📝 Video Summary
100XClub Market Evaluation
100XClub's overall assessment of the crypto market is cautious, with a focus on retracements and potential rejections. The presenter believes the recent "pump" is a trap and anticipates a pullback after a retrace to a 4-hour order block. He is currently not aggressively entering new positions but is deploying a small percentage of capital back into bots.
Main Topics and Key Points
- Market Sentiment: The presenter is skeptical of the current market pump, viewing it as a potential trap. He warns against "timing the bottom" and advises against blindly following the hype.
- Technical Analysis: The analysis focuses on the total market cap, specifically on the 3.17 trillion level as a key resistance. The presenter believes the market is likely to retrace to a 4-hour level and potentially hit the 50% Fibonacci retracement level around 3.23 trillion.
- Order Blocks and Retracements: He emphasizes the importance of 3 consecutive candles to validate an order block. The presenter expects a retrace to a higher time frame order block and then a rejection.
- Trading Strategy: The presenter is primarily focused on a retracement to the 4-hour order block. He is not actively taking long positions unless there is a break and close above the 3.17 trillion level. He is using bots for long-term accumulation.
- Bot Deployment: He has deployed 5-10% of his capital into ETH short bot and other bots.
- Ledger Recommendation: The presenter recommends using a Ledger hardware wallet, providing affiliate links for Black Friday deals and discounts.
Trading Positions and Actions
- Current Position: Not actively in positions overnight. The presenter is primarily focused on observing the market and awaiting confirmation of a reversal.
- ETH Shortbot: The presenter has deployed bots, specifically the ETH short bot, and is managing these positions, and has started deploying back 5-10% of his capital.
- Future Action: He may take long positions on a scalp basis if there's a break and close above the 3.17 trillion level.
Important Insights
- Rejection Expectation: The presenter is anticipating a rejection at a higher time frame order block.
- Market Structure Shift: The presenter is watching for a market structure shift (lower low followed by a retrace) to confirm a downtrend continuation.
- Bot Strategy: The presenter is using bots to accumulate over time, regardless of short-term price fluctuations.
- Time Horizon: The presenter believes the market may chop for another couple of months.
Alerts
- TOTAL;{{price}} < 3.17T;100XClub: Key resistance level.
- TOTAL;{{price}} > 3.17T;100XClub: Breakout opportunity.
- ETH/USDT;{{price}} ;100XClub: Deploying long-term bots.
- BTC/USDT;{{price}} ;100XClub: Deploying long-term bots.