Since the market had a major correction and sell off I started buying dips on certain tokens like Avalanche and Aster. Both have had significant mindshare recently which means ultimately that there will be more trading volume and more attention paid to these tokens. I was trading WLFI which I think is actually a lower risk play considering it seems to be near a bottom However there's the off chance that it completely sells off to around 15/16 cents. However since then WLFI has listed on Robinhood so I think the dump off risk is eliminated along with ETH returning to around $4k. For me there doesn't seem to be as much volume as the other tickers I am about to mention. Therefore I chose Avalanche and Aster be the tokens I swing trade. So far I've made around $1k yesterday on Aster and $1,300+ (closed trade right after this screenshot) today after selling off and rebuying the dip. Avalanche I am currently sitting at a loss but I am DCA'ing slowly as it continued its dip. With Avalanche I'm not trying to time the bottom but rather use a different strategy here. So I have Aster to swing trade and the attention/hype that it currently has to buy the dips and sell off on the pumps and possibly look at a another entry when it decides to correct. And with Avalanche I am basically treating this as a true major altcoin that I think will do really well in October and treating it more like a long term play. However I did have a small gain last week on AVAX on a day trade. I am going to document both of these strategies here in skool.

AVAX has some historical highs in terms of transactions, DEFI volume, RWA’s and stablecoins values hitting either previous all time high levels or about to hit record highs. Avalanche is also raising $1 billion for DAT‘s to acquire more $AVAX. Just a few days ago PayPal has announced it’s stablecoin is launching on Avalanche. Meanwhile, Japan and South Korea also have stablecoins launching. Furthermore, it’s rounded out by Toyota, which plans to launch multiple layer ones on Avalanche to deploy its finance systems. In terms of the trade, it looks like it’s still catching up to the rest of the market, which is why it has been performing lately and I expect it to continue to do so. None of this is financial advice and I’m actually an AXAX ambassador but I picked them for a reason.

So today I asked Grok what the current sentiment and outlook is for the crypto space and the probability of the market pumping or dumping after the Fed rate cuts today (probable) and here is what Grok told me. I find this interesting because Grok is obviously tapped into X and can scan over posts and sentiment from users. Which is a little more direct or immediate than ChatGPT which relies mostly on articles that can be more of a lagging indicator at times even though the models are pretty sharp these days. I always prompt both models but since X has a significant crypto audience I found this interesting. What's your thoughts and do you like these kinds of posts?

Here's a great screenshot of some key levels of Bitcoin and what it has to stay above in order to continue its bullish uptrend. The chart is several hours old but the levels remain true. As long as it stays above that $113K level that is a good indicator to remain more on the bullish side. But if it goes below that level we can expect a further correction and downward momentum short term. However if we break above the key $117K resistance level then we could see a bullish movement to the upside and possible ATH's. This would also be bullish for ETH as well as we could see a continued upward price trend for Ethereum. The consensus seems to be around the $5K mark for Ethereum that we could see the beginning of the true altcoin season bull run. Time to lock in!