The Bitcoin ETF is live, and has been selling off ever since.
Not to worry, we are in the early stages of a massive bull run and here’s my shopping list, watch the whole video to see which ones I’m most interested in right now
LINK
INJ
ICP
IMX
SOL
AVAX
ETH
BTC
TIA
ARB
Join us as we trade this live https://www.pollinatetrading.com/lab
All right what’s up everybody it is uh I I was attempting to get this video out yesterday um unfortunately I was very sick uh that um preschool stuff um I’m gonna go ahead and cover everything we right now at this point this video live this
Probably is going to be like a a video that’s going to last a little bit longer in time but also it’s very timely at the moment for anybody who’s who’s paying attention Okay uh reason being uh the market is uh let’s just kind of take the temperature of where we are in the
Market right now uh the Bitcoin ETF was released last week started trading uh eight days ago now so this me Friday uh and pretty much it’s just been straight down ever since I’ll get into some analysis on that right away okay there we are so I’m going to share my screen here
And what we’re looking at is my 12-hour charts of well currently looking at Solana so we’re going to start uh let’s take a big picture of you uh in October of 2023 Bitcoin fired the bull market time to get in Signal yes you could have bought at 15,000 20,000 25,000
30,000 uh way before that signal and and to be fair we did I I started getting long in September myself down in this area over here I traded some over here as well but this the official signal was here and this box right now just represents the current High and the
Previous bull market High there’s a void there of $220,000 so we went from 25,000 to 50,000 in here um and this last this this Spike right here each each candle is a two week um this Spike right here was the ETF this was the runup into the ETF into the end
Of the year but mostly it was 40,000 to 50,000 40 41,000 to 49,000 that represented the ETF runoff okay now a lot of people are calling for uh this to be the top due to uh the ETF being released because in 2021 the top was when coinbase ipoed and in 2017
The top was when the CME Futures started trading so a lot of people are uh of that mindset personally I could care less but what I see is that we are still in the phase uh and we have about um how many uh 40 weeks to go is that
Right I believe it’s uh it’s not 40 uh it is uh 60 about 60 weeks to go from the entry so one two three four five six six times 12 H maybe maybe about 40 weeks to go um I think longer it could it could well that’s just this signal by
The way because you can see where this ends over here there was a second phase to that bull market when Bitcoin topped here this this became crypto uh I’m sorry uh altcoin market and it really really did amazing things um I’m not saying that that’s exactly we’re going
To trade like that it’s just the cycle is Bitcoin rips and then when people make a bunch of money and they get crazy they look to sell those rips um and put their money into cheaper things of um very crazy uh very crazy value and that’s pretty much the uh that
That’s pretty much the move so we’re still well within the move I would say if you’re interested and worried about like what could be today’s today’s video is mostly about a structure of buying dips or now the system does not I’m not here to buy dips I’m here to buy breakouts
And Trends that’s my that’s that’s how I trade um momentum however when there are opportunities and I have free Capital available I will absolutely add to my momentum positions especially because the momentum indicator gets in early and stays in for a long time so you can Tinker with it
And I’ll show you how we’re going to do it but on this I would say using Fibonacci levels and the reason I like Fibonacci is because it’s not magic it might be magic I don’t know but everybody uses it and so if enough people use it it makes it kind of it
Makes it happen right it people if enough people are using it then it’s kind of that self-fulfilling prophecy of it uh and so that’s why I like to use that it’s a structured place to buy on pullbacks because if it’s going to pull back then you’re going to have a pile of
Orders at these different levels we’ll see if Bitcoin even does it now also keep in mind every cycle since 2014 that I’ve traded 2013 kind of actually it was 2013 yeah 2013 every cycle that I’ve actually traded I kind of participated a little bit prior to that but I don’t actually count that
Because there was like no exchanges it was mostly just kind of like hey mine some coins on your laptop or something but uh when I started trading crypto in 2013 um discovered it was a ridiculous Market to trade um we are quite proud of our momentum and the same uh the same way
That the crypto will give you 100% gains in an hour or two can happen you know you can have a 50% pullback uh that feels like the world’s ending uh and have it just be normal part of the bull market so it’s a different type of
Mentality you have to do so don’t just just go and apply your traditional Market thinking to trading this Market it helps to use a lot of that stuff for sure but if you’re expecting to get 20 to 50% you know short-term gains that you can you know count on uh on a daily
Basis or a weekly basis then you should also expect the the inverse to be true just like if you were to get a one and a half percent up move on NASDAQ you would probably expect a 1 and a half% down move to be common uh uh as well so same
Sort of thing here if you’re getting 20% moves on the upside you should expect you know the same so this move right here for two we period was 16% 6.79 6.85 this one and and that I’m just talking the peak I’m not open to close I’m not talking of the range there
Uh this one for example was 41,000 uh to 49,000 so 8,000 points so that’s a 20% move in a two-e period from the low to the high and it looks like we just started a new candle to three days ago so it’s a two week H okay so first things first big
Picture nothing has changed we’re still in the bull market and it’s still uh we’re still six weeks into a 60 we 68 weeks into a 60-ish week cycle so we’re one tenth of the way through and yes it’s lovely to to catch the the like super bottom and sell the
Super top but we’re not here for that we’re here to catch when the momentum’s going and then um kind of step out or wait while the minum gets absorbed so just just to put our mind around where we’ve been when I started trading the system in September over here Bitcoin
Was somewhere around 25,000 it’s it’s 100% move it’s gone 100% higher since I started my account however uh went uh let me do the math real quick uh 12 times over 12 times higher so not 100% but 1,00% maybe 1100 somewhere around there in that period of time and since
Then let me do the math again I’ve had a I’ve given back 400% of that 1200% gain or a better way to say it instead of being up 1,00% I’m only up 800% right now so um that’s as as of today um right now give or take actually that was at
The the bottoms this morning when I took a look at my account balance I don’t know what it is at the at the current moment but basically around 10x from less than 10 it’s probably about 10x right now um from from uh September entry so you have
To expect a pullback you have to expect that to take time so if if you had $1,000 and you took it to $112,000 and you’re sitting at $8,000 now um that’s not that big a deal just remember where you were now if you bought this you know you put in whatever
50,000 at $660,000 on bitcoin and it went down all the way to 15,000 so your $50,000 account went down to let’s call it $10,000 and now you’re back up to uh 35,000 you’re not filling it as much as if you started Ed over here right I get
It and that’s the point like you I don’t know where you were when you bought over here if you did mentally but right now if you’re if you’re doing it right here that’s the equivalent of buying so let’s see one two three four five six six bars away one two three four five
Six so Bitcoin you are currently if we’re mapping the previous bull cycle the signal came in at 10,000 uh I’m sorry 11,000 and then if we’re looking at it currently you’re somewhere around 12,000 so that’s a 10% move 35 so 3500 so we’re already we’ve already done
Far better than we did in this one over here okay let’s go back to take a look at the see if we can see the previous ones um have to do some magic no I don’t know why it’s not doing it but um the previous one was
Uh I think it was right here so December 2016 1 2 3 four five 6 1,200 you bought at 900 So 20% gain so we’re already we’re a little bit High coming out of the coming out of the gate here 3500 10% would be I’m sorry 35,000 20% 7,000 so it was a
15,000 um yeah that’s that’s a big move um so we’re cooking we’re already cooking definitely should expect that pullback to be um to be strong okay expect things to get uh a little crazy I’m expecting things to get really crazy uh I don’t mean on the downside I just
Mean in volatility I’m expecting this one to be a very volatile one uh so do expect 30 to 50% pullbacks um and that that’s why I started with a very small account so that I could sit through and build up into something meaningful that at the end of um you
Know at the cycle is has done some big stuff and things are going to happen between now and then that I’m going to add money to my account okay so that’s that’s where we are on the big picture let’s take a look at sectors right now no sector has an entry everything is
Flat every sector let’s see uh oh uh layer twos still long hasn’t exited yet uh memes exited layer Ones Still long uh defi infrastructure still long nothing going on in games right now uh let’s do zero knowledge ZK flat game uh nfts so nfts and games are very
Similar and they’re both very long right now and again uh well so exchange tokens are flat so what’s long right now what is the what is the sectors that we should be that are still long we’ve got layer ones got layer twos we’ve got let me
Double check is that right L ones and twos layer twos yes layer twos and ones um we have game infra and we got nft infra which is very similar to the same thing look at what we’re talking about here layer ones and layer twos so we’re talking about ethereum Solana Bitcoin
Um uh you know those type of names you can go to uh coin coin GetGo and look at the uh let’s go layer ones and see what they’re they’re in so Bitcoin ethereum binance Solana cardano Avalanche Tron polka dot these these ones these layer ones that’s what we’re talking about when we’re
We’re to saying layer ones now let’s go to layer twos um Layer Two here you go and so polygon optimism immutable arbitrum Manel metas scale so these things uh let’s go to like an nft um nft so the this is the technologies that support nft ICP immutable render
Immutable showed up a couple of places so that’s a keep that in your mind flow axi those are nfts infrastructure and then we get to gaming gamify and we should probably see some overlap ICP again immutable axi beam you know so a lot of these names show up again and
Again okay so that’s a that’s a clue that some of those names are going to be uh of Interest so what I’m going to do from here is I have a shopping list that I created and I shared uh so we’ve got link we got injective we got internet computer we
Got mutable we got Solana we got ethereum we got Bitcoin got avac we got uh Tia um and we got arbitrum uh Tia I forgot what Tia compa or something no that’s something else uh I can’t remember the name uh I got you know nine
Out of 10 or whatever it is and so each one of these link injective ICP each one of these has levels that I would be looking to buy right now so let’s kind of do uh um what Jan 2024 okay if we put in new highs I’ll I’ll change the basic
Basically I I’ll just keep changing these I’ll keep updating these and I’m going to build this spreadsheet out a little bit later better but again you know when we’re looking at what’s going on in the market in in crypto where we want to be you know we’re we’re we
Already have our long signals in layer ones so then we just go down you know our shopping list so the the first layer one that would be on our list would either be Bitcoin or ethereum ethereum’s already in a buy okay that fired off and
So if you bought it when it fired off that would have been at 2644 okay so when that signal fires what now let me show you the method that I get these key levels it’s it’s simple very very simple there’s nothing fancy about it it’s the Fibonacci levels and I
Just kind of Drew lineon in the sand and say uh let’s do uh let’s use coinbase prices for everything okay let me turn off our algo and let’s just go with this okay actually this one would be it here the button this is the one okay so
Ethereum would have been a buy there let’s go take a look at ethereum so when did I make that that must have been over here yes it would have been over here Yes somewhere around there was where I would have done it now if you’re aggressive you could have done it here
Or here this is where I did it yeah 24 there so it did come down and hit it sorry I just had to clarify for myself so ethereum first level 2096 no that would have been over here wouldn’t it and the high hadn’t been in place yet so
When I built it it probably was like yes it would have been here so ethereum’s got a new one now with that new breakout so let me update my ethereum shopping list by the way because it actually hit perfectly today and I need to acknowledge that
Updated one slash one nine okay so for ethereum this is the levels I’m going to use and I’m going to go with uh uh uh 2482 2408 and then the lower one would be 2335 spell updated correctly guys all right so this is a new one and
That one actually fired so let me highlight but that one actually fired at 50% actually let me do it like that that way it’s I need to code this so that it doesn’t um I I want it to fire on its own just say hey we’re there but that’s
That’s what we’re looking at on ethereum Okay so today or anywhere this would have been a good place to buy ideally what I’m looking for is the 61.8 if I don’t get them I don’t get them but since we already have an entry on this and if you wanted to
Come in um and take this trade to add to your current position it basically came back to its entry and then has reacted excellently so far up off of that level okay I’m actually just going to go down my list it’s going to be easier so let’s start with link now
Let’s go with link okay link 1313 11 71 3 yep so about right there it looks like we had a new high since I put that together or I just didn’t do it as accurate but um link nowhere near coming back to its support area at 38.2 one thing to note
Is I prefer 61.8 retracements on uh to buy from so Fibonacci I don’t want to get too much detail if you want to learn about Fibonacci do some research on them but Fibonacci levels basically uh from the low point to the high point the main one
Is 50% a 50% perc retracement is usually halfback there’s a lot of people that just do that from a low to a high they’ll put a buy at the 50% level and they don’t even use Fibonacci uh to do it Fibonacci is a math sequence basically adds its current number to its
Previous number so 1 one2 2 1 3 32 five uh 538 8513 uh 13821 2183 whatever you know it just it just keeps adding it and then there’s a pullback sequence and whatever and a lot of people swear by them um I’m not I I just know that people use them so that’s
Why I use them so there’s no no other reason for me to use these than that so that’s a level these are levels I’d be looking at on link okay I don’t think that’s changed let’s look at injective now I just want to make sure I’m using coinbase data for all of
These objective 30 25 21 so we have not come back to it so 33 it actually came close there though uh let’s go to where the first pull back that it maybe we even want to go here that’s the one that’s going to be the you can
Either use this the 30 but because of the strength I would probably take it’s very subjective this stuff by the way so 33 30 and 26 for me I want to be buying at 61.8 levels so just down in here so if we had a price drop all the
Way down to 27 let’s say on injective I would be a buyer until Dan not ICP 11 9 and 8 okay so ICP did it let’s see okay let’s do probably a little lower yep 11 9 and 8ish so it’s right there I see came down everything’s come down to the
Highest we’ve not seen anything drop into the 61.8 yet what does that tell us I’m just going to put some notes on my chart here too by the way so these are the things that are moving um 38.2 and 50% have been tested pretty common on this selloff
Okay so if I’m going to keep going and see if we have any others that go go IMX this is going to give us a picture of um like what’s happening in the space okay I am at 38.2% again let’s see what numbers I put on there 179
15429 yep 1795 okay so this is it Yep this area another one at 38.2 we have not gone all the way down to 50% and we have not gone down to 61.8 on anything yet salana 84 71 59 okay that’s it we have we haven’t even actually gotten to 38.2 yet we’ve
Done it one two three other times after it went from you know 20 to 120 uh but it is is found support every time here what this means is that if it does break it it will it will break hard but if it holds this is one of the
Strongest of all of them I may have to excident trade here I do um Sell Market yeah sorry I had a NASDAQ trade that I had to exit real quick so Solana I’m G to take this note tooo this is interesting so Solana has back to it Solana has tested this 38 uh 38.2 actually it hasn’t really but people believe that to be
The yes it has okay close enough so I’m going to change 87 7360 across the board we’ve seen these levels hit who knows if we’re going to see anything else I’m gonna call 50 on link 11.7 as far as I’m concerned this 38.2 from the beginning of the bull market reason I’m doing from the beginning of the bull market is because it is we have not done it on bitcoin yet have we yeah we have not but we may want to do like
Here so I’ll just pull it up so what’s next we did colana done ethereum let’s take a look at Bitcoin bitcoin’s in a buy so depending on where we put our breakout if it’s here then we barely come to it if we do our you know breakout being here then we
Have 38.2 and we are reacting up off it right now that’s probably why Bitcoin is rallying is at 38.2 so let’s call I’ll call that a good one uh sorry uh 40 update because it shows to me this shows to me that they have actually they’re
Using that one so 4536 I’m going to update that that’s why I’m updating it and uh 37861 and then 35 186 everything on the list has retraced to First okay um some notes got it okay avax let’s have a look at avac see if I’m algo went long anything no alos
Okay double check on the eth BTC alos nothing long there either all right well good times avac okay from 34 29 24 avac actually I want to note this um below wonder why so if I put that up at the breakout it actually is the 50 so you can see
Where these kind of line up and 61.8 on that area see how they kind of overlap um so that’s weak in my mind it’s the only one that I recall going no wait let’s look at uh let look at Link Link went below it to but that was two weeks ago hasn’t
Done there since that’s that’s interesting um Celestia that’s the name of it this one’s really hard to get a a buy level off of because um geez it’s just straight up so on this one 16 15 13 I’m going to go 16 15 and 13 on
Celestia I’m going to update that so 164 155 and the bottom one let’s call that 13.8 38.2 was hit and arbitrum would be the last one I’m looking at here Celestia really strong look at this Celestia ripped higher I want that to be known as the strongest that’s good to know strongest
Of them all was Celestia you want to own Celestia and there you go you had your entry at 13 it came back bounced off of 16 I you want to own it I think in my opinion this is this is one you really want to
Own um let’s see how far back we can get on Celestia we might be able to get off binance I think it was all released at the same time wasn’t it maybe Kraken buy bit okay they were all released at the same time okay ARB was the last one USD from
Coinbase so my levels I think we start here let’s have a look what I wrote you can see that of that’s the level we bounced off 38.2 that’s nice 1.6 so this is a new level because we put in a new high since I created these so that’s 1.78 1.78
Um sometimes these labels just a pain on the butt 1 Point 58 was the last one uh 1.39 okay so summary here on everything is avax did of course it did yeah avax did I didn’t highlight it of of our portfolio avax was the weakest and tia was the
Strongest uh I would say aax and Link actually okay so right now if you are in the system if you’re using the algo you’re using our everything we’re doing with this like me what I’m doing is nothing I am absolutely doing nothing but everybody wants a shopping list
Everybody wants to come in and buy something at this huge discount especially after getting cra you know if you were buying all up here and you’re hurt and you just went to cash or something then maybe you know Now’s the Time to do it but for me I am
Still in all my positions as advertised um and here’s one other that uh I am In I’m in this one uh CX USD let’s maybe on coinbase make sure that’s the one I’m in yeah that is it oh what am I doing uh C okay sorry I was looking at uh the two we one um I got in on uh this one lonstein currency
Exchange or something like that uh I get in on this one earlier this week and it it ripped and it has held that rip the entire time so if we’re looking at our levels to to hold it’s come nowhere near it in fact it just put in a new all-time
High while everything else was going down I don’t know if that’s good or bad but let’s see if this is It’s rebounding like everybody else just not nearly as strong as everybody else like that’s a Bitcoin rebound let’s look at salana rebound from 87 all the way up to 94 and a
Half let’s look at Tia went down to 16 all the way up to 18 Big Move so um the summary here that I want to take away from all of this is that right now if you’re looking to buy you’re looking for layer ones layer 2’s game infrastructure and ft infrastructure
You’re looking for for me I’m looking for a 61.8% rejection so um uh 30 8.2% have been tested so I am buying at 61.8% of anything that goes down so or the other thing I’m so I’m not adding to I’m not going in and buying any of this
Dump shopping list I’ve been asked to build it um and people you know people want that so uh people want this so you know here you are here’s your shopping list um I’m G to update it I’m going to clean it up I’m going to do you
Know do some better stuff uh to it for you know for everybody so ideally what I’m going to do is like current price and then it’ll be right here and then that’ll be this will automatically change color if this thing has ever been seen or it’s currently being scene or
Something like that I don’t know how I’m going to do it I’ll figure it out don’t check my alos I need to turn all alos off I think right now because it’s no it’s still early okay gold is this one’s okay all alos are off
Right now uh time frame is dead I just gota make sure to turn NASDAQ off by the end of the day okay um I think that’s all I wanted to cover here if you don’t if you’re not member of the the private crypto group uh a lot
Of this stuff might not make sense to you this is specifically for us um there’s a handful of spots still available it is that very expensive expensive group there’s only going to be uh restricted number of people this I sent this out to that group uh not this
Video but these numbers and this data I’ve sent it out to them uh ahead of time so today’s bounce they were they were positioned to buy it um uh I still even though I didn’t do any buying I would not be doing any buying until we get down into
61.8 now if that doesn’t happen and we start pushing our s Longs start firing again all the sectors start firing everything keeps going I know that what I want to own I want to own Solana and Celestia and avax and Link are kind of lower on my list of
Shopping uh things they they did not perform the way that Solana and uh Celestia did for what it’s worth I have a price Target on Solana here within the next few months at uh 700 to8 50 so I want to be buying salana if I
Can get down to this to this level I would be buying Solana I would be buying Solana in fact I bought at 99 so I am a little bit front running I’m waiting for a new Buy Signal on Solana by the way uh on on the system
This was a this was a infrastructure play on mine on my part um when this signal fires again I I will not be buying a 61.8 on um Let me let me clarify I will not be buying a 61.8 on Solana on a pullback I don’t believe I’m already
Positioned um and I don’t believe that it’s whatever that’s that’s a 40 Point range not really that big of a deal to me depending on where I am with capital and how long it takes to get down there if it does would be something of interest to you know changed my
Mind but between now and then if this turns and we start sending from here the only thing I will be doing is when the algo fires I will take the algo trade and add to my position if it goes down into here we’ll reconsider about adding
To it or doing other things to it um and you know as more Capital comes into my crypto account from outside sources I may I may want to put trades on here but at this moment that we’re speaking right now um I’m likely not going to be adding uh anything to Solana
If it gets down to there I will be waiting for the long algo signal Tia is still in it if Tia comes down to there boy am I gonna buy that so that’s that now uh let’s take a look real quick at um at the market uh so this is ethereum
Bitcoin total two so that’s Bitcoin and ethereum uh the whole Market excluding uh Bitcoin and ethereum I believe is that right Bitcoin and ethereum right and and then total three is excluding Bitcoin just excluding Bitcoin okay total two is the whole Market excluding Bitcoin total three is Bitcoin uh
Excluding uh Bitcoin and ethereum and then there’s others which is in my mind the one of the better ways to look at altcoins the the altcoins um everything is recovering together if we look at today we can see who’s performing Bitcoin is outperforming ethereum uh and all the shitcoins so
We’re heading into the weekend um I do want to point out that we had the the Bitcoin ETF and there was just I’ll acknowledge this whole thing if if you don’t know about it the ETF came out um and gbtc which was the gry scale grayscale trust Bitcoin which had been
Traded did for the last couple of years and they charged a 2% management fee um to do that and that 2% management fee now that there’s all these ETFs out there um they’re charging like 25 basis points 2% is 200 basis points so like Fidelity and black rock and Arc and you know
Everybody 11 companies launched an ETF last week uh and gbtc was the most expensive so what happened is you know they had uh gbtc had the huge amounts of Bitcoin and so whenever somebody would sell on gbtc they had to sell the Bitcoin because it was a a one to one so
You sell like you you had $1,000 Dollar in gbtc and you sell it they have to go sell $1,000 worth of bitcoin so there were huge outflows of Bitcoin for last week because you were paying 2% for a 2% premium for a product that you could get
For like you know in in some instances they’re not even charging a management fee for the first six months or the first like six billion people that six billion dollars that invested you know so there’s huge fee Wars going on right there that you could totally have um
Beaten and so all that is to say they’re selling gbtc people are seeing the selling going into gptc and they’re just monitoring is it going into black rock is it or uh yeah black rock is it going into Fidelity is it is it equaling out also you have to understand some people
Have been in gbtc for years and they um they might be willing to take that capital gains hit and you know maybe just say all right well let me let me see what’s going on let me see you know I sell Bitcoin at gbdc at $50 and it’s trading
At 3738 right now well let me just wait so so this is this is the IPO priced at whatever $44 I think it comes out currently trading at 37 and it’s starting to get a bid so it’s back to the price levels that before the the uh
ETF so I’m it looks like people are just buying um so let’s go ibit maybe um you can see they’ve only been out for a week right um but everybody’s rallying right now two and a half% rally on uh on that and and you can see there’s a two two and a
Half percent rally on gbtc it should once the outflows are done and that’s probably what sparked this rally here um once these outflows are done it should start Bitcoin getting back to normal uh our algorithm is long Bitcoin right now so you know these dips are viable if you’re interested using our
System and uh that’s pretty much it that’s what I got I’ll upload this and uh hopefully we’re starting into the weekend everybody have a wonderful weekend love you all bye
1 Comment
Is this the swing beast system?