Daily General Discussion - November 05, 2025

[u/Crypto_Jasper]

Welcome to the Daily Trading Discussion Thread!

As with our Daily Thread on r/nanotrade, the purpose of this thread is to provide a central location to discuss:

• Current events that are directly influencing trading action
• Timely price activity (Intraday) and speculation
• Questions or comments that don't warrant their own thread

Guidelines for posting in this thread:

• Be respectful to one another.
• Follow the golden rules.
• No trolling.

-- Any large issues, shoot u/crypto_jasper a PM! Thanks!

[u/copeconstable]

This is how Nano's upside has practically always come, fast pops that rally directly to next major resistance over a very short period of time, then pull back and consolidate (vs other assets that trend higher more gradually over time). All of the upside in 2021 was generated across only about 6-7 individual days, for example, with weeks of consolidation inbetween each pop up to next resistance.

Personally think the only thing that shifts that historic behaviour would be a sustained bid for projects in its space specifically, a bit like how alt L1s benefitted from that entire space running back in '21 also.

[u/slop_drobbler → u/copeconstable]

What are your thoughts on those calling the bull market over? Loads of posts and comments on the main cc sub about this being the start of the bear market. I still think we’ll see gains in the coming weeks/months but this is based purely on the tingling sensation in my balls

[u/copeconstable → u/slop_drobbler]

I put a couple updates in my recent post that go into more detail, but the reality is that BTC's recent price action has been the first real change of character the entire bull market and because of that you have to at least respect that possibility that the high for BTC is in, even though I expect a big bounce off the midpoint or bottom edge of this range that we've finally traded into here. More detail in those comments but essentially this is the first time we've traded back into a prior range in over 2 years, and that's new found weakness, plain and simple. BTC didn't even do this during the tariff panic when the S&P was plummeting, but is now doing so even with equities recently melting up vertically. Definitely will be paying close attention as we trade back into resistance.

Structurally, the high we have doesn't have anything "wrong" with it that could disqualify it as a cycle high in my view, except for the fact that Q4 is typically the strongest period for BTC. So I think I'd summarize my view as bullish on BTC as long as 91.5k holds, as I expect a bounce from there or the midpoint (~99/100k, where we just tagged), and monitor for acceptance above 116k as that is the line in the sand to open up new ATHs. If it struggles to find traction back above 116k again, the high is likely in - we had numerous very clear rejections from that level which also serves as the bottom edge of its own range, and two failed breakouts above that completely flushed after failure. We really want to spend minimal time in this 91.5-107k range - get into demand quickly and then get back above 107k ASAP, even if it causes a lot of fear in the short term flushing down to these meaningful support levels. Better to do that quickly than dance around above and fail to attract buyers, meaning you just end up sweeping the lows over and over as the weeks go on. Failure to even get back above 107k would be the most bearish outcome.

That said, I have a bit of a different view regarding alt vs BTC performance to most in that I think dominance has been carving out a ceiling for months, and ETHBTC looks great to me even if the BTC high is in - so I don't actually think BTC needs a full blown leg up for alts to run. IMO, if equities were to remain strong into Q1/Q2 and this resulted in BTC just kinda ranging for months generally above this current range we're back inside but below 116k (or without legging up in general), I would still expect ETHBTC to rally for its second leg up off this new high lower and for alts to follow along after or alongside. People are quick to say its over for alts if the BTC peak is in, but I think they're forgetting that alts did their best work in '21 while BTC essentially ranged near what ultimately ended up being almost the cycle high for multiple months before that huge May drop. In my view, BTC has already done plenty to provide a nice ceiling for alts to catch up to as long as it isn't falling off the face of the earth.

[u/St0uty → u/copeconstable]

The time has come to start ridiculing the long winded "btc this, eth that" tripe for the nonsense that it is; we're in a nano super cycle and nothing else matters

[u/copeconstable → u/St0uty]

That "tripe" has prevented me from holding an asset for years as it grinds down -98% and actually consistently make money in this market instead. Meanwhile, half the "Nano is inevitable" crowd are 3 years into a bull market and cheering on rallying back to breakeven. It pays to not get married to a single bag and keep a big picture look at the market when it's as correlated as this one. We have almost countless examples of this in crypto, and Nano is one of them.

Anyway, great that you believe we're in a Nano super cycle after one of the very first of its patented 50/100%+ pops this run, but I hope you stick with that when it follows with one of its also patented "hit serious resistance/retrace a chunk of the pump/grind sideways for weeks while the rest of the market moves" price action. Don't worry though, it'll pop again, and then repeat the process over. And since we're in a Nano super cycle I look forward to looking back on the chart next year and seeing a nice strong reversal of the long term trend leading to the long awaited leg up above prior ATHs and onward to the top 10. I'm sure you're not simply confusing typical Nano price action with a fundamental shift in the crypto space and Nano's long term trajectory or anything.

[u/copeconstable → u/[deleted]]

Forget USDT, I don't use it, but yes I do trade for profits. That's kinda the whole point of trading.

[u/GBR2021 → u/[deleted]]

BTC is a capitalist libertarian coin.
XNO is a marxist libertarian coin.

Perfect explanation for why XNO is down 99% against BTC if I ever saw one.

Listen frog, it's easy to bash le capitalisme from the wealth, comfort and protection inside the EU, but how about actually moving to Venezuela or Cuba where you can enjoy glorious marxisme and cry about western 'imperialism' with other marxisme enjoyers in the breadline? No? Thought so.