Ivan on Tech analyzes Bitcoin, Solana, and Ethereum as Bitcoin tests a key weekly bull-flip level
Ivan on Tech delivers a solo market analysis session covering Bitcoin's critical weekly chart level, altcoin trends, macro bond market developments, and a Q&A with viewers.
Summary
Ivan on Tech presents a bullish case for Bitcoin, Solana, and Ethereum as Bitcoin tests what he calls the "weekly flip" — a key Moving Averages level that, if confirmed on the weekly close, would signal a new bull market. He argues that US Treasury Secretary Scott Bessent's move to use approximately one trillion dollars in Treasury reserves to buy back bonds is a form of monetary debasement that acts as a catalyst for both Bitcoin and gold. Ivan also reviews the AI stock sector, which he says has entered bear trends across most names, reinforcing his earlier call to rotate from AI stocks back into crypto. He recounts receiving external credit (from someone named Ran) for calling the broader cycle correctly, including a bullish pivot approximately one month prior and a warning about AI stocks approximately two months prior. He discusses the broader altcoin landscape including Solana, Ethereum, Zcash, BNB, and Ethena, before answering viewer questions on topics ranging from Elliott Wave analysis to the FTX bankruptcy. The episode also touches on whether a widely circulated Druckenmiller commentary on bond market intervention was AI-generated, and Ivan offers a detailed explanation of why the current Bitcoin recovery does not qualify as a V-shape, contrasting it with the COVID-era example.
Key Takeaways
FULL TRANSCRIPT
Bitcoin Tests the Weekly Bull-Flip Level
Ivan on Tech: Welcome to another episode. Right now, Bitcoin is right at the flip. Bitcoin is testing the weekly flip. As a reminder, we need to close the week above the weekly flip in order for it to count. Currently we are at 79.9. We've been accumulating here in the buy zone. We've been accumulating for months around the 200-week Moving Averages. Now, in case we go bull on the weekly chart, it's time to really see the bull market with big eyes, because then it is confirmation that the bull market is here.
We are going to repeat something similar to what happened right here, with highest likelihood. Always, always, always with highest likelihood. Anything can happen. Maybe it goes to zero — it goes bull flip, it goes to zero. Okay, it can happen. That's why we have stop losses. But with highest likelihood, you have the continuation of the chart to the upside. It's going to be mainly up, sometimes a bit down. Like here, for example, it went up, then sometimes a bit down, but mainly up. Very important.
And as you know, this is normally the beginning of a fantastic altcoin run as well. For example, in the last bull market, Solana went from $8 to $300. Now Solana just went into a new bull trend. This thing can easily try and get back to this high right here. It's 140% just to get back to the $250 level. And if you look even on a higher time frame, if you zoom out more, then it is 200% to the peak right here.
Ethereum's Situation and the Path Forward
Looking at ETH, ETH has a very nice chance of continuing to pump all the way to the peak right here of August 2025, when it did this small, tiny, tiny all-time high. Oh guys, it's embarrassing. I love ETH. I love ETH. But man, what is this? This whole bull market was basically wasted. ETH did like a $100 all-time high after years and years of waiting. But guys, listen — now it's a new bull trend. New bull trend means we have a good chance of going up.
The biggest bull signal for ETH, guys, is going to be when it actually gets out of this chop. Should it start going towards 5.1, 5.15 — this could snap to $10K, $15K quite fast. I know it sounds crazy that it would snap from here, but the thing is, now it has a clear range. And when things break out of a range, it gets crazy. It's crazy. So you have 100% to the top of the range from here. And should it also break the top of the range and break this five-year-plus range — if that happens, that's going to be crazy. Nothing is impossible here. Nothing is impossible.
Scott Bessent, the Bond Market, and the Debasement Trade
Anything can happen. Why? Because we are seeing changes that have not happened since the great financial crisis. We have not seen this kind of action by the government since the great financial crisis, since the bailout. Maybe you can say since COVID — COVID is another example where the government took massive action and deployed capital like there is no tomorrow.
Scott Bessent came out yesterday and said that they may use the one trillion dollar US reserve — basically the Treasury account — in order to buy back the bonds. He is now actively at war with the bond market, because the bond market doesn't want to buy. They don't want to buy US bonds, and he's basically buying them up himself to show that they're going to pump. It's very important for him to create demand for bonds. It's so important because if there's no demand for bonds, the interest rate on US debt is very high. So he needs to do that.
There are many opinions on whether he's doing it correctly or incorrectly. This is the first time since World War II that the US Treasury is buying their own bonds at this kind of size. Normally it is the Fed that creates the money and then deploys it into the market. But now the Fed doesn't really want to do it — even with the new Fed chair, at least currently they don't, and they cannot really do it because they need to stay credible. They cannot just repeat the same bailout, the same QE as before. So now they're doing it a bit differently. Now it is the US Treasury that is using the funds.
But at the end of the day, where is the government going to get the money? Likely from the Fed. Likely the Fed is going to inject money into the government in one way or another. They just need to create a new charade — a slightly different charade — so the media and the markets don't really understand what's happening, because technically this money has not been printed. It's just an amount on the US budget ledger and they can use it. It's on the books of the US government. So technically this money has not been printed. But practically, the government will run out of money and then they're going to print it anyway. At the end of the day, this will lead to the printer going. That is the conclusion. Although right now there is no brrrr right now, it's just a charade. At the end of the day, there will have to be a real printer injection.
I've been saying now for a week or two, since Scott Bessent started to do this — this is the catalyst. It's the catalyst of the bull. Scott Bessent is now going in and buying the bonds. It's amazing.
Calling the Cycle — Taking Credit
And guys, as you know, we've been playing the cycle so nicely. Ran even gave us credit. He said, "I'm going to give credit where it's due." And you know what? We're going to receive credit where it's due. We're receiving it fully. The person who called the entire cycle perfectly so far is Ivan on Tech. He called the top, but more importantly pivoted fully bullish about a month ago. Exactly.
This is what we said at the beginning of August: bear market is ending soon. Time to see the big picture. The biggest opportunity in finance over the coming 12 months is crypto. AI trade is ending. Crypto trade is beginning.
And by the way, this is very important — AI trade is ending. When you look at the AI stocks, many of them are in bear trend. And the bear trend is very strong. It's the curse of the bear trend. You enter bear trend — even if you pump, it's hard to pump back above into bull trend. It's hard. It's not impossible, but it's very, very hard.
So you look at ALAB — same thing. Bear trend started, then it fell, then it tried pumping, but you have the curse of the bear trend. In the bear trend, you stay out. We did ride the AI stocks when we rotated out of crypto in Q4. But then about two months ago, we said time to be careful. Intel — bear trend. What happens in a bear trend? You cannot do too much. It's like a bird with a clipped wing. The bear trend is clipping and clipping and clipping the wings.
Nvidia — bear trend. Try pumping. Let's see if it can. But it's hard. It's very hard. AMD still keeping bull trend. Marvel — bear trend. Another example of bear trend. You see all these assets in bear trend, then they try to get out of it. It's very, very hard.
So yeah, this has been fully correct. We've been saying that the Ivan flip happened. And isn't it crazy? We flipped bullish and the whole market also said, "Hey, it's time to go."
Are whales watching these streams? Mr. Whale, let us know in the comment section. Are you watching?
Bitcoin's Weekly Candle — The Largest in Dollar Terms
We are seeing Bitcoin now mooning in such a beautiful way. It's the strongest weekly rally since March 2023. But I would even say that if you look at the dollar amount, it is the largest weekly candle in history.
Now many people feel so much FOMO. They want to go all in. And listen, we have been accumulating since the buy zone right here. So accumulating at the 200-week Moving Averages — we've been saying that's good, but we only did it with a small amount. The big amounts we're deploying only when we confirm the bull flip, and we haven't done it yet. Technically it's still possible to get a rejection here.
We have a strategy where we act on confirmed bull trends. Is it possible that before the week closes we pump to $200K? Is it possible that we just miss the whole bull market? Guys, listen — anything is possible. It's probabilistic. It's very unlikely that it happens. It's very likely that we close somewhere near the bull flip, not that far away. Now we're just some $100 away. That's the most likely outcome. But it's also possible that something insane happens. Maybe we go to Valhalla, $200K, tomorrow.
What do we do then? Did we miss it? Absolutely not. Because then you have the beginning of the biggest altcoin season in history. But what's more likely to happen is that it closes somewhere here. There is still a risk of rejection, and we don't want to lose money. That's the thing. The reason why we wait for the bull flip to really confirm — we don't want to lose money, guys. We never want to buy and then have it go sideways or down. We want to buy and have it go more or less up only.
We're capital efficient. We did go from crypto into AI stocks. We need to be in charts that are up only. The same thing with all of the AI stocks before they went into bear trend. Look at Intel, for example — when it flips bullish, it's up only. That's what we need.
Don't Be Needy — Multiple Charts Available
This is where you don't have to be needy. The reason why people are so worried — before the stream I was just coaching a guy in Bull Mania. He was worried about what happens if Bitcoin goes to $150K before the weekly close. Well, number one, we have accumulated in the buy zone. But number two, don't be needy. If it goes to $200K, man, Solana is already justly bullish. It's a new bull trend. It's a confirmable trend. You have so many other charts. There's an infinite amount of charts. Don't be needy that you need one single chart to work out. Following a system maximizes your chance anyway. It's the best way to trade.
Of course, there is a small chance that something crazy happens — Bitcoin goes to a million before you click the buy button. Many different charts. Many different charts. Even gold is now giving us an entry. Isn't that crazy?
Gold Entering a New Bull Trend
Let me check gold. Gold closed the weekly in a green, fantastic way. I love gold now that it is green. We love gold. We said to be risk-off earlier. Now potentially a new rally in gold. Gold mine line flip bullish. It's only 0.5% higher, so it's a new bull flip. Gold has ripped hard of late. Record speculative pile-in — $22.2 billion net gold futures in three weeks. Best August for gold since 1999. The debasement trade is live, just like crypto.
So gold and crypto are now very much connected. They are connected. This trade is connected. It's the debasement trade. With Scott Bessent saying that he's going to use one trillion of the US budget to go and buy bonds — it's debasement, guys. Debasement. Very important.
So for us, it is potentially the start of a new journey in gold. Personally, I prefer crypto more. Crypto is going to moon so much harder. I prefer digital gold in this case. So we're mainly going to be in Bitcoin. Gold is a bit secondary now. Crypto is the new bull trend after such a long bear. Crypto is the main character for sure.
For all intents and purposes, looking at Bitcoin is enough. You don't have to have gold and Bitcoin in this situation where both of them are going into bull, and Bitcoin is the fastest horse. It's also been down way more than gold. So it's going to be insane. Bitcoin is going to remind everyone that it's the best performing asset. People have forgot it. They think that Bitcoin is, you know, some dirt in your portfolio. Well, for the longest time it felt like that through the bear. Now no more. And I think Bitcoin is going to remind everyone how things work around here. Bitcoin is up only, guys.
Stanley Druckenmiller's Warning on Bond Market Intervention
Now we discussed this Scott Bessent thing. People have a lot of opinions. Stanley Druckenmiller came out saying that Bessent should not be buying bonds like he is doing. He said:
"I have spent five decades trading on a simple premise: markets aggregate information no committee possesses, and prices are how that information reaches the decision makers. The long-term Treasury yield is the most important price in the world."
So basically he's saying — see it as a signal. He's saying to the government, to Scott Bessent: see the long-term yield as a signal that you need to change something, because that's the market telling you something. It's information that the market is giving you. Don't try to distort the information. Instead, see it for what it is and act on it in ways that change the situation so that the market agrees things are better. But instead, they just pump the market anyway.
"Every basis point of artificial yield suppression is a subsidy to procrastination."
Because yes, you can just temporarily delay the inevitable. You can buy your own bonds. Maybe it's going to pump them temporarily, but long-term it's not going to bring back bullishness for bonds.
"Return buybacks to their stated purpose — small, scheduled, off-the-run liquidity operations announced at quarterly refundings, never as cycle responses to yield levels like we've seen now."
So yeah, many opinions. I just know that they're going to print anyway, guys. They're going to print anyway. Very, very important.
There's also a note going around saying this opinion by Stan Druckenmiller was entirely AI generated — that if you read the text, it's glaringly obvious, and that the editors at the Wall Street Journal know what AI sounds like and published it anyway. Is this the new normal? Does it mean AI writing is finally good enough to be published in the Wall Street Journal?
Personally, I think that if it's good enough — if people read it and you communicate your thoughts — it's good enough. It's a bit off topic from crypto, but it's kind of true. If you write your thoughts and they're still your thoughts, it's like saying that if you don't write with a pen, it's not your thoughts. You used autocorrect, autocomplete, auto-formatting in a word processor. At the end of the day, if it's your thoughts, it's your thoughts. So the format of media is now AI. We're all coming to AI in a big, big way.
Market Scan — Zcash, Hyperliquid, MicroStrategy, and More
In terms of the market update — Zcash doing very, very well. Hyperliquid doing very, very well. Let me go through what we pulled from Twitter and see if we missed something.
MicroStrategy is not buying the dip. They're not buying the bottom. They're actually selling stock. They're selling shares — kind of okay — but every week MicroStrategy is selling their own shares, trying to raise capital to fund stretched dividends.
Zcash narrative explodes on spot ETF chatter. This one is big. An ETF is going to come for Zcash. Grayscale is converting their trust from a fund structure — not really liquid, a bit hard to get access to — into a proper US ETF. So it's going to be easier to invest and more money is going to be put in there.
The best historical analog for Zcash, in my opinion, is the 2013 Bitcoin double bubble — similar high time frame price action, market cap, search heightening, price action, markup range, and community. After breaking the first high at $250, it just took Bitcoin four weeks to 4x and go to $1,100. The Zcash ETF may just be the fuel needed for Zcash to repeat that feat.
So let's see. Zcash is now at $800. If it goes to $1,100, it's not too much. But I think the point is more general — that we now break this top, similar to how Bitcoin had a top at $250, and Zcash had it at $750, and then Bitcoin did a 4x. Maybe Zcash has the same 4x from here. Keep that in mind because they do have a real catalyst, and most importantly for us, it's a new bull trend. If it's a bull trend, we don't ask too many questions. But you also have confirmation of narrative, and it's a signal — it's a catalyst.
Franklin wins first SEC clearance for tokenized assets. Benji money market fund now usable as collateral.
Robinhood and Kraken heat up. Everyone is now using the trading app for memes. It's a cat season. Cash Cat — let me check. Up and up and up and up. Bull trend. Again, we don't ask too many questions if it's bull trend. Bull trend is bull. If you are trading while Bitcoin is not yet in a confirmable trend, personally I'm not really involved in too many memes. But if you want to be involved, stick to the big ones like Cash Cat, because everything else is likely a pump and dump.
Even when Bitcoin flips bullish, you remember in the last meme season, most memes went down. There was that kid who was rugpulling live. Even in a bull market it happens. But in a bull market you just have better risk-reward that it actually continues to the upside. So that's that.
The stock market is a bit hesitating. People are discussing whether yields will threaten the spending boom, because when yields are high, capital is more expensive. Treasury one trillion dry powder promised by Scott Bessent — we did discuss that.
AI hype is kind of stalling out. You see on the charts many of them went to bear trend. The time to be bullish AI was Q4. Now it's time to be bullish crypto again. To me, AI is more or less, for now at least, a finished trade. And again, I'm just a humble market participant. Should all of these AI stocks go into bull trend, which they may do, I'm bullish again. But for now, looking at many of them, it's bear. It's bear. It's bear. And they continue to be bear.
Meanwhile, while you see all of the bear stuff, you have a new bull in Solana. You have a new bull in ETH.
BNB — new bull. BNB, normally once it starts pumping in a bull market, it's not bad. Historically very strong in bull markets. It had a bit bigger dump than, for example, Tron. Tron did not dump too much, but BNB dumped quite a bit — from the peak to the bottom, it dumped 60%. So it did have quite a good retrace, which could be good.
I would rather be in cryptos than in stocks currently. Regulatory news — some SEC, some Clarity Act stuff. We'll see when it happens.
Gaming — nothing happening. Kagi, Immutable, off the grid — nothing's happening in gaming.
Q&A — Ethena, Stablecoins, and the FTX Bankruptcy Experience
Let's go to Q&A.
First question from AK: "Ethena — if USD becomes a major global crypto dollar, ENA could be an early bet on the infrastructure behind it. What's the biggest flaw in this thesis?"
Well, I think the biggest flaw is that you focus too much on the stable coin narrative and the global crypto dollar angle. Don't worry too much about whether they're going to be the dollar or not. That's the biggest flaw in your thinking. Now it's good that there is a story, because you see it's justly bullish. So you should focus on that instead. It's justly bullish and it's probably a real, organic pump. Probably they have community. There's some stable coin. Yeah. To me, the stable coin part is a bit secondary. It's so easy to do this narrative.
Can it depeg? Let me see how their stable coin works exactly. Is it backed by dollars or backed by an algorithm? Someone deposits crypto collateral. Ethena mints an equal USD. At the same time, the protocol opens a matching short. Okay. Yeah. I mean, hopefully it works. They probably have smart people who have been working on this.
Personally, I would not put money here, guys. It's a mechanism — this and that. It has pros. There is no bank account that can be frozen behind it. At the same time, when you look at the picture in the US — how far stable coins have come, how unlikely the US government is to just kill them — you have the GENIUS Act. USDC, even USDT, is in the US.
Now, if something happens to the issuer — even in FTX, I lost money. I lost my ETH in FTX, but then I got more dollars back because ETH actually dumped, so I got more. So I have now a full end-to-end experience of bankruptcy in crypto. And you know what my experience was from being part of a bankruptcy in the US? I don't wish to be part of it again, but I can tell you the experience was kind of nice. Being a creditor in a bankruptcy in the US — it was quite okay.
Now imagine you are in Terra Luna where the whole thing just depegged and it's all on chain. Who the hell knows where it went. Some hedge fund traded against it. The hedge fund has all the money because it's just market dynamics. If you bet against the mechanism and the mechanism breaks, you as a hedge fund or institution that bet against it get to keep the profit — like George Soros kept all the profit when he broke the British pound.
If something happens to USDC, I'm a very respected person. I'm a creditor. We're going to go to US court. We're going to figure stuff out. In the Bernie Madoff case, in US court, they got all the money back. It took some years, but I can tell you in Terra Luna, no one's getting anything back.
So I'm just being fully upfront with you about how I'm thinking. Some people will just tell you, "Oh, all in decentralization, all in this and that." But I've seen both sides of the story. You have something that breaks and it's fully on chain — some DeFi thing — no one knows anything. And then I had the experience where FTX went bankrupt and man, I got contacted. They told me, "Mr. Creditor, Ivan, please sign this paper. We're getting your money back." I said, "Okay, sign it." Then they said, "Mr. Creditor, where do you want your money? We have it." I said, "Send it here." They said, "Mr. Creditor, we have wired the funds." I said, "Thank you very much. I have now more funds than I lost."
So yeah. There's no perfect anything. This bankruptcy was good. Maybe another one is not good. Maybe it can depeg. Conclusion — don't become a fanatic. Just trade the trend. It's bull now, so it's good. If it's bear, you're out.
Q&A — Cosmos Hack Vulnerability, Solana Targets, and V-Shape Recoveries
Some questions about what to do with Bitcoin — should you go all in? Re-watch the stream. We discussed Bitcoin in depth in the beginning.
Guzman is asking: "Ivan, did you see that Cosmos asked all chains building on Cosmos SDK to halt their validators because of another hack vulnerability?" I haven't seen that. Let me ask the AI and see all the tweets instantly.
Harsh is asking: is Solana $230 possible? Solana $230 was our bear target dream. Our sweet summer child dream. If the bear would continue — let's say if it got rejected here at $80 — it would be going to $30. But now it's bull trend. So all of the bear targets are out. They're out of the picture, Harsh. You can probably buy back your car if we go back to these highs. But Solana to $30 — it was our wet dream to buy so cheap. We had two buy scenarios: one was we go to $30, another was bull trend. And it is bull trend here since around $93.
Man, Harsh, how are you doing? My car is coming soon. Harsh, you were a bit grumpy there in the bear when Solana did not do good. You had a bit of an emotional situation. But now everyone's happy. I love that. I would rather Harsh be happy than for us to buy at $30, to be fair. But buying at $30 — it was our wet dream. Now it's bull trend. The bulls got in control.
We're just humble observers. It's bull trend, we're bullish. That's it. For some people, they don't understand. They're like, "How can you be bullish? You were bearish last week." Yeah, now it's bull trend. It's simple. Just like back in September we were speculating that maybe Bitcoin is going to go to $200K, and then in October we said we're stopped out. So yeah, if we need to get out of here, that's it. When the situation changes, we'll change. Now it's la vida loca. La vida loca for Solana. La vida loca for Bitcoin.
Virtuals — let me check. Not bull yet. Yeah, it's a bit of a fake-out here. You have 0.86. Let me check if the two-week chart is cleaner. Yeah, one week is good enough here. 0.86 — the bull flip is the flip level.
Do you think it's going to be a V-shape recovery? It's not a V-shape because a V-shape is after a fast fall and fast recovery. Here we've been falling since basically Q4. So it's not a V-shape. Let me show you a V-shape. V-shape was in COVID time. Here — you have a high, then a bottom in like the first week of March, and then you're back in a few weeks. This is V-shape. This is what the bulls hope for each time Bitcoin falls. You remember in October when we said it's time to pack up your bag, go away from crypto — the bulls said, "Oh, it's going to be V-shape." Because we fell so quickly in October. We said V-shape is an exception, guys. This barely happens. It happened in COVID one time. People remember it. They think it's always going to happen the same. But no, it's very, very uncommon.
So it's not a V-shape by definition because we had such a long fall. Now it's more of a — you could argue that we've built the bottom here since February. Since February, we've been more or less sideways. So if we confirm the bull flip here, I would say yeah, it's quite a good bottom. And you see also here in February we came very close to the 200-week Moving Averages — very short, but it again showed that the 200-week Moving Averages is quite a good signal that more or less somewhere here is the bottom.
So we said here it's still too early, but once we went actually below the 200-week here, we said time to accumulate, time to be bullish, time to start deploying. And the big bucks we deploy when we go bull trend. So yeah, Bitcoin has been quite standard actually. It peaked out here in October. It's been down for almost a year. It bottomed out at the 200-week Moving Averages. It's like all of the checkmarks. So yeah, but listen, we're just humble. I don't want to get too much hubris. But yeah, it's been very standard. Been very nice.
Q&A — Moving Averages, Elliott Wave, and Keeping It Simple
What about the 50-week Moving Averages and the ABC pattern? I don't worry about that too much. There are a few big Moving Averages. You can argue that the 50-week Moving Averages is a big one also. In Bull Mania, we have all of these different ones. Most of them are not super useful in a bear. In the bear, you have the 200-week super useful for Bitcoin. Now, for example, you have this orange one — you can argue it's a bit of resistance, but it doesn't matter too much. If it closes bullish on the money line, that's my signal.
For Bitcoin in particular, the 200-week Moving Averages is what you need to worry about. The other ones you don't really have to worry about. That's practically how I work. On other assets, they may be more important.
The less stuff you have — you know, some ABC pattern, people have Elliott Wave — there are so many different things. The problem with Elliott Wave or ABC is that you can draw them in so many different ways. Someone will say, "Actually on Bitcoin now, it's wave A, wave B." But the problem is you can draw them in like five different ways. And it's not because you're bad.
When I started trading, Elliott Wave was actually one of the early things I learned in technical analysis. I was like, holy Elliott Wave! I count A, B, C, bum. One, two, three, four, five, and I make free money. I thought, man, it's amazing. In the tutorial I watched, it looked so easy. The guy was like, "Oh, one, two, three, four, bum, wave five." I'm like, man, it's amazing. That's all I need. Trading is freaking easy. Warren Buffett, here I come. I'm gonna count the waves. Then you open charts. You're like, man, is this — do we count like this or is it a bit down? Is that a separate one? It's impossible, guys. It's impossible.
If you've been trying to use Elliott Wave or this ABC or whatever and you've been unsuccessful, I have news for you guys — you're not dumb. It's just not that helpful. I realized pretty quickly that it's not a good thing. Instead, I love the trends. That's why Bull Mania is just trend-based. Trend-based is the best. Bull, bear — keep it simple. And then sometimes you have additional things such as the 200-week Moving Averages, which is so nice, it's the long-term Moving Averages. Don't complicate.
So I never count waves or whatever. I just know: 200 Moving Averages is cheap, and then you have bull and bear. And guys, I can tell you for most things, that is more than enough. To know whether it's bull or bear, and then if it's super cheap at the 200-week, you're good. But then of course here you need to know how to enter, how to exit, how to set stop losses — we have a full eight-hour course on all of this in Bull Mania that teaches everything in depth.
Elliott Wave — goodbye. Goodbye to your money. Goodbye. I mean, for me it's been like that. Obviously maybe now, for example in Bitcoin, maybe in these cases it makes sense. It's so easy here — one, two, three. Yeah. Sometimes some charts are freaking easy, like Bitcoin. Bitcoin is actually one of the easiest charts. You see how clear it is — down and up, fake out, down and counter trend, down and reversal. So maybe in Bitcoin someone can make it work. But yeah, in most cases — let's say here — how the hell do you count it? Is this one or is this one? Don't bother, guys. Don't bother. They overcomplicate too much.
You need to know the trend. The trend is your friend. Trend is bullish — people are piling in, momentum, psychology of greed, you're part of that. No matter what the fundamental is, if there is momentum, people are putting money in. You want to be part of that. That's it, guys. That's it.