Has hat

[Has hat @_Rick_fil_A]

@ChrisCamillo @HealthRanger 🤣 thanks for the reminder

[Mayne @Tradermayne]

Now that we are near price discovery, a few things to consider:

You are going to see some insane price targets for the end of the cycle.

Most of this is just bullish hopium and euphoria—be careful not to get caught up in it.

There is no way someone can predict where and when the cycle will end with a high degree of accuracy.

The majority of people are purely guessing; some will use technical analysis (TA) and other strategies to make more "educated" guesses.

However, these are guesses nonetheless.

To avoid falling prey to the obscene euphoria we're likely to start seeing, it's best to create a solid plan of action.

How will you exit the market in order to maximize your gains and minimize the amount you give back?

Below, I'll explain my thought process as it relates to my spot holdings, specifically Bitcoin.

Once the top is in, prices will begin to distribute.
This can last anywhere from a few weeks to a couple of months.

During this time, we usually see the last hurrah for altcoins.

After distribution finishes, prices typically fall off quickly, often dropping 50% or more before slowly declining for the remainder of the bear market as volatility dries up.

What this means is if you mistime the top, you can see 50% or more of your gains disappear quickly while you wait, hoping for prices to continue higher.

So how do you avoid this?

I'm going to share three rules that I used over the last two cycles to help me sell near the top and keep the majority of my bull market gains.

1 - Market structure.

Once daily market structure was broken in both the 2017 and 2021 cycles, the top was in.

In 2017, there were two clear levels you could have used as your market structure break.
Once market structure (MS) was broken, you exit on the next bounce.

For what it's worth (Fwiw), this also worked at the $14k top in 2019.

In 2021, the same applied for both the April/May and November tops.

This cycle has been a bit trickier, as the last 6+ months of consolidation have seen multiple daily market structure breaks.

So, instead of relying purely on daily market structure, I will also use the 3-day (3D) market structure for confirmation.

The 3D chart will confirm more slowly, but once that breaks, I'll be confident the top is in—barring some kind of aggressive reclaim

2 - Portfolio Targets

This one is pretty straightforward. I have a few portfolio-level targets in mind, both conservative and more ambitious ones.

Once those levels start getting hit, I begin cashing out.

3 - Price Targets

This is the most difficult one because, as I said earlier, it's a guess.

I've always erred on the more conservative side. In 2017, I started cashing out above $10k, and in 2021, I started selling between $40k and $50k.

Did I nail the top? No, but I was close, and when prices were trading 50% lower not long after, I was very happy with my sells.

Keep in mind, I was fortunate enough to buy near the bear market lows, so selling anywhere near the top resulted in an amazing return.

What happens if your price target isn't reached? Refer back to rule number 1. If market structure starts failing before your targets are hit, perhaps your targets were too aggressive.

Summary

The beauty of the above rules is that they all work in unison. Just because you've exited the spot market and locked in your gains doesn't mean you can't still trade.

If for some reason we nuke and break market structure, but then aggressively reclaim the level, you can always get back involved.

I'd prefer to lock in gains and potentially buy back higher rather than keep holding and risk giving back a lot in a 50% drop.

I didn't sell at the exact top, and yes, when prices kept climbing after I sold, I did feel FOMO. But that quickly went away when prices dropped 50%, well below where I exited.

You just want to be close.

This is all my opinion, of course, and it's what worked for me over the last two cycles.

I am also admittedly much more conservative than many of you here. This isn't my first cycle, and I don't need to 100x to "make it."

For what it's worth, my price targets for Bitcoin are $100k/$110k on the low end and $150k on the high end.

I'll likely be selling and locking in gains well before the exact top is put in, and that's okay with me.

This is an extremely long post, but I went over a lot of what is written here in my YouTube video last night.

GLHF.

https://t.co/h8GmDNfrqu

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

$USELESS has now spent 116 days in the $200m - $400m market cap range — that's almost 4 months!

and its fundamentals has only improved the longer it stays in this range:

- second most traded memecoin on Coinbase after $DOGE
- second most traded onchain memecoin after $TRUMP
- continues to make new holder ATH almost daily while the rest of crypto bleeds
- remains the strongest memecoin narrative to emerge all cycle

all of the move make it clear that USELESS is THE memecoin to pay attention to going into the rest of the cycle

USELESS is going to rip aggressively out of this cursed range at some point

and when it does, it will be an aggressively explosive rally to multi-billions!

[Has hat @_Rick_fil_A]

@JDShuttlesworth Absolute fire 🔥

[Has hat @_Rick_fil_A]

@blknoiz06 Just make sure you add banana to every smoothie, makes em way better

[Has hat @_Rick_fil_A]

@blknoiz06 I’ve had the same vitamix for 12 years, still makes smoothies the way it did in the day I got it

[Breakout @breakoutprop]

How to set a real stop and size the trade around it.

Plan the exit first.
Mark where the idea is wrong... that’s your stop.

Example:
BTC long on an OB retest; stop below invalidation.
Check R:R before entry.
Size to the stop distance so a loss = your fixed $ risk.

If it runs, great.
If it doesn’t, you lose exactly what you planned.
Nothing more.

Full trading course 👇🧵

[Has hat @_Rick_fil_A]

@gainzy222 I quit vaping and nicotine all together about 5 weeks ago - I didn’t realize the constant anxiety I was living with in my life. And something crazy started happening the past few weeks, I started laughing again. I know it might sound funny but it was numbing my emotions too

[Has hat @_Rick_fil_A]

@yelotree YOLO

[Has hat @_Rick_fil_A]

@digitalartchick Thank you for always lighting the way when there was darkness all around us @digitalartchick ❤️

[Artchick 🔥👠 @digitalartchick]

Holy guacamole!

[Has hat @_Rick_fil_A]

@NullFUD I bought YHC at 2.5 because of you, and I wanted to say thank you for sharing about it here!

[Protege @finalcycle324]

Popcat

[sassal.eth/acc 🦇🔊 @sassal0x]

.@sharplink has acquired another 24,371 ETH ($73 million).

This is 11x the total net daily issuance of ETH.

Accelerate.

[Sharplink @Sharplink]

$ETH isn’t just part of our strategy, it is the strategy

[Has hat @_Rick_fil_A]

@KrownCryptoCave $Useless

[Mayne @Tradermayne]

He just redos his chart and draws a line straight down every time.

It’s so funny.

[threadguy @notthreadguy]

i’m pretty positive the secret to generational wealth is spending multiple hours a day on crypto twitter for the next 5+ years and doing what the smartest people do

your only challenge is to identify the smartest people and not get zerod out or go mentally insane before getting really rich

money making opportunities on the internet is obviously the theme of the next decade and crypto is just inevitable at this point

[Has hat @_Rick_fil_A]

@ExitLiqCapital 93 euros