpace BTC and ETH
ETH is killing it in comparison to BTC
There is around 11,600 coins- 11,000
basically copied ETH’s technology
Covid Effect- Most expansion occurred
during pandemic with so many people
working from home. People had more
time to develop?
Est. 2031-2032 $100T MARKET CAP vs.
today’s $1T Market Cap
Right now- crypto faster than internet
growth. 6-10x faster adoption than
internet.
In 10 years got 10% (Maybe 100M) and
will double that in only a few years.
Why do we use BTC as a guide- BTC
usually leads the moves.
Focus on time vs. price. Currently in 60
day cylce. Cycle high is in- 52,956 BTC
(Day 48) Sept. 19 end of cycle.
In bullish market where the high is after
30 day the cycle ends in about 65 days.
Price focus- BTC above 200 day usually
bullish. Alt coins follow BTC- reflective
pricing.
Biggest whales in the game use leverage
on BTC and ETH which would help
stabilize that coin.
Expecting- above 37,300 come back
within 40,800 resistance.
If BTC goes below 200 day stall out-
below 41,400 alt coins will start going
down faster. Lot of people will be fearful
at 38,000-41,500 a lot of FUD.
Bolinger band says stay above 41,000 for
a bull market.
By Halloween have your positions filled.
Maybe sooner.
Extended tax deadline in USA is Sept.
15th so may have some sell-offs to show
losses and to pay for taxes. Could see a
drop.
Take Profits- 3, 5 and 10 when you are
up 3X, 5X or 10X take your initial
investment. (Free Money)
Say we get cycle low on day 63 Sep. 22nd
if starting there day 30 of next cycle Oct.
23rd (Mid Oct. to Halloween to have
sacks full)
Ending cycle Sep. 26th
After Oct. 23rd is when things sky rocket!
As Quarter progresses by middle of Oct.
when we are close to 53,000 will make
all time highs. Into Nov. 7th to Nov. 20th
will happen. OR if it’s a 60 day- high day
20 could be bear market and to the
moon crazy run up first two weeks in
Dec. (Most likely)
Elliot Wave Analysis- 5 wave implulse on
the uptrend- 2 up 3 down
Based on time & Price July 4th 2022- if
$245,000 BTC and showing Elliot Wave
Here is how it would look- with Market
Cap at $15T and we are at $1T today.
Books-
Dune
Millionaire Fastlane
Ready Player One