Market Rundown: #Memecoin cap drops 3% to $117B. AI tokens dominate the narrative while BTC dips post- $MSTR. Meme gains cool to 63%. Zoom out, the game’s still on. 🧵
@downwindtrading@Pizza_eXistenZ@TechDev_52 Been working on recreating it myself too, haven't been able to get flat periods though, but pretty close to it. Ran a backtest with this strategy (without compounding) and came up with a 52% win rate, 412% return in 3 years. Sounds great, but the Sharpe was 1.1, nothing crazy.
This will not be a popular tweet, but:
This crypto market is not seeing bull market stage until next halvining 2024.
At best it front runs in Q3 2023.
We can have relief rallies. But there will be no sustained bull market.
Have a great Sunday.
Good things come to those who wait. Also to those who have a panic attack while leveraged 10:1 and are down 20% but don't cover. Trailing stop hit at the end but can't complain. Thanks for playing. #eth#etherum#cryptotrader#DayTrading
Did I really just short the bottom of the most Chad candle we've seen all day? Why yes, yes I did. Can't squeeze me though 😤😤😤 #eth#shortposition#fml#cryptotrader
Bringing this account back, for now anyway, even saltier about getting liqued on those bear trades from November now than I was then 🤬 #AVAX#SOL#BTC#ETH#altcoins