Those who compare current TA to that of 2022 are overlooking a key factor: in 2022, we faced a major unforeseeable event, with key players in the sector disappearing due to their fraudulent practices.
Don’t follow them blindly; don’t rule out any scenario.
I sincerely believe that the time has been ripe for some time now to bet on the spot market, and whatever happens next, the odds are in the optimists’ favor.
$BTC
Hope you guys enjoyed that 60k to 80k ride
A lot of bears, “I’ll buy the bottom in October at 40k” guys, and shorters got squeezed on the way up, and we’ve now taken important liquidity
You can’t ignore the on-chain euphoria, pumps are happening left and right, BTC is strong, the Clarity Act is around the corner, Saylor is as bullish as ever, and people are starting to believe a bull market is beginning
But sentiment is heating up very fast, and I expect people to start calling this a new bull market in the coming days
That’s exactly why I don’t think this is the place to turn over-megabullish
The spot bid made a lot of sense lower, and we were fully part of the move
Up here, after a move like this, the R/R is not the same anymore
We’ve already ridden a big part of the move, and there’s probably still some upside left from here
But after that, a reset lower would make a lot of sense to shake out the weak hands that will start turning turbo long up here
Patience matters here
Don’t let emotions make the decision for you
@yungskwidda https://t.co/R9Kk18PDcT
A father’s $200k Star Wars LEGO collection is stolen by Bricks & Minifigs in Mormon Utah after his son consigned it. Reckless Ben’s investigation turns it viral
im waiting for this coin since days
Day 3/4
Mixed feelings over the last two days
Port is now around 11k
When I started this journal, the idea was simple: spot strong tokens with asymmetry, get a good read on the market, use TA well, and execute clean entries
On that side, I think I’ve done a good job so far
BTC has been weak, a lot of people got rekt, and my port is still up around 3k
Out of my two trades, one is back to entry and the other is still holding higher after 4 days
So the issue was not really token selection or entries
The real problem was position management
The port touched 18k on Day 2, which was already more than 2x from where I started, and I didn’t capitalize enough on it . Everything on the chart was telling me it was a local top
One trade went up around 40%, the other did multiple x, but I didn’t realize enough PnL from either of them
Because I choose my spots carefully and wait for good entries, I tend to get too confident in my bags and just wait for them to go higher (and they will)
But that confidence should not stop me from taking profit on the way up
That was the real mistake, not taking enough profit left too much liquidity stuck in plays, and that ended up creating another problem: I couldn’t stay active enough in a market full of opportunities
I had to sit on the side and watch other moves happen without being able to participate, watched scam chart from 300k to 17m
Then, Burnie alone gave a 70% move from the lows. That could’ve been my 3rd trade. Same thesis, different timing
So from now on I’m adapting the process a bit
I’m going to split things into two wallets
One wallet will be used to take profits on the run-up
The other will be used to hold the core bag longer and let the bigger thesis play out
My long-term conviction on a bag should not affect my short-term execution this much
Trading’s the most brutal profession
Someone at rock bottom today will be retired in 2 years
Someone who peaked today will round trip everything in the next 2 years
You made it? They call you lucky
You lost it? They call you gambling addict
$10,000,000
put $5.2m into ZEC and HYPE in late march / early april. up 89% in a few weeks.
didn’t expect it this fast. BTC’s barely moved in that window. got lucky on timing, right on the picks.
this isn’t over, job’s not finished