This is Unlike ANYTHING Crypto Has Seen Before (i got it wrong)

On Bitcoin

Guest Dennis · not counted as Altcoin Daily's view.

Views

• Next months (next 2–6 months): Sideways (timeframe is our reading): either it's choppy or, you know, you could see some more downside if people react negatively to anything else. ▶ 04:45
• This cycle (next 6–18 months): Expects down: my target is um low 50s. So, uh that's not saying like I don't hold any Bitcoin. I hold a lot already ▶ 06:53

If this, then that

• If another FTX-level event, then 50k (this cycle): if we have another FTX level event, we're looking at like 50k just under, which I think it's unlikely. ▶ 07:47

Levels named

• 59k: Support (200-week SMA bounced in 2015 and 2018 cycles): 2018, it dropped there, it bounced. So, that level right now is at 59k. ▶ 07:23
• 50–59k: Support (zone at and below the 200-week SMA, which he calls his buy-aggressively sweet spot): anything below there from 50 to 59, that's like my sweet spot to say ▶ 07:58

Their own position: Holding. I hold a lot already and I just continue to DCA

On Ethereum

Guest Dennis · not counted as Altcoin Daily's view.

Views

• This cycle (next 6–18 months): Leans down (timeframe is our reading): I think long-term you're I'm probably better off like just placing heavier bets on Bitcoin. ▶ 13:09

Their own position: Not said.

Dates named

• US midterm elections, undated: shortly after the midterm election month, the markets draw down.
• No Fed rate cuts until new chair Powell has a couple of FOMC meetings, mid-May, undated: the fact that the Fed is unable to act at least till um Jerome Powell comes in and he has a couple of FOMC to under his belt.
• Clarity Act, undated: This Clarity Act is especially interesting for alts, not for Bitcoin.