7th Meeting Crypto Notes

Bitcoin Analysis

• In early 2021, Bitcoin surged from $18,000 to $65,000, followed by a 50% drop to $28,000

• It then rebounded to $53,000, dropped to $42,000, and reached an all-time high of $69,000 before the bear market.

• Current patterns resemble the 2021 bull run, with an initial leg up already completed.

• Despite resistance at around $113,000, bullish indicators like the quantum reactor and bull strip suggest a potential bounce at the previous month's high of $95,200.

• Target peak is projected to be $124,000 - $127,000$

Bitcoin Dominance

• Bitcoin dominance peaked in May at 64.32% and has since shown signs of weakening.

• A large wick on the upside indicates increased resistance to further dominance.

• We expect altcoins to outperform Bitcoin as its dominance declines.

Trump's Tariffs

• US federal law restricts the imposition of unlimited tariffs.

• Trump's tariff actions are considered unlawful and unsustainable.

• It's theorized that Trump uses tariffs to create fear and negotiate better deals.

Altcoin Rally

• Experts suggest a segmented altcoin rally may emerge around June to July.

• Contrary to 2021, we do not expect a massive boom due to increased adoption by corporations and countries.

• A realistic explosion in value is anticipated to coordinate the cryptocurrency market.

Market Sentiment

• Crypto popularity is currently at bear market lows.

• The Bitcoin fear and greed index is at 55, indicating a neutral market.

• Neutral sentiment suggests the market is undecided, making it a less optimal time to buy.

• Massive fear is a good time to buy, while massive greed is a good time to sell or short.

Bitcoin Exchange Liquidation Map

• Over $2.5 billion in short liquidations are projected if Bitcoin reaches $115,000

• Only $2,000,000 in long liquidations exist.

• Market manipulators may push the price to liquidate shorts and then reverse the trend.

ONDO Chart Analysis

• Entry point based on the 12-hour Ondo chart showing oversold conditions and weakening bearish trend.

• Entry occurred at the volume point of control after hitting the FBG (Fibonacci Golden Ratio).

• A peak seeker indicated a potential bottom.

• Bearish momentum has significantly bottomed out.

• A small 100 margin was placed on this 3x leverage hold.

• If Ondo's price goes from $0.8324 to $16, the return is calculated as 19.22x

• With 3x leverage, the potential return is: 57.66x.

• This trade aims to potentially reach breakeven for the portfolio.

• Additional investment (dollar cost averaging) will be added if the price decreases.

Final Notes

• Altcoin season is expected around June to July.

• Trump's ability to impose tariffs is restricted.

• Better tools and skills are available for market analysis and decision-making.