CRYPTO MECHANIC

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New all time high on SPX and then there is…

What percentage of your portfolio is currently invested?

$BTC

Price holding $85k zone is clearly giving us an idea how important support it is.

If it doesn’t go down, it goes up?

Why is people are expecting another october 10 like crash?

Choptober

New all time high on NQ and then there is shameless BTC.

Current holdings update:

BTC — Reduced the size of the trade i bought around $83100’s and the original position remains unchanged.
ETH — Reduced the size a little bit
PUMP — Unchanged, up 56% from the entry
ENA — Started to slowly add back what I sold last week around $0.280
ZEC — Started to slowly add back what I sold above ~$1,500
Sol - Reduced the size a little bit.
TAO — Unchanged, up ~10% from the entry
SUI — Reduced the size

No new coins added.

Still the same portfolio as the last update, but the position sizes are either up or down depending on the market.

P.S. These are my Spot trades, and USDT is still my #1 position. That means I’m not in a rush to go all in and I’m fully ready for any discounts if the market gives us one.

$TAO
Nothing much to update on it, Nothing has happened.

At least the price is holding the zone that it should.

A lot of people might be confused like:

“If BTC goes below $82,800, but Crypto Mechanic is still saying it will be fine because $82,800 isn’t a structurally important zone… how does that make sense?”

There are two things you need to understand here.

Good technical analysis depends on how you look at the market and what your edge is, because every chart can have different edges.

As I’ve said before, $82,800 is not a structural level. It’s a breakout level.
And structural levels and breakout levels are two completely different things.

Bitcoin’s breakout level is around $82,800, while its structure is something different.

For example, when price makes higher highs and higher lows, those become structural points.
Right now, Bitcoin’s important structural higher low is around $75,000, while $82,800 is the breakout point.

Market trends depend on structure. They don’t depend on a breakout or a fakeout.

Yes, a breakout gives you a higher high, but when it comes to the overall trend, the higher lows are what matter more.

So these are two different things and two different edges:

Breakout point - $82,800
Structural point - ~$75,000

When you’re looking at the trend, you look at the structure.
When you’re looking at strength, you look at breakouts.
And when you’re looking at weakness, you look at fakeouts.

This is why BTC losing $82,800 doesn’t automatically mean the trend is broken.

It simply means the breakout is losing strength.

Know the difference.

$ENA
Sold almost the top that day, and the reason was simple: the supply unlock + price approaching a key resistance on the chart.

They’re unlocking 8% of the supply today. After that, they’re expected to stop the vesting period based on their recent updates.

If price can hold despite a big chunk of supply coming into the market, I wouldn’t be surprised to see ENA move back up.

$BTC

Not a bad weekly close. Price is holding that last swing high.

As long as price continues to hold above it, I think it looks fine.

It’s not a major zone structurally. It’s important mainly because when you see a breakout of an important high, you want to see the market hold that level and provide continuation.

So far, the market is holding it.

Lower timeframe:

$85k is the important lower timeframe zone. If bulls manage to hold above it, we can expect continuation higher.

Even better if price doesn’t revisit that zone again.

$ZEC
Tapped my first area of interest, so I grabbed some under $1300.
Willing to add more lower if the market gives.

PS: I am not playing it on leverage and as i always say there is no perfect price, so i buy in portions..!

20–30% pullbacks are generally good opportunities to add, as long as the high-timeframe trend remains intact.
Screenshot this.
Frame it.
Stick it somewhere.
Put it as your screen wallpaper.

Because you're going to need this, over and over

$PUMP +40% Already 🤝

That is a really good display of strength on $PUMP

Anyways, use this opportunity to slowly accumulate the coins you wanted to buy but missed.

A 20–30% discount on an altcoin isn't necessarily a bad thing if the higher-timeframe structure is still intact.

Wait for price to reach a good Daily/Weekly demand zone, then slowly DCA into it rather than trying to catch the exact bottom.

If you believe the coin still has upside over the next few weeks/months, these pullbacks can give you a much better entry.

Don't rush. Let the market come to you.

BTC just sneezed a little and alts got absolutely wrecked.

$BTC Another rejection from the highs, and BTC is now back inside the range.

Not a good sign, of course.

Bulls need to quickly reclaim $85K–$85.5K. Otherwise, this could move back toward the range lows and potentially even lower, considering the range lows have already been tapped multiple times.