SaintB

[SaintB @CryptoSaintB]

These 11 TINY Crypto ALT Coins Will 50x In DEC (URGENT AF) https://t.co/4k781elwmf via @YouTube

[SaintB @CryptoSaintB]

@ZssBecker 1

[Alex Becker 🍊🏆🥇 @ZssBecker]

New vid : Follow & Comment "1". 1 will win a $3,000 NEO Tokyo s2. (Must like/follow/share) 3 will win $500 in Bytes.

BOOMER ALT SEASON JUST STARTED. I had to get this up NOW before it was to late (couldn't wait till tomorrow). These coins will MOVE.
https://t.co/Mp6lPmqKrs

[Mayne @Tradermayne]

So back in the day there were guys on Twitter/BTC Forums and BTC-e known as "pumpers"

For OGs you'll remember the name Fontas as an example.

They'd tell you they are going to pump a coin but wanted to "give you the heads up first" cause they are so nice and generous.

They of course already accumulated the coin at a lower price.

The coin would get announced, ppl would spam it and price would start to go up as ppl chased the pump.

They'd put up buy walls to give the illusion of support while simultaneously selling into the pump.

You the end user were almost always exit liquidity.

0 doubt in my mind Tate is employing a similar strategy.

There are no free lunches guys, always assume someone has a financial incentive in telling you to buy something.

[Mayne @Tradermayne]

$BTC

Couldn't sit on my hands, I tried.

Walked thru all of this on YouTube over the last few days.

Stop moved up to H12 low, TPd some.

Letting rest ride.

[Mayne @Tradermayne]

Now that we are near price discovery, a few things to consider:

You are going to see some insane price targets for the end of the cycle.

Most of this is just bullish hopium and euphoria—be careful not to get caught up in it.

There is no way someone can predict where and when the cycle will end with a high degree of accuracy.

The majority of people are purely guessing; some will use technical analysis (TA) and other strategies to make more "educated" guesses.

However, these are guesses nonetheless.

To avoid falling prey to the obscene euphoria we're likely to start seeing, it's best to create a solid plan of action.

How will you exit the market in order to maximize your gains and minimize the amount you give back?

Below, I'll explain my thought process as it relates to my spot holdings, specifically Bitcoin.

Once the top is in, prices will begin to distribute.
This can last anywhere from a few weeks to a couple of months.

During this time, we usually see the last hurrah for altcoins.

After distribution finishes, prices typically fall off quickly, often dropping 50% or more before slowly declining for the remainder of the bear market as volatility dries up.

What this means is if you mistime the top, you can see 50% or more of your gains disappear quickly while you wait, hoping for prices to continue higher.

So how do you avoid this?

I'm going to share three rules that I used over the last two cycles to help me sell near the top and keep the majority of my bull market gains.

1 - Market structure.

Once daily market structure was broken in both the 2017 and 2021 cycles, the top was in.

In 2017, there were two clear levels you could have used as your market structure break.
Once market structure (MS) was broken, you exit on the next bounce.

For what it's worth (Fwiw), this also worked at the $14k top in 2019.

In 2021, the same applied for both the April/May and November tops.

This cycle has been a bit trickier, as the last 6+ months of consolidation have seen multiple daily market structure breaks.

So, instead of relying purely on daily market structure, I will also use the 3-day (3D) market structure for confirmation.

The 3D chart will confirm more slowly, but once that breaks, I'll be confident the top is in—barring some kind of aggressive reclaim

2 - Portfolio Targets

This one is pretty straightforward. I have a few portfolio-level targets in mind, both conservative and more ambitious ones.

Once those levels start getting hit, I begin cashing out.

3 - Price Targets

This is the most difficult one because, as I said earlier, it's a guess.

I've always erred on the more conservative side. In 2017, I started cashing out above $10k, and in 2021, I started selling between $40k and $50k.

Did I nail the top? No, but I was close, and when prices were trading 50% lower not long after, I was very happy with my sells.

Keep in mind, I was fortunate enough to buy near the bear market lows, so selling anywhere near the top resulted in an amazing return.

What happens if your price target isn't reached? Refer back to rule number 1. If market structure starts failing before your targets are hit, perhaps your targets were too aggressive.

Summary

The beauty of the above rules is that they all work in unison. Just because you've exited the spot market and locked in your gains doesn't mean you can't still trade.

If for some reason we nuke and break market structure, but then aggressively reclaim the level, you can always get back involved.

I'd prefer to lock in gains and potentially buy back higher rather than keep holding and risk giving back a lot in a 50% drop.

I didn't sell at the exact top, and yes, when prices kept climbing after I sold, I did feel FOMO. But that quickly went away when prices dropped 50%, well below where I exited.

You just want to be close.

This is all my opinion, of course, and it's what worked for me over the last two cycles.

I am also admittedly much more conservative than many of you here. This isn't my first cycle, and I don't need to 100x to "make it."

For what it's worth, my price targets for Bitcoin are $100k/$110k on the low end and $150k on the high end.

I'll likely be selling and locking in gains well before the exact top is put in, and that's okay with me.

This is an extremely long post, but I went over a lot of what is written here in my YouTube video last night.

GLHF.

https://t.co/h8GmDNfrqu

[Feyronn @feyronn]

We're starting to have highly favorable entry points for Ethereum

Accumulating positions from here is willing to provide significant profitability.

[Mayne @Tradermayne]

Summer is here, so it's time to bring back Shitcoin Summer livestreams and videos.

First one will be tomorrow.

Spam your tickers below.

[Mayne @Tradermayne]

One of the harder things for new traders is to identify when the market flow has shifted.

While I still believe the super high timeframes are in a giga uptrend the shorter term charts clearly have shifted to sideways and even down trending on some timeframes.

You'll try and trade the current market trend the same way you traded the previous one.

The effect on your PNL (white line) is something like the attached image.

The market went up a ton, so did your PNL, the conditions changed but your trading didn't so your PNL over performs to the downside.

So how can you avoid this?

You can learn to trade different trending conditions, uptrend, downtrend, sideways.

Easier said than done.

You can be patient and wait until the trend syncs back up with what you are comfortable trading.

Another difficult task, but I'd lean towards trying to be patient in these moments rather than trying to force a round peg in a square hole.

It's hard but your PNL will thank you.

Your PNL being down more than the market is overall is a painful lesson.

[Mayne @Tradermayne]

Everything you need to know about @Breakoutprop, the prop firm I co-founded.

Start trading crypto with CEX liquidity, 90+ symbols, and up to $200,000 in funding.

0 denied payouts, no hidden rules, no gimmicks.

[Breakout @breakoutprop]

If you’re wondering why crypto crashed

Iran, macro, futures open interest etc. had nothing to do with it

Instead, it’s because our bald globe-trotting cofounder @Tradermayne started making TikToks like this

Pray for him, the man is in his 30s.

[Mayne @Tradermayne]

I post quite a bit on YouTube and one of my goals for 2024 is to get to 100k subs over there.

If you don't follow already make sure to check it out, there have been some really quality videos posted over the last few years.

Below are some of my most popular educational vids.

[Crypto Fight Week @CryptoFightWeek]

ON THE MIC! 🎙️

@Tradermayne will be commentating on all Crypto fights on April 19th! 🥊

#️⃣ #CFN4
🥊 Ansem vs. Barney
📆 April 19th
📍 @laperledxb
🎟️ Link in bio

[Mayne @Tradermayne]

Telegram members eating

[Mayne @Tradermayne]

The weekly chart on $FIL is so unbelievably bullish.

[Mayne @Tradermayne]

Had a blast recording this with @wordsofrizdom .

Going to give away a few @breakoutprop accounts when this goes live to ppl who like and RT this tweet.

Let's do 3 accounts, $100k/$50k/$25k.

[Mayne @Tradermayne]

ATH stream views, unreal!

Thanks to everyone for tunning in.

Going to continue going ham on the content creation this year.

Outside of trading, creating videos and streaming is something I genuinely enjoy.

Approaching 700 videos on YouTube and counting.

Averaged 4-5 videos a week in the month of February.

I'll be starting a 2nd weekly stream over on Kick to keep with the Bull Market.

Scalping, shitcoin charting and more.

Should be fun.

Going to be in partnership with @rollbitcom

First one is this tomorrow.

Let's get it.

https://t.co/i2gw96IFTf

[Mayne @Tradermayne]

Clip from Monday's stream, the beginning bit looking quite prescient based on the reaction Alts had on the BTC shake out today.

Likes and RTs are appreciated!

https://t.co/vcvgmdDygb

[Mayne @Tradermayne]

Another trade taken on this $100k evaluation
@breakoutprop.

Took advantage of the weekend volatility and closed a nice 2R trade on $BTC.

I'll continue to update these as we work our way towards getting funded.