They're making money, so be savvy. Be savvy, just know that if the trend
goes with the trend cause the trend is always going to be your friend.
Now the bread brothers. You've been in your I can see you in the
audience and if teen noobs men are love for you guys to jump up, have a
say ask a question. Just say hello, shoot through a request man. If you
guys are willing to but the bread brothers have some pretty good insight
as well. And I love the content NFT noobs create. So shout out to you
boys.
Easy, now it's all good. So alright, so I'm going to ask
the audience if you guys want to. If you guys have any questions for me
to answer, I'm happy to answer any questions for you. I'm going to
probably wrap it up, but have a look at what McKenna has posted up here.
This is the Wall Street CHEAT SHEET, the psychological map of how our
human emotions are affected by the the the markets, whether it's the NFT
markets, whether it's the cryptocurrency.
Rockets just
understand that this here is repetitive and it happens over and over
again, and so right now we are entering a bear market phase. But like I
previously said, this is a trader's market. At this stage, bread
brothers tell me how are you doing.
From the bread bowls. How are
we doing tonight boys? Man, I'm absolutely loving the spaces that you
did doing here. Max, it's you dropping all these alpha. I hope
everyone's picking up. I hope everyone's following back so don't forget
to follow Max and everyone who's up here as well.
Max the
question that I want to ask is I know you guys touched on the
macroeconomics and the emotional side of it. But on the long-term side
of things, there are a lot of people who are still unsteady about what's
happening now. I know that a lot of people waiting for the long term,
but what's your projection on the short term for a big quote? I'm sorry.
Are you probably covering this, but I was right, I just came right at
the end.
Not a problem, not a problem. It's a good question. It's
good because there are a lot of new people here that have just jumped
on. Look in the short term my friend I honestly believe that this is a
trader's market so I would be staying out as an investor. Definitely
staying out and as an investor. I don't think that we have any size of
Bitcoin stopping just yet and you know, saying that 20,000 is the local
bottom. There is no evidence right now to suggest that I am a person who
waits for that eviden
And we can see that very clearly when the
charts present themselves. Now I think we're still a couple of weeks
away in order for us to kind of assess that minimum, maybe even a couple
of months, but it takes a little bit of time for a particular type of
structure to form to then suggest that this is probably the local bottom
now.
that being said there is still potential to the downside so
if we do break below 18,000 USD the next technical target is around the
$11,500 region so it can come down as low as that and if we break below
the $11,500 region the next technical target is around 7575 hundred USD
for bitcoin now could you imagine what would happen to NFT projects
into altcoins if that was the case and this you know mind.
Do as
well. This is quite a lot of uncertainty and there's no clarity around
it. You know stable coins. However, last bear market. This was the same
scenario in a situation that happened. The same sort of stories I heard
with USDT. So look personally though I do. I do still hold USD CI do I
do hold USDT as well because I use that for trading a bit.
The majority of my holdings are in cash right now, right? It's actually sitting in my bank account, so I'm just. I'm just trading the markets at this particular moment in time and unfortunately, the next 12 to 24 months could be the bear market. Now within 12 months, we might see a local bottom happen. Now if we see that structure you know to occur, then guess what we're going to talk about it. You're going, you're going to, you know we're going to jump on the Twitter AMA spaces.
These guys are gonna know first and we're going to get into the crypto projects right at the bottom now. Mind you, you're not gonna get to know exactly at the bottom. You might get 40 percent, 50% even 100% off the bottom. But it doesn't matter because of the way the market is going at the moment. The next opportunity, I can tell you is going to create multimillionaires. I know the next bull market that is going to happen, I've got a lot more capital now to invest so I can't wait if Bitcoin comes down to 7500 bucks. I can't wait.
Also Read, What Are the Main Benefits of AirCoin?
Yes,
fine, no-no. I love what you're saying there, Max. Yeah, I've been in
the space since 2017. It's like history repeats itself. The FUD is still
similar a lot of the vibe is very similar. Then I guess the one thing
that I'm kind of looking at at the moment now is inflation. You know as
inflation is increasing, the investors are a bit spooked and they're not
going to come into play until inflation is under control. While this is
my own.
The control means investors are not gonna come into
play. That means crypto is not going to perform as well and the numbers
that you threw there are around the 15 to $10,000. If inflation is not
under control, I can see there are numbers happening there.
Yeah
yeah look, I totally agree with you on that. Um, at the end of the day, I
do think that there was going to be a recession from this. There is, I
can't see a way out of this. I mean the money printing is absolutely
incredible. What are they doing? In fact, you know, slow this down. I
have no idea what we got the was it the base points where it went up to
the highest that it's ever been in 28 years. 75 basis points in
short-term interest rates that that? That's ridiculous.
Um, so I
don't know. We'll have to have a look at that, but a few people in the
audience have got their hands up. Maybe you guys have an answer, so I
think Coach Sammy you had your hand up first. I'll be quick. Market
structure aside, Max, what's your number for Bitcoin that you're just
gonna go balls deep? Just the number? Give me the number your balls deep
number.
Honestly, dude, I'll be really, really honest with you. I
wait for structure, I wait for that. I've got a very particular way of
trading. If I don't see that structure. Irrespective of what prices, I
don't get into the market, I stay disciplined. I do not throw my win. I
wait for that structure because that has what is. That's what serves me
in the past.
You know, is just a trader's market right now. That's all it is.
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