You really get a feel for these few markets, they're likely the top performers for the cycle and you eliminate the noise.
Rule #1 protect your capital and profits.
Momentum eventually returns and it is worth the wait. Don't get sidetracked. Don't over trade.
The time between momentum in markets is where most money is lost as a trader.
Momentum is when every micro dip is bought up and price grinds higher, where entering longs at almost any point feels easy and holds in profit quickly.
These "easy" periods are what I wait for.
The waiting is always the hard part. Especially in a market where something is pumping everyday. Trying to catch every rotation is net negative. I've found focusing on a few high liquidity coins, a few leaders in each sector and completely ignoring the rest works best for me.
Timing was wrong. Now it is right. In hindsight it was/will be as simple as long when the Fed cuts rates. Credit cycles drive liquidity which drives risk assets. Plan remains the same as above. Keep it simple, have a plan for selling and ignore the noise.
This week will likely mark the start of the exponential run up of crypto for this cycle. Optimal entry period. Both sides of the aisle in US turning pro-crypto to win voters. Expecting $SOL to be the top performer of majors this cycle.
Core position is $SOL. All trading profits will go into SOL.
-Most on-chain metrics have caught up to ETH
-Next ETF likely SOL (Vaneck already filed)
-Time for SOL market cap to reach for ETHs.
-Memes and Ai likely to continue to outperform other sectors
Buy then do nothing
It's 2019 PA nearly exactly. 30k is what 6k was. Funding negative. Stop shorting on narrative and just read the charts... Alts are going to rip. I've shifted most BTC to L1s. See ya in a few weeks
/2 $ETH 225 reached and price is consolidating in a pennant right at the weekly level.
Quick moves up = quick moves down.
Expecting $185 next.
https://t.co/6Sd4WzNwgA
@LSDinmycoffee Those deeper diagonal breakout retests have shaken me out a few times so I recently turned them into a setup. Its been working out nicely since that point is usually where price accelerates or breaks back into the pattern/diagonal and invalidates.
Nice dump and levels being respected. As long as the green box continues to hold, expecting continuation after some consolidation.
$ETH and majors continuing to show strength over $BTC
I've re-entered longs.
More frequent and detailed analysis: https://t.co/yU9nG84zhp
Usually when $ETH leads, whenever it tops out, the majority of the market retraces with it.
Add in some $BTC PA fuckery at HTF resistance while funding index is at the highest level since August 9th.
I'm certainly not shorting but I have taken sizable profits and moved stops up