Portfolio is much better off since doing the following with levels mapped on charts:
- I am bullish until X level is lost, flip neutral
- I am bearish until X level is flipped, flip neutral
- I am neutral until X level is lost/flipped, flip bearish/bullish
Simple and effective
Short-term scalps? Maybe.
With the inflow of institutional money that was propping the market up recently, I expect ALTs especially to unravel some more.
This will provide phenomenal buying opportunities in the future, but I would urge caution over the coming months.
$ETH
Exited $ETH (~10% loss on av. buy)
Looks to have accepted below 4k so I have to trust I'm reading it right, we'll get better entries (3730 & 3340 - below this 2850, that would be a red flag to me)
Still think October/Q4 will be nice to us, will reenter when the market allows
October was clearly not great for us. Unfortunately, historically, red Octobers are usually followed by red Novembers (and then red Decembers) - with 2024 being the exception.
I've rejigged my thoughts on this - R/R on reinvesting in $ETH in 2025 just isn't enough for me ATM.
Permabulls will permabull.
'Now or never' and the rest of the stupid crypto moonboy phrases.
Why gamble this stage of the cycle? Guess they believe in a supercycle.
Yes, liquidity wick was swept, at least allow some time for the market to breathe before jumping in.
$ETH
People are so sensationalist, I assume for engagement.
'If $ETH / $BTC doesn't hit X in Q4 I'll leave crypto forever.'
Why? You'll just be late again once the price hits the bottom and do it all over again.
Patience is a virtue.
This PA is literal aids, wipe everyone out and start again.
Having governmental/mainstream approval and participation in the crypto market will make it the most manipulated market in history. This is what people wanted?! Crazy.
To add to this, we would still see cycles, but a more mature market with deeper liquidity would reduce the extremities that we capitalise on in crypto markets.
Being involved in crypto is our edge - being early only pays when others are late.
@Innerdevcrypto Took profits this year for family holiday, house development and to simply pay myself on the way up. Never understand those who don't want to realise profits, crypto should be used to achieve freedom (w/e that is to the individual), stacking BTC on a cold wallet doesn't do that