Dear Friends,
My intention for this series is inspirational, educational and perhaps more as a rarity, entertaining. Ideally, all at once, excluding none. My philosophy in trading, investing and all of the above is that if you are not feeling excited about what you are investing in, even if you make money, you lose. Life isn’t meant to be dull. Fuck that. So either love crypto, investing and all that we’ll discuss on don’t bother reading.
Coffee & Markets. I love Coffee. And I love Markets. Combine the two? That’s what the sign reads. So hold to your horses and please, please, share your oughts-and-thoughts, the values-found, and the laughs-received with me.
This is but a short introduction, to state the case, my plea. You like it? Good. You love it? Better. Don’t like it? Tell me why since I am not perfect and down to learn (or sod off). Cheers, enjoy the ride and make some $’s!
A brief introduction to my journey thus far. Since, if you take the time to read this series, I’d like you to know what my path was so you’re not indulging into my ‘decent’ writing where my analysis might be garbage, and vice versa. The world of finance is mostly filled with bullshitters, thieves and frauds after all.
My first experience with Bitcoin, and thus markets in general, is browsing the dark web as a 15-year old, with Bitcoin trading at around 200$ at the time (Yeah, yikes!). I downloaded a wallet and was amazed at how easy it was to hire assassins and buy guns or drugs. I tried mining bitcoin, but didn’t persist. Lost the keys to that wallet as it appears.
Some years later, Q4 2017, one of the maddest bull markets crypto has seen thus far and the first time Bitcoin hit 20k$ (December, 2017), I entered with money. I was very, very much on the retail/kicked-in-the-ass side of it. Every idiotic FOMO trade brought me closer to my self-dug grave. I had about a grand in and lost most. Gave up, left whatever was in there with a sore heart and wounded pride and tried to forget.
Three years later. Last but not least, my friend handed me a copy of ‘An Altcoin Trader’s Handbook’ by Nik Patel (@cointradernik on Twitter). I forgotten crypto for the most part, not so much sore, more angry now I was determined. I was at a time in life where I wanted a profession that gave me freedom, independence and self-reliance. So I read it, re-read it, prayed to it. Currently sitting in a shrine in my house with candles lit day-and-night.
Jokes aside, he’s a legend for writing that book and sharing what he knew with all the hungry crypto teens, who too often follow the advice of some crypto-twitter guru cunt. Most in-the-know’s out there hoard their techniques and just flash their mad cash and massive sausages. A detailed account on how to make big bangers in the crypto realm with consistent results is a rarity. I have been working his methodology ever since and most of this series will be mirror other’s methods with my own insights. To be clear, I take no credit for any of it.
My second mentor, although slightly less humble than Nik, is Inner Circle Trader (Formerly @I_Am_ICT on Twitter, Actively @InnerCircleTrader on Youtube). For most technical analysis Nik refers to ICT for guidance, and justly so. Markets are manipulated algorithmically. Price is engineered. ICT is a master on the study of price engineering, commonly called price-action theory. That about sums it up. My journey since February 2020 consisted of diving into Nik’s and ICT’s content. I did not re-invent the wheel, I’m just cruising it to my financial freedom.
I invite anyone who bothers to read this to dive into both Nik’s and ICT’s content. However, I believe in teamwork. Thus I am here to share my weekly, monthly or whenever-really analyses with you in the hope they are of benefit. I feel confident enough to have my own view at this point, and my account balance says I should be since I am in the green, which is all that matters in the end.
Yours truly,
Cyril
