In this video, I share with you my short and mid term price predictions and share exactly what to do in both situations.
Good evening! Good morning! Good afternoon! My name is Jeff ‘0percent credit crypto’ Sekinger and in today’s video I’m going to go over something incredibly important which is what I believe is going to happen to the market in the short and midterms so and I’m going to share with you exactly what I’m doing so first of all I will kick things off instead of wasting your time if you could before this let me know where you’re from always like to know where everyone is from.
So whatever city you are tuning in from please let me know in the comments section below and let’s go ahead and jump in so first of all I think that the market is likely to take a little dip and I’ll share with you why for multiple reasons number one this is what I always look for is like we will have a lot of appreciation or I should say even a lot of you know volatility in either direction and I always like to look at the volume so like this is something these are just different indicators down here honestly.
We don’t even need to be looking at the hash ribbons anymore I actually don’t even think I shot a video on that but what I do like I like to look at okay price is going up right we see volume spiking then we see volume declining and then what that usually means is when you see a price appreciation then you kind of see it you see the higher highs getting less and less of a percentage gain from the previous highs and you start to see this rounding effect and then you create a head and shoulders pattern and then you head lower because and while that’s while this is playing out.
You’ll see volume decreasing that usually means that price is going to head lower and that’s actually what we’re seeing right now if you look at where we’re at we’ve seen volume dropping since we came all the way down to just under 30k on that ridiculous sell-off.
We saw volume come all the way down you see how it keeps slanting and then even when price has been going up the volume has still been on a downtrend overall and now we’re starting to see this curve over the top and it’s looking like a head and shoulders pattern and actually there’s actually a diamond forming which is really just a reversal of a trend if we drew it in here.
I’m too lazy to do that right now but if you look on the four hour you’ll see like a diamond pattern in here where you can you would draw let’s see it’s actually I think it’s on the one day and I also want to show you one thing too on the one day here this market cipher signal so this market cipher puts a lot of signals together to a lot of different indicators to create its signal.
I should say and what a good great time to short is when you have a diamond and an x so you have a diamond and then an x that’s historically been a great time to short diamond an x diamond an x diamond an x here were diamonds but there was no x x just means like short right so if we see a diamond and an x on the daily that has historically been a really good time to to short and we did just see that indicator play out like literally a day ago so that’s something I look for as well just market cipher in general.
You can see the red dots and the waves starting to come down as well the momentum waves kind of creating this u-shape just like we’re seeing with the price and the volumes declining another thing that I’m looking at is also open interest is up so if that just means that like there’s more leverage coming into the market so when open interest is up and you combined it with all the other indicators that are likely showing that price is going to be moving one way or the other that usually means there’s going to be an explosive move.
So when open interest is up and you start to see other indicators pointing to one direction you’re likely to have a lot of leverage pushing the price into that direction another thing we’re seeing is that greed is pretty high so this is the fear in greed index on crypto and when it’s high you guys know Warren Buffett.
I’m sure you guys got to be fearful when others are greedy and greedy when others are fearful so everyone else is greedy it’s likely you know a good time to be a little bit fearful so that’s something I’m also looking at and something that’s even more statistically significant is the months so it’s cool to look at the history of bitcoin and see what it’s done and the reason why we analyze bitcoin guys is because bitcoin determines everything else.
Let’s actually see if my leverage trade just executed no it’s still conditional so I’m gonna go over go over that here in a second but another thing is okay let’s see what bitcoin has done in September right so in September it’s actually one of the worst months if not the worst month to ever you know to ever be long bitcoin if you look at September here we’ve had pretty much all red months the highest return we’ve had in September is six percent.
So on average we are we usually head a lot lower in September so and literally today is august 31st so we’re about to head into September and yeah so pretty much all those things and quite a few other things honestly as far as like funding goes and things on that I’ve been looking at on glass node are also pointing to to likely price heading a little bit lower so what does that actually mean I do believe that price is heading.
I don’t think it’s the end of the bull market okay if you guys know anything about what I’ve been saying ever right when we had this big drop literally on the the second or third day I was like hey we’re about to likely consolidate into a zone and have a u-shaped recovery and that’s literally exactly what’s playing out just similar to13 2013 where we had but that was a six it was like a six and a half month u-shaped recovery.
This year it was only two and a half months so honestly a correction is pretty normal right now we’re pretty much due for it I think we’ve had so what we just okay only two monthly candles but let’s look on the weekly I think it was like quite a few so yeah we had five and then the last week was just the first start of the first red candle so we honestly do for a nice a decent little correction where I do think we are likely to head is right between the previous support and resistance which let’s just take this indicator off here because it’s quite annoying is right between like 42,500 and 43,800.
So like for me I’ll share exactly what I’m doing right now with some of my positions also this is if you look if you know anything about indicators and technical analysis the 200-day moving average is very significant we saw that play as support and I do think if we break below this we’ve we’ve definitely got to move down so what I’m doing right now is I set a and by the way if you guys don’t trade if you guys are in crypto the VA almost everyone on this listing this video should probably not even trade because it is so volatile.
It’s so driven by retail which means there’s a lot of emotion in it and it also means that a lot of things just sometimes just don’t make sense at all so even if you’re a decent trader it’s it’s difficult there’s so much volatility in the market which presents opportunity also makes it difficult and you just don’t have like if you’re just an investor just stick to investing investing is compounding money in the market trading is pulling money from the market.
You don’t have to pull money from the market like just be a longer term investor and just buy the dips like it’s just dollar cost average the dips when you have a decent amount of money in crypto and you want to hedge against some of your position there’s a few things right so if you believe that the price is going down what could you do you could there’s like really three things.
Three main things you can do okay you can set by limit orders so you’re just dollar cost averaging so like we literally set orders to buy bitcoin or whatever coins we believe in at this price at this price at this price at this price right you can literally just go over here by hitting a limit order and type in the price you want to buy it at and and buy it so as the price drops down it buys for you another thing you could do is sell some of your position right now but that’s going to realize likely a capital gain depending on where you live and your tax laws and so I sold a little bit of Solana today because it absolutely it literally went up 650 in four weeks.
So I’m like hey that’s a little bit parabolic so might as well take some gains off the table so I sold like 30 grand at a dollar and 20. so and then I’ll just I’ll likely rebuy if we head lower but a big fan of Solana by the way but that’s another thing you do take some gains off the table and you know wait for price to go lower the thing is you have to have an idea of like when you would buy in again right because if you just liquidate your position and you have no strategy to get back in you’re probably gonna get just emotional when the market’s falling.
You’re gonna think it’s gonna keep falling and then when you see it you know pumping up a little bit you’re probably going to wait to buy because you’re still going to think it’s going to head lower and then all of a sudden it starts to head way higher and then you’ve you don’t even get back in the position so you got to realize you got to have a strategy you got to stick to it if you’re getting back into it and then also with the third thing that you can do is just use leverage so like you can you let’s say that you know you wanna you don’t wanna sell your positions you don’t wanna incur a capital gain.
You can leverage short on some of your position which is what I have set here which I’ll talk about this here in a second so you can make money as the market’s going down that’s a way to hedge without selling your position or adding any more you know money to the market you can have some just in a leveraged trading account where you can you know leverage short on a position to hedge against it you know dropping lower so what I did here is I don’t want to be in this trade until we actually break the 200-day moving average and we also dip outside of the previous support here so there was support right.
Right at like 46,260 for the last WIX so what I did is I set a conditional order over here you can set conditional orders I set the trigger price to be 46,170 so when and if bitcoin drops so if it does happen let’s say it does cross that amount I would be in a short position okay for 46,000 USDT so if we do head there it’s gonna short bitcoin in the amount of 46 000 so you know but it’d be like right right around one bitcoin so that that would happen if it doesn’t let’s say we just head higher nothing’s going to happen like it won’t execute the trade.
I won’t be in a leveraged short position and we’re fine so that’s one thing you can either trade like within a zone so you could like think if you think we’re going to be trading in a zone like you know we just were with bitcoin or you think maybe this is a zone right and you can trade the highs and lows just play little volatility there or if you want to catch a bigger trade.
It’s even better to set by limit order selling orders right outside of support and resistance so when it does actually break a certain trend you’re catching a big move to the downside or the upside and profiting so that’s what’s going on that’s why I do believe that that crypto and amongst other things too if you look at you know when when historically when we’ve seen big bear markets like if we look at like this time period guess what was happening right here when price really didn’t move much it was just kind of in a zone.
We had a little bit of higher highs and then we had a little bit of higher lows and we had a lower low and then we had a lower high and then we dropped down guess what was happening here all the all coins were taking off and all the meme coins were absolutely blasting off and that’s usually a sign when bitcoin starts to level out and then the all coins keep pumping like ridiculous numbers and bitcoins still just chopped just sitting there like trying to break out but there’s low volume and all these other coins are pumping that’s usually a great sign that the market’s about to turn.
So that’s what’s happening right now we just saw it with Kusama and Solana and Adam and avalanche and I mean ADA I mean pretty a lot of really big projects we just saw this with so that is what is you know happening that’s what I feel is going to happen so I am I did sell a little bit of Solana today I am waiting for this conditional order to hit and especially once this hit I am going to leverage short on some alts as well because they have a lot of volatility and I think quite a few of them are overpriced as well so that’s what’s happening and that is what I’m doing none of this is financial advice.
You should definitely figure out what works for you but I’m just showing you what I’m doing so up to you what you want to do and yeah 8x was a obviously a great trade I’m still up 100 grand by the way literally I put in 100k and I’m still even with a recent pullback I’m still up over 100 grand because we bought it at 80s actually we started buying at 60 cents and now you know I think we bought the majority at right around 80 cents and it’s at a dollar ninety right now.
So not too bad for you know six or seven days also if you go look at my preview like my last like five crypto YouTube videos pretty much everything that I talked about went up by at least 100 so if you look at hex if you look at Solana if you look at ADA if you look at 8x I mean pretty much literally everything I’ve been talking about hex is up over 300 percent eight axes up over 100 Solana ADA up over 100 not too bad so if you guys listened you you would be in a decent decent position yeah exactly john.
So that’s what happens is nice I’d love to hear that you bought in eight acts at the 30. we’re actually if you guys are part of our inner circle group I actually just did an hour live call with them and we’re buying a private token sale I’m actually talking to the CEO.
I’ve been doing a lot of like due diligence on the project the past three days and we’re about to buy this ICO that I think is going to out it has an opportunity to outperform ADAX as well so we’re literally buying it before anyone in the public can get a hold of it and if you want to be a part of that you should join the group.
There’s a link below this video yeah nice I think Paul I’m gonna short the hell out of BTC too I forget what my telegram name is it’s like jay sack I think how can you grow with smallmouths Paul the best thing to do is honestly you don’t want to take too much risk when you don’t have that much capital to risk because if you take too much risk by buying ICO’s or you’re using leverage because you’re trying to make up for not having a lot of money in crypto.
You’re going to lose so like the number one thing you want to do is at least if I was you and I had a low amount of money which I have absolutely been there I’ve been 80 grand in debt and still was trying to scrape money to put into crypto I would what I would do is I would set buy limit orders let as the markets dropping you’re buying more and more so you’re just averaging back into the market and buy projects with three things a great team behind them they have good token metrics so they don’t like inflate a ridiculous amount and they have real utilities.
So they’re actually being put to use I recommend or if I was you I would set by limit orders for projects that have crossed the box on all three of those things because you do your own research and you believe in the project like examples that I believe check those boxes are like ADA bnb Solana theta you know some of the DEXES like sushi and radium and you know quite a so there’s a decent amount of options I believe have really tilty a good team and good good metrics set by limit orders get into the market and then you go focus on income because you got to make more money.
That’s one of the biggest mistakes people make is like they try to be a full-time trader when you have no money it’s like if you’re starting with a thousand dollars you know how long it’s gonna take like it’s gonna take until eternity even if you catch like the most ridiculous gain ever it’s still not gonna it’s still gonna be marginal so like yes invest money but your number one priority should be focusing on building skills and going to make more money.
So that’s one thing that a lot of people make mistakes in trading is they try to like literally be in the ultimate trader when they literally don’t even have any money to trade with to begin with it also causes more emotion because if you’re putting in your last few dollars into a trade you’re gonna have a motion and you’re gonna lose so I think we’re getting pretty pretty close to this how far are we away are we really 500 away oh yeah.
We are 500 yeah so like John was saying that’s what happens when bitcoin appreciates a lot of like smart investors trade bitcoin into the all coins the all coins rise and then there’s nowhere for them to really go and that’s usually when the market because then the market fills up with leverage because this open interest starts to fill up and then we see a lot the market become overleveraged and then we see it just tumble oh yeah.
Another thing I wanted to show you guys is which by the way this software is ten thousand dollars this is another thing I don’t really like to see so the difference between crypto margin and cash margin so like you would want to be like right here this this trade that I’m talking about that may fill here soon this trade right here is USDT so that’s a cash margin trade okay.
If I you can also do crypto margin on here as well which is just done I think you can do it on here on Buybit I know that I did it a lot on binance.com I believe you can do it on Buybit as well but what it does is it gives you a return in the coin so when it’s crypto margin like let’s say you if I leverage short on bitcoin it would actually pay me the return in bitcoin okay.
So when would you want to when would you want to use a crypto margin versus cash margin you’d want to use crypto margin if you believe the price of crypto is appreciating because if you’re getting paid out in something that you think is going to go down why would you want that that doesn’t make much sense so I usually like to see the crypto margin futures higher you can see that they’ve been steadily dropping over can we go back further.
They don’t have the data I guess the furthest that they will take you is November so yeah so like I usually I would like to see this higher because when it’s cash margin number one that just shows me that there’s I mean the USDT is a whole other story but it usually means that people want to be paid out in cash more than crypto which possibly which pretty much means that people are betting more on cash outperforming crypto which usually is kind of a bearish sign so you can see like as the price was appreciating less people were using the cash margin.
That’s what this orange line is down here okay the orange line is how much the cash margin crypto margin you can see that it was going up when price was going up then once price started to go down the crypto margin came down so that’s been interesting to look at as well so me yeah.
I’ve heard something about Sony yeah I think ADAX I was actually just doing a little bit of a I don’t even know if it’s on in our group we were just talking about it because we all bought the hell out of it so everyone’s up like 100 but yeah they don’t even have yeah they don’t even have that up here let’s see what yeah this is Cardano though why is this showing oh XBT okay yeah.
Anyways ADAX absolutely took off and I think right around 170 is actually a decent decent price to get back in so if you’re looking to get back in 170 is not bad I would prefer to look closer to a dollar to be honest which he does still at 270. Danielle so her question was with all the all coins that have ripped do we leave them um here’s the answer is I think that here’s what I think the market’s gonna do.
I think which by the way we’re at a let’s go to total crypto so let’s just look at the total crypto market cap we’re not at all time highs I think the alts actually might be a little bit close let’s let’s look at excluding let’s exclude bitcoin yeah we’re getting somewhat close anyways what I do think is gonna happen is I do think that we are gonna likely head to like 42,000 and then I do think we’re we’re likely to head to all-time highs later this year.
So I think like I said I think September is going to be a not so good month I think it’s going to present a lot of buying opportunities and then I think after September I think we are going to have a nice nice returns the last quarter of the year I think we’re going to have really explosive moves but that’s just my sentiment so like if you’re looking for a short-term trade yeah.
I guess you could sell some I like for me at least I am not like I sold a little bit of Solana and I saw a little bit of my other positions like little bit I’m talking like five to ten percent of the position just to lock in profit because here’s the thing when you see exponential growth like there there’s no way to all to have exponential growth into eternity so if you remember anything remember this you never lose when you take profit so like literally that’s one of the biggest mistakes people make in crypto is they like they think that everything’s going up for forever because in the moment everyone’s hyping everything up and everyone thinks that everything is going up for forever and that that’s just not the case.
So when you see something go up 650 in four weeks it might be a little bit of a good idea to at least take a little bit of money off the table I mean yeah so like for me I like to take profit and then I just like to have cash on the sideline to buy dips and you know if it keeps heading higher that’s cool too because I still have the majority of my position in it so like I like to invest in what I believe in like I really do believe in the blockchain behind Solana.
The team behind it the 330 million dollars from the best crypto VCS in the world that put money into it two months ago and that’s why I made the YouTube video to begin with that’s why I like Solana also one of the richest guys in crypto is behind the project which is the guy that owns FTX and like you know so like there’s many reasons why I believe in it.
So that’s why I wouldn’t sell everything if this was like a pump like coin that I didn’t really believe in I would have sold a lot more of it but I believe in it long term so I’m just like hey I’m gonna take some profit on the table if it dips lower I’ll buy more if not and it keeps heading higher that’s great.
I’ll just use some cash to buy something else so that’s what I that’s what I do and then and and that’s that’s mid bull market so like when I think we’re heading to the end of the cycle like the actual end of the cycle where we’re going to be in a one-year bear market likely which I do think it’s I think it’s likely to be a little bit shorter than a year but I think we’re still going to have a nice heavy bear market.
I will sell a lot more of the position but anytime anything goes parabolic I believe at least for me I take some profit off the table because again you never lose if you take profit yeah don’t panic so everything will be ripping this Friday interesting I wish I knew every day what everything was doing that would be amazing you think ADA will dump lower than bitcoin honestly not really I don’t think ADA will dump much lower than bitcoin because I think everyone knows that September 12th the smart contracts launching is right around the corner ADA holds up stronger than most.
Yeah exactly I mean because because 70 of ADA is staked that’s why that’s like that’s that’s how much people believe in ADA they believe in it so much that 70 of the coin is literally put into place that’s in a wallet that cannot that cannot be sold like on an exchange to accumulate more ADA or something that’s still in the ecosystem so like there’s a lot there’s that’s another thing you gotta look at is like how big is the support behind the project.
There’s a ton of support behind ADA there’s a ton of support behind ripple that’s why even with the lawsuit it’s still doing decently well there’s a ton of support now behind Solana there’s a ton of support behind eth all those things yeah yep.
I would I’m I so I did not sell actually I did I think I sold like two percent of my ADA because it was it ran like I was literally buying it at 18 cents so I mean come on you gotta you gotta take take a little bit you know so I took like three percent off the only reason why I didn’t take more is because because I’m just like I believe in it I know what’s around the corner and I believe in the project I believe in Charles and I think the ecosystem is going to blow up and that’s exactly why I bought 8x.
So anyways that is about it I do need to do a few things and it is 9 30. so thanks so much for hopping on guys I’ll see you here in the next video I’m going to talk a lot about more of like ecosystems behind these big chains like ADA and Solana so definitely stay tuned for some of the next videos that are coming right English (auto-generated).