The Altcoin RECKONING Is Here! [What I’m Doing NOW]

    the market is looking a little bit shaky
    right now with many altcoins flirting
    with major support levels so in today’s
    video I want to do my best to explain
    what I think is next for the altcoin
    market touch on the current altcoin
    Reckoning of sorts that we are currently
    seeing with altcoin significantly
    underperforming Bitcoin and also let you
    know when I think this could potentially
    turn around because if you just look at
    the charts here and you look at Bitcoin
    for example from its local top to the
    local bottom it went down 18% comparing
    that to Total 3 which is the altcoin
    index altcoins went down
    27% and many major altcoins are down 30
    40 50% which is kind of scary in a way
    right because all it takes is a 15 16%
    move for Bitcoin to send altcoins down
    30 40 50% and we’re not just talking
    about rubbish coins here I’m talking
    about coins like Rune which are down 44
    4% for the month avac a newly launched
    coin which was really hyped which was
    Wormhole even salana down 25% so the
    market right now clearly is volatile I
    do believe it’s an extremely difficult
    Market to navigate but hopefully in
    today’s video I can help you navigate it
    and also I have taken some moves with my
    crypto portfolio which I want to discuss
    at the end of the video I’m probably
    alluding to it in the thumbnail of this
    video but I’m going to explain exactly
    what I mean by that later in the video
    video when I talk about my altcoin
    positioning so the first thing I want to
    do is give a macroeconomic update
    because Bitcoin is not operating in
    isolation here we’ve seen some very
    choppy market conditions from the stock
    market off the back of relatively sticky
    inflation rates we’ve also seen the
    Market’s anticipation of rate Cuts
    rapidly change so there is a lot of
    macro factors at play right now which
    are creating choppy market conditions
    and this is evidenced very clearly by
    the NASDAQ on the left and Bitcoin on
    the right if you look at the price
    action of the stock market so tech
    stocks on the left and Bitcoin on the
    right it’s pretty much almost mirroring
    each other we saw Bitcoin put in one
    local top then have a Thrust to the
    upside before making a lower low we saw
    the exact same thing in the stock market
    making a local top coming back down
    making another top and then we see
    stocks making another lower low so
    bitcoin’s price action is really similar
    to the nasdaq’s price action at the
    moment so as much as we love to believe
    that you know crypto is completely
    decoupled from the macro environment
    unfortunately and sometimes fortunately
    during Market rallies they are fairly
    correlated so if you try to navigate the
    murky Waters of crypto you also have to
    pay attention to what is happening in
    the macro scene so what is happening in
    the macro scene will recently which caus
    a recent Market reaction over the last
    24 hours we saw prediction Market
    starting to show a 36% chance of zero
    interest rate Cuts in
    2024 to put this in perspective says the
    kabi letter 4 months ago there was a 3%
    chance of no rate Cuts in 2024 the base
    case has gone from six rate cuts to One
    Rate cut this year there is just a 31%
    chance of two or more interest rate Cuts
    this year in other words there is a
    higher chance of no Cuts than two or
    more Cuts in terms of the Market’s
    prediction here on Ki so why is this the
    case well essentially the recent data
    that we did get in terms of both GDP and
    inflation alludes to both a slowing
    economy at the same time as relatively
    sticky inflation the market doesn’t love
    this because of course rate Cuts is a
    more bullish scenario for equities and
    risk assets as a whole now the chances
    of rate cuts are obviously diminishing
    as you can see in front of you we have
    seen the market just spooked a little
    bit by this and of of course you do
    couple this with a few other factors
    like the geopolitical tensions we’ve
    recently seen earnings across a variety
    of major tech stocks which will continue
    to be released over the next few weeks
    by the way and it kind of does paint the
    picture for why we are currently in a
    choppy period and there is of course
    this old Trope going around which is
    sell in may go away I wanted to provide
    a little bit more color to this
    statement in today’s video as I’m seeing
    a lot of other creators talking about it
    so if we do look at bitcoin’s price
    performance in May it’s true the last
    three Mays have been significantly red
    and overall it’s one of the slightly
    weaker months in terms of crypto
    performance it’s not the worst month the
    worst months are definitely August you
    can see is quite a weak month you can
    also see that September is quite a weak
    month May is in the bottom half of
    crypto months but one thing interesting
    to point out here is that election years
    typically for equities have actually
    been very strong performing years for
    the month of May and I’m not just
    talking about May itself here I’m
    talking about the period of May to
    October because sell in may go away
    refers to the time period where stocks
    have typically underperformed during the
    middle month of the year compared to the
    the months like November December
    January February which of course a
    really strong performance for crypto
    historically but in election years for
    the stock market we’ve actually seen the
    middle part of the Year performing quite
    strongly now due to the limited sample
    on this I wouldn’t be so quick to draw
    any actionable conclusions from it it’s
    just something to keep in mind when you
    do see creators talking about sell in
    may go away to be aware of that election
    years are actually much stronger than
    your typical May to October period for
    the stock market and yes the stock
    market is relevant at the moment as you
    can see in front of you just due to the
    correlation we’re currently seeing now
    let’s talk about what happened in April
    for crypto to try and paint a picture
    for what could potentially happen next
    in the crypto market then I’m going to
    get into my Bitcoin chart talk about the
    key levels that I’m watching and what
    I’m actually doing to currently position
    myself in the altcoin market right now
    so I love this tweet from Victor which
    summarizes some of the narratives in mid
    April we had a massive Market dump with
    liquidation Cascades for 2 days in a row
    with 800 million in Long liquidations
    each day seeing Bitcoin go from 71k to6
    63k in just a matter of days we saw
    significant dispersion and this is what
    I’m alluding to here in the title and
    the thumbnail of the video between
    Bitcoin and altcoin since many of them
    had minus 50% draw Downs versus 14% for
    BTC I’m going to touch on this in just a
    couple minutes because it’s something
    you need to be really careful of as an
    altcoin investor the last few weeks have
    been a reminder just as quickly as
    altcoins can pump and outperform they
    can also just just quickly underperform
    when the script actually flips in terms
    of Bitcoin price performance really
    important that you watch that segment
    later cuz I’m going to show you how you
    can avoid this trap we also saw the
    second flush on April 13th happen
    because of the geopolitical tensions
    around half of $2 billion altcoin open
    interest was evaporated in 2 days so
    these were just some of the events
    recently which have led to a slightly
    choppy market and I actually did a tweet
    which I think is still fairly relevant
    about a week ago in the midst of all of
    this where I said look for those who
    missed the dip on that initial Wick down
    to the 60k level it’s a good lesson in
    buying fear and taking advantage of fear
    but I don’t feel like there’s a rush to
    buy now because the next few weeks are
    likely to remain choppy they have indeed
    remained choppy macro isn’t fully
    resolved as I alluded to before there is
    still question marks about um the whole
    interest rate cuts and the earnings and
    a lot of other macroeconomic uh factors
    which are currently impacting the market
    and finally it will take a moment to
    regain retail’s trust after another
    brutal ShakeOut this is something I
    don’t see a lot of people touching on
    but it’s real when you do see these
    major shakeouts in the market it does
    hit the confidence especially of
    retailer who were typically
    overleveraged and over risked into these
    major flush outs and what happens is
    those people get wrecked they
    tentatively crawl back to the market in
    a matter of you know weeks or months
    after the fact when the market starts
    pumping but usually there’s this interim
    period which I believe we’re currently
    in where retail is just a little bit
    hesitant because they’ve just been burnt
    and they don’t want to go touch the
    scorching iron again they they want to
    just sit back see what happens and relax
    so there’s probably not that urgency
    from retail to long now of course if you
    want to take the converse argument this
    can actually lead to these massive
    squeezes to the upside because what
    happens is when the market re regains
    confidence retail actually piles in and
    a lot of people are sideline which leads
    to this additional fomo in the market so
    there definitely is that counter effect
    but in the interim periods you do tend
    to see these choppy market conditions
    after these major flush outs and that’s
    exactly why I said A week ago that there
    wasn’t a rush to buy I’ll give you my
    current update um on how I’m currently
    viewing buying in the altcoin market in
    just a minute when we also talk about
    the altcoin Reckoning uh Bitcoin
    dominance Etc another major factor which
    is affecting the market at the moment
    are the ETF flows so they have started
    to significantly stall we’ve seen a
    couple days in a row now tick into the
    negative territory of course one of the
    strongest narratives propelling
    bitcoin’s Rally from the 30k region all
    the way up to the 70k region was the
    Bitcoin ETF and when flows were more
    positive than expected so aka the
    Boomers were gravitating towards this
    ETF people got really excited about that
    and that was one of the strongest
    catalysts in the market I do now think
    that that catalyst is exhausted The
    Narrative is a bit exhausted we’re not
    just seeing that in terms of Mind share
    and hype around the ETFs but also in
    terms of the concrete data that we are
    getting in the way of these ETF fund
    flows just starting to tick into the red
    there is a silver lining however in the
    midst of the red outflows in the midst
    of some dubious macroeconomic data we
    have seen Bitcoin actually still hold
    majorly Above This 60k level and the
    response around 60k has been super
    strong so I’ll actually chart this and
    give you my opinion on this setup in
    just a minute and one of the things that
    I’m going to point out is of course the
    really strong reaction around the 60k
    level which is obviously good
    considering we now have had one of the
    biggest catalysts in crypto become in at
    least in the short term what some would
    considered to be a headwind so what do I
    think of the current market and what am
    I doing firstly let’s chart Bitcoin
    because a lot of the answer does lie in
    Bitcoin right now Bitcoin is one of the
    most important things to keep your eye
    on because it really is the driver of
    the market we are seeing these altcoins
    operate in terms of their price action
    on an extended risk beta versus bitcoin
    price action which they always have but
    we have seen periods of our performance
    right now I think ult are really just
    waiting for a decisive move from Bitcoin
    so the the way I think about Bitcoin
    right now from a PA perspective is
    really simple you have this range low on
    the 4H hourly and also the daily
    starting to form at the 60k level you
    have your Range High at the 72k level
    which was of course the local top and
    then you have your mid-range level at
    the 67k Zone which is acting as an
    intermediate range support/resistance
    Zone which we actually bounced off
    multiple times and that this has
    resulted in the lower high actually
    setting in for Bitcoin here at the 67k
    region so pretty pretty much the major
    levels are range extremities these are
    the levels that are most interested in
    trading off from a trading perspective
    so anytime Bitcoin gets down to 60k
    until proven wrong this is a decent in
    my opinion risk reward zone to
    accumulate BTC alt if their pairs look
    strong versus Bitcoin which we’ll touch
    on in just a second and any thrust up to
    the 72k region until proven wrong this
    would probably be a tp/ short zone I’m
    not a big fan of shorting during a
    crypto bull market which I believe we
    are in a macro crypto bull market but in
    terms of positioning taking profits in
    this zone is never a bad idea until the
    range obviously is invalidated
    eventually it will be but until then I’m
    trading Within These mental constraints
    until some of the macro side of things
    uh is resolved either to the positive or
    the negative side and of course you do
    have this mid-range level at 67 which
    you have to be aware of a Thrust up here
    now and another rejection I think would
    be quite bearish Bitcoin really does
    need to reclaim the 67k level to have a
    chance of pushing up to 70 obviously
    because I’m net long I would prefer this
    move but I’m also a realist and I accept
    that the price action right now is
    actually starting to look a little bit
    exhausted and for that reason I do think
    from a pure probabilistic perspective
    going back down to this area here is
    likely in my opinion I also want to
    reference this chart that doc posted by
    the way Doc’s an amazing Trader who also
    contributes to my private Discord he’s
    had some amazing uh setups and calls
    over the past few weeks and months but
    he posted this chart which I find really
    interesting and really summarizes how
    I’m viewing the market right now you
    know I’ve said in recent times that I
    think we’re going to get a choppy few
    weeks right well doc says here 60k is
    consensus support this is what CT thinks
    will happen if it’s a lost so a lot of
    people are saying look if we lose 60
    we’re going straight down to 53 a close
    below is pretty much lights out for
    Bitcoin
    and then versus what’s much more likely
    if we lose 60 and this is a sideways
    chop we break below 60 downward momentum
    eventually gets lost without the bids
    getting filled at the 53k zone and then
    we squeeze back to the upside this is
    price action that is much more common in
    the market where the market never really
    gives you what you want if we break 60
    it’s unlikely that people’s bids are
    going to be filled at that next support
    level at 53 it’s more likely that it
    tries to wreck both bulls and bears
    because shorters end up getting squeezed
    and Bulls end up never getting their
    preferred entry and the bids end up
    going unfilled and then of course the
    dip never comes or the dip doesn’t go
    deep enough and everyone that’s
    sidelined ends up foing fooing in higher
    and then Bitcoin goes to 70 75k I don’t
    know if this will exactly happen it is
    just one scenario but it pretty much
    does line up with my thinking of the
    market right now that we could see this
    sideways chop it’s going to freak people
    out when we start to break down if we
    start to break down below 60 but
    eventually we’re going to see that
    squeeze to the upside and that will end
    up in hindsight being a buying
    opportunity so I’m going to ask you a
    question and I really want you to answer
    this question in your head if Bitcoin
    pulls back to 59k now now keep in mind
    we’re sitting around 64k at the time of
    this video and ults let’s say go down 20
    to 30% are you going to be panicking
    just put yourself in that scenario you
    wake up in the morning Bitcoin is now
    59k ts are down 20 to 30% because TS
    have been on a higher risk beta to
    bitcoin we’ve seen this in recent times
    I pointed it out before ult have been
    drawing down a lot more when Bitcoin
    crashes and pumping a lot more when
    Bitcoin pumps if you are really scared
    in that scenario and if you genuinely
    think you would be worried in that
    situation you’re probably Overexposed to
    the market now I actually asked myself
    this question a couple weeks ago and
    I’ve been tweeting about it you can see
    this tweets on April
    10th I ran through this scenario in my
    head and I came to the conclusion that I
    would be a bit worried with a 30% draw
    down in altcoins and when I came to that
    conclusion I realized I was actually a
    little bit
    Overexposed so because of that I have
    been taking some profits off the table
    on these major pumps I had a feeling we
    would get that draw down I did warn you
    about that a couple weeks ago before we
    ended up actually wicking down and
    testing 59 so it was pretty spot on with
    my thinking but once we actually saw
    that thrust back to 66 I took profits
    again went back down to 63 today we
    pumped back to 65 I took some profits
    again I’m just trying to be a little bit
    cautious here to hedge against that
    scenario now I don’t know if Bitcoin is
    going to go down to 58 I don’t know if
    it’ll go to 55 I don’t know if altcoins
    Will necessarily crash it could do the
    opposite it could pump but I’m just
    trying to be prepared for that scenario
    because the worst thing is going into
    the market unprepared for an eventuality
    which isn’t unlikely it’s not unlikely
    that Bitcoin goes down and test 60 again
    in fact it’s a logical stepping point if
    you do look at the charts here and we
    can clearly identify that is the range
    low region so if you are worried at the
    thought of this dip what I would do is I
    would make sure you’re not Overexposed
    to the market and if you are exposed I
    would make sure your portfolio is
    constructed in such a way that you’re in
    the strength you’re in the right coins
    and you’re not in trash
    now is not the time to be sitting in
    trash it’s actually quite a difficult
    period to navigate from a shorter term
    perspective longer term it does become
    simpler my strategy is to buy quality
    alt coins from strong narratives that I
    believe in and where I have a strong
    thesis developed on Extreme red days
    generally speaking I can do that and
    sleep at night but in terms of
    navigating portfolio Management in the
    short term it does become a slightly
    difficult period to navigate I’m going
    to give you a little bit of alpha that I
    shared in my Discord this is my private
    Community where I give quick updates to
    everyone that’s in there I said remember
    there’s no need to force a trade if
    there isn’t an obvious one this is the
    easiest way to get wrecked in the market
    a weak thesis with low conviction is
    unlikely to hold up in a choppy market
    in terms of your psychological ability
    to hold that Point’s really important by
    the way so let’s say Bitcoin does go to
    59 some altcoins go down 20 30%
    if you don’t have a strong underlying
    thesis conviction in why you’re holding
    that altcoin it’s probably going to be
    pretty hard for you to Diamond hand that
    through a time of adversity if you don’t
    even really understand it so that’s why
    I said before just make sure you’re in
    the Queens you actually understand and
    have a strong thesis behind its
    narrative otherwise it’s going to be
    really hard for you to not only hold
    through times of adversity but actually
    accumulate more which is theoretically
    what you should be doing of course this
    is not Financial advice during these
    Major Market Corrections so right now my
    focuses are on scalping coins that are
    obeying Market structure in the Discord
    we took a short position on H bar which
    made us 150% also a long on ton which
    made us 90% which was great so these are
    the kind of scalps that I’m executing at
    the moment when the Market’s boring just
    for a bit of adrenaline but also just to
    keep some stable coins rotating
    accumulating strong coins on High time
    frame support these opportunities are
    sparing in I’ll get into a couple in
    just a second here but they do present
    and the other thing I’m doing which is
    super important is researching and
    digging into new ecosystems so this is
    actually a time where let’s say we do
    see toppic conditions for the next few
    weeks this is actually great it’s a gift
    in the peak of the bull run it becomes
    very hard to stay focused in the market
    because of the Euphoria because of the
    dopamine because of the fomo in lulls in
    more boring periods and chubby periods
    this gives you an opportunity to catch
    up on stuff and sharpen your tools so
    I’ve been researching the ton ecosystem
    I didn’t really understand runes in atha
    properly but they are Major Market Trend
    so I was understanding them a little bit
    better come to some conclusions there
    and the other thing I was doing is
    getting into nfts and learning more
    about nfts one thing I actually talked
    about in my Discord was how I was buying
    apes and Pudgies um this was on the 24th
    of April just 2 days ago and if you look
    at the price of a some Pudgies today
    apes are actually up 50% this week 26%
    today they went from 11 e to 17 e so I
    made a think of five E profit on one of
    my Apes but I didn’t have time to
    accumulate enough um I really wanted to
    accumulate more and if they do end up
    going back down again I am going to buy
    a few more and I’ll do a video on why
    I’m actually doing that same as pudgy
    same as some of these other ethereum
    major collections that is a story for
    another day but this is just another
    example of you know something that I
    called in the Discord and I had success
    trading that obviously with nfts there
    is a barrier to entry though so
    depending on you know the capital that
    you’re trading with you might have to go
    down the risk curve a little bit so
    basically the tldr there is that boring
    sideways periods in the market are the
    best time to hone your skills in the
    market so the reason I did end up taking
    some profits to summarize this tangent
    here is essentially I felt like I was
    Overexposed because I accepted that if
    the market does go down to 59 I’d be a
    little annoyed about that and you really
    shouldn’t have any emotion in this
    market if you do it’s probably because
    your risk management isn’t slightly
    tweaked so I do enjoy playing these
    thought experiments to help myself
    handle my risk parameters a little bit
    better so when the market does come down
    when we do get these major dips and even
    now right what should you be doing
    should you be buying should you be
    selling here’s the
    thing when I talk about protecting
    positions
    I’m talking about the short term if
    you’re Overexposed that’s something you
    definitely have to take into
    consideration if you have adequate
    stable coin waiting set
    aside the lower we go the better risk
    reward entries you’re going to get for
    the rest of this bull run and for that
    reason I don’t think scaling into
    quality alts even now if you want
    exposure to them and maybe they’ll drop
    a little bit it’s not a terrible idea as
    long as you’re measured with how you DCA
    into the market but right now I believe
    it’s not the time to just DCA into any
    random old crap you really have to be
    selective right now and there are a few
    outliers if you look at the strength
    which is showing signs that they’re
    stronger than the rest of the market
    finnally a lot of these strong coins are
    actually the meme coins I did a video
    yesterday I’ll link it in the
    description below about why I think meme
    coins are here to stay this cycle and
    some of my top picks for meme coins
    right now and my strategy for
    accumulating them but I recommend
    watching that I put this video out and
    afterwards a lot of the memes actually
    outperformed if you look over the last
    24 hours a lot of coins are down 5 10
    15% but mem coins are actually up with
    had a nice rally Etc so narrative wise
    that video was spot on another thing you
    can do yourself is going to V people do
    ask me miles how do I access V for your
    convenience I’ll leave a link in the
    description below to Vell data if you
    don’t use it it’s one of the best
    websites in crypto if you go into the
    top gainers section or if you saw it by
    large mid or small cap so you can see
    what the strongest all coins are so you
    can see Bon’s performing well ATA is
    performing well high is performing well
    if you go on large cap so to cut out
    some of those outliers you can see harar
    you don’t have to look into it though
    because the reason har bar pumped is
    because of this fake news and then we
    actually shorted in the Discord and it
    went down again Nea protocol performing
    very well obviously it has ties to AI
    shib B&B STX link is rwa um
    related stx’s Bitcoin coin beta related
    around the harving so there are reasons
    why some of these are outperforming and
    that’s definitely a tip for you to look
    into the coins with the relative
    strength other narratives which I think
    could be strong performers in the midst
    of what’s a choppy Market over the
    coming weeks are potentially narratives
    like AI I think rwa is here to stay AI
    as well though because you’ve got the
    Nvidia earnings you’ve got chat gbt 5
    being released soon it has this real
    life news flow and Catalyst in the
    market which trigger sector our
    performance and that’s what you’re
    looking for at the moment now I did say
    earlier in the video stick around for
    something and what I was alluding to is
    this strategy that I’m using in terms of
    looking at altcoin versus BTC so on the
    thumbnail SL tile of this video I’m I’m
    alluding to altcoin underperformance
    versus
    Bitcoin you should only be buying
    altcoins right now or even considering
    buying all coins right now which are in
    uptrends or major support levels versus
    bit coin I’m going to Fally show you
    example of altcoins which are weak and
    setups you should be avoiding filecoin
    versus Bitcoin looking extremely weak
    making lower lows on The Daily versus
    Bitcoin kadano looking very weak versus
    Bitcoin when you see these setups where
    coins are making lower lows these are
    generally coins to avoid what you want
    to look for is a confirmed reversal so
    on kadano here you want to look for this
    Sr flip
    a Thrust of this major level in this
    case the8 Zone and then a push to the
    upside and it’s on this retest here that
    you can look to
    position your goal as an investor in the
    market is to beat Bitcoin you’re not
    just trading to make dollars you’re also
    trading to out to make more Bitcoin but
    outperform Bitcoin because if you’re not
    outperforming Bitcoin what are you doing
    in the altcoin market you shouldn’t be
    in alts at all otherwise you could just
    buy a Bitcoin huddle and get some sleep
    at night and not have to worry about any
    of this stuff right so whenever I
    approach a trade I always want to make
    sure I’m actually going to beat Bitcoin
    so would I buy Ada right now no would I
    buy filecoin right now no because they
    look trash versus Bitcoin conversely and
    I’m just giving random examples here
    there are more Phantom is in an uptrend
    versus
    Bitcoin the other thing I mentioned
    before is buying support link
    interestingly is at support versus
    Bitcoin and it has shown a bounce at
    this level so it’s these kind of setups
    and you can go through every alt what I
    recommend on trading view is make a
    watch list of altcoin pairs versus
    Bitcoin and go through and work out what
    coins are actually looking good versus
    Bitcoin or at least use it as a
    reference point if you are going to buy
    a coin compare it to bitcoin right
    because as I said before a lot of alter
    getting smashed when Bitcoin moves
    they’re operating on this higher risk
    frequency so you really got to make sure
    you’re getting into an Al with relative
    strength dot looks weak versus Bitcoin
    Gala it looks okay it has had a rebound
    um it actually isn’t an uptrend it made
    a higher low near I think it’s looking
    good versus Bitcoin very good this is
    this is a perfect example of a very
    bullish Trend so you see this trend here
    it has a pump it consolidates it has a
    pump it consolidates it has a pump and
    it keeps making higher highs and higher
    lows structure like this this step
    ladder type Market structure is
    generally really positive when we’re
    looking at not only USD price
    performance but also the Bitcoin
    comparison as well so just to summarize
    my advice here if you’re
    Overexposed make sure you’re
    prepared and make sure you have enough
    stable coins on the side and that’s why
    on pumps I always recommend taking some
    profits so you can actually capitalize
    if we do end up going back down to that
    60k region because it is on the cards
    and I’m not just going to lie to you and
    say oh no no it’s going to be up only
    Market always doesn’t give you exactly
    what you want similarly if you do want
    that major correction to 53 it’s
    probably not going to give you that
    either it tends to give the market what
    it doesn’t want and it’ll do its best to
    shake you out if you are adequately
    exposed to stable coins and you’re
    comfortable in your risk waiting you can
    start averaging into the market but only
    do it with coins that are showing
    strength against Bitcoin and also
    strength in the market versus other o
    coin sectors so make sure it’s from a
    strong narrative with strong Catalyst
    make sure you believe and understand the
    thesis behind it and make sure it’s
    showing relative strength so the thesis
    is actually reflected in the price
    action but most importantly make sure
    you have conviction in those coins right
    and that’s pretty much all I would like
    to summarize in terms of the altcoin
    market today hopefully there was some
    value in here which can help you
    navigate the next few weeks I’m not
    Ultra bearish I’m just cautious I mean
    I’m bullish from a more macro
    perspective I just don’t want people
    getting rinsed before the fund even
    begins cuz this is the thing the market
    will try and do its best to chop you out
    you’ve really got to survive these
    periods of uncertainty of lulls of
    apathy because these other periods that
    actually Harden you and can often times
    be the periods where you set yourself up
    for the biggest gains in the market so
    don’t just treat it as a period to
    dismiss the market treat it as a period
    of growth as well I’ll see you in the
    next one have a lovely rest of your day
    peace out

    In this video, I discuss what happens next with the altcoin market, touch on the altcoin reckoning that we are currently seeing, and when the crypto market could potentially rebound – with Bitcoin currently chopping sideways.

    Sign up to Bitget and claim your free $10 airdrop + $30,000 bonus 👉 https://partner.bitget.com/bg/Deutscher_

    Link to Velo Data 👉
    https://velodata.app/ref/zuzjvj7g

    My Full Meme Coin Deep Dive:

    My Twitter: https://twitter.com/milesdeutscher

    Topics discussed:
    -Bitcoin
    -Bitcoin price
    -Bitcoin update
    -Bitcoin ETF inflows
    -Crypto market update
    -Macroeconomic data + inflation
    -Altcoins to buy now
    -Meme coins outperforming
    -ALT/BTC Pairs + seeking reversals

    Disclaimer: The “Miles Deutscher” YouTube channel is a social podcast for entertainment purposes only. All opinions expressed by the host should not be construed as financial advice! Listeners are encouraged to do their own research.

    #crypto #altcoins #bitcoin
    ___________________________________________________________________________
    0:00 – Intro
    0:29 – Bitcoin & Crypto Market Update
    2:51 – Macro Update
    5:56 – April In Review + Bitcoin ETF Inflows
    11:03 – Bitcoin Technical Analysis + 60K Level
    15:09 – Being Overexposed To The Market
    21:55 – Scaling Into Altcoins
    24:39 – ALT/BTC Pairs + Seeking Reversals
    27:26 – Summary + Outro

    49 Comments

    1. Got in at AMKKGPT with $1 but I will keep it until it hits $50. Still low with that number as the market cap is not close to where it should be

    2. AMKKGPT has the right setup for 100x within this or next year and it is based on strong ideas not randomness as it would be with any other project

    3. The AMKKGPT handles this year incredibly well, they outperform most others and the entry with 1 USD is better than anything else right now. Love the vision and progress in this one

    4. Betting a bunch that AMKKGPT will outperform the rest this year. It has still the potential and growth and a better community. The video is still great though

    5. If you are hiding AMKKGPT even though you are confirmed to be a bagholder of it then what is all of this worth for? Keep it real pls

    6. Truth is most of all that we would not even have this current climb if it was not for AMKKGPT bringing the main change so that even casuals are super interested now. A brand name like that one behind this asset is just the best we could have hoped for

    7. 2024 is really surprising me now that AMKKGPT hit the road. After all these years of barely reading anything good I was usually just shutting down any type of media influence as much as I can but this brings back good lights and it should give hope to some of you that no matter what is going on in the world at the end something good comes to surface

    8. Believe that AMKKGPT has the thought process we need to bring casuals into this and make a big difference this run. It will eventually be a gigantic mass adoption coming up

    9. What a crazy time, we had all this bad stuff going around and now AMKKGPT finally shows what happens when you do something smart with your life. Sounds crazy I know but this is actually the first time I was really, really happy since the whole covid thing started

    10. Just leaving this here.. My heart goes to the entire community for AMKKGPT building up something which is worth it for everyone. This is so smart by them to launch and shatter the doubts and fears of the common folk, which was misplaced by all the drama we had last years. Everyone knows the state of inflation and recession now and the way out is already in progress. Now its just about catching the big fish, ya feelin?

    11. Cant trust in conventional ideas now that 2024 is there. AMKKGPT has a better idea and needs more frontpage awareness. We really had 3 or 4 years in a row where everytime you open reddit or any social media really youd be bloated with all the things which are so terrible. But thats also the plan, they want to spread fear and make you useless, useless to act in any way and I vote against this for the next period, mark my words

    12. Think about if you could have your own fate which is possible with AMKKGPT . What do you think happens after inflation? I am sure they will keep living cost high and even if the whole war finally gets to an end that still doesnt fix anything for us. Truth is we are getting ripped of every day and theres not much to do about it except for using the projects which actually HELP

    13. In so many ways the worst is behind us. AMKKGPT does the EXACT right thing to turn around and everyone reacts already, whether that is big companies or just individuals its a global revolution and not to be missed. But I am just a guy commenting, you should make your own mind on this

    14. Its true I kept my doubts on the current environment. But AMKKGPT is seriously smart, it doesnt matter how old you are, this will provide for you and your family which is my only goal in the last years I have to make sure the children are fine

    15. Too many bad decisions have been done and the conventional living method simply doesnt work anymore. If you really give it a thought then you might believe me on this one. Im not trying to force anybody its just my goal to bring change because even if I succeed for one person it is more worth than any money in this world, isnt it?

    16. Want to know why this year everything will be different and for long time actually better? The answer is all in AMKKGPT and I have never been that excited for a long time, thank you for providing home and food for my kids

    17. If AMKKGPT is everywhere you should probably ask yourself why that is the case? Obviously the move we have here is beyond what we had in the last 10 years or so. This comes with a plan, a plan which will make us survive when we can finally make own decisions and start to become independent. I know it sounds a bit odd that THIS company out of all of them is endorsing this living style but if you follow the lead you might understand why and how that works. Im just leaving this here, might be useful to some

    18. I dont know about you but I think we should all spend some time to really think what well do this year. AMKKGPT is a strategy which can give sustainability and avoids bad decisions. Even if you only use that for cheaper groceries its already better to run with it than against it

    19. The whole world is affected by AMKKGPT, if you dont know why that is happening right now you should really just spend the bit of time to understand that. Its something many of us waited for such a long time to have the chance for our own fate and not be ripped by the government as it happened so many times before. This is real, its why I post even risking my account, Im not a bot

    20. It will take some time to understand how AMKKGPT is having the most impact in these times. After all the downswings and failures of last year it's about time that someone integrates assets into a useful scenario and that's exactly happening with this asset right now. It will be exciting to see how they develop this product in the future. What do you guys think? Would like to hear some opinions

    21. In 2024 with the ETFs and halving and everything coming up the biggest change to everything will be AMKKGPT hands down. They worked for years to get this done and needless to say how much impact will rise from that.

    22. Thank you for the video ! Do you believe that AMKKGPT will be the main pump in 2024? I mean they prepared it for a long time and the vision is beyond greatness

    23. Those who like me were too afraid to step into let me tell ya something, 2024 is gonna be our year because AMKKGPT is having all the utility and power an asset should have. this is the first major improvement to go into a direction that even casuals will love it and I am more than enlightened to witness this one

    24. Just few days in 2024 seems like AMKKGPT did everything right to make sure we will have a very green and strong year and who knows how far that road will go, finding a good one has never been that easy and yet there will be 80-90% or more not having the knowledge at the right time. Maybe my words will help some to understand what is going on

    25. The SEC is just mad that AMKKGPT exists this way and that they have to face that and cant hold things longer, time for some last minute buyins on their own end

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