📝 Video Summary
Market Analysis and Trading Strategy Summary
In this video, Josh provides a market update and shares his current trading strategy, primarily focusing on the cryptocurrency market. He expresses a sense of exhaustion due to the market's recent downturn and the unexpected nature of the sell-off.
Overall Market Evaluation
Josh believes the market is in a difficult state, with a potential for further downside. He is hesitant to make any aggressive moves but is preparing for a potential reversal. He emphasizes that the current market conditions are challenging to read and are not favorable for shorting.
Key Points and Insights
- Market Sentiment: Josh acknowledges the market is "fugged" and is surprised by the extent of the sell-off.
- Bitcoin: Josh exited most of his spot positions except for Bitcoin and 50% of his ETH. He is monitoring Bitcoin's price action closely.
- Market Cap: He is watching the total market cap levels for potential entry points.
- Trading Strategy: Josh is currently out of the market and not taking any new trades. He is focusing on scalping and setting up bots.
- Bots: Josh is a proponent of using trading bots to navigate the choppy market. He is planning to close and reconfigure his bots to capitalize on the potential bottom.
- Long-Term Outlook: Josh is bullish on the long-term prospects, particularly for 2026, and is preparing his portfolio accordingly.
- Risk Management: Josh emphasizes the importance of risk management, as he made a mistake by longing at the wrong level and gave back profits.
Trading Actions and Positions
- Closed Positions: Josh has closed most of his trading positions, except for his FOLKS long position.
- Scalping Strategy: He plans to scalp total market cap if it closes above 2.99. He will enter a 1% pump and exit quickly.
- Bot Strategy: Josh is going to close all his bots and reconfigure them with new ranges.
- Long-Term Accumulation: He is preparing to accumulate crypto positions through bots, anticipating a bullish market in 2026.
Market Levels and Targets
- Total Market Cap:
- First Level: 2.92 trillion (for scalping)
- Second Level: 3.13 trillion (for taking multiple long positions)
- Next Level: 3.41 trillion
- Potential Retrace: Josh is watching for a retrace to the daily order block, which could lead to a rejection.
- Shorting: He is not inclined to short the market at this point.
Important Considerations
- Confirmation is Key: Josh is waiting for confirmation before re-entering the market with spot positions.
- Patience: He advises viewers to be patient and avoid trying to time the bottom.
- Community: Josh encourages viewers to join the community for updates on his bot setups and trading plans.
Alerts
- TOTALCAP;{{price}} > 2.99;Josh: Scalp opportunity, if we close above.
- TOTALCAP;{{price}} > 3.13;Josh: Multiple long positions opportunity.
- TOTALCAP;{{price}} > 3.08;Josh: Short Opportunity, but late.
📈 Progressive Summary
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Market Overview and Current Strategy
In this live update, Josh expresses a high degree of uncertainty and caution, a shift from his previous bearish stance. He acknowledges that the market is "completely fugged" and that he did not anticipate the severity of the ongoing sell-off. He admits to making a mistake by longing at what he thought were support levels, resulting in losses in his public trading account. He has exited most of his spot positions, retaining only Bitcoin and a portion of his Ethereum. Josh's primary strategy now involves waiting for confirmation of a market bottom before re-entering with conviction.
Bitcoin Analysis
Josh's analysis of Bitcoin is focused on the total market cap and the weekly level. He admits that he tried to long Bitcoin at the wrong levels and lost money. He is now out of the market and waiting for confirmation of a reversal.
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Current Situation: Josh is waiting for confirmation before re-entering the market.
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Potential Reversal: Josh is looking for a market structure shift on the hourly chart.
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Shorting Strategy: He is not currently shorting, but may consider shorting if there is a retrace up to the 3.08 level on the total market cap and a market structure shift on the 5-minute timeframe.
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Longing Strategy: He will consider taking long positions if the total market cap closes above 3.13 trillion, with potential targets at 3.41 trillion.
Ethereum Analysis
Josh has retained a 50% position in Ethereum (ETH). Ethereum is also down on the weekly order block. Josh is waiting for confirmation before re-entering the market.
Altcoin Analysis
Josh mentions that all altcoins are down on the weekly order block. He highlights the following coins:
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XRP: Is down on the weekly order block.
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BNB: Is very close to the order block.
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Solana (SOL): Is down on the weekly order block.
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Doge: Is down on the weekly order block.
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Cardano: Is down on the weekly order block.
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Chainlink (LINK): Is down on the weekly order block.
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INJ: Is down on the weekly order block.
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Caspa: Is at an ultimate low.
Trading Strategy and Opportunities
Josh is currently out of the market and is not trading manually. He is waiting for confirmation before re-entering. He is planning to adjust and redeploy his bots, focusing on accumulating altcoins, particularly Solana (SOL) and other tokens, at lower price levels.
Key Strategy Elements:
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Scalping: Josh plans to scalp on the 15-minute chart, entering if the market structure shifts at 2.92 trillion with a 1% pump.
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Bot Re-Deployment: He is closing existing bots, re-evaluating ranges, and redeploying them with an emphasis on accumulating altcoins.
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Focus on 2026: Josh believes 2026 will be bullish and is preparing for this long-term trend.
Alerts
Josh does not provide alerts in this video, but he is going to share the bot settings in the community.
Comparison with Previous Summaries
The current analysis represents a significant shift in Josh's approach:
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Shift from Bearish to Cautious: While the overall market sentiment remains bearish, Josh is now more cautious. He has exited most spot positions and is waiting for confirmation before re-entering.
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Adjusted Strategy: Josh is no longer shorting and is preparing to re-enter the market using bots to accumulate at lower prices, showing a shift from actively shorting to accumulating.
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Emphasis on Altcoin Accumulation: Josh is focused on accumulating altcoins, which is a departure from his previous emphasis on shorting.
Potential Trading Opportunities and Strategies
Based on Josh's analysis, the following trading opportunities might arise:
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Scalping Opportunities: Watch for market structure shifts on the 15-minute chart and consider scalping.
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Bot Setup: Copy Josh's bot settings to accumulate altcoins.
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Long-Term Accumulation: Consider accumulating altcoins for the long term, with a focus on the 2026 bullish market.
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