@Saint_Pump@testdumbass Saint Sir
Do you think crypto will come back to people's interest ? as it seems everyone transitioned to stocks and no one comes back.
@ThePumponomics I still think we can go lower, timewise we haven’t spent enough at the lows. Indices look weak, structure broke. Even if Iran makes a deal, damage is done -correction needed. Summer's coming, good time to push lower on low liquidity. I’m a simple man, I DCA slowly on the way down
@exitpumpBTC The bottom of what ? Cycle, year, month, candle, price, local bottom ?
Man just don't say bottom as it feels cringe in this space. If you're wrong people will shit you, if right you'll glorified until you'll be wrong.
I like your tweets but you can never be certain in crypto.
@lBattleRhino@Gunnerr417@sizechamp@fejau_inc Man Rhino
I am really surprised you don't know or follow Saint_Pump https://t.co/HEgYMVWstF
You and him are the only real traders I truly respect and take notes from. You should take a look at his views, I'm sure you'll be impressed.
Screening reflexive shitcoin 101
I think it’s better to trade names that are down a lot
but had market attention before.
Lowerlow after lowerlow
Feels like this is less of a market to chase what already driven by crypto native funds with strong fundamental but more of a market to find the next rotation out of names that have been completely left behind.
The way I’d screen them is pretty simple.
1. listed on many exchanges
liquidity has to be there.
if volume is there, once attention comes back the squeeze can happen much faster.
2. high perp risk limit
this matters a lot.
if risk limit is too low, bigger players and whales don’t even want to bother with it.
3. high OI / mcap
this matters too.
you need enough OI so shorts keep coming in, and that can become fuel for the move higher.
4. narrative we already understand
I’d rather trade something where we know why it can go up, who might look at it, and what flow it can be tied to, instead of some random weird coin nobody understands.
I think the main point is to stop chasing the names the market already loved, and start finding the ones that are still abandoned but have the right conditions.
Even just screening like this probably removes a lot of useless names
@ThePumponomics Nobody gets rich, achieves success nor greatness by staying in its comfort zone.
Life rewards the ones that get out of the conform zone and risk.
You've done it. 👍🏻
@ThePumponomics Why then you decide to deploy a big % of your capital in this uncertain environment. Wouldn't it be better to buy in extreme chaos, strength or after the dust settles. I know price is down a lot but still fells like you entered in the middle or better slowly now than sidelined ?