Look at resemblence to June/July 2021 - We've had full scale capitulation then too 📉
June '21 - $BTC corrected -55% from ATH then, but it was not approved back then by any major financial institutions back then
June '24 - $BTC corrected -24% from ATH now, but we have ETF, and major financial institutions backing it now hence lesser draw-down (could still go lower ofc)
- Did $ETH lag? Yes, it did.
- Did it outperform $BTC? Yes, it did.
- Will it repeat the story this time? I believe it will, once $ETH ETF gets approved.
- Did lotsa Alts pop like crazy then? Yes, they did.
🧨Alts got destroyed in both cases, why?
It's simple - they are top speculative assets in the cryptocurrency space. Most volatile, depending on their market capitalization.
We invest in them for asymmetrical gains, to outperform $ETH and $BTC, right? So we have to accept that volatility can also happen to the down-side too.
♻ Difference between '21 and '24?
We have substantialy more Alts now, so the market is far more dilluted. So what I do is pick a narrative and look out for what the market sees fit at the given month/quarter/cycle and place my bets there.
Right now, world-wide, we have enormous growth in the AI sector, and I really believe it will remain this way for quite some time.
💡So what to do, how to time the entries?
At this point, my way of going about it is to look for Alts that resemble Stage 2 of the crypto "J Curve", so I can get my bids in before the uptrend happens - Sure, I have to endure up to 40% dips sometimes, but that's why there is this thing called "DCA".
A lot of the alts are so badly oversold, that they do not wish to take any more "beating", as in current holder base does not want to sell at these levels, which usually creates the local bottom. That's when I bid.
💵 How will I go about cashing out?
Once I see that "J Curve" hit Stage 3, that's the time for me to cash out bit by bit to stables, and if $ETH hasn't really broken 4.5K$, I might just rotate capital there.
If there is no Stage 3, I will just rotate the loosers/positions that do not feel asymmetrical to me into $TAO or $ETH / any other position that is primed for launch but hasn't yet and wait for it to pop.
I could honestly just dunk it all into $ETH / $BTC, wait for some fireworks and cash out to hit my bull target, but just like most of you - my risk tolerance is larger, so I will play around with Alts as well.
🛍Some of my holdings include:
$ETH, $NEURAL, $TAO, $NMT, $RS, $PADRE, $EAVE, $TAOBOT, $METAL, $FROG, $SHOG, $FLT
I hold them because I see how the teams operate and I see an asymmetrical opportunity there to the upside.
I am diversified within the LowCap sector to mitigate potential risks related to them.
This is my strategy - happy to see how it works out in 3-6 months time.
If you liked this post, would appreciate sharing it around, cheers!
GM 🌤
- #AI is the narrative, daily reminder
$NEURAL $NIMBUS $TAOBOT $FLT $NMT $THT $SPEC $PHA
- Terminals and bots that give us opportunity to trade on-chain efficiently are key to on-chain trading adoption
$RS $PADRE $BANANA
- #Gaming will be on and off, but well managed and hyped fast-paced games will provide good swing opportunities
$METAL $????
Say GM back!
GM 🌤
📈Epic way to kick off the weekend with new ATH hit on both:
- $NEURAL (40M$ = x22~ since first post)
$NIMBUS (15M$ = x15~ since first post)
👌My other #AI picks that are doing alright:
- $TAOBOT accumulating after recent price surge check @taodotbot recent $TAO bridge post
- $DCI slowly creeping up, check @dcicloudai latest updates on their switch to developing on Optimism
- $SPEC looks like it wants to pop on another leg up
☢ Some are just having some slow or bad PA:
- $MTLX accumulates like forever, no way for me to contact the team about marketing apart from email 😂
- $MINIMA has been nuked for some reason, retraced whole growth since Feb '24, I might just add a little to average down my entry price
- $PHA is accumulating, retraced whole surge since beginning of March '24
- $THT awaits in Coinmetro for transfer to #MEXC and #AVAX once it is live, retraced whole surge since mid Feb '24
☠ Sometimes I might post a degen bet like $BCS on my TG Journal, see my linktree for invite link, I won't be posting them here though.
Not sure if I mentioned all of the AI tokens I hold, but surely most of them.
Surprised not to see $TAO among them? Well, I choose projects that benefit off it's price action and are asymmetrical bets compared to just holding $TAO.
$METAL is in heavily oversold zone at the moment, could still hit lower filling that wick, but all-in-all the R:R is quite alright here.
I've been sizing back up here, @CryptoKaduna sticks by it, and we're 250% away from first resistance, and 375% from top.
I'll remain patient.
#Gaming #PvP #eSports
Doxxed vs. Undoxxed + TL;DR on how to Exit
⏰ 3 Min Read
1. Doxxed vs. Undoxxed:
I prefer to invest into anon, undoxxed teams which perform well in terms of product delivery and marketing instead of doxxed teams that just don't care about either.
Yeah, risks are there ALWAYS, it's crypto, it's volatile AF and it's one of reasons I'm here in the first place. You only need few of those winners that will outperform most of your bags.
Hardest part is to know when and how to exit your position properly. Most will end up round-tripping, or selling in loss.
___
2. TL;DR on how & when to Exit:
- Assess the relative value of the project towards their direct competitors (if they exist, not applicable for first movers): i.e. $BANANA Market Lead (305M FDV), $PADRE Underdog (5.5M FDV)
- Set percentage market share you believe is 'fair' for the underdog to achieve, i.e. 30%, so here it would be $PADRE hitting 91.5M FDV (x16.6 from current price)
- Monitor project activity for triggers - social media presence, marketing, development status, if two out of 3 stop working, it's time to reach out to team or people involved to see what's happening. I.e. @tradingterminal currently works on releasing v2, rebranded, preps for marketing campaign, so it's fine for time being.
- Re-assess periodically - Crypto moves fast, it's ever shifting landscape, and projects rise and fall quite fast in span of days, weeks, months. Re-assessing above every 2-4 weeks is quite important, so you can adjust the levels if required. Don't do it too often though.
- Set alerts - If you lead a busy life, don't forget to set Price Alerts on apps like @tradingview so you can be sure your startegy gets executed on dedicated levels.
- Don't hesitate, act on it - If you planned it, and all the criteria are met, don't fall into greed, or fear - This is one of hardest parts, and 90% won't manage it properly, so don't feel bad about it if you fail a dozen times, I still fail at this from time-to-time, it's just a human thing to do.
#AI #LowCaps #Strategy #tradingstrategy
___
Thanks @TryVenice@ErikVoorhees for image, started to play around with it!
___
Enjoyed this piece? Share this with your frens, would mean a lot to me, thanks.
You are not bullish enough on #AI I can tell you this much.
$NEURAL doing extremely well, imagine what happens when market starts to trend up and revenue starts to flow in. Higher.
Here are few projects I'm eyeing at this moment from #AI sector for launches:
@EaveAI - 🦉👂🤫🕵️♀️
@ScorcastAI - Predictions market, Euro2024 and more
@AyolAiOfficial - AI Agents/Assistants
I've spoken with each of those projects' teams.
Check them out yourself. I'll have a write-up on each of them when the time comes.
Take advantage of opportunities that market presents to you! 🧙♂️
$RWA - @xendfinance
- Backed by #Binance Labs
- Capitulation, price retraced fully (-70%) from tops.
- 🌍World's first #RWA L1 solution
Do you have any idea what happens if they get listed on Tier 1 exchange at some point?
I am bidding here.
What are you buying tonight, dear chad?
PS. $NEURAL held perfect, so much higher for this one though, lol.
This week will be full of major announcements, but before then, we want to hear from our community, new and old alike. With DUEL x Layer Zero, we are always looking at what other blockchains are doing to innovate and expand.
What chain do you think will see the most growth in gaming?
Tell us why you picked your choice in the replies below 👇 Get ready and notifications on, the next month will be huge.
A big shoutout to @RaAr3sfor for the full breakdown over everything we have been building over the last year.
If you’re new to the community or want a refresher, check out below 👇
We are halfway through the week and we have had amazing conversations with a few of our collaborating partners.
Check out this video from our chat with @Mana_Web3. ManaWeb3 is curating a community of collectors and NFT enthusiasts to help them find the best in web3.
We dive into everything GamegGPT: from our inception, to the launch of $DUEL, and our upcoming NFT mint, it’s all here. And maybe a few sneak peeks of what's to come 👀 Check it out 👇
Our Airdrop Season 2 campaign is officially LIVE at our new site https://t.co/x3OiecAgB1
Participate to earn $DUEL as we kick off 30 days of upcoming announcements.
Prepare yourself for new blockchain integrations, new co-developed game releases, new team member announcements and 20 new project partnerships all throughout April. Blockchain integration 1 starts Monday!
Can we get $DUEL trending as high as season 1?
Watch the video or read below to learn more 👇
$DUEL just keeps outperforming most of the gaming tokens.
One of my favorite tokens, especially because how hard it makes haters cope.
They tried so hard to fud it - only to watch it going to ATH time after time, because the team KEEPS DELIVERING.
Love it.
Study green charts on red days 📈
$DUEL is following my projected flight plan SPOT ON.
I'm looking for a breakout to ATH, a retest, and then my favorite part of the cycle...price discovery 😎
Giddy up cowboys, it's time for @Gamegptofficial to have its day in the sun 🚀
$DUEL - @Gamegptofficial dgaf about red days.
I’ve told you I’m really bullish on this one and that it will smash this year! It will go into price discovery soon!
https://t.co/efXD5gXsp9