The Waiting Game: Navigating the Crypto Waters
Patience, Profits, and the Upcoming Whale-Sized Opportunities
Overview
đ° Â Â Â Â Patience is Key, But...
đ   Swim with the Whales
đ Â Â Â Â Next Trade
âď¸ Â Â Â Â Whale stories
𼠠   Whale Roomâs Take
Patience, patience, patience. Iâve heard it a million times, and I'm sure you have too. But letâs be realâsometimes the waiting game starts to feel like a drag, and you just want to shout, "Up or down already!" Right now, Bitcoin (BTC) is retesting its 50-day moving average, and the structure is holding steady. Itâs like weâre poised at a crossroads.
On the weekly timeframe, BTC is forming a classic cup and handle, approaching key supportâa place our beloved captain calls the "golden pocket." Stay sharp, folks. The next move could set the tone for everything that follows.
We saw it this week: news from Iran caused a sharp flush, wiping out $1.2 billion in BTC open interest. The selling frenzy seems to have calmed for now, and several altcoins are sitting at key support levels. Itâs time to start digging for gold, but let's take it easy. Keep your position sizes manageable. As we know, October typically picks up steam a bit later in the monthâand I know you degens are itching to leverage up
What we want to see here is BTC forming a higher low. Stay tuned, and stay attentive to Bitcoin's price action. It might just make your patience worthwhile.
The fear and greed index is hovering at neutralâbut only barely, considering we were in the fear zone just yesterday. We'll be hanging out in this neutral territory for a bit longer, with Bitcoin accumulating and the whales lurking beneath the surface.
Remember what I said yesterday: historically, Bitcoin has a stellar track record in October, with even better action in November and possibly even December. But it's still early days. So, take a breath and watch for the altcoins that are sitting comfortably at support.
The Total Altcoin Market Cap (or "Total 3") has broken above its trendline and is currently retesting it. This is definitely a positive sign! Let's just hope it holds, because this is the move we need.
In uncertain times, BTC dominance never fails to take center stage. Thatâs why I'm urging you all to "start digging but keep your size small." BTC dominance is approaching that infamous 60% level, and if it rejects there, we could be looking at capital flowing into altcoinsâsetting the stage for the long-awaited major rally.
But let's not get ahead of ourselves; this is a weekly chart we're talking about. It might take weeks for just a few candles to form, but waiting patiently could be sweet, sweet profit.
In the meantime, ETHBTC remains a sad story. BTC is still stealing the limelight, and as BTC dominance heads towards 60%, ETHBTC will likely find support around 0.036722âa level pinpointed by our captain. If you watched his show today, you will know! Weâre all watching and waiting for the tides to turn.
đ Swim with the Whales
While weâre in this holding pattern, our scalpers are out fishing for smaller opportunitiesâscalps, my friends. Tons of them. Remember how Christo, Josh, and Farouk dominated September? Theyâre already crushing it this month like theyâre in the eye of a storm.
Just today, those who followed Christo Columbusâ trades made serious gains: STX (+145%), APT (+186%), People (+163%), and NOT (+106%). That's not small fishâthat's prawn and caviar!
Farouk, our "Sea Scalper," snagged incredible wins in September: PEPE (+22.37%), WIF (+25.71%), CKB (+27.35%), and FTM (+31.14%)âand those are just four out of 21 successes. And if you used leverage? Well, you can do the math. Today alone, weâre in three more trades!
And then there's Josh, our steady navigator. A whopping +472% on Popcatâenough said. He's not the loudest voice, but when he speaks, we all listen.
I mean. Just look at this. This is what Iâm talking about. Our members in the Whale Room are doing just great! Amazing results, right?
Want to get these trades? Join The Whale Room
đ Next Trade: Eyes on Flare
Surely your mouth is watering by now. So let me give you something: a trade idea ready for you to sink your teeth into. High-risk bet on $FLRâprice might dip into the red a bit, but we're expecting movement soon.
Entry: 0.0157
Stop Loss: 0.0147
Dive in now, or DCA into it. Letâs see how this plays out!
âď¸ Whale Stories
And while we're waiting for the big moves, letâs hear from some of our community members.
âHi TerriLyn, please pass on my thanks to Kyle, Chris, Josh, Thales, Farouk & anyone I have missed in the Whale Room. I joined at the end of July, and the content & value here is absolutely amazing. All the traders are so helpful and give their time to pass on their invaluable knowledge. I am so pleased to be a part of this group. The Whale Room is just on another level!â
Feeling inspired? Join us in the Whale Room! Weâve got insights, trades, and a crew of experienced sailors ready to guide you.
đď¸ Treasure Chest
A few posts on X caught my eye, and I had to share them with you:
Matthew Sigel's eye on gaming tokens: Sentiment is breaking out for the top 30 gaming tokens & protocols.
BSCN Headlines' DeFi News: Brazil is adding DeFi elements to its upcoming CBDC âDREXâ.
Virtual Bacon on Visa's Tokenized Asset Platform: Visa launched VTAP for managing digital assets.
Dr. Martin Hiesboeck on banks and digital assets: Banks worldwide will next year start live trials of digital assets on the Swift network.
đĽ Whale Roomâs Take
Hereâs the bottom line: October is the month to be ready and gather the tools for whatâs coming. Bitcoin is at a pivotal level, the macro environment is shaky, and altcoins are at support. This is the time when true degens stay patient and focus on finding quality setups with a measured approach.
Whether it's scalping the "small fish" or betting on BTC's next move, there are opportunities all around us. Just remember: the big fishâthe major rallyâcould be just around the corner. And when it comes, youâll want to be in the right place at the right time.
Join us in the Whale Room and letâs catch these waves together.
See you all tomorrow! đ
