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Apr 19, 2021 14 tweets 13 min read Read on X
-- Educational - When is the next “Alt Season”? --

[An 11 Part thread, bear with it.]

1. What is Alt Season?
2. What is #Bitcoin Dominance?
3. How to interpret BTC.D
4. How to trade based on BTC.D pt.1
5. How to trade based on BTC.D pt.2
6. What is TOTAL2?

cont...
#Crypto #BTC Image
-- Educational - When is the next “Alt Season”? --

7. How to interpret #TOTAL2
8. How BTC.D and TOTAL2 can be used in conjunction Pt.1
9. How BTC.D and TOTAL2 can be used in conjunction Pt.2
10. What is the current state of play Pt.1?
11. What is the current state of play Pt.2? Image
-- What is “Alt Season”? --

🔹 A.k.a Altszn, is a part of the #cryptocurrency market cycle when many alt coins “moon”
🔹 "Mooning" is when a coin go up quickly in price
🔹 Basically an Altszn is when the Alts are out performing #BTC against the $

#altszn #bitcoin #crypto Image
-- What is #Bitcoin Dominance? --

🔹 Ticker: BTC.D on @tradingview
🔹 BTC.D is the ratio between the market cap of #BTC to the rest of the crypto markets
🔹 Bitcoin is still the largest cryptocurrency, but over time its dominance has dropped as new cryptocurrencies were created Image
-- How to interpret BTC.D --

🔹 BTC.D increases, #BTC is gaining market share
🔹 BTC.D decreases, BTC is losing market share
🔹 Think of market share as the % of all the money currently invested in Cryptocurrencies
🔹 Note that the Price of BTC isn't directly correlated to BTC.D Image
-- How to trade based on BTC.D pt.1 --

🔹 In genral:
🔸 BTC.D increasing, exit weak Alt trades and have a higher % of your portfolio in #BTC
🔸 BTC.D decreases, enter strong Alt trades and have a higher % of your portfolio in Alt coins

#cryptocurrency #altszn $BTC Image
-- How to trade based on BTC.D pt.2 --

🔹 However value of #BTC can drop or rise taking the Alts with it and the dominance could stay static
🔹 This is why you need to add in another indicator to help determine what you should do, TOTAL2

#cryptocurrency #altszn $BTC Image
-- What is TOTAL2? --

🔹 Ticker: #TOTAL2 on @tradingview
🔹 TOTAL2 is an index that represents the total #crypto market cap EXCLUDING #BTC
🔹 Think of it as the total amount of money currently invested in everything crypto minus #Bitcoin Image
-- How to interpret TOTAL2 --

🔹 TOTAL2 increases, more money is flowing into the Alt coins
🔹 TOTAL2 decreases, money is flowing out of the Alt coins
🔹 Note that #TOTAL2 isn't directly related to the value of #BTC, in fact sometimes it is inversely correlated Image
-- How to identify an Altszn?--

🔹 You need to use BTC.D and TOTAL2 in conjunction together with the $BTC price chart
🔹 The signature you are looking for is:
🔸 #TOTAL2 shooting UP
🔸 BTC.D dropping
🔸 #BTC PA static or falling Image
-- How to identify an Altszn? Pt.2--

🔹 Typically you get an #Altszn when #BTC has found a local top or is consolidating
🔹 A good example of an Altszn is the 2017 top 👇

#Bitcon #cryptocurrency Image
-- What is the current state of play? Pt.1--

🔹 We have just seen a mini #Altszn, as shown in the chart below
🔹 So could this mini Altszn be over for now?
🔹 What happens next? & what to look for? Image
-- What is the current state of play? Pt.2--

🔹 IMHO, I think BTC.D may bounce & BTC $ value become volatile i.e. push up or down
🔹 If #BTC pushes up Alts will likely do OK against the $ pairs, but not against BTC
🔹 BUT if BTC dumps, Alts will likely lose more $ value than BTC Image
-- Educational - When is the next “Alt Season”? --

🔹I hope that was useful?
🔹Pls let me know, so i can do more or less of these

♥️ Please like and retweet if you enjoyed it so others may also benefit ♥️

Keep Safu!

-THE END- Image

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More from @mark_cullen

Jan 31, 2022
-- $BTC Macro Bear Option /1--

#Bitcoin Bulls look away 😜

This min thread will cover a few indicators and levels i will be looking at when / "IF" confirmation of level breaks happen

TLDR: This is a bear market and likely not to bottom till end of 2022

#Crypto Image
-- $BTC Macro Bear Option /2--

Fibonacci levels:

🔹From high to low of each impulse, the 23.6 and 38.2 levels have been key support
🔹As in the previous cycle #Bitcoin has based itself around the 23.6 after cycle high
🔹When it breaks it ultimately bases off the 38.2 ~ 20k Image
-- $BTC Macro Bear Option /3--

Moving Averages:

🔹Similar to the fib levels, there are 2 key Monthly EMAs, the 21 and 55
🔹#Bitcoin based itself off the 21 initially
🔹When it breaks it ultimately heads to the 55 ~ 22k Image
Read 7 tweets
Nov 26, 2021
-- Educational - Good & Bad trading habits --

Formatted as follows:

1⃣ 7 habits of a highly effective #Crypto trader
2⃣ 7 habits of a Rekt #Crypto trader

I hope you like it. If you do I would appreciate a like ♥️ retweet, so others can also benefit

#Bitcoin #tradingpsychology
--7 habits of a highly effective #Crypto trader--

TLDR:

1⃣ Develop a trading plan
2⃣ Manage risk
3⃣ Start with a demo trading account
4⃣ Be proactive, adapt to the market
5⃣ Control your emotions / Never FOMO
6⃣ Keep a trading journal
7⃣ Trading / Life balance

+Personal habits
-- 1⃣ Develop a trading plan --

🔥Failing to plan is planning to fail🔥

A trading plan is a back tested guide with criteria to enter & exit a trade

🔸Entry and exit levels
🔸Position size
🔸Stop-loss level
🔸Take profit level
🔸Indicators to use to confirm your entry and exit
Read 20 tweets
Nov 14, 2021
-- When Macro Top? When Exit/Sell? --

This thread will cover a few indicators and metrics i will be looking at to help me identify when i should start to sell my #Bitcoin with the potential of a bear market to come.

TLDR: When i am going to sell my #Crypto
🔹Q2/3 2022 @ ~$200k
-- 1/ The #Bitcoin / #Crypto Bubble --

First thing is understand how bubble markets move, & especially how the #cryptocurrency market moved in the past, & where we are now.

Below shows the stages of a bubble market, which #BTC has been through 3 full cycles & now is in its 4th.
-- 2/ Retail FOMO --

There are 2 key metrics that I use to help understand the stage of the bubble which we are in & when a top is close.

1⃣ Google Trends
2⃣ Fear & Greed Index
Read 11 tweets
Aug 22, 2021
--🧑‍🎓Educational - Linear vs. Log-scale --

Just a quick summary, as i have had DMs about it recently

1. Logarithmic Charts Explained
2. Linear Charts Explained
3. When to Use Log rather than Linear
4. Summary

#cryptotrading #cryptocurrency #Crypto #Bitcoin
-- Logarithmic Charts Explained --

🔹 Logarithmic or log price scale, represents price spacing on the vertical or y-axis dependent on the PERCENTAGE CHANGE in the underlying asset's price

🔹 Think of it as the log scale shows the rate of change over time

#cryptotrading #Crypto
-- Linear Charts Explained --

🔹 Linear or arithmetic price scale, represents price on the y-axis using equidistant spacing between the designated prices / the absolute values

🔹 Think of it as showing the absolute number increase / decrease over time

#cryptotrading #Crypto
Read 5 tweets
Apr 22, 2021
-- Educational - #Fibonacci trading? --

1. What are Fibonacci numbers? (4 parts)
2. How are they used in Trading? (4 parts)
4. Using Fib Extensions (2 parts)
5. Using Fib Retracements (2 parts)
5. Using Time Cycles (2 parts)

#BTC #cryptocurrency #Crypto #TRADINGTIPS
-- What are #Fibonacci numbers? Pt.1 --

🔹 Fibonacci numbers are a numerical series depicting nature’s expansion
🔹 The same number sequence appears all over throughout nature. i.e.
🔸 The number of petals on a flower
🔸 A snail shell

#BTC #cryptocurrency #Crypto #TRADINGTIPS
-- What are #Fibonacci numbers? Pt.2 --

🔹 The sequence is made by simply starting at 1 and adding the previous number to arrive at the new number:

0+1=1, 1+1=2, 2+1=3, 3+2=5, 5+3=8, 8+5=13, 13+8=21, 21+13=34,…

#BTC #cryptocurrency #Crypto #TRADINGTIPS
Read 16 tweets
Apr 19, 2021
-- #BTC HFT Range Parabola --

🔹This could take a bit to explain what i am seeing

🔹I am using:
🔸Yearly closes (Red Dots)
🔸Ranges taken from the closes, broken into Phases
🔸A Parabola linking the yearly closes
🔸Elliot Wave for wave structure

Cont...

#Bitcoin Image
-- #BTC HFT Range Parabola --

🔹The Phases double in Height each year. i.e.
🔸Phase 1 = 1 range height from open to close
🔸Phase 2 = double phase 1 in height*
🔸Phase 3 = double phase 2 in height*
*Gets more parabolic as time goes on

#Bitcoin Image
-- #BTC HFT Range Parabola --

🔹The EW count puts us in the 4th wave of the 3rd
🔹The 4th is looking like a big running flat correction
🔹The 5th if taken as a 1:1 of wave 1, would take us to ~$200K
🔹The W4 correction will be a killer and make every think its over. BUT its NOT! Image
Read 5 tweets

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