3 Trades I’m Taking On This Crypto Dump! (My Week Gameplan)

📝 Video Summary

JohnD's Crypto Market Analysis and Trading Strategy

JohnD provides a comprehensive analysis of the crypto market, offering insights into his trading strategies and current positions. His overall assessment is that the market is in a "depressing state," creating opportunities for those who can maintain a "bull mentality." He emphasizes the importance of a non-predictive approach, focusing on risk management and adapting to market cycles. He is currently bullish, expecting a bullish momentum to come towards the end of the week.

Market Overview and Strategy

JohnD highlights a volatile market, where opportunities can be found despite the overall bearish sentiment. He emphasizes the importance of patience, risk management, and adapting to the market's cycles. He advises to have a "bull mentality" and be prepared for both bullish and bearish scenarios. He uses a non-prediction approach, relying on charts and technical analysis rather than forecasting.

• Market Sentiment: 60% of people are bearish.
• Trading Philosophy: Non-predictive approach, focusing on market cycles, trend lines, and support/resistance levels.
• High Time Frame Analysis: Bitcoin is in a bullish trend and can drop to $90,000-$95,000 and still be bullish.
• Bitcoin Dominance: Bitcoin dominance is bearish, suggesting potential for altcoin growth.
• Volatility: Expecting a volatile week, with potential for breakouts to the upside.

Trading Performance and Account Management

JohnD showcases his recent trading success, turning a $23,000 account into a $51,000 account, with a 50% win rate. He emphasizes the importance of risk management, stating that a win rate above 30% is good if you're managing risk appropriately. He also discusses his Bitfunded challenge account and the strategy of taking profits to mitigate risk.

• Recent Performance: Account grew from $23,000 to $51,000 in a choppy market.
• Win Rate: 50% win rate with proper risk-to-reward ratio.
• Risk Management: Using only 20% of capital for trades to mitigate risk.
• Bitfunded Challenge: Currently trading a $100,000 account.
• Bitfunded Rules: Daily loss limit of 4% and a maximum loss of 6% over three days.
• Strategy: Take profits and reset the starting capital to maintain control over risk.

Current Trades and Upcoming Opportunities

JohnD is currently focused on finding trades for the week, focusing on tokens with larger trading ranges. He identifies potential support and resistance zones for Bitcoin and altcoins. He mentions that he is looking for longs. He has deployed bots and is charting the tokens. He is currently holding one short-term position, and planning to take three trades.

• Current Positions: Currently in cash and looking for new trades.
• Bitcoin: Looking for potential bounces at support levels.
• Altcoins: Monitoring for potential entry points.
• Solana: Entered a short-term long position.
• Planned Trades: Three trades for the week: long, short-term short, long.
• Trump Token: Potential shorting opportunity.
• ZK Sync: Potential shorting opportunity.
• Bots: Deployed AVAX and Cardano bots with limit orders and stop losses.

Alerts

• SOLUSDT;{{price}} > {{breakout_level}};JohnD: Watch for the trend break.
• BTCUSDT;{{price}} > 106000;JohnD: Possible bounce.
• BTCUSDT;{{price}} > 103000;JohnD: Possible bounce.
• ZKUSDT;{{price}} > {{trend_breakout}};JohnD: Wait for the trend break.
• TRUMPUSDT;{{price}} > {{retest}};JohnD: Opportunity.