How did I catch the 2022 bear-market lows and TP everything above 100k BTC?
Quoting my own post here where I have said I am taking profits and only few others have like @FFVV1211 and @craigscoinpurse while the market is in full euphoria-mode, If you also search profits under my profile you would see multiple times where I took profits when BTC was over 100k
But how? Simple: I paid attention when everyone else was distracted! The bull markets have been usually 4 year old cycles Until its broken we use previous data.
And yeah IMO the bull might actually be done. I know that’s not what CT wants to hear, but this is my read.
People dont know this: I’ve always been a trader. I am a funded trader on 2 reputed prop firms where I trade their capital for a profit share. That side just doesn’t show much on CT because this account (Psywoo) has turned into an InfoFi hub with Kaito and @wallchain updates.
But trading? Still something I love. And nothing beats patience in this game.
You don’t need to be a galaxy-brained macro god to buy the bear. Just basic analytics: the average BTC drawdown in a bear is ~75%. Start your DCA there.
If you were buying sub-20k, 100k is a clean 5x no leverage, no degeneracy.
Traditional markets can’t touch that ROI.
Why do I think this might be over?
Zoom out. Look at total crypto market cap.
The chart looks like a completed 5-wave structure, and the timing lines up with previous cycle tops.
Not saying it collapses tomorrow…
…but pretending that everything is well and we will get to 200k does not feel right!
My base case: bear-market lows land somewhere between 30k–45k. Altcoins? Could see the harshest washout of the decade.
Whats next? in the replies.
I actually know only a few that took some profits on BTC above 100k @FFVV1211 that is the legend @craigscoinpurse and I saw him DCA out and I did the same.
Although i didn't notice it myself the biggest clue was Mr President launching his own token that went to 80B FDV.
That is Euphoria indeed. Got to learn right FFV.
Polymarket has introduced 5min up and down for Bitcoin, While this will drive more and more volume I feel the lower timeframes are more of a gamble than the higher timeframes!
Then again who am I another degenerate hahah!
Polymarket has introduced 5min up and down for Bitcoin, While this will drive more and more volume I feel the lower timeframes are more of a gamble than the higher timeframes!
Then again who am I another degenerate hahah!