🏆 Free Crypto & Economic Report Out Now!
📈 Price Rise Soon! TIA GANN SWING INDICATOR
🔐 Crypto Storage LEDGER
After I got burned “buying the altcoin dip” in 2018, I realized cryptos are ONLY for trading (not investing in long-term).
So, that formed my thesis on altcoins which has not changed since 2018; always sell out of all altcoins at the end of the bull cycle, never buy altcoins in a bitcoin bear market and wait for confirmation that the cycle has changed before buying altcoins again.
UP TO $48,755 FREE! Crypto Exchanges
🥇 ByBit Free $30,030 + 0% Maker Fees
🥈 Bitget Free $8,725 (US + Global Users No-KYC)
🥉 OKX Bonuses $10,000 (US + Global Users No-KYC)
🇦🇺 Swyftx, Best Australian Crypto Exchange
▶ My Official Socials ◀
YouTube
Instagram
Twitter
▶ My Must Have Crypto Resources ◀
Education – TIA PREMIUM MEMBERS, Trading Courses & Exclusive Community
Charting – TRADINGVIEW ($30 Off)
Storage – LEDGER
Tax – KOINLY (20% Off)
Trading – TIA GANN SWING INDICATOR
This video is for entertainment purposes only. It is not financial advice and is not an endorsement of any provider, product or service. All trading involves risk. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. #crypto #bitcoin #cryptonews
Welcome back to the channel I hope You're having a great day wherever you Are around this beautiful planet of ours Today's video we're looking at altcoins And the continued breakdown of these old Coins could it have been anticipated how To stay safe in the market and then what To look out for in 2023 in case you've Been caught up in the continued crash Make sure you like And subscribe to the Channel if you find Value from the Content and of course I'll remind you at The end of the video as well if you want To wait to see what sort of value you're Getting from the video so this has been Something that we've talked about Throughout the bull market in 2021 and In the bear Market of 2022. for the old Coins as a background if you're new in The space 2021 was the bull market it is the time To make money from all coins take it out Of the market take those profits put it Into something else maybe cash maybe Some Bitcoin just in case it keeps going Or maybe get a property if you happen to Get that lucky and make a whole lot of Money from the market but 2022 is Definitely not the time time to be Buying and holding and my position in For the entire 2022 has remained Unchanged I've not talked about ever Buying altcoins on the dips to hold for The long term and in this video I want
To show you exactly why that is the case This happens every single cycle and in Making these videos that I've been doing For several years now I hope that it at Least saves you some money and then you Learn from the mistakes and potentially Make the money I did this myself in 2018 So this was through the bear Market of 2018 potentially what you're thinking And experiencing now throughout the bear Market of 2022 it was the idea that we Could keep buying the dip and eventually We'll get a bull market or an old coin Season like we saw in the actual bull Market so we had multiple occasions like This throughout 2022 where the market Got quite excited that we saw a dip and They're expecting some sort of big rise To make a lot of money out of and so we Need to really understand the difference Between trading and investing trading is A short-term thing and short term can Mean weeks or even months investing Essentially means buying and holding not Looking at it not getting caught up in The news headlines or the emotions the New Cycles uh the market sentiment and Just holding this thing for 10 20 30 Years unfortunately all of Cryptocurrencies of course in my opinion Here they're not ready for that type of Investment there's nothing that has been Confirmed in this space to say that they Are ready to be held for that long I
Know this is probably contrary to what a Lot of people believe but of course That's my investing and trading thesis On the entire market and that's how I Remain safe in the market and continue To make profits from it so I I hope I Can help you remember what's happened in The past and then you use this into your Investing plans into the future I know That might be different for some people Saying well what about Bitcoin you know It's been around for 12 years that is True it's been around 12 years but this Is still a relatively new space and some Of these projects just won't make it so I think it's prudent that we remain Active in our investments even if it is Holding it for a potential Bitcoin cycle Of four years just remain active so that You're watching the market because Anytime could come during this next bear Market for Bitcoin and it just doesn't Reach that new all-time high or it Breaks significant lows nothing has been Proven just yet and that's why we do Experience such massive gains in all Coins because nothing is proven is Essentially just pumping up on big hopes And dreams of the marketers the people Who are coming up with these coins uh The people who are then promoting the Coins for more coins and then dumping it On their their followers so we just want To stay away from that through any of
The cycles and and stay away from Holding those altcoins longer term There's nothing wrong with buying them Or getting involved in them to make the Profits in the bull market but we Definitely have to get out of them in The bear market so we're going to look At what has happened in the past and see If this is the possibility for the Future as well and look at the timing of These particular Cycles this chart I Have here is the total cryptocurrency Market cap so this is the altcoin market Cap there's no Bitcoin in here there's No eth there is stable coins but of Course we can subtract those to give us A bit better understanding of of the Market itself this white line I have Here is the Bitcoin dominance and this Is part of our Tia indicators this is Basically the dominance without the Stable coins which is why it looks a Little different to the actual Bitcoin Dominance chart so it helps identify a Clearer Trend in the Bitcoin dominance Meaning is there more money flowing back Into Bitcoin rather than altcoins so the First thing we want to look at is the Time frames here so that it can Hopefully keep you safe to not keep Buying any of the dips especially in Things like Solana which we've seen a Lot of a lot of over the last few days With it continuing to drop currently at
8.50 this is definitely something that Was not a great investment over 2022 and Although the Bulls get quite excited at Some of these lows and then you see the Market pump up they're saying well you Were wrong you should have bought that Dip it's going to be great things this Is the end you've missed out the entire T of 2022 has basically proven that Incorrect it's been a really bad choice To be buying the dip all coins uh Falling knives you're going to keep Getting burnt and sliced up hands Throughout the bear Market remember we Do have a lot of time even once the bear Market bottom has been put in to Hopefully find that next 100x or 50 DX Altcoin you have a lot of time here so That's what I'm going to look at as well So that we can understand there does not Need to be any fomo with getting into Altcoins because essentially they just Keep going down and down and down and Some of them or most of them will never Go back to New all-time highs and so the Thought of buying these altcoins on dips In the bear Market in the hopes to get Another 100x in the next Market is Probably not going to happen it's Basically a fact that the majority of Them will not go back to New all-time Highs and to think that maybe you're one Coin or my one coin out of the 20 000 Cryptocurrencies that are out there at
The moment is going to be that one Specific coin that goes to the 100x Again it's not odds that I would like to Take one out of twenty thousand probably Not going to happen generally what Happens is it's going to be the old Coins that come out in the next cycle And think of what we're seeing now in The market as we close out 2022 leading Into early 2023 The narratives the narratives are Different to what they were in the Previous cycle the previous cycle heaps Going on in nfts metaverse gaming but What we're seeing right now with the Release of something like chat GPT and This could change by the time the next Bull market comes around what we're Seeing is a lot of hype going into Ai And so if this hype continues to stick Around into the next bull market cycle Which could be another two years away For the old coins it could be another Couple years away and if the H the AI Narrative sticks around in the tech Space then we could see coins that are Coming out with AI attached to them in Their marketing strategies and their Marketing plans they could be the ones That pump 100x or 200x because it's a New technology that people don't know About this is all speculation of course And that's what the whole entire game is About and we try and reduce that
Speculation by looking at Key support And resistance levels using our Gan Swing indicators that I've talked about Many times on the channel here yeah you Guys have been following for a couple of Years now would have seen me use a lot Of the Gan swings and so that indicator Is is right there as well if you do want To have a look at it it's in the top of The video description here Tia Gamestwing indicator and if you just Want to join us for our free report that Is also in the top of the video Description there we go through Bitcoin The real estate cycles and of course Cryptocurrency Cycles so looking at These time frames for Bear markets this Is a specific bear markets on alt coins We'll just remove the dominance here You can say from the peak of the Previous altcoin cycle back in 2018 to The bottom 11 bars so candles here 11 Months that's 11 months in a bear Market Just going straight down we've done more Than that now in all coins we're into Our 13th month our Peak was about November we'll have a look at that in a Sec but essentially this carries out all The way over into another high low which Essentially That's What markets tend to Do we've got 23 months into the high low Before the pandemic low that was 26 Months and then before the breakout of Someone's significant tops which
Happened in July of 2020 into August of 2020 30 and 31 months for that confirmed Macro breakout the retest 32 and 33 Months later before the next breakout 34 Months later so if we wanted to play it Safe from the previous Peak the previous Cycle showed us approximately 30 odd Months before a breakout of a key level Before that we had 23 months and 26 Months so around the two year period was The higher low the higher low is a very Strong signal for the upside Moving forward two and a half years of Course that's 30 months that starts to Bring on the breakout and then at around The three year mark So 35 36 months so Just short of the three years we've Really started to get that breakout so There's really no point in getting fomo To get into these altcoin markets Whatsoever there is a lot of time that We've seen in the previous cycle and I Know the next thing that comes up for a Lot of people is Well how do we know that that last cycle Is going to happen again and I'd ask you To go and look at say a NASDAQ cycle or Anything that has new technology in it Crypto is a new technology and when These things start out new projects There usually is a long bust cycle a Long potential accumulation cycle or Essentially a redistribution if the Projects never make it and they get the
Dump and then there is a very short Period of a boom cycle so looking at That time frame again if we take it from The first area here around July or August as a measure from the breakout of The key area that was the peak to the First Peak you've got 10 bars so 10 Candles here 10 months there was a very Hefty correction in May of 2021 into June and July that was very very Significant it doesn't look like much on The chart here but it did wreck a lot of People a lot of people got quite fearful Then we had that one last final boom Into the peak and that was around November 22 21 Lasting 16 months here so between that 10 and 16 months so if you wanted to use A rough number probably around that one Year period so we have about one year of The really fast gains measuring it from The low so that that first bottom here Of March using this significant bottom To the first Peak about 14 bars into the End about 20 bars so if you wanted to Play it safe and get out before the rest Of the the herd try to take that last Few dollars into the peak then somewhere Around that first year but remember There was still several months of that Next Peak so there's still more Opportunity in there but if you just Want to play it safe generally that part Of the cycle is about 12 months
This is something that I've experienced In over my my investing career of over 16 years in many different markets I Also have invested in mining towns in Australia which act very very similarly To all coins because it's the same Psychology it's the same investor Mindset it's the same thing that people Invest on fomo and greed and the fomo Essentially mining towns is exactly the Same as what happens in all coins people Are saying there's a new technology here It's going to go crazy this project is Going to do x y z or Zed and it's going To be the next greatest biggest thing And you get this huge boom and then a Bust and this is a really common cycle Amongst new technologies it's not new It's not exclusive to all coins it is Across the entire space and the same Thing like I said happens in mining Towns everyone rushes in there's not a Lot of Supply the prices boom up in Those towns and then eventually they Bust because their the mines may never Come through there's a lot of contract That are going at and only a few get Accepted by the government or whatso you Know the councils that are in those Spaces and then the re the building has To begin for the minds and that thing Takes a lot of time so we're seeing that In something like ethereum you know Things take a lot of time and there's
Only a few that will actually survive And so if we take a look at the Bitcoin Dominance of how these Seasons tend to Play out We can see from the chart that we are in A bit of a space here that it's time for Bitcoin to have it Shine again and so That just also goes into the the whole Timing of the altcoin season it's not to Rush in to altcoins not to try and buy The bottoms not to try and be a hero and Buy some of these these lows you can see Here that Solana is now starting to Creep up there are people trying to buy This dip up right now but there's still A lot of space to the downside we could Still see a lot of drops even though People are trying to buy this up here You can see it's just running up as I'm Filming right now they're getting a Really big pump eight bucks to ten bucks So that's why we need to separate the Investor and the trader this is Fantastic trading opportunity like you Can see live as I'm filming this right Now absolute fantastic trading Opportunities because the volatility is Extremely high there are a lot of people In these markets you can see that run up To 1050 now it's dumping to 10 10 bucks It's going to be high emotion times to The downside if we just take a step back And we just remember what type of of Trader investor we are to the downside
Here after any sort of short-term Fluctuations we may still see another 20 Odd percent in the old coin Market Overall coming back to some of these Significant areas of support and Resistance further down to the downside There could still be another 45 drop to This particular area here so there's Still a fair bit to go in this market From what I've seen in the previous Cycles and like you can see here it is Just getting absolutely thrown High and low up and down The other thing to note is the downsides You can see a lot of decline from Peaks And what this can then mean to the Investor themselves from the Peaks you Could lose 50 percent over and over and Over again by trying to buy up all of These dips some would say well that Would then equal 200 loss of course We're just looking here at the lows to The lows so this is the first Significant low here we'll throw in the Swing indicator here so we can see these Lows and then from the next low down is Another 45 so the first drop 48 the next Drop 45 If we keep going down from this low to Where we currently are I'd say there's Another 20 odd percent there so low to The next low there you go 10 and then if We stretch that out to the next support Level
Could be another 27 down to about Another 50 odd percent so you can keep Losing 50 on 50 on 50 trying to buy the Dip if you in fact do get the dip but Unfortunately a lot of people don't get The dip they end up buying the peak and So it's an absolute uh a much bigger Loss from that point in time So looking at Solana if you had been Following the channel you know this is One of those old coins that I have Talked very publicly about selling I Sold on the way up I only got 160 out of It but now it doesn't look so bad seeing As though it's at nine dollars it's Quite a difficult thing to do at the Time especially if you're out there in The public space to talk about selling An altcoin when everyone is so bullish On the altcoin going to new biggest and Greatest things you know I posted about This on YouTube I posted about it on my Socials which you can follow down here So I posted about this on Twitter and Instagram so make sure you follow those Don't get scammed out there by other Accounts trying to replicate my account Here these my only single official Accounts and I post about that time to Time also on the way down there was Significant breakdown areas which we Follow here on the channel using Specific guarantee a so Solana also had A very similar thing here we got
Significant drops 71 down 65 down from The low to the low like we know people Don't necessarily buy the exact low I Definitely don't but from those Peaks When everyone gets excited you know it Could be up to about 80 loss from that Top to the bottom and then again bottom To the next bottom another 57 if we want To go even lower there's another 69 from The bottom to the next bottom and if you Like I said if you've been following for A while these are specific support and Resistance zones which I've had on the Chart for a while just looking back at The chart to see where the specific Support zones were before and you can See the market is following these zones Very very closely and respecting them For a particular period of time if Solana happened to find an area here and We can use this across any other old Coin it would be a slow grind to Potential recovery again back into a Healthy recovery zone so these are Specific terms that I've got here based On the cycle here if it breaks down from These key levels which I've determined Using dance analysis just looking at you Know key breakdown points then these are Going to be much much harder for anyone Holding that particular coin like we can See there's a lot of people trying to Buy the dip on Solana I suspect this is Going to be a lot of hodler Tears this
Far down in the market if it goes Underneath these previous tops of you Know four or five dollars Almost can throw this down the drain Saying it's not an eth killer we've had These in the past we've had EOS we've Had ioda things that you've probably Never heard of from the 2017 cycle and We may get those again in the 2022 bear Market cycle you can see Solana is now Down nearly 97 and should we take it to The top of this level that's a 98 drop From the top although you can lose 70 Down 70 down another 70 down all the way Down trying to buy those dips so it is Very very important if you're going to Make it long-term as investor not to get Caught up in these hype cycles of trying To buy each of these dips because it can Turn out really really bad quite quickly On the way down and then there's nothing Left to go for the the upside here So 98 down on Solana from that top would Bring us out to about that five dollar Level but that's still not to say that It can't go any lower and like we said Earlier it may not even go back to New All-time highs it may not reach 250 or 60 odd dollars again it definitely will Not feel like that in the bear Market But during a bull cycle there will be a Lot of people talking for higher prices 200 300 500 and white must do that and All that sort of hype that we've seen in
The past we've seen the same sort of Thing with Litecoin it's gone on big Pumps it has a season and then that Season is usually over and it doesn't Reach that again this is similar to many Altcoins from a 2017 cycle you get a Huge big pump up they go through their Bear Market that takes many many years And then that next bull market all coin Season they just don't regain their All-time high they cannot hold it they May touch it for a few bucks but then Absolutely get dumped in that next bear Market cycle and so you're wasting a lot Of time and resources resources being Your money and your time Trying to hold or buy up the dips of old Altcoins because they just don't have Those hopes and dreams left in them to Pump up to those extra tops of the 100x Or the 200x it's been burnt out think About the people who were in that Previous cycle they don't want to know About this coin anymore they're either They've either left the market or They're looking for something new I definitely am looking for something New I don't want to be holding onto Something old think about it let me know In the comments down below do you want To hold old things or do you want to go Look for that new shiny thing that could Pump because there are new people into The space
Same sort of thing here for Iota Unfortunately this was one of the golden Childs of 2017 pumping up to six bucks Down to six cents and then this is the Old coin season or the bull market of 2021 It just was not able to regain anywhere Near that previous old all-time high Trading gains perfect remember we're Separating trading and investing Beautiful trading gains here but the Bear Market has been very very brutal And you can see over a macro time frame Lower highs on a macro time frame here And I dare say that it's working towards At 16 cents now lower lows as well this Is a incredibly bad sign for altcoins You do not want to be holding an altcoin That turns out like this lower highs on The macro time frame through two bull Market cycles and then potentially lower Lows as well this is very bad for your Portfolios and many of the old coins That were in 2021 bull market are Probably going to end up like this Because not everything can make it Cardano as well it did have a slightly Higher high basically just over a Doubling of the top hopefully this does Not turn into an Iota I know a lot of People who are betting on this but watch For these particular Ski significant tops and bottoms as well It is not good if it breaks back down
Into a previous accumulation Zone any Altcoin for that matter these were the Capitulation zones if you I know if You've been following the channel for a While let me know in the comments down Below if you remember seeing this chart That I've had for here for a very long Time capitulation Zone 17 cents previous Tops to 33. people were saying it's not Going to happen at these lows here at 70 Or 80 cents they said it again at around 40 cents and here we are now at 24 cents Looking likely we're going to break Further down and this might not even be The low at 17 cents and I dare say People will come back and say you said 17. no there's no 100 guarantees here We're just looking left on the chart and If there's no confirmation of the low Being in then I'm still not buying that Old coin I'm just watching zones to see How the market reacts to those prices We could overshoot go down to eight or Nine cents and then bounce back above That's not going to be a bad sign for Something like Ada but you definitely Don't want to see it grind out between 8 And 16 cents it's not a good look for Ada longer term and especially a very Bad look if it breaks under nine cents Into this Zone again Xrp it didn't have a very good Altcoin season during 2021 It is now on the decline again
Potentially breaking down that 28 or 29 Cents gets back under this Zone and Grinds out between the the old 10 cents And 25-ish sense not a good look either Because it has lower highs and Potentially lower lows it'd be working Back towards that nine or ten Cent level So keep an eye out for that I know xrp Is traded quite heavily hopefully not Invested in long term but as a trade This thing can be very very good because A lot of people look at it that's what You want for a good old coin to trade as Well The smaller stuff near well and truly on The way down getting absolutely crushed Could this be another Iota or EOS of 20 of the 2017 bull Market could it be one of those you Definitely would expect it to be if it Broke down these key significant levels Even though it could have fantastic Fundamentals Great Tech all that sort of Thing you definitely don't want to see Critical structures broken you Definitely want to wait for the Confirmation that this is going to get Brought up again similar to what has Happened with eth you can see the Critical structures getting brought up We're getting more dumping on the market As I'm talking to you live uh live on This recording and then for the key Structure here for eth breaking back
Above these highs up to you know nearly Five thousand dollars I dare say that This is going to come back down this is Probably not the end of the breakdown For ethereum here now sitting at around Twelve hundred dollars Um so you know I'd be waiting again for Bigger buying opportunities I'm still Looking for anything down to around that Sort of six or seven hundred dollar Level just before it broke out and went On an absolutely crazy tear to that First level of just short of four and a Half thousand and then finally to the Event four thousand eight hundred Dollars so this doesn't look like it is Really holding up uh that it wants to Hold this level and then break to Higher Ground because the rest of the market is Still falling it is holding up stronger Than majority of altcoins and Bitcoin at This stage but it might break uh later In the market just like it did in the Bull market it reached its peak after Bitcoin uh reached its second Peaks After Bitcoin and held up at those Levels after Bitcoin and potentially on The low it's going to fall below after Bitcoin as well so we'll keep an eye out For ethereum as well on the channel so That's it for the old coins here make Sure you do subscribe like the content Check out the links in the video Description for our free report and the
Gan swing indicator that we use a lot of Here to determine these macro areas of Support and resistance breakouts how to Trade in the market stay safe out there I'll see you guys at the next video Thanks for sticking with me throughout This bear Market I'm still going to be Here yeah this is the best game I think Out there in the investing and trading Space I'll see you guys at the next Video Until Then peace out
