Elias (@eliasvm) • Hey
A full-time trader with a background of musicianship, and skateboarding 📈😜🛹
Publications
- [THIS WEEK IN CRYPTO GOTHAM]
Gn fam!
This week promises increased volatility.
The most recent push to the upside has led to the resurgence of the “bottom was reached” narrative. Up-only mode.
★ F&G: 66 Greed.
★ D. Funds Flow: +$ 70M net.
★ Funding Rates: all positive.
Market overheated. Be safe & ready.
- [ BTC POSITION UPDATE ]
Gm fam.
It's been a while already and it is time for an update.
Since our last post the level 62515 was already engaged and Liquidity is forming below it.
The only level I'm aiming for right now is the H4 OB formed in between $ 57.9k - $ 57.1k
I sincerely believe this is it.
Avg. Entry: $ 63k
- It's not much mom... but it's honest work 👨🏼🌾
- Right on cue! Great timing!
Thank you very much @lens/phaver fam 🤝
- 62515.00
- g[DYOR]m fam
- HELLO WORLD!
So this is my first post across the entirety of the Web3 Realms: Phaver + Lens + Warpcast.
Powered by @lens/phaver
- FULL DISCLOSURE (as usual)
I'm longing at $ 60k - $ 58.6k range (50-61.8 Fib.)
- A LITTLE FAITH NEVER HURTS
Gm fam! So, our zone 1 was respected beautifully, also, the break of structure worked wonders, and now the Price Action followed the plan flawlessly 🥲 damn! I should price my services 😆
Now, what we expect to see is a little correction (further accumulation) that allows us to gather enough liquidity to climb all the way back to $ 64k-$ 65k range, and then... moon?
...whatever it'll be, we'll be there, positioning ourselves on the bright side of the market 🤝
- Mirrored post.
- AIRDROP (another one)
I don't know if many of you are aware of it, yet you still have a few days left to farm the most out of it.
In this case the platform is ZEROLEND with the drop of $ZERO token.
It is available in Mainnet, Linea, Blast, Manta, ZkSync, and X Layer (new OKX ZkEVM L2) - so you may as well provide liquidity in tokens such as Blast and farm a few points or ZkSync and gather add tx and contracts.
Also, additional points if you're a $PYTH/$CAKE/$MANTA staker (gotta claim the role tho') and/or $MAHAX holder (big boost here, but gotta lovk in some funds) - additional points if you Supply LRTs in Mainnet.
Mind to use my ref link, and good luck 🙏
https://airdrop.zerolend.xyz/
- BREAK OF STRUCTURE
What's next? 🤔📈 or 📉 ?
Chart: BTCUSDT (Bitcoin-TetherUSD)
Timeframe: m15
- FIRST ZONE ENGAGED
That's the post.
- DOES YOUR TRADING GURU EVER POST LOSSES?
Even the "greatest" out there have sometimes caught up with cheating: Photoshopped gains, hacked metatrader results...
Unreal gains + a course for sale.
Traders lose. Traders win.
Is the risk management what makes it profitable in the long run.
BTC USDT position ~50% against.
FULL DISCLOSURE is something I believe in, and will do consistently. These are our Web3 values.
Better be truthful, than living out of lies and yielding the community out.
- REKT?
We all are witnessing a massive dump, a HUGE one, and now I have two theories:
1) Of course they need to kill all the upside before a move higher, so the extreme fear model is just in place.
Possible supports or new ranges:
First Range: $ 57.7k-$ 56.2k
Second Range: $ 53.2k - $ 50.3k
Third Range: $ 47k - $ 45.2k
Fourth Possible Range: $ 43.5k - $ 38k
It is necessary to say that neither of these scenarios are confirmed. These ranges are zones and levels in which the price has reacted before, but as you already know, past price action does not guarantee future price action.
2) My second theory, call it a conspiracy theory, is that through dumping and constant sell pressure, trad.fi is trying to push the prices to an unfeasible range, where there is no business for miners, and makes their operational costs unaffordable.
They could do this now that they've bought as much as there is to buy (many times the daily supply) and now are ready to dump it consistently until miners are forced to turn off equipment. This would ensure the fall of the blockchain and the values we thrive for. Sadly, Bitcoiners are more interested in inscribing data within sats to sell them for many millions of sats worth of $BTC.
Anyway... we will always have Monero, and Bitcoin Cash.
As usual, full disclosure, I still hold my (now horribly bleeding) Long position.
Average Entry: $ 64k
Am I scared? Nah - Through Risk Management and proper Position Sizing, my Max Pain price is below $ 50k and I don't really believe we'll get there. If so, even though I'd be out of the position, I'd also be ready to deploy a few more positions there, both Spot and Leveraged.
That's all for today! Learn to position-size your entries, and be safe!
- LAYER 3 XYZ CONFIRMED AIRDROP
...and guess what fam?
WE ARE IN!!
Today I've (finally) reached past the 100 CUBE mark and to my (expected) surprise this image appeared confirming we are in the whitelist now!
Have you minted your CUBE already?
Would you like to be my referral? You may do so here:
https://app.layer3.xyz/?ref=0x3588009adf58Eb7F0953d2B5707254034cC0b96e
Something called my attention tho: the legend below that states: “Every CUBE counts” so I wonder, is there gonna be a Tiered system according to how many CUBE you've minted above the 100 mark?
If so, we still have a road ahead. 11 days! Let's go!!!
- Happy International Dance Day 🩰🪩
May your feet keep on dancing to the rhythm of your heart ❤️
Happy day @lens/liark & every dancer in Lens 🫶
- UPDATED CHART... or not?
Gm/Gn fam. Hope you all are having a fantastic weekend 💞
I hadn't updated my chart and positions ever since a few days now, so it is about time now.
As you may see from above, every single important zone marked in the chart has had an interesting reaction 🤔 this responds to the idea that it is institutions who are dictating the PA right now. Cool.
We have used a Linear Function/Curve to position ourselves, averaging a partial position in every zone, so right now our Entry Price has been averaged at $ 64k with a liquidation price well below $ 50k.
Right now we are not looking for any additional position in this area, and really hope for a leg up. This position was meant to be held for a few months, so... Let's go!
- Cryptotelugu has one of the most prominent Alpha channels in X/Twitter and YouTube with content in three languages!!
He recently got his main acc hacked, and now is holding a giveaway despite his loss.
If you don't follow him yet, make sure you do, and don't forget to join the giveaway.
- Trading?
"The hardest way to make easy money"
That's way too oversimplied for an explanation.
There's a thing or two you'll have to learn first tho'.
Many hints on the chart.
Gm fam.
The hunting (a.k.a. no-sleep) season has begun.
https://www.tradingview.com/x/m9TgcACO
- Sun, Apr.21st
16:16 PM
WE ARE IN.
Let's go.
- BITCOIN (H4)
“Fortune smiles on those who wait.”
Zones & Levels are in the chart.
Miner models in play.
Yesterday we had the 4th halving, and yikes! We're still here!
What does a diminished reward mean for miners? Every under collateralized/over leveraged mining project with lack of balanced cash/debt ratio will probably get Chpt11'd.
However, that's not the only thing going around (yet is the most obvious one tho') - also, miners from now on will get more dependent on fees rather than block mining rewards.
Protocols like ordinals, BRC20 and Runes (despite consuming unrecoverable block space to store useless monkey pictures and trade a few sats worth of data for millions of sats worth of Bitcoin - sigh) will help with the sustainability of some probably unsustainable mining factories by increasing the demand in the chain leading to increased fees.
Definitely this new stage will bring new challenges, and God may allow, we will be here too.
In the meantime...
Zones & Levels are in the chart. Let's wait for the models to play out. Be safe fam.
- PSA ⚠️
Unfortunatly the Twitter/X Accounts of Bonsai and MadFi have been compromised. We are trying to regain access to it and investigate on what exactly happened.
Do NOT 🚫 click the link on those Tweets!
- BITCOIN
4th HALVING
Apr. 2024
We're still here.
- T-2
- Alright! The first +100 token airdrop of this year 🥹 (oops! Forgot to mention $JUP & $WEN)
Let's go!
Check your allocation at: claim.availproject.org/
- $BITCOIN
4th Halving
Less than 100 blocks to go.
ETA ~12hrs
We're at the verge of another epic milestone (now with Epic sats & upcoming runes!)
...are you ready anon?
- BITCOIN HALVING...
...is 18 hours away.
$NOT coin is prob 24 hours after that.
The next TON ecosystem airdrop is $KITTY from the "Catizen" Telegram game.
Mechanics are simple:
Get the highest freaking cat you may acquire through "buying" them (they passively drop $vKITTY in a per-second ratio) and combine them to get higher-tier cats.
I've managed to get ~7k $NOT (airdrop claimable on Apr. 20th) and I'm planning to farm a lot more of $KITTY.
Come join me in: https://t.me/catizenbot/gameapp?startapp=r_752_2414213
https://t.me/catizenbot/gameapp?startapp=r_752_2414213
- Clever 😆🤦♂️
- Let's trade 😌📈
- TRADING (bad) HABITS
• At the beginning of the trial: Hopium
This phase had aggressive pitfalls and equal rises, due to the excessive risk, greed and an (unintentional, sincere) miss-informed optimism.
The results: Over risk and one single SL streak (3 days) put us in a difficult situation.
• In the pits: Frustration
After the initial downturn you see a first small rise: led by fear, a valid setup but risking a small amount of money, led to confidence (I got this!) and over leveraging (again! "Let's recover the account fast!") and started to bounce from a strategy to another. The result was an almost mortal downfall.
• Downbad: Make it or Break it
After been a bit beyond a -6% in the funding trial I've realized two things:
1) My inner self still wanted to "make it or break it" meaning over leveraging to recover the losses in one or two trades... even knowing that if in the case the odds weren't favorable to us, it lead to a disqualification.
2) I could actually DECIDE to be better than that. I could avoid repeating the same mistakes I'd taken to get us here. So I took a few measures:
a) I started to share every setup publicly in Phaver "Forex" and "Crypto Community" communities. It is easier to be serious when someone else knows about it. It also hold us accountable for our decisions.
b) I switched my mindset from "Recovery Mode" to a long term bias. This also affected my chosen time frames when trading.
c) I lowered the risk drastically and tried to be happy with smaller ("insignificant" I felt at first!) profits.
The results were staggering! Trading with patience, accepting the results no matter what, facing the challenge of seeing a position coming all the way back without taking emotional decisions, developing adherence to the plan, cohesion between my daily life and my daily trading...
Outstanding!
Everything fell in place and today we managed to recover from an initial -6% drawdown with -6.6% of growth in 3 weeks!
Of course it is a win, but only the first one. We are still in the race for profitability, but now, we do know how to do it.
Right now it is a new phase and a new challenge, because hopium is easily back, so we need to keep in track. I want to thank you all for being here. Let's do this!
- Snapshot complete!
Were you whitelisted? Post your screenshot.
- Une belle matinée 🌅
- Une belle matinée 🌅
- Perfection and well-being is embracing imperfections, and enjoying breathing while you do.
Gm
w/@lens/liark
- Ok so you buy the dip in a centralized exchange...
Then such institution lets you know withdrawals are suspended due to "high withdrawal volumes" - wow!
...I don't know about you, but def this is a red flag.
Self-custody+DeFi+Hardware Wallet
The winning combo.
Be safe everyone.
- The best freaking moment of life is exactly this one, precisely, accurately and concisely RIGHT NOW.
The only time will ever be.
Gn fam.
- My sincere kudos to all the teams that make @club/lens great every single day.
Let's go!
- WAR DRUMS, UPCOMING HALVING, & PA
Gm fam. So we've seen tensions escalate wildly in the last hours which caused a massive decrease in the valuation of riskier assets (not only $BTC) - We managed to sneak in a super-over-leveraged Futures Long position in Binance that went up pretty well ❤️🩹 profited nicely.
But for the prop firm challenge account we haven't taken any position yet, even though there might've been two possible (yet riskier) entries.
In the mean time we want to see a structure break to the upside before we want to position ourselves Long.
Again, patience will be key and we'll just hold till the right time, like Gibson's William Wallace did 😆
In the graph you may see our SL from yesterday's position and current PA.
I'll keep y'all briefed. Stay safe fam. Over n' out.
- ...and misserably fails 🤣
..now this huge move to the downside really reassembles March 2020.
Let's see if we manage to build a nice floor here.
- Now including weed to watch it again and enjoy in the same way 😂
- PA MODEL IN PLACE.
Limits orders ready to fly. Let's go!!
- CRYPTO MARKET CAP
Almost $ 300M out of the market in the last few hours.
Almost every coin bleeding double digits (%)
... don't even talk about liquidations!
Fear and Greed index fall below 70 for the first time in months
I don't know about you, but I'm starting to DCA again. It is time (for me, you DYOR)
- FRIDAY NIGHT: THE DUMP
So we have witnessed a very big movement to the downside just one week before the halving. This reminds me very much of the dump that occurred in March 2020, a few months before the halving.
Right now the adoption is unavoidable, and the $ 100k and beyond model is in place. This gigantic move down was needed to relieve the system and gather enough liquidity to make the great leap up.
In this graph you may see:
1) I already bought but closed just in time to secure profits, because we saw no momentum.
2) The gray line is the first level we want to see broken upward.
3) The black line which may be considered as the first official change of structure.
After breaking this black line we should then (and only then) search for a position there.
IMPORTANT: This model will only play out if the liquidity grabbed here was enough to bring us up to a higher high.
If not, then prob we gonna stay in a lateral phase of consolidation and accumulation before moving up.
Patience is key.
- Are you ready anon?
- I hope your week has been as lovely as this wonderful work.
- Yes.
Yes, but less.
Yes. Yes
Neither.
Good question.
- Yes.
Yes, but less.
Yes. Yes
Neither.
Good question.
- Honestly i was thinking about that the other day. First thing that came to my mind was like; okay now that u have all that money wat should i even do with it? 🤣
It’s like at the end of the day we don’t need to be filthy rich. And plus as human being we will always want more.
I would continue to say Gm ofc.
No I’m jokin I’ll disappear to the Bahamas and you’ll never hear about me again
- If we were to (finally) go to the moon tonight......would you be rich tomorrow morning?
If you were rich tomorrow morning, would you still ahow up to say "Gm" and hustle with the community? Would you show off your PnL's?
Would you be grateful? Would you be humble?
Will richness change you? Or will it deepen your truly self?
Who are you anon?