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Showing 20 of 132 results by Ethan_Crypto
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Board Trading Discussion
Topic OP
How Charts Correlates with the News
by
Ethan_Crypto
on 22/06/2025, 21:42:09 UTC
For the traders here, have you noticed how negative news or narratives often align with the chart?

If you pay attention, you’ll see that just before a breakdown after several days of distribution, a negative news story tends to appear in the media, and then BTC dumps hard.

I’ve observed this pattern repeatedly, and I’m curious if it’s coordinated.

I’d love to learn more about this. Your opinions are welcome.
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Topic
Board Trading Discussion
Re: A SOL and a dream
by
Ethan_Crypto
on 21/06/2025, 11:21:26 UTC
Have you heard the statement that all you need is a SOL and a dream?

I used to see many screenshots of memecoin traders turning $200 into $10,000, $20,000, $50,000...

Are traders still manifesting those kinds of profits these days?

Did the era of memecoins end in 2024?

Just curious!

The time of Memecoins has not ended because they have not cease to be getting listed but although the only thing that shifted from Memecoins are people because a lot of people are no longer ignorant of the risk, so actually I believe if before the lovers of Memecoins was 100 percent but now I'm not even sure if is up to 40 percent of people who buys it, however SOL is not a Memecoins but an altcoin and definitely those who says they make profit from it consider it a coin they have been dreaming of while others who prefer a better one do not see it as something with such importance, so the only coin that's worth that is Bitcoin.

You are correct, I see many new memecoins still getting listed. I believe the hype is gone compare to how the hype was in the year 2024.
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Topic
Board Trading Discussion
Re: A SOL and a dream
by
Ethan_Crypto
on 21/06/2025, 11:18:00 UTC
Have you heard the statement that all you need is a SOL and a dream?

I used to see many screenshots of memecoin traders turning $200 into $10,000, $20,000, $50,000...

Are traders still manifesting those kinds of profits these days?
Meme coins do not end but their era of life is when they enter a cycle, but unfortunately the number and types of memecoins that are so many will make it difficult for you to find which one can give 100x plus the increasing ease of making memecoins makes scammers able to make it worse. There is no advice I can give about meme coins because in the end you just need to gamble at the casino, both are not much different right?

Right! It simple nothing but gambling, I wouldn't those who are focused on memecoin trading are able to get consistent win haha.
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Topic
Board Trading Discussion
Topic OP
A SOL and a dream
by
Ethan_Crypto
on 20/06/2025, 09:17:13 UTC
Have you heard the statement that all you need is a SOL and a dream?

I used to see many screenshots of memecoin traders turning $200 into $10,000, $20,000, $50,000...

Are traders still manifesting those kinds of profits these days?

Did the era of memecoins end in 2024?

Just curious!

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Topic
Board Trading Discussion
Re: Is this time different?
by
Ethan_Crypto
on 19/06/2025, 12:18:11 UTC
Without seeing the chart you are referring to, OP. All we can say are pure speculations and wonderings. But what I can say is that we can never expect the past bear season to be the same as the coming bear market. The same thing with the ATH.

If we see the price of Bitcoin go down $40k before, most likely it will not happen again. What we called a bull season in the past year seems to be our bearish price now.

Why? The demand is increasing for some reasons, pushing the price to move higher as well.

Are you real?
You are in BTCtalk, but you don't know the current chart of BTC?
You are in the trading section. People here should know the current price action and structure.
I don't know why others are posting here without checking the current BTCUSD chart.
Like OP said and my previous post, BTC already formed a double top.
Usually a double top on the daily time frame shows a signal for reversal. If you are not a trader, you don't know what a double top is. It usually happens even on short-term time frames; it's proven to be a signal for reversals.

Since you know that BTC can drop to $40k, it isn't impossible for it to happen again. We are not fortune tellers to know the future or what the price of BTC will be.
What we can do is analyze the chart and predict probabilities.

Well done and thanks for explaining that Double top is a signal for reversal
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Topic
Board Trading Discussion
Re: Is this time different?
by
Ethan_Crypto
on 19/06/2025, 11:50:02 UTC
The double top in 2021 was the result of FTX pulling a massive scam where they took customer funds that they thought were buying Bitcoin, and dumped them into various shitcoins.  Looking back at that and expecting a repeat here would be expecting another crazy fraudulent event to happen right at the exact same time in the cycle as last cycle.  I don't think that's very likely.  More likely we will continue to rally into September, get close to $200K, and then crash spectacularly once the S&P funds have all made their way into Bitcoin.

Okay. This is another perspective to be considered, thanks for pointing this out
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Board Trading Discussion
Re: Is this time different?
by
Ethan_Crypto
on 17/06/2025, 11:37:12 UTC
---
Do let me know your thoughts.
That's why I'm less optimistic right now that Bitcoin will reach as high as $125,000 or even $120,000.
That double top formation could mean 2 things. We've already reached the peak of this bull run, or it's just a normal movement and we will see still new ATHs in the following weeks or months.

I looked at the chart, and I didn't see the same bearish divergence that we saw when it reached $109,000 last January. If there are divergences being formed then that's a big sign that the market might be reversing, but so far we haven't seen it yet, so still it is bullish. At the end of the day, it will all depends on how people read the charts. That double top formation might be bearish for some, but for some, that might not be.

As for the Government and those institutions out there, they aren't superheroes where they will save the world. Cheesy

Interesting take! I will watch out for a bearish div like you mentioned and would use that to confirm
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Topic
Board Trading Discussion
Re: Is this time different?
by
Ethan_Crypto
on 15/06/2025, 21:36:33 UTC
Are institutions and Government demands on Bitcoin able to save the chart this time?

Do let me know your thoughts.

The institutional investors (yes!) and probably government regulations are making the market more stable now. So a bearish market might not be the same as before, where the price would drop significantly and take a long time to recover. This time, any downturn might be shorter. Earlier this year, we saw bitcoin drop below $100k, hit $70k, and now it’s trading strongly at $100k.

You have got a point but does that mean if BTC corrects, price still have a chance of getting to those low levels expected from the chart?
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Topic
Board Trading Discussion
Topic OP
Is this time different?
by
Ethan_Crypto
on 15/06/2025, 21:09:28 UTC
I read a blogpost last week stating that Bitcoin chart isn't bearish.

Although the Bitcoin chart appears like it's a double top formation on the high timeframe.

This was the formation it had before the breakdown in 2021.

I am just wondering if this time different.

Are institutions and Government demands on Bitcoin able to save the chart this time?

Do let me know your thoughts.
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Topic
Board Trading Discussion
Re: Wondering why trading takes so long time to master?
by
Ethan_Crypto
on 14/06/2025, 18:46:42 UTC
..
The market will continue to evolve all the time, that's why it takes a lot of time to master it, as most traders always say, it's an ongoing process. What distinguishes experts from beginners is that experts can make a profit not because they are always right, but because they know how to manage their funds well, compared to beginners, trading is more difficult than investing which only requires buying and forgetting in the long term. But from your experience OP, you already understand how to deal with the market and that's good, in the trading world being able to survive for a long time is already a victory.

Thank you for this. I have noted that it's an ongoing process and fund management is the distinquishing  factor for good and bad traders.
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Topic
Board Trading Discussion
Re: Wondering why trading takes so long time to master?
by
Ethan_Crypto
on 11/06/2025, 00:06:43 UTC
Mastery in trading takes so long because the trading market itself is so much unpredictable. It’s a game of speculations actually. And even if you can call yourself a master, still those inevitable mistakes and losses remain.

However, with mastered skills and strategies being developed, you get to set limits or minimize your losses, while you tend to maximize being profitable in trading. But for those who remain unfortunate and still suffering from constant losses, probably trading is never meant for them, no matter how much they tried.


Unpredictable market is really a fact and it’s inevitable. Thank you for your contribution
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Topic
Board Trading Discussion
Topic OP
Wondering why trading takes so long to master?
by
Ethan_Crypto
on 08/06/2025, 23:30:15 UTC
I have been trading for so many years and yet to be perfect in my trading.

Honestly, I can see lots of improvements  in my skill in theses past years.

I make some bad trades a few times, but I am still very much profitable compare to not knowing how to trade at all.

In my opinion, the market is very broad, dynamic and involves emotions, hence the reason it takes so much time to master.

Let me know you thought too.

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Topic
Board Altcoin Discussion
Re: I Swapped My Dogecoin Too Early, Still Regret It Today
by
Ethan_Crypto
on 05/06/2025, 22:26:16 UTC
You're not the only one. Mine, around 2016-2017, had almost 3 million dogecoin on faucets, plus someone sent me 5 million dogecoin. I traded it into other coins.
If I know that dogecoin could reach $0.68, I am already rich; even $0.5 should already give you a fortune with 8 million dogecoin.

I had many coins before, not only dogecoin, which I mistakenly traded for other coins to hold, but the profit from other coins is not as bullish as dogecoin and other coins that performed very well in 2021.

It's really tough to predict the future of some crypto currencies. I never saw that coming on Doge coin hahaha
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Topic
Board Altcoin Discussion
Re: I Swapped My Dogecoin Too Early, Still Regret It Today
by
Ethan_Crypto
on 05/06/2025, 13:15:03 UTC
Thought to share this with all of you, do you have similar experience?
No, I dont have, because I didn't pay much attention to altcoins.  I'm sticking to Bitcoin investment.
AFAIK, Dogecoin requires a huge amount before you can withdraw it from the faucet, which reason I don't have interest.

So you follow the steps of Craig Wright instead of Elon Musk? Grin (both coin promoters)
That's why I don't like altcoins, it's pure hype when big names promote them and create a buzz in the community.
Look at Dogecoin, which has been heavily influenced by Elon Musk's active promotion, while BCH's relative stagnation can be partly attributed to the absence of a high-profile promoter with high influence like Musk.

I paid attention to altcoins because I was not working then and altcoins was cheaper to buy than Bitcoin
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Topic
Board Trading Discussion
Topic OP
I Swapped My Dogecoin Too Early, Still Regret It Today
by
Ethan_Crypto
on 04/06/2025, 22:11:47 UTC
Does anyone remember those years when you collect thousands of doge coin from crypto faucet sites back in 2018/2019?

I remember I was new to crypto then and I accumulated lots of doge coins.

I made a big mistake by swapping those doge coins for bitcoin cash.

If I had held the hundreds of thousands of doge when dogecoin pumped to $0.7 I would have made thousands of dollars. I feel bad sometimes whenever I remember this.

Thought to share this with all of you, do you have similar experience?
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Topic
Board Trading Discussion
Re: Even After Years of Trading, I Still Bought the Top Today
by
Ethan_Crypto
on 01/06/2025, 21:39:49 UTC
Do you have similar experience like this?

You may have a long time experience in trading, but that’s not enough to call yourself a master if you keep making simple mistakes continuously, mistakes that could easily be spotted and avoided. You may be a master at trading for years, but making same mistake over and over again makes you not qualified to be called one. But if such mistakes happens ones in a while, then it can be called a mistake as you prepare to be more careful going forward not to make such mistake again.

Buying at the top is a very big mistake to make, because you’ll never be able to get your initial capital you’ve invested in that token again. This is a very big mistake because if you’d use some amount of money that is too much to be risked, and hope to benefit big from this and it fails, it may take you back to square zero just because of this little mistake of not reserving properly before investing. Every trader makes mistake, but many can be avoided when proper research and approach is make to invest in any type of token or in the case of trading.

You are very correct. This king of mistake is very avoidable. I will make sure this doesn't repepat. Thanks
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Topic
Board Trading Discussion
Re: Even After Years of Trading, I Still Bought the Top Today
by
Ethan_Crypto
on 01/06/2025, 21:33:31 UTC
All traders are still susceptible to mistakes and losses, as even professionals and expert traders still experience losses at times. And that’s fine, as long as we also take chances to learn from our mistakes and grow.

Whether you chose to trade with altcoins or stick to bitcoin, believe me profitability isn’t on the coin itself. It’s on how you manage your trade, and execute your skills and reliable strategies in order to achieve profits. Those who are still at loss consistently only mean one thing, they aren’t good traders yet in the making.

I find this comment very insightful and educative. I have learnt from this. Thank you
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Topic
Board Trading Discussion
Re: Even After Years of Trading, I Still Bought the Top Today
by
Ethan_Crypto
on 01/06/2025, 21:27:11 UTC
It's easy to be caught up in the hype because Bitcoin was bullish for sure and for those quick profits anybody would have bought...worse off if you are using the DCA strategy it overrides these rules of buying the top, so don't be hard on yourself  Grin

If you are a hodler you can still breakeven sooner or later as price hasn't dipped so deep far from the All Time High, so room to correct this mistake is still present.

Goodluck mate .

Thank you brother. Honestely I felt terrible still making this kind of mistake. I won't be hard on myself anymore I promise
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Topic
Board Trading Discussion
Topic OP
Even After Years of Trading, I Still Bought the Top Today
by
Ethan_Crypto
on 01/06/2025, 20:25:50 UTC
After several years of trading experience, I bought the top of an altcoin again today.

I made a trading mistake, and I wonder how come I haven’t grown past this stage in trading.

I thought I have learnt how not to FOMO, I still fell for it even after been a trader since 2020.

I wouldn’t have bought the top if I took some few minutes to check the chart. At least the daily chart would have given me the signal.

This shows that even masters makes mistake sometimes.

Do you have similar experience like this?
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Topic
Board Bitcoin Discussion
Re: Bitcoin treasury companies
by
Ethan_Crypto
on 28/05/2025, 19:36:40 UTC
I’ve been keeping an eye on Metaplanet and MicroStrategy, I love how they’re leaning in with conviction.
It’s not just about stacking BTC, it’s about reshaping how companies think about reserves and long-term value because companies stand to benefit greatly from BTC price appreciation on the long term. Having BTC as reserve funds is a good strategy for future gains