BC CRYPTO
Saved by @Jacobtldr

Big #Altcoin thread for $ALTS: Where are we at in the cycle, how long do we have, is this #ALTSEASON, what are the relationships like, all of that. $BTC #Bitcoin $ETH $LINK #Altcoins

 First: What is #Altseason? The true altszn was seen in 2017/2018, where $BTC fell off a cliff and $ALTS were the 'safe haven' from btc dumping. ALTS went literally 1000%+ (many much higher). Since that time we have seen many #Altcoin pumps, starting primarily in late Q4 each year
These Altcoin pumps are usually 20-1000% gains on nearly the ENTIRE #Altcoin market. This is awesome to see and genius season- you can't lose. Dips are bought up quickly and both ALT/USD and ALT/BTC pairs pump HUGE. Are we currently in that environment? I'm not quite sure tbh.
I think that $BTC still has a little more gas in the tank, which would result in ALT/BTC pairs suffering IMO. You can see more of my thoughts on #Bitcoin below, but I think that we could see 1 more shakeout + then we could see a big run starting in December 2020 for $ALTS
As an #Altcoin trader, you need to understand several things for the environment in which to trade $ALTS successfully:
- $BTC PA
- $BTC.D
-Seasonality
- $ETH
- and much more
IMO, the easiest way to figure out what the altcoin environment is like is by looking at $BTC.D, aka #Bitcoin dominance. Many notes on the charts, please read them. In short: BTC.D going up = altcoins down. This is mostly in referral to ALT/BTC pairs for the most part.
As you can see, $BTC.D goes down in Q4s each yr, starting in December. The last 3 Decembers have been quite nice for #Altcoins and I don't expect this to change personally. We see pump in Dec-January, cooling off in February, and then a springtime pump for $ALTS.
Another important thing to note is altszn is also characterized by ALT/BTC pairs doing extremely well (more than ALT/USD pairs). Generally, ALT/USD will go up with BTC/USD.

BTC up= ALTBTC -/ ALTUSD +
BTC down= ALTBTC -/ALTUSD-
BTC range = ALTBTC+/ALTUSD+

Always exceptions ofc
Right now we're seeing ALT/USD go up more than ALTBTC (for the most part) when BTC is going up. If BTC starts to range, I expect ALTBTC pairs to catch up personally. More on $BTC thoughts below:
What are the drivers for #Crypto? $BTC and $ETH are the biggest market caps. Here is #Bitcoin first and the price action and what I expect. Check out this thread that I wrote before:

https://t.co/v9pvOOEWsK
$BTC has had 3 different types of price action in the winter the last 3 years. I think that this one will look mostly like 2018 winter (heading into 2019).
$ETH: #Ethereum has a stronger pump than $BTC in December generally (in terms of %) the last few years. December sparks off a strong $ETHUSD run and I wouldn't be surprised to see this hit $800 in the next few months.
#Ethereum is also a leader in the #Altcoin market generally and $ETHBTC is also an important pair to watch. This one has been consolidating and you can argue it's been in the same range since 2018! This 1 also has strong gains in December (not as much as USD pair).
What does the total #crypto market cap look like? It looks pretty good IMO, higher today than any point since early 2018. I think that means that we should see some good gains in terms of ALT/USD pairs. These are good for macro views of the market IMO.
What are the #Altcoins that I expect to pump? As I've said many times before, I think that you should think about $ALTS in terms of groups or classes. These groups will typically pump together due to FA relationship or similar market cycles.
Some examples are: #IEO coins, #DeFi coins, majors ( $LTC $XRP $BCH), old ERC-20 coins ( $REP $GNT $ICX), new shiny coins ( $INJ $AXS), and many more. For the most part, I expect all of these to pump in both alt/usd and alt/btc pairs.
Which #altcoins should do best? I think that the newest coins will do the best.

-No old bag holders (resistance)
-New technology and new hype
-Price discovery easily attainable and not -90% price history
-Lots of new hype
I think that stuff like $DOT $INJ, many of the #DeFi coins, and new coins will do better than older coins like $ICX or $STRAT personally. $LINK should also do very well.
Ok, so I think that $ALTs are going to pump big in the coming months. What is the timeline on our altcoin pump? I think that we see a strong December/January, price to go down in Feb and then pump again in March/April, followed by Alt destruction after that.
This is a thread that highlights more of that timeline. Summers have been painful for $ALTS in 2018 and 2019 (2020 was an exception due to DeFi IMO).

https://t.co/HY5g8HFrW5
What are some reasons why this all might be wrong? If $BTC keeps going to all time high levels in the coming months I think that this entire thread will be wrong and ALT/BTC pairs will get smashed. This is entirely possible given the market structure IMO.
Furthermore, given the #DeFi summer, alts might need to cool longer and maybe March is when they start the run. Some of these coins might need longer accumulation periods.
Tl;dr: I think that #Altcoins are going to pump solidly in December. I am not sure if we are currently in altszn right now, I am waiting for $BTC to finish its current run. I am scaling into several that I like ( $LINK $YFI $AAVE $ETH $DOT) and I plan on swing trading these ones.
Always remember to: Take profits, keep your stop losses, never FOMO, always DYOR, never go all in. I am expecting a very nice end of 2020 for all of us. Good luck and stay safe!

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Let me indulge in a story...

Once upon a time there was a genius called Satoshi, this anonymous character laid down a block, it was called the Genius Block, but we we spell it wrong to this day.


Then along came your standard noob who believed in freedom, we know this because he went by the name NewLibertyStandard.

He created a site to buy and sell Bitcoins.

On his site, he priced Bitcoin on electricity.

The price went up, the price went down.


Then one day, he changed the pricing system.

BTC was no longer priced at the cost of mining.

He priced it by DEMAND and SUPPLY.

Geeks and legendary futurists, bought and sold the rarest commodity on the Internet for pennies.

Price teleported upwards.


Then came a Magic The Gathering gamer. He smashed together a shaky piece of software called Magic The Gathering Exchange.

It became the first widely used BTC exchange.

The whole world sent this kid money to buy BTC.

A new market had unlocked. Price teleported.


Let's fast forward 6 glorious years of price teleportation events.

Many of the story details remain unknown to me, though I see their impact on the blockchain.

But let me bring you to the year 2017 and save you lots of reading...
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Rachel "The Doc" Bitecofer \U0001f4c8\U0001f52d\U0001f34c
Rachel "The Doc" Bitec...
@RachelBitecofer
1. IMP ANNOUNCEMENT

I want to let you know when I made the decision to launch @StrikePac & directly get into electioneering I realized I wasn't going to continue issuing "race ratings" & "forecasts" each cycle- OBV that's a conflict of interest!

The hostility & sexism of

2. that world, I have to be honest, makes it very easy to walk away- the misogyny in the top tier of the election analysis community outside of @Center4Politics folks who are awesome & also more accurate than anyone else is intolerable. I'll still analyze politics, political

3. events, issue commentary, write articles, run the pod, go on TV, and generally succeed in ways that drive those men nuts but no, I won't be putting out ratings or "forecasts" anymore. Now, lots of people are asking me "what's going to happen in 2022?" The Midterm Effect, the

4. the long standing pattern of the president's party losing seats in the Midterm happens virtually every single cycle. I believe there are 2 recent exceptions: post-9/11 in the 2022 midterms and 1998 post-Lewinski gate. What I'm trying to do in building @StrikePac is completely

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XRPatience
XRPatience
@xrpartisan
1/22 Why XRP will beat Bitcoin.

(Video version @ https://t.co/VIHEoHLYpN)

A thread. 👇


2/22 Despite last night's major Bitcoin correction, it still sits at $33k, well above the last bull run's all time high. With XRP currently at $0.28, it may seem rather ridiculous to think XRP will ever become #1.


3/22 However, it's important to compare Bitcoin and XRP not in terms of price, but market cap. That's because there are 100 billion XRP (and will never be more) and 19 million circulating Bitcoin (21 million max). So comparing the price of individual tokens doesn't work.


4/22 XRP's market cap is $12.6 billion. Bitcoin's is $623 (roughly 50x more, 55x if you factor in the 2 million Bitcoin not yet mined). That's a huge lead, but not as big as the 119,000x lead if you compare token price!


5/22 Bitcoin's primary advantage is its early adoption. It caught on earlier and became the front runner of crypto. Don't underestimate the power of being first. It gives a massive advantage. But it doesn't GUARANTEE being the winner long-term.
CRYPTO
Emperor\U0001f451
Emperor👑
@EmperorBTC
How to Trade without Fear, Stress or Anxiety. 💯

Trading should bring wealth, happiness and peace.
Not stress and sleepless nights.

Here is how to trade without dying faster.

Please share to de-stress the world.

A Thread.

The reasons for feeling anxious and Stressed.

1. Too high Position Size.
2. No Exit Plan.
3. Almost no Entry strategy.

We will learn about them below and try to find a solution.

1. POSITION SIZE.
Position size should be equal to what you're willing to lose and not cry over.

Eg. If your position size is 10K, you should be able to lose 10K without it making you depressed.

It doesn't mean you throw away 10K as a random experiment.

If you're stressed? Reduce your Position size, Now!

But If I trade with such a small position size, it won't be much Profitable?

-Profits and wealth are built slowly, trade with small amounts, built your system, profits will accumulate.

Small Position size. Low Stress. Better life.

Remember, you don't need a lot to become big.

1% gain per day compounds to 3700% Return per year.

- If Stressed or anxious, reduce your position size.

Switch to smaller position which doesn't make you feel sleepless.
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Spencer Noon
Spencer Noon
@spencernoon
11 signs $ETH is going to blow past its all-time high 👇🏼

#1: Ethereum continues to dwarf the entire crypto space in terms of fees paid ($7.25m daily avg) -- proving it's the most useful network in the world.


#2: The number of large $ETH transactions (>$100k) is 7x smaller than during its 2018 ATHs -- a sign that whales and institutions still haven't entered the game.


#3: Hash Rate is at an all-time high (313.12 TH/s) -- a sign that miners have never been more confident.


#4: Ethereum has nearly 550k daily active addresses (90-day MA) -- a figure that has doubled YTD and now sits comfortably at ATHs too.
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Sri Devi Karumariamman mandir is in Thiruverkadu, a suburb of Chennai. It is said that God Muruga came here and obtained the 'Vel' (spear) from His mother, Goddess Karumari (an avatar of Parvathi) 1/n


to fight the demon Suran and hence this place was called as 'Vel kadu' and became as Verkadu. As per legend Devi Karumariamman once disguised as a soothsayer visited Bhagwan Surya, the Sun God, to predict His future. 2/n


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These setups I found from the following 4 accounts:

1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili

Share for the benefit of everyone.

Here are the setups from @Pathik_Trader Sir first.

1. Open Drive (Intraday Setup explained)


Bactesting results of Open Drive


2. Two Price Action setups to get good long side trade for intraday.

1. PDC Acts as Support
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Example of PDC/PDH Setup given
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