Rendoshi ๐ฝ๐ธ
@Rendoshi1
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Problem with waiting for $BTC to close below 50 wk SMA for 2 weeks in a row to confirm cycle over, as suggested by ppl like Ben Cowen, is alts will be decimated by then if that does happen. That's why reducing risk at earlier red flag signals was a better option.
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Although I am still mostly in stables, I think the market is overdue for a bounce. DCAing small bits into coins that look overly sold on the way down.
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He nailed every level on BTC, SOL and RENDER. He never called for a full bear market, he simply read the charts better than most. His view is that this cycle is not finished. I agree. It might take a bit more time, but the bigger move is still ahead๐ฅ
Itโs now 5 weeks since I went risk off and sold most my coins. I hope some of you were able to follow my calls and save yourself some $$ Will be posting more again when itโs time to go shopping for bargains โ๏ธ
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The good news is weโre almost definitely closer to the bottom than the top. Itโs not the time to be selling, but the time to plan for the next uptrend.
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I guess this time wasnโt different. Long live the 4 year cycle $BTC ๐
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I'm thinking this fast and hard dump is a good thing and plays into the mini bear thesis. The alternative would be a long drawn out bear market. This way we can reach high value sooner and move back into uptrend sooner. Sticking with my targets below.
It's starting to look like my mini bear thesis may be in play. The lower range targets would be: $BTC 74k $ETH $2100 $SOL $80 $RENDER $0.90 $SYRUP still looks bullish for now.
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Itโs now 5 weeks since I went risk off and sold most my coins. I hope some of you were able to follow my calls and save yourself some $$ Will be posting more again when itโs time to go shopping for bargains โ๏ธ
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$NVDA data center revenue growth actually accelerated. Insane.
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Added some $SOL at $130 as this was a key level I was waiting for. Good chance for at least a bounce to higher low from this level.
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The good thing is I went risk off very early on red flag signs a month ago, so don't need to panic sell anything now. I will just sit and wait patiently until any signs of real momentum reversal.
Problem with waiting for $BTC to close below 50 wk SMA for 2 weeks in a row to confirm cycle over, as suggested by ppl like Ben Cowen, is alts will be decimated by then if that does happen. That's why reducing risk at earlier red flag signals was a better option.
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$RENDER target 1 was $1.40, potential bear market bottom of $0.90
Should've stuck with my plan on $RENDER and waited for it to close above support. FOMO'd back in on the fake pump. Guess I'm human like the rest of you. Still think most likely situation is down to $1.40 support. Still remain mostly in stables and majors.
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$SOL $130 was first target, potential final bottom target around $80.
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Mini bear market idea $BTC to $74k by EOY, then bullish 2026
If $BTC closes below $103k, my next bid areas are $93k and $74k. After selling half my stack at $115k on the diagonal support retest, I bought back a tiny bit at $102k yesterday. Will remain patient on the rest. Still holding mostly stables and majors.
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