The American Trader 📈

A little update

Market is having a short term correction. We are good with spot bags. Overall we won’t go down below 60k again.

Also lots of fud about election being a sell the news event. My take is Election results may bring short term manipulation only. There are market makers who control the prices and even the politics of the world. The crash on 5th August went with a wick to 49k and not below that. I really believe the bottom was made in there and we don’t see a new bottom soon.

People may think that the market makers want to buy crypto cheap but why forget that they also want us not to buy that cheap. Crypto market has always seen a bull and bear market in a cycle of 4 years and it’s too obvious now. I vouch for a super cycle this time but this will be much more focused on btc only. Alts won’t see that much of a 10-20x gains except for a few selected ones.

My strategy for now is to keep 50% funds for Dca and for leverage this month not been that much great like previous ones. I will reduce the alts and shitcoin setups and focus more on indicator triggers on btc. Indicator has been pretty accurate and can be fully trusted.

General Market tips

On leverage get a Big position in btc , eth , sol , wif
if you close, add margin or hedge before 88k u are dead
Do not trade Altcoins & memes much and if u trade limit the risk in them by using stoploss
Very high margin in first point.
Stop cribbing about the resistances. There is a fucking resistance at every 500 usdt move. People who are bearish calls a resistance at 66000,66500,67000,68000 fuck them bros.
Eth upgrade coming
Etf approvals done
Bybit Wsot, binance bingx all exchanges giving out trading competitions(Imagine why no such big competitions were there in last 7 months.
It's clearly the bullrun vibes to me.

𝗦𝗼𝗺𝗲 𝘂𝘀𝗲𝗳𝘂𝗹 𝗹𝗶𝗻𝗸𝘀 𝘁𝗼 𝗰𝗵𝗲𝗰𝗸 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗱𝗮𝘁𝗮𝘀

For Fear & Greed index
https://alternative.me/crypto/fear-and-greed-index/

For BTC etf inflows
https://www.coinglass.com/bitcoin-etf

For grayscale investment/considerations
https://www.grayscale.com/blog/general-updates/assets-under-consideration-current-products

For grayscale crypto products
https://www.grayscale.com/crypto-products


Funding rates
https://www.coinglass.com/FundingRate

Funding rate heatmap
https://www.coinglass.com/FundingRateHeatMap

Coinbase premium index
https://www.coinglass.com/pro/i/coinbase-bitcoin-premium-index

Binance labs portfolio
https://coinmarketcap.com/view/binance-labs-portfolio/

Dwf labs portfolio
https://coinmarketcap.com/view/dwf-labs-portfolio/

Important BTC update

On daily timeframe btc is very close to a big move. A 7 month long choppy consolidation period is slowly Getting over and this period has already destroyed most people phycology and everybody is now prepped to take profits at 70k(the range high)
SMC concept gives us two close FVG on daily. I expect both FVG to get filled before the breakout and I am planning to enter rest spot (40-50% remaining spot portfolio here) and also the new leverage longs will be opened at this point only. I will share the exact entry when I take.
With Strong Buy signal on the daily timeframe (just after a fake Strong sell signal ) signals a significant upward move is close.
Fed money printers getting ready, Rate cuts, the 1Billion dollar liquidation on 5th August, FTX payouts, continuous war news unable to dump btc below 50k now, my common sense says we going up higher now. After a few stoploss led last trades I am just cautious to open new leverage longs.

But we need to be ready for the bullrun now. And our spot coins are good enough to enjoy the best part if it comes.

Important BTC update

On daily timeframe btc is very close to a big move. A 7 month long choppy consolidation period is slowly Getting over and this period has already destroyed most people phycology and everybody is now prepped to take profits at 70k(the range high)
SMC concept gives us two close FVG on daily. I expect both FVG to get filled before the breakout and I am planning to enter rest spot (40-50% remaining spot portfolio here) and also the new leverage longs will be opened at this point only. I will share the exact entry when I take.
With Strong Buy signal on the daily timeframe (just after a fake Strong sell signal ) signals a significant upward move is close.
Fed money printers getting ready, Rate cuts, the 1Billion dollar liquidation on 5th August, FTX payouts, continuous war news unable to dump btc below 50k now, my common sense says we going up higher now. After a few stoploss led last trades I am just cautious to open new leverage longs.

But we need to be ready for the bullrun now. And our spot coins are good enough to enjoy the best part if it comes.

Small btc update

I believe the dip below 60K marked the low for October. When a quarter starts with a strong move, like this drop, it often sets the high or low for the month.

Now, we’re reclaiming the quarterly open at $63,325, similar to what happened in October 2020 before the big bull run.

Ignoring the noise and holding longs

With SPX looking strong, and war news already factored in, I’m leaning towards an Uptober.

A very average month for me
Still a 37.56% return on your overall portfolio with great risk management in September month

I have been very conservative in calculations and used the minimum profits that was booked. Most people/channels use the maximum profits a trade reach.
It's all amidst the super choppy PA of BTC
Hopefully we do better in October.

Quick btc update

BTC on 4H is uncertain. For now the floor support at 60k not broken down. It's an important psychological number too. We either hold 60k and chop around a bit to move higher. In this case my long entry trigger will be acceptance above 62.7-62.8k level on higher TF. Flipping this level is important to enter longs and ride till 68-69k

Other possibility is that people look to long 59-59.5k and should get stopped at 57k where there are some equal lows to be taken on 4H TF. Also we will create a higher low at this level(49-52-57 being the series of higher lows since 4-5th Aug crash) and then start the run up for next higher high above 65k.

In any case the short trade need to be aggressively booked. For more downward movement I am waiting for the STRONG SELL triggger by Godeye indicator which will be a good confluence to add more into shorts.

Selling these spot coins here
Tao 533
Wif 2.26
Sui 1.73
Ondo 0.70

All 4 are in good profits
We will get back later

Comfortable in spot coins
Except Ondo all three coins are doing great
Always pick the best candidates

Just a tip for today

Don’t be afraid
Take some long exposure and make money
Close longs if daily close below 62.8k
Exactly entry tP and SL has been shared in our group
It’s simple take action aligned with trend on higher TF structure with a strict invalidation and you are good to go✌️

Book Luna almost full setup reached
+2R

Luna2 buy setup
Use R=2%

#important #staysafe

Here is a thread to explain all types of scams in crypto/telegram that you guys should be aware of :

1) money management scam : here the scammer will give you lucrative offers like convert 1000 usdt into 5000 usdt in 24 hours. Stay away

2) account management scam : scammer will show big pnl fake/edited/maybe real screenshots to impress you. He will show like he is a big trader and then ask u for account ID and password. Then take high risk trades on your account and if gets profit they will share 50-50 if he blows your account he will instantly block u and run away. Stay away.

3) Fake token scam : scammer will launch a fake token and promise u a 100x giving bullshit logic of tech and team. Sometimes your favourite influencer takes money from the fake tokens teams and shill that to you. Due to liquidity from innocent people token can become 2-3x in short time but eventually it will die. Stay away

4) Fake exchange scam : Scammer will ask u to make account on a fake exchange and promise high rewards on joining or high referrals but later exchange won't allow your withdrawal. Stay away.

5) Bad R/R signals : scammer will give signal with worst R/R and show a whopping 99% accuracy. Stoploss will make u loose 90-100% PNL and TP will gain u 15-20% PNL. Stay away

6) Mutiple entries/DCA signal scam : signal provider gives u 2 or 3 entries. Mostly 1 entry hit and then tp hit then u gain only on half balance. But when SL hit u will loose on double balance. Even after 80% accuracy on papers u will always be in loss. Good quality signal means a single entry AND the person giving the trade is really aware what he is doing. For example buying btc at 69k in 2021 bull market peak and DCAing btc for the entire 2022 bear market, someday u will come in profit. This thing does not make u smart investor this make u a donkey. My point is smart people get into strength and get out in weakness. If anybody ask u to DCA into a dying coin understand it asap. Stay away.

7) Multiple take profit signals : signal provider gives 5 or more take profits and will always show maximum achieved PNL. He himself won't know when and how to book profits. It's almost impossible to book gains on 5 tps manually. There should be 1-2 key levels where profit should be booked that will help maintain the quality of trade.

8) Big SL and scalp TP scam : This is usually not understood by people. Here the channel owner give a signal with big SL and very big TP and then puts a scalp TP at 5% or 10% profits😂 Some biggest channel owners do this type of scam. In their charts u will see that R/R of trade is good. But there’s no point of R/R if trader don’t help u to book gains at right times. What’s the point of a 50% to when scalp tp is 5%. Stay away.

I just shared some of the ways people may try to scam you. Always stay alert and aware. Don't fall for traps.
I am Always with you guys working 18 hours a day doing research and making strategy for every move.
Feel free to ask me anything anytime😊

An example of a bad signal is

📍Coin : #COMP/USDT

🔴 SHORT

👉 Entry: 41.44 - 42.70(DOUBLE AND WIDE ENTRY😂)

🌐 Leverage: 20x

🎯 Target 1: 41.03 (TP1 is so close)
🎯 Target 2: 40.58
🎯 Target 3: 40.10 (6 TARGETS😂)
🎯 Target 4: 39.70
🎯 Target 5: 39.30
🎯 Target 6: 38.80

❌ StopLoss: 43.45(STOPLOSS VERY FAR😂)

An example of a good quality signal

🌷 trb/usdt long 19 🌷(single entry)

🟢 Tp 20.3 21.8 (only 2 tp)

🟡 Leverage 20x

🔴 Sl 18.10 (Sl is closer even as compared to tp1)


By @TheAmericanTrader

+5R
I am holding my position(only booked half at 2.5R)

Made good money lately
August/September has been great months for us
Caught every decent move in BTC and majors

Be humble
Stay grounded
Don't let ego get over your mind
There's more work to do

BTC update : patience and staying calm in today's morning and having conviction on our strategy helped.
Daily close above 65k and 70k should come very soon

Waiting patiently like always

P. S just a friendly advice if anybody is suffering from BP/sugar problems then u should take profits very frequently guys. Because eagerness will damage your parameters. Better not to touch leverage. Sleep peacefully
Our spot coins like Tao 0x0 hass already done 3x

Id +29%
+2R reached
Book a little around 25-30%
Move stops breakeven

ID buy setup
R=2%