$SUI $LTC $EIGEN 🎯 My BUY & SELL levels

Hi everyone, welcome to today’s altcoin bible. If you want to watch the full version of this episode where I dive into bitcoin and the calamity unfolding on that chart, which could lead to the altcoin market rolling over yet again, make sure to become a newsletter subscriber. You can get access to that every single week.

I’ll also be dropping my newsletter tomorrow and I think it’s best if I look at Opportunities. So charts that I really like to look at because I am being so ruthless and hyper vigilant in parting with my Bitcoin or anything outside of that because Bitcoin is beating everything over a longer period of time.

It is just killing everything and you are taking a lower risk profile by being in Bitcoin, whereas if you’re going in altcoins, you’re taking more risk and you’re getting hammered. So what is the point?  Just want to hammer that home for everyone watching. I’m a full Bitcoin maxi at the moment. I have some tiny altcoin positions based on the ICO buys.

From a long time ago, but my portfolio is essentially 95 percent Bitcoin, so yeah, that’s how I’m viewing the market right now. It doesn’t mean you can’t reinvest in some of these altcoins on your watchlist ever again. In fact, I’m very vigilant to have those levels above, which I have alerts set, so you can let the market come to you, and you can get back into the market when there is a strength returning, and you can be more confident that you are going with a new trend that’s up.

Currently, it’s just down for altcoins. So just be aware if the volatility is  cutting you up, you’re feeling emotionally really affected by it, that’s a surefire sign to tell you that you are too overexposed to risk. You need to look at that analyze it, and maybe make a decision of where you’re at.

Because we can do three things. We can play dead and hodl. Two, we can panic sell and rage quit. Well, three, we can pivot our strategy, and it’s so important to recognize that if you want to be in this space and, you know, outperform U. S. dollars, you want to go in and outperform, or I guess you want to make more money than when you went in with, that’s number one, you want to outperform U.

S. debt, you want to outperform stocks, commodities, real estate, other safer assets that you could have gone into for coming into this space, and three, you may want to make more Bitcoin, or it’s I guess a mixture of the four. It’s up to you. If you’re not doing any of those, Then we have to step back and go what I’m doing isn’t working.

I have to change my approach So if that resonates good, you know, if not, that’s fine. You make your own decision here, but it’s just what I’m seeing It’s what we’re advising with our mastermind clients. So  Let me get into the charts real quick and we’ll just have a quick gander  Far and away the best chart in crypto right now is litecoin This is the USD chart and it’s like nothing has happened It’s like there’s no volatility in the rest of the market or Bitcoin, you know is trying to Roll down to 92, 000 Litecoin’s very, very close from breaking out of this downtrend against USD.

While the urge is to get into a position now, and I think you can take some risk here, it is a hard sell when you see Bitcoin, you know, pulling down towards the bottom of the range. There’s every chance here that this gets knocked on the head and we come back to it a little bit. further down, but ultimately the level I want to get interested in is about 136 that flip level there because that to me would signal a breakout and I want to see it sitting above there and then you know she’s off afterwards.

So  that’s what I’m watching here after that I think the 200 level psychological level 200.  It’s definitely on the cards. And then we might get to the peaks over here that we’ve seen in the last bull market cycles, you know, around 300. We’ll see. This is all based on the ETF hype and the narrative coming in.

I’m just a little bit cautious around that because it’s been a by the rumors, sell the news in essentially Bitcoin and Ethereum. So you just want to be very, very careful you know, around that or holding it on, you know, holding onto it for too long, thinking that the ETF is going to be continuously bullish through.

through the Litecoin is likely going to be the first cab off the rank in terms of the altcoins that gather these. Yeah, according to Bloomberg. So that’s something I’m watching. But this USD chart looks phenomenal. Also on the Bitcoin chart’s already broken out. So I think the Bitcoin chart is actually leading the USD.

So this is a very interesting spot  to get interested. So yeah, don’t mind Litecoin here at all. I think it’s a very clear cherry ripe. Now my danger zone, this might surprise a few people, is Sui here. And I’m using Sui because so many people are watching, including myself.  Now, Sui has closed beneath a pretty important support level.

It’s also ducked back beneath the downtrend break. So I broke out of the downtrend here, it’s now come back inside of it, which isn’t ideal. And it’s testing this, sort of, final support level here. This is looking pretty weak to me. There is a bullish divergence emerging on here, but I really want to see this back above 350 ASAP.

Otherwise we’re coming down here to test out this 200 day moving average. And that might not be the end of it. Pull out a Fibonacci retracement and we could go a little I think this is probably right. If we hit the 200, we’re probably going a little bit lower to maybe 2. 60, that type of region.

So that’s what I’m looking at here. That’s my danger zone. If the market is weak, then  this here just looks like a dead cat bounce into overhead resistance and the south’s sort of rolling over. So, just want to be really careful there. There’s some uglier charts out there as I mean, this looks terrible.

This is h bar. It’s just been a constant. Lower high all the way down  and it’s sort of snaking that it wants to sort of crash down here. I don’t know if that’s the case. We could get a relief bounce sooner or later, but this is just so heavy after it had its own ETF.  So  878%. This, this is just, should just grind and bleed a lot lower in my view.

And the Fibs here, you know, 18 cents, 15 cents 12 cents. So we’ll say, unless Bitcoin has a full reverse, a lot of these charts are going to look pretty bad. And they’re sort of as short as paradise at the moment. So yeah, those are the levels there. I won’t do upside levels for HBAR or SUI.

If we go to Eigen,  Eigen’s actually my wonder watch. And the reason being is  I’ve seen a bit of strength from Ethereum of late and it’s nothing, you know, that you’d make you invest in it or do anything with it. But I’ve seen a little bit of strength there over the last few days and weeks. We’ve been seeing percentage points gaining on Bitcoin.

We’ve seen, you know, it recover faster. We’ve seen, again, the rebound is interesting, but it hasn’t had that decisive move. I think that’s important to remember as well. We don’t want to move into anything. But Ethereum is such a  bellwether in this market. It’s going to be the most hated rally in crypto when it actually does fire.

Eigenlayer is a ecosystem play on Ethereum and I’ve been watching it closely because when Ethereum moves, Eigenlayer generally outperforms it. So it’s like a good beta play and Eigen makes sense because it’s the staking protocol I guess on ETH.  What’s interesting to me though is it’s starting to look a little bit bottomy here.

We’ve found a much lower level at huge volume support. We’ve got a really aggressive move up in the RSI while price action is trying to go lower, but it’s found a bowl and it’s trying to recover. I wouldn’t be bullish on this until you know, we see a move maybe like that, but ultimately it’s this level here where you can have the most confidence because of how crucial this support level was, which we, you know, used it here and bagged into it like a massive resistance on the backside.

But if we can flip that, I’m thinking things are looking a lot rosier a lot rosier. And if this starts moving, then I would assume Ethereum is beginning to move as well. I think that’s an interesting thing to watch and we’ve been seeing a lot of strength lately in the ETH versus SOL pair. So Solana is now getting beaten by Ethereum in the shorter term.

Also beating SUI in the shorter term, although SUI’s chart looks a little bit better, but I haven’t checked it after today’s price action. So yeah, there is some strength around. So if you’re seeing Ethereum start to beat some of these lower ones that have been quite strong for a while, then it could be the start of something larger.

Again, I’m not, not throwing, not saying that it’s going to do the full reversal now, but the the FBDC chart, if we get above I think it’s 0. 04 that would be I guess the first higher high that Ethereum’s made. So that’s the kind of thinking I’m looking at. If I want to part with my Bitcoin or my USD, I need to make sure that this is a, I’m paying, happy to pay a premium to get more information above, but yeah.

and more confidence. I don’t want to take the risk at the moment, you know, getting the discount. I just don’t care. It’s too dangerous catching these falling knives in this market right now. The trend is very, very clear. So guys, I hope you have enjoyed this episode. Hopefully you’ve enjoyed me being really sober about all this.

Again, this is just the market where you just have to play it as is. There’s always opportunities in the market whether you’re longing, shorting, or just investing. Always opportunities. There’s always planning to do. There’s always positioning to do. Just at a high level though, I’d be watching the level of 92, 500.

What if we start to see some data flows just beneath that that’s when I think we, we potentially go down to lower 80, 000 and a larger move, which, you know, hopefully is the resolution of this this phase. So guys, hope you have a wonderful day and we’ll catch you next time. Bye bye.