CRYPTO MECHANIC

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You will never have 100% trust or confidence in trading.

You don’t know what will happen next. Nobody does.

What you need is discipline and conviction.
Discipline to stick to one process long enough to master it.
And once you master your process, conviction comes naturally.

You stop trying to predict every move and start focusing on executing your process.

You will still don’t know what happens next.
But you will know what you need to do.

$ETH showing good strength compared to the rest of the market.

Choppy september so far as expected.

We have excited bulls
We have excited bears and they will get even more excited if the market prints a few more red candles.

Your only job is not to be one of them, trade when there is a good trade setup, like i said before V shape recoveries are least likely, i have never seen these before.
The market isn’t going anywhere, it takes time.

CRYPTO MECHANIC

Being patient enough to catch a big move is often the least exciting part of trading and probably the part very few people have the patience to stick with.

For me, the edge is knowing when it’s time to play aggressively.

Until then, I’m comfortable taking singles, scratches, controlled wins and losses, while keeping the number of trades relatively small.

I don’t need to force a trade just because the market is moving.

Unless I start seeing clear high-timeframe continuation, I’ll likely keep doing the same.

Personally, I think a V-shaped reversal straight to new highs is the less likely scenario. I’ve spent 10 years in this market, and I’ve never really seen that happen. The market would need time, patience and real continuation to make that happen.

Can this time be different? Yeah, sure.

Heading into September, I’m leaning more toward a choppy month.

Bulls will be too excited looking at August’s candle and expecting the market to continue higher. Then a few red candles come in and we’ll have the bears getting excited about a new low in Q4.

There will be opportunities on both sides. That’s the least I’m expecting from September.

BTC-2.07%

$ZEC is now up over 50%
All you needed was just one line for your Bullish bias and press the buy botton.

CRYPTO MECHANIC

This is the kind of chart that is worth your attention.
An all-time-high breakout.
You only need one line for your bias.
As long as price holds above that level, you expect the trend to continue higher.
Use lower timeframe for your entry triggers.

Could be:
A pullback
A sharp dip liquidating late buyers
A lower timeframe consolidation breakout
A lower timeframe sweep

There are multiple ways to trade a bullish chart.
You just need to plan it the right way.

A new memecoin is coming out today, and you know what to do:

* Do not chase.
* There will be 100s of snipers ready to scoop up supply the moment it launches. They are too fast, and there is no way you can beat them.
* Celebrity/politician memecoins are designed to extract money from your pockets, just like we saw with Trump coin.

Stay safe. Don’t chase the hype. It’s a money trap.

Many of you are asking me about my thoughts on $DASH .

I don’t own any and I don’t want to.

Dash is going up because $ZEC made a move. Both are in the same category: “Privacy.”

But Zec is leading the move. It has stronger momentum and is the asset driving attention toward the privacy narrative.

When the leader moves, the rest of the sector usually follows.

So I’d rather own Zcash than chase the followers.

DASH-13.59%

Pls do something $ETH

I missed this pump so let me short it.

You should Come out of this mindset…!

For Solana the beneficiary is pumpfun because the platform is used to launch memecoins and they also put a portion of revenue back into its token $PUMP

CRYPTO MECHANIC

When people are rushing into trading memecoins but you don’t want to do it, yet you still want to take advantage of the trend, you start asking different questions.

Okay, everyone is going to chase memes.
Who are going to be the beneficiaries?

If it’s happening on Solana, $SOL is going to be a beneficiary.
If it’s happening on BNB Chain, $BNB is going to be a beneficiary.
If it’s happening on Ethereum, $ETH is going to be a beneficiary.

And then you go one step deeper.
What is being used underneath these chains?
Which launchpad is being used?
Which DEX are people trading on?
Which wallets are people using?
Where is the liquidity coming from?

Which infrastructure is benefiting from all this activity?
And most importantly:
Where are the fees going?
If a platform is generating huge volume because everyone is trading memes, is that activity actually translating into revenue?
And what happens to that revenue?
Are they buying back the token?
Burning tokens?
Distributing it?
Or is the token not capturing any of the value at all?

This is how I look at narratives.
You don’t always have to buy the thing everyone is chasing.
Sometimes you just need to ask:
“If everyone is going there, who is making money from everyone going there?”

Follow the activity.
Follow the users.
Follow the fees.

And then look at where the value is actually accruing.

SOL-3.99%

PUMP-19.44%

$ASTER
Every recent rejection from this zone has led to continuation to the downside, but this time price is holding around it.
This time could be different.?

If price manages to hold above $0.82, I think this could move higher.
The ideal scenario would be a strong volume push through the zone.

ASTER-5.37%

$ETH
Weekly market structure break.
This is where things get even clearer.
This is where buying the dips becomes more rewarding.

Crypto follows high timeframe structure so well, and I’ve said this countless times.

As long as the high timeframe structure remains bullish, I think dips will continue to be an opportunity to load ETH.

Personally i will keep building a position slowly as the market gives me discount, i already have some in my bag.

I wouldn’t be surprised if ETH eventually reaches $4,000.
It could take a lot of time, but as long as the high timeframe structure remains bullish, this seems likely.

I already have some ETH and i will keep building a position slowly as the market give me discounts, Not in a rush.

CRYPTO MECHANIC

$ETH
$2,000–$2,200 has had a significant impact on ETH’s price for years.
Every time price broke below this zone, it gave a clean move down.
Every time price reclaimed it, it gave a clean move up.

Now that price is above this zone once again, I think the invalidation is quite clean: as long as ETH holds $2,000–$2,200, the chart looks good, and for now, we can assume it’ll going up.

Below $2k we will be back to hating Ethereum.

Verified

$BTC
Price is still trading around the last swing high.

US CPI data is due this Friday, and this will be one of the key things to watch as it could heavily influence whether the FED hikes rates in September.

Last week's jobs data was strong enough to give the FED more room for a hike. If inflation data also favours the FED, we could likely see a rate hike in September.

The rest of September could be highly volatile in my opinion.

As we enter Q4, there is a lot of money sitting on the sidelines waiting to buy BTC because of the expectation that BTC usually bottoms around this period.
Any move down could get these buyers excited.

The more sell volume Bitcoin absorbs below $80K, the more likely it becomes that it eventually blasts through $80K.
The repeated selling without a meaningful breakdown is something to observe here.

BTC-2.07%

When $ZEC was launched in 2016, I was watching it.

The peak it reached was 3,000 BTC.

Yes, you read that right. 3,000 BTC, not dollars. 😀

Back then, we were trading alts against BTC, not USD.

And there were only a few ZEC available to trade because of the slow start mining.

BTC-2.07%

If you're short $ZEC you're probably the reason it keeps going up.

And this is exactly how i got into $ARB trade early and caught over a 50% move.

Read it because there is a lot to learn "Only if you pay attention"

CRYPTO MECHANIC

$ZEC is now over $1100 and i am not surprised.

CRYPTO MECHANIC

New high on $ZEC and i am not surprised.

$ETH weekly chart looks so ready to move.