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CRYPTO MECHANIC

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Trading Crypto Since 2016 | ๐Ÿ† 4x Award winner X: @cryptomechanicX
2025 Blockchain 100 โ€” Trader
2025 Blockchain 100 โ€” Trader
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Creator Awards 2024
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Excellence Award (Trading)
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I have a group of smart traders Join us and be part of the community.๐Ÿ‘‡ Tap here ๐Ÿ‘‰๐Ÿป [CM Circle](https://app.binance.com/uni-qr/ETFKakYX) ๐Ÿ‘ˆ If youโ€™re serious about trading and want to be around like minded traders, youโ€™re welcome to join. ๐Ÿค
I have a group of smart traders

Join us and be part of the community.๐Ÿ‘‡

Tap here ๐Ÿ‘‰๐Ÿป CM Circle ๐Ÿ‘ˆ

If youโ€™re serious about trading and want to be around like minded traders, youโ€™re welcome to join. ๐Ÿค
Binance has now covered 90% of the stolen funds. A few key takeaways from the latest update: * $6.34B+ in company funds were set aside to cover the losses. * BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are now 100% backed. * Binance will absorb the financial impact, not its users. * The remaining 10% consists of less liquid tokens that may take longer to acquire. * Withdrawals are still on track to resume on November 1. Binance is also updating its Proof of Reserves, allowing users to independently verify the backing of their assets once the full proof is generated. The important thing here is that Binance isnโ€™t just making promises. Theyโ€™re showing measurable progress toward covering the losses. Number one crypto exchange for a reason ๐Ÿค
Binance has now covered 90% of the stolen funds.

A few key takeaways from the latest update:

* $6.34B+ in company funds were set aside to cover the losses.
* BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are now 100% backed.
* Binance will absorb the financial impact, not its users.
* The remaining 10% consists of less liquid tokens that may take longer to acquire.
* Withdrawals are still on track to resume on November 1.

Binance is also updating its Proof of Reserves, allowing users to independently verify the backing of their assets once the full proof is generated.

The important thing here is that Binance isnโ€™t just making promises. Theyโ€™re showing measurable progress toward covering the losses.

Number one crypto exchange for a reason ๐Ÿค
Cant believe Gold topped the very next day after I shared my analysis saying a top was near. ๐Ÿ˜ฌ
Cant believe Gold topped the very next day after I shared my analysis saying a top was near. ๐Ÿ˜ฌ
CRYPTO MECHANIC
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A Look at Goldโ€™s Past Cycles โ€” Is the Top Near?
Everyoneโ€™s talking gold right nowโ€ฆ so I decided to check how it performed in past bull cycles and found something really interesting.

Gold has never moved in a straight line forever. It moves in big waves. A long time going up, then many years doing nothing or going down. When we look at history, gold follows the same behavior again and again a strong bull run, then a long cooling period.
1st Major Bull Cycle (1970 โ€“ 1980)
Duration: ~10 years

The first big modern gold bull run started around 1970. This was when the U.S. removed the gold standard and money printing increased. Inflation fears were high and people were scared about the economy. Gold slowly turned into the safe asset. Over the next 10 years, gold made an insane move from around $35 to nearly $850 in 1980. That was a huge run. Everyone believed gold could only go higher.
But after that peak, gold didnโ€™t keep going up.
Gold Bear/sideways Market

It entered one of the longest painful periods in its history. From 1980 to 2001 almost 21 years gold either fell or moved sideways. People lost interest. Stocks became more attractive. Gold went from hero to forgotten.
2nd Bull Cycle (2001 โ€“ 2011)
Duration: ~10 years

Then another big cycle started around 2001. This bull run again lasted close to 10 years. It got stronger after the 2008 financial crisis when banks were collapsing and governments started printing money. Fear came back, and so did gold. Price went from around $250 to nearly $1900 by 2011. Just like before, people believed gold was the safest thing forever.
Gold Bear/sideways Market

History repeated. After 2011, gold entered another weak phase. From 2011 to around late 2015, price corrected hard and mostly moved sideways. It dropped near $1050 at the bottom. During this time gold became boring again and many investors shifted attention elsewhere.
The current cycle
This is where it gets interesting the current bullish cycle duration so far: 2026 โˆ’ 2015 = about 10โ€“11 years

Started around December 2015. That was the real bottom where gold stopped falling and slowly began trending up again. But the move was calm and steady in the early years. The big acceleration came after COVID in 2020, when money printing exploded, global uncertainty increased, wars started, currencies weakened, and central banks began buying gold aggressively. Thatโ€™s when gold shifted from a slow uptrend into a powerful bull phase.
So now letโ€™s talk about time because time matters a lot in cycles.
The first major bull cycle from 1970 to 1980 lasted around 10 years.
The second big bull cycle from 2001 to 2011 also lasted close to 10 years.
Now look at the current one. If we count from the real bottom in 2015, we are already about 10 years into this cycle.
That is very important.
Even though the explosive move started after COVID, the bull market itself began earlier. And historically, goldโ€™s big bull cycles tend to mature around this time length.
This does not mean gold must crash tomorrow. The last phase of a bull market is usually the fastest and most emotional. In 1980 gold went almost vertical before topping. In 2011 the final move was also aggressive before the long correction started.
Cycles often end like this: first a slow healthy uptrend, then a strong trend with pullbacks, and finally a fast, almost straight-up move driven by fear and FOMO. Right now gold is in that strong acceleration stage. Media coverage is rising. Central banks are buying. Retail investors are entering. Uncertainty is high. These are conditions often seen in the late stage of a bull cycle.
So based on historical duration, this cycle is no longer young. In fact, time wise it is already near the length where previous gold bull markets matured. That means the window for a late stage run could be happening this year or maybe next year rather than many years ahead.
Now comes the big question, am I saying this is the last leg of gold?
Not with 100% certainty. But looking at the duration of the cycle and how behavior changes near the end, it is very possible we are closer to the final stage than the beginning. Gold has already been trending up for years. Price is moving faster. News channels talk about gold daily. And the biggest signal? Even โ€œmango peopleโ€ who never followed markets are rushing to buy gold because they think it is the safest place.
That is usually how the final stage looks. Price goes vertical. Fear in the world is high. Everyone believes gold can never fall. But history shows this is often when smart money becomes careful, not excited.
Gold can still go higher. The trend is still strong. But cycles matter. And gold bull markets donโ€™t last forever.
After every big gold party, there has always been a long quiet or painful period.
With so much negative news and macro pressure, Bitcoin is holding up well. Is this relative strength or are we just lagging?
With so much negative news and macro pressure, Bitcoin is holding up well.

Is this relative strength or are we just lagging?
$SNDK continues to bleed. Read my last update on it and see how I discussed both the technicals and fundamentals. Technically, it was in a clean downtrend and had already broken its last daily low. I said there was nothing good to see unless it reclaimed at least $1,500. On the fundamental side, I also discussed the concerns around AI spending, rising memory prices, and whether the massive investments in AI will actually translate into sustainable earnings. Both sides were pointing toward caution.
$SNDK continues to bleed.

Read my last update on it and see how I discussed both the technicals and fundamentals.

Technically, it was in a clean downtrend and had already broken its last daily low. I said there was nothing good to see unless it reclaimed at least $1,500.

On the fundamental side, I also discussed the concerns around AI spending, rising memory prices, and whether the massive investments in AI will actually translate into sustainable earnings.

Both sides were pointing toward caution.
CRYPTO MECHANIC
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SNDK

I stopped paying attention to stock charts when crypto came back to life.

SNDK is in a clean downtrend and has broken the last daily low as well. As long as price doesn't reclaim $1,500, I don't see anything good on this chart.

I think AI stocks might take a lot longer to deliver the kind of moves we saw earlier this year. The hype is fading, memory prices are going up, and AI labs are spending far more than they earn.

Anthropic's reported $80.7B loss this week also made headlines, but most of it came from an accounting charge, not purely from operating losses.

AI isn't going anywhere, but that doesn't mean AI stocks will keep pumping at the same pace. I'd rather wait for better setups than chase the hype.

Technically, it should reclaim $1,500 atleast.
I've added some BTC to my long term position. I may start bidding more if the market offers better discounts. I'm positioning for months ahead, so I'm not too worried about getting the perfect entry. ๐Ÿค
I've added some BTC to my long term position.
I may start bidding more if the market offers better discounts.

I'm positioning for months ahead, so I'm not too worried about getting the perfect entry. ๐Ÿค
$BTC This is where you want to see some reaction on Bitcoin. Not sure how price will react with so much macro pressure (Stocks, commodities dumping) but technically, this is where you want to see some reaction. I shared this level 15 days ago and have talked about it in almost all of my higher timeframe updates.
$BTC
This is where you want to see some reaction on Bitcoin.
Not sure how price will react with so much macro pressure (Stocks, commodities dumping) but technically, this is where you want to see some reaction.

I shared this level 15 days ago and have talked about it in almost all of my higher timeframe updates.
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Above the $84K highs, or around that zone if the market continues to dip.
These are the only two setups I like for the bulls. Anything in between is just chop.

$BTC
GOLD breaking into new Low
GOLD breaking into new Low
If we compare crypto with the stock market right now, the reaction from crypto isnโ€™t actually that bad, considering how much negative news weโ€™ve had lately. Look at how the stock market is bleeding, the earnings weโ€™ve seen from Google, Intel, and others, and how AI stocks are selling off. On top of that, the worldโ€™s largest crypto exchange has been hacked. Considering all of this, crypto is actually holding up relatively well. I think the most important thing right now is to observe how the market handles all this negative news. Do we continue to see weakness, or does the market start showing strength despite everything thatโ€™s going on? At this point, this is far more important than buying the dip. If the market can show strength despite all these negative catalysts, buying that strength is a much better approach than blindly buying just because the price looks cheap. There will always be countless reasons to buy if the market starts showing strength when thereโ€™s so much going on in the world and across the crypto space. But for now, I think waiting for the right opportunity and observing how the market reacts is far better than rushing into a position.
If we compare crypto with the stock market right now, the reaction from crypto isnโ€™t actually that bad, considering how much negative news weโ€™ve had lately.

Look at how the stock market is bleeding, the earnings weโ€™ve seen from Google, Intel, and others, and how AI stocks are selling off.

On top of that, the worldโ€™s largest crypto exchange has been hacked.

Considering all of this, crypto is actually holding up relatively well.

I think the most important thing right now is to observe how the market handles all this negative news. Do we continue to see weakness, or does the market start showing strength despite everything thatโ€™s going on?

At this point, this is far more important than buying the dip.

If the market can show strength despite all these negative catalysts, buying that strength is a much better approach than blindly buying just because the price looks cheap.

There will always be countless reasons to buy if the market starts showing strength when thereโ€™s so much going on in the world and across the crypto space.

But for now, I think waiting for the right opportunity and observing how the market reacts is far better than rushing into a position.
Binance has faced much bigger challenges back in 2023 and still managed to bounce back stronger. A company of this size doesn't fall apart overnight. Don't underestimate its ability to handle difficult situations. ๐Ÿค
Binance has faced much bigger challenges back in 2023 and still managed to bounce back stronger.

A company of this size doesn't fall apart overnight. Don't underestimate its ability to handle difficult situations. ๐Ÿค
Did you survive the chop?
Did you survive the chop?
CRYPTO MECHANIC
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Choptober
* Bad earnings from Google, Intel and others * Binance wallet hacked * Oil prices ripping * AI stocks dipping hard * Polymarket hacked * Possible rate hike next month * Bond market meltdown * Tensions in Iran worsening The market is getting hit from every direction Is there anything else left to go wrong?
* Bad earnings from Google, Intel and others
* Binance wallet hacked
* Oil prices ripping
* AI stocks dipping hard
* Polymarket hacked
* Possible rate hike next month
* Bond market meltdown
* Tensions in Iran worsening

The market is getting hit from every direction
Is there anything else left to go wrong?
GOOGUS-0.86%
Binance wallet reportedly hacked, should you panic? Binance is not a small exchange. They have partners, investors, and the resources to handle situations like this. For context, Binance had around $165B in tracked reserves in CoinMarketCapโ€™s October report. Its tracked public reserve wallets also held over 623,000 BTC as of October 27. Around $2B in USDT and USDC has already been frozen. We saw a similar hack with Bybit, Bitget and they managed the situation. Binance is even bigger. There is no need to panic. Your funds could be safe, but your positions may not be as we dont know how the market will react (so far it is bad) Look around, understand what is happening, and think about what could happen next. Assess the situation before you get panic.
Binance wallet reportedly hacked, should you panic?

Binance is not a small exchange. They have partners, investors, and the resources to handle situations like this.

For context, Binance had around $165B in tracked reserves in CoinMarketCapโ€™s October report. Its tracked public reserve wallets also held over 623,000 BTC as of October 27.

Around $2B in USDT and USDC has already been frozen.

We saw a similar hack with Bybit, Bitget and they managed the situation. Binance is even bigger.

There is no need to panic. Your funds could be safe, but your positions may not be as we dont know how the market will react (so far it is bad)

Look around, understand what is happening, and think about what could happen next. Assess the situation before you get panic.
Bitcoin is holding the line that we discussed in my update. My thoughts on $BTC and $ETH watch if you missed ๐Ÿ‘‡
Bitcoin is holding the line that we discussed in my update.

My thoughts on $BTC and $ETH watch if you missed ๐Ÿ‘‡
CRYPTO MECHANIC
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Bitcoin Weekly Fakeout Still Intact, ETH Breaks Daily Support | Quick Update
$BTC Holding the line. ๐Ÿค
$BTC Holding the line. ๐Ÿค
I didnโ€™t share a single coin besides $HYPE this month, and itโ€™s the only coin that performed well. Thatโ€™s how you choose the right ones ๐Ÿค
I didnโ€™t share a single coin besides $HYPE this month, and itโ€™s the only coin that performed well.

Thatโ€™s how you choose the right ones ๐Ÿค
CRYPTO MECHANIC
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$HYPE Sitting at support with potential Daily SFP.

If itโ€™s going to bounce, this could be the spot.
$HYPE +20% move from the lows, Outperforming everything. Love to see it.
$HYPE +20% move from the lows, Outperforming everything.

Love to see it.
CRYPTO MECHANIC
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$HYPE Sitting at support with potential Daily SFP.

If itโ€™s going to bounce, this could be the spot.
The Blockchain 100 results are out, and we made it to the list of winners! ๐Ÿ†โค๏ธ I can't tell you how emotional I am right now. Not just because we won, but because of the amount of love and support you guys have shown me throughout this voting journey. Every vote, every post, every message, and every single effort you guys made for me means more than you can imagine. I honestly can't thank you enough for standing by my side and supporting me all the way through. I'll continue doing my best to add value to your trading journey. Thank you for everything. โค๏ธ CM loves you all! ๐Ÿซถ
The Blockchain 100 results are out, and we made it to the list of winners! ๐Ÿ†โค๏ธ

I can't tell you how emotional I am right now. Not just because we won, but because of the amount of love and support you guys have shown me throughout this voting journey.
Every vote, every post, every message, and every single effort you guys made for me means more than you can imagine.

I honestly can't thank you enough for standing by my side and supporting me all the way through.

I'll continue doing my best to add value to your trading journey.
Thank you for everything. โค๏ธ

CM loves you all! ๐Ÿซถ
Bitcoin Weekly Fakeout Still Intact, ETH Breaks Daily Support | Quick Update
Bitcoin Weekly Fakeout Still Intact, ETH Breaks Daily Support | Quick Update
$ETH No reclaim yet Still looks bad on lower timeframes.
$ETH No reclaim yet

Still looks bad on lower timeframes.
CRYPTO MECHANIC
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$ETH High Timeframe View
The weekly chart still looks fine as price is holding well above the $2000โ€“2100 zone.
But lower timeframes are starting to look meh after price broke below the lows.

Bulls need to quickly reclaim the $2380 zone to avoid a deeper pullback.
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