Trading is fucking hard because
it slowly dismantles your ego.
At first, you think intelligence will save you.
Then you think effort will.
Then you think confidence will.
The market strips all of that away.
It doesn’t care how smart you are.
It doesn’t care how badly you want it.
It only respects discipline executed
consistently under pressure.
That realization hurts more than losses
because it means you can’t shortcut growth.
Let’s go! Bitcoin under 64k and XRP under 1.20 bring that DCA down.
We have been telling people nonstop.
#1 never leverage your Crypto
#2 we are in a bear market
#3 this is were wealth is built in red
If you have conviction RED is your freind.
When our major alt season happened in 2017 it was after BTC peaked, dropped 50% from the highs, found a floor, and then BOUNCED for it's first major relief rally that we finally saw alts go ballistic (total altcoin marketcap tripled off the lows and made new ATH from this point).
As $BTC approaches 60k, some 50% below prior ATH, many are noticing the relative strength in alts at these levels as BTC melts but many alts hold relatively "steady", sending BTC dominance down in the first significant pullback on BTC dom that we have had in nearly 8 months.
I think once $BTC finds a floor here we may finally see a significant correction on BTC dominance as alts outperform to the upside- just as we saw after the last cycle top in 2017.
The only major difference between the current situation and the one in 2017 was in the former all this took place post blow off top and in the latter we are still missing one (leaving the door open for a "temporary" resurgence in BTC dominance if this were to materialize down the road).
In any case, the predominant narrative from a few months ago of an "endlessly rising Bitcoin dominance as alts go to zero" is slowly starting to show some cracks...
$BTC and $ETH Macro Bearish PO3's + SMTs playing out beautifully as expected we put in another Lower high on the daily time frame and the short zones have held. Refer to my previous post if necessary.
$HBAR saw a nice spike into our local range highs today, HBAR/BTC still hasn't hit my ideal entry zone so think it's quite logical that we get a move down to our local range lows from here.
Keep in mind, this is all in the context of LTF's, on HTF, we are essentially AT the buy zone, so this is the time to be accumulating, especially if we manage to get a final visit to the local range lows from here.
It's almost time $HBAR-barians!
Never underestimate the conviction in the XRP community. Most of us still believe XRP is heading to $1,000+ at some point. Many plan to never sell any XRP.
⚠️ BREAKING:
TODAY CME GROUP LAUNCHES 24/7 CRYPTO TRADING! 🙌🏼
STARTING MAY 29 AT 4:00 P.M. CT, INSTITUTIONS WILL BE ABLE TO TRADE ripple:native FUTURES ANYTIME! 🕰️
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I wouldn't say $BTC is looking strong OR weak right now- it's just more chop/ranging PA like we've been seeing since the Feb lows.
We took both downside liquidity targets and are now approaching the 70-73k zone where I would LIKE to see some buyers step in- but ultimately, this choppy grind down is happening at the same rate as the last choppy grind down some weeks earlier (which was fully retraced), so this doesn't scream "weakness" to me- just more chop.
We hit our HTF supply and instead of seeing a strong, sharp sell-off we are seeing the same chop we have been seeing for months- which is actually a good sign imo.
End of the day- just more patience and waiting like we've been doing for weeks now until we get a more decisive move one way or another.
I became 100x the trader I was the moment I stopped relying on indicators
They can be helpful but sometimes I think the noise outweighs the benefit
Perfect example is if you tried longing divergences these past 2 days, you got slowly smoked…
Traders rely too heavily on indicators in my opinion and so here is the best tip I can provide:
Learn to trade with NO indicators
You will come to find that there is nothing more clear than price action alone
🌳
Thailand after scrapping easy 60-day visa-free for indians.
What a beautiful sight…and this isn’t even my country.
Imagine seeing them leave in droves from the U.S.
If only we had applied the same logic to who we let in and how long they stay.