xSignsmak3R

It's a old maxim that people, who know the least, obey the best! Ride long term market cycles🏄🏻‍♂️🌊 #BTC #Ocean #Silver #Gold #Uranium

[Lorwen Harris Nagle, PhD @LORWEN108]

The most dangerous, oddly glorified, yet overlooked problem in the world:

Overthinking and underacting.

It's why you're stressed, depressed, and your immune system is always in chaos.

Tolle's 9-step protocol is a overthinking: 🧵

[xSignsmak3R @Signsmak3R]

@Lance_xbt I looking for around 96$, you think to greedy?

[xSignsmak3R @Signsmak3R]

@Lance_xbt $LTC

[xSignsmak3R @Signsmak3R]

@babavanga88 @DeItaone Im afraid, because he buy all the time the top. 😆

[xSignsmak3R @Signsmak3R]

@esjesjesj There are enough videos showing that he wanted to get him off the stage. But the little boy never wanted to separate from his father...

[xSignsmak3R @Signsmak3R]

@j0hnnyw00 @IncomeSharks Let’s wait and trade the chart, we’re in a range. Normally it’s easy to handle this situation.

[xSignsmak3R @Signsmak3R]

@j0hnnyw00 @IncomeSharks The Summer is not the best time to trade crypto when i remember me right.

[xSignsmak3R @Signsmak3R]

@hamoratal @Avishay3000 .

[xSignsmak3R @Signsmak3R]

@kaplary @BigCheds Take profit and go back later, if it runs without a pullback your still on the train with a small position

[xSignsmak3R @Signsmak3R]

@IamCryptoWolf Check $LTC too, it’s a nice HTF view

[xSignsmak3R @Signsmak3R]

@HasnainKazim Wäre lustig zu sehen wie sie diese Spielchen mit der Polizei in ihrem Land veranstaltet

[Mercury @TraderMercury]

afraid you missed the bottom?

no worries. I've got you.

many coins will retrace the wick anyways and give you yet another chance to bid HTF trends/support:

bottoms generally take time to form.

1/100 times we get a 'V-reversal' that leaves everyone sidelined after a quick flush, but that's not the norm. More frequently, the market finds it difficult to shrug off a selloff event like what we saw yesterday.

pay attention to coins that have maintained relevant structures/levels. if the market does show any glimpse of relief, these coins will more than likely lead the way as outperformers:

on a similar note: pay attention to coins that have already shown impressive recoveries since yesterday - best case scenario: they've already gotten back above local trends/inflection points

remember that selloff events create a sort of 'catalyst' that can reshape the narrative for awhile

you often hear this referred to as the market 'resetting'

think of it as an open spotlight, and whatever coins perform the best will likely spend their time in that spotlight moving forward

this will only become more blaringly obvious as time goes on, with people getting more confident as price goes higher (as they always do), as the discrepancy in relative strength becomes more pronounced

ONDO is a good example of this. we discussed the region to watch in the event that local trend were to breakdown yesterday
and hours later it broke, and tested the next key level perfectly; if it manages to reclaim local trend once again, there's really nothing stopping it from continuing its' journey into price discovery

so even if no more chances to bid the lows, likelihood is: as soon as this makes a higher high it's not going to be giving many HTF trend pullbacks for awhile. can compensate for missing out on the bottom by just being able to dream bigger than everyone else after the bottom has already formed (lesson in there btw).

and finally, watch $BTC HTF trend:

first, allow me to say: it's contradictory to always pertain your altcoin positions back to BTC. the only (real) reason to trade an altcoin is because it's outperforming Bitcoin. In order for that to be the case, your altcoin HAS to look better than Bitcoin, which inversely means that Bitcoin HAS to look weaker - so don't psyop yourself into missing out on solid plays just because "Bitcoin looks weak"

now, with that said, here's where I contradict myself:
the Bitcoin move does affect altcoins, even in an alt-season, but it's usually only initially. Generally speaking, as long as Bitcoin continues sideways, and maintains above the 4H 200MA/EMA trend, then there's room for altcoins to consolidate/bounce

if that trend is lost, however, you can pretty much guarantee that it will drag altcoins along with it initially, and spark another bloodbath across the board; the degree of that drawdown will vary depending on how strong that altcoin is, relative to the rest of the market

the context of the individual altcoin will always matter more, and will determine if it's able to recover from a volatile BTC selloff - again, just watch for things that show favorable context: higher lows on relevant timeframes, key levels tested, key trends held, etc.

which is the same concept as yesterday's selloff, just magnified to a more intense degree

which allows me to transition to:

every single movement in this market is just a more/less magnified version of the same market dynamics, repeatedly

anyone with a brain, and mild crypto experience, can grasp and comprehend these dynamics. they're not rocket-science, and they're not secret either

if you've been following along in recent weeks/months, you'll know that anything you've seen in that time period was already pre-discussed by your favorite purple-tree (yes, this is where I do a bit of shameless clout-claiming)

but it's not because I'm a genius or that I'm better than you; not at all.

it's because: even though the market is different today, it was different 40 years ago too. which makes it the same as it was 40 years ago

the market is always the same.

every. single. time.

goodluck!

[xSignsmak3R @Signsmak3R]

@crypto_iso Congratulations!!! What a catch 👍🏼

PS: Nice reel, the old Stella’s are legendary

[xSignsmak3R @Signsmak3R]

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[xSignsmak3R @Signsmak3R]

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[xSignsmak3R @Signsmak3R]

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[K A L E O @CryptoKaleo]

I lost around $500K last week.

I want to share the story rather than hide it so hopefully a few of y’all who are going through something similar can learn from it, and maybe also help keep a few of you who haven’t experienced a big L yet from doing the same thing.

It started with several big wins riding the market up the last month. I had good discipline with where I was building my positions, what my stops were, overall game plan, etc. on the front end. As the pace of the market picked up, a few things happened:

1.Rather than taking a bit of profit riding the positions up, I doubled down and continued to size them up.
2.I began opening new positions in names where I felt FOMO, but not as much conviction.

Both of these things work fine on the way up, but when the market starts to tilt the other direction, you lose X amount more.

3.I hadn’t had a run like this in a while. I was so obsessed with managing what I had, I stopped sleeping. The more sleep deprived you are, the worse your decision making is.
4.I began to throw risk tolerance out the window, and used *where I was* when I was up as my new standard for where I felt like *I needed to be* when I was down. So after taking an L, I would size up to a point completely outside of my risk tolerance and make poor decisions because of it.

At this point, I was fully tilted. I wasn’t thinking rationally. My emotions had taken over.

5.I felt insane FOMO because of where Bitcoin is, and how bullish I am on where we’re heading over the next couple of years.
6.I felt embarrassed if I wasn’t able to claw out of this, because of the size of my account, the number of followers I have, the highs of where my account has been in the past and how successful some of my friends on here are.

I started selling positions I didn’t want to touch to get more capital to try and fight my way back. E.g. I sold my initial ARENA airdrop, which thankfully is only 15% of my total allocation, but it’s still so early in its lifespan and I’m so bullish on where it’s headed it hurt to touch it. It’s also a stake in a community, where although you believe you are doing it for the right reason at the time (your mind tilt justifies if you don’t do it, you won’t be able to have the $ you need to support them the way you want to) it comes off as a lack of belief in the project and community (which it isn’t). It’s only when you’ve had a bit of time to decompress and get untitled that you realize just how stupid you were.

When it’s all said and done, I was completely humbled by the market, again.

The issue is this a recurring theme for my time on here. Hard and fast runs up, followed by even harder and faster falls down.

I came across a passage in the end of the book of Job in the Bible recently where after Job has lost EVERYTHING he humbles himself before God and acknowledges he’s nothing without Him. He trusts His plan. And it follows by saying “And the Lord restored the fortunes of Job, when he had prayed for his friends. And the Lord gave Job twice as much as he had before.”

It made me realize I have been trusting my own plan for far too long. Every up and down I’ve ever had, I’ve been able to tell myself it’ll be alright because I have the ability to turn nothing into something via trading. In the pursuit of this, I have sacrificed so much. I haven’t worked nearly as hard at other things because I’ve been so focused on this singular purpose, that in essence has trended toward degenerate gambling.

It’s time for a change.

(Continued below)

[xSignsmak3R @Signsmak3R]

@crypto_iso Ohhhh, that’s nice! In which area? Some friends go fishing in Morocco for bluefin.

[xSignsmak3R @Signsmak3R]

@crypto_iso Nice GT from last year..

[xSignsmak3R @Signsmak3R]

@crypto_iso Nice!! What kind of fish, tuna? 🍣