chucktrades

cRyPtO | Nothing I say is Financial Advice - just havin' fun

[chucktrades @chucktrad3s]

quick thread 🧵

the first thing I learned when I got into this space ($btc) ~5 years ago was "market cycles"

bear and bull markets - simple

I remember first learning about Bitcoin's 4-year cycle and thinking "wait, there's literally a blueprint for this sh*t!"

[chucktrades @chucktrad3s]

Are we about to get a very, very delayed alt season before $btc drops below $50k again…

[chucktrades @chucktrad3s]

@Czar_Of_Silly @Egyptoid I’m not your buddy pal

[chucktrades @chucktrad3s]

I think making ‘long term’ leverage bets at this stage is dangerous

There’s been a lot of positive momentum in crypto lately and I, myself, have been DCAing into the projects I think will be long term winners

But I can’t say with certainty that the bottom is in yet

[chucktrades @chucktrad3s]

@Mazen_Hammoud

[chucktrades @chucktrad3s]

Timeline is very very bullish

Crazy how fast sentiment changed

I’ve been DCAing for a couple of months now

I still feel like there’s a chance we dip lower and the bottoms is not in…

But I’m torn

Either way, DCAing is the smartest move right now

$btc $hbar $crv $trac

[chucktrades @chucktrad3s]

@Cryptoinsightuk @BCBacker Now it’s @camelfinance turn

[chucktrades @chucktrad3s]

@CJ900X I would very much like this

[chucktrades @chucktrad3s]

However this plays out, it won’t be good for the market (short term)

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Senate has 3 days to pass the Crypto Clarity Act before leaving for summer recess.

[chucktrades @chucktrad3s]

@BasilTheGreat The irony

[chucktrades @chucktrad3s]

@SULLY10X I don’t know the different between her and the hawk tuah girl

[chucktrades @chucktrad3s]

@blackwidowbtc Good news usually is in crypto

[chucktrades @chucktrad3s]

@NoLimitGains @KadenPrete Relax

[chucktrades @chucktrad3s]

@damskotrades That’s the plan

[chucktrades @chucktrad3s]

@GeoMetric_9 @ them

[chucktrades @chucktrad3s]

@Corey2140 @TonySeverinoCMT it defiitely is but unfortunately the returns have diminished over the last few cycles

every cycle it's less

not trying to argue, it is what it is

[chucktrades @chucktrad3s]

@inairam321 @AltcoinSherpa Few more months

[chucktrades @chucktrad3s]

@AltcoinSherpa Agreed but lower first

[chucktrades @chucktrad3s]

I take no pleasure in saying this but

If you are bullish on $btc right now, you are going against the trend and you are wrong

Simple as that

Sure we may get a relief bounce here and there but why waste energy trying to be cute

Just follow the trend

[chucktrades @chucktrad3s]

@AltcoinSherpa it's already been written Sherpa - $55k will be breached, $50k will be breached, and if all goes well we get sub $40s

[chucktrades @chucktrad3s]

Is anyone surprised that $SPCX is retracing?

This only happens for nearly every IPO