Rich

Curious about everything digital, food and travel

[jez (equity perps era) @izebel_eth]

WHY AM I HOLDING? I'LL TELL YOU WHY.  It's because I'm a bad trader and I KNOW I'M A BAD TRADER.  Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro.  Likewise the weak hands are like OH NO IT'S GOING DOWN I'M GONNA SELL he he he and then they're like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY'RE DOING buy back in but you know what?  I'm not part of that group.  When the traders buy back in I'm already part of the market capital so GUESS WHO YOU'RE CHEATING day traders NOT ME~!  Those taunt threads saying "OHH YOU SHOULD HAVE SOLD" YEAH NO SHIT.  NO SHIT I SHOULD HAVE SOLD.  I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU.  You only sell in a bear market if you are a good day trader or an illusioned noob.  The people inbetween hold.  In a zero-sum game such as this, traders can only take your money if you sell.

[Reetika @ReetikaTrades]

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🕯 Good cpi + 🕯
20% alt candles
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[Cobie @cobie]

People that mourn mistakes simply don’t believe in themselves. Everyone that wants to make it in 1 month is really saying “I need to get very lucky because I do not believe I am equipped to make it in a sustainable way over the next 5-10 years”. Those people would be much better off studying, trying again, failing, learning, etc until they do believe in themselves. And then it doesn’t matter.

[Ledger 🇺🇸 @ledgerstatus]

Imagine selling on Christmas. Disgusting behavior.

[Rich @richardf00]

@GrindingPoet 31wfa8gyBVUUi4Xyoa8AvWiX81Bpisdk82n9EQa6EhBU

[Rich @richardf00]

@wenwencoin 96800

[Mercury @TraderMercury]

A full breakdown of my thoughts on the market, and how I'll be looking to execute on those thoughts

I've recently been very loud about how most coins in the market, including $BTC, have broken down below HTF trends, and shifted Market Structures on the Daily timeframe bearishly

when something that significant happens, the only 'bullish' argument left standing is exclusively visible on even higher timeframes

so in the current scenario, I can say: BTC is downtrending on the daily, but still uptrending on the weekly

similar to how the 4H 200MAs portray the gist of the trend for the daily chart (the timeframe higher, since they are a lagging indicator), the 200DMAs portray the general trend on the weekly chart

so my attention gets drawn towards the 200DMAs as the next significant region to be watching as a HTF inflection point

'inflection point' is the key there. I'm not just simply targeting support levels. I will happily acknowledge them as support. that's cool and all, but I'm not a 'support-level trader'. I'm a trend trader

so it's my job to look for key regions where I can make a bet on direction for a proportional amount of time, and percentage, to the timeframe that I'm trading on

so I'm assuming that at the very worst, we go to the 200DMAs, retest them as very HTF trend support, maintain a higher low on the weekly timeframe, and resume the bull market thereafter - if at all.

"wait, but if the weekly timeframe is still bullish, why not just keep holding and show exemplary patience, and outperform that way? Why overcomplicate it?"

because, take a look at where the very HTF analysis gets invalidated:

it's like saying "hey guys, don't worry about all the weakness on the Daily chart. As long as we're above $38k we're still bullish😃"

that's a bullsh*t analysis, even though it's technically correct. there's nothing you can do with that information in an actionable manner to create value for yourself. By the time the analysis is invalidated price will be -50% lower from the highs. eventually one day that analysis does get invalidated. every bull market is met with a bear market. by hoping that the market does not follow through with it you've now become reliant on the market. if you're reliant on the market eventually one day it will surprise you. you give back any gains (and then some) the day that happens. it's inevitable.

"okay, I hear you, but I don't like flipping bias in the middle of a bull market. It's scary. What if I end up sidelined?"

2 things:

1) I know BTC is not a great example of this, but when you assess your favorite altcoin (go ahead and try it on something like $DOGE, $RNDR, $NEAR, etc. it's the same), you would have provided yourself luxuries by assessing the structural shift on the daily, loss of a HTF trend portrayal (like 4H 200MAs), and often times a loss of a confluent support level as well.

In the case of $SOL, a lower low on the daily is put in at $162

as that's happening, we're also losing the 4H 200MAs, which at first glance, is a clear representation of the Daly Market structure, since we've consistently found HTF bottoms along that trend for ~2 months straight, during a 120% rally upwards

so now that the extremity of the trend has dialed up a notch because we're discussing a higher beta altcoin (more volatile), you can see how this sort of methodology of assessing the market can provide a much more comfortable experience in the market overall

in this case, upon shifting bearish on HTFs, and only remaining bullish on very HTFs, SOL sells off to ~$116, a -28% drop after having shifted bearishly on HTFs

from there, either we reach SOL's next inflection point on very HTFs, or we'll be forced to adapt to strength finding its way back into the market

2) "or we'll be forced to adapt to strength"

nobody can tell you what 'strength' is, but my definition of it is;

- reclaiming key levels/trend
- shifting structure bullishly (higher highs/higher lows)

if we've done those things; then we are showing strength on that dedicated timeframe, and I can anticipate a proportional kind of move to follow. If we have not; then there's no reason for me to sway my thoughts on the market, as nothing has changed - regardless of bounces, wicks, sweeps of the lows, etc. those things are fairly meaningless to me

so that is to say, the same way we engineered the mindset of 'flipping bearish' on HTFs, we now have the ability to reverse engineer the same mentality to acknowledge strength finding its' way back into the market for $SOL

what I mean by this is, how do you break the Daily Market Structure and lose HTF trend, without breaking the 4H Market structure and losing local trend beforehand?

you can't.

"if you wanted to build a snowman, you have to create a snowball first".

so if we wanted to see $SOL new ATHs, $BTC resume price discovery, or $DOGE to $1; you have to reclaim local trends first and show strength on smaller timeframes => you can then test HTFs to compound that strength => if successful, we can continue uptrending amongst all timeframes. but it always has to start somewhere

this concept refutes the fear of "but Mercury, my SOL bids were at $110, and price only went to $115. Did I miss the bottom?"

we can rationalize with those fears by saying "nah, you probably haven't missed the bottom because no strength has been shown yet". eventually there comes a day where you fear missing out on your bids, but price action will give you your bids and then some. right? we will one day go into a bear market and your fears will seem petty in hindsight, because the market will continue lower relentlessly. As long as no strength is shown we can justify holding off on the fear of missing out

we can also rationalize why those fears may be coming into fruition and look to counteract them in order to ensure we remain balanced in the market, fluid and adaptable, and exposed to a bull market to some degree in our trading portfolios

so we can play into the strength, in the form of reclaims of local trends, and assume that they will atleast lead to a retest of the HTF trends overhead, and perhaps even a reclaim of those HTF trends, ya know, since we are in a bull market

it would look a little something like this, for $SOL:

this is just one example of how I mitigate all fears the market could ever possibly attempt to bestow upon me

I can remain objective and refrain from 'buying dips' during -30% downtrends, getting slaughtered on the way down then coming to crypto twitter to post the one entry that worked after getting my ass handed to my several times prior

I allow myself the comfortability to buy HTF inflection points, if we ever get there

and I remain fluid and adaptable to the market, ensuring I can catch some of the upside and adapt to new information as it comes. developing exposure on coins relatively early in the grand scheme of things, when you consider that bull markets tend to be filled with an abundance of parabolic uptrends and things moving into price discovery

these things are not mutually exclusive. I have mitigated all fears, at the same time.

"but Merc, what if we get a 20%+ hourly candle and you're sidelined forever?"

I've already accounted for that too, with the investments in my ledger account :D

Balance is often underappreciated. We tend to reward the few heroes who roll the dice and risk liquidation or glory

you don't realize for every 1 hero, there are 1,000 losers

I have survived this market long enough to tell you the tale of the thousands of losers I've watched pass by

but I've only been able to survive by achieving balance

balance has allowed me to be ready for whatever the market brings

and my resume has allowed me to say that, regardless of what happens, I will win.

no words can express how great that feeling is.

find balance.

[Rich @richardf00]

@DirtOnBase @loserleaves 0xBee74B9134D83953e693d95A2fFf1768aD427aFB

[io.net @ionet]

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[Rich @richardf00]

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[io.net @ionet]

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[io.net @ionet]

The Ignition Program is live!

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Visit @Galxe to view and complete quests.

Join the official Discord and participate in the community.

This is the start of AI for the world.

[Rich @richardf00]

@wenwencoin @solanapoet @tensor_hq 31wfa8gyBVUUi4Xyoa8AvWiX81Bpisdk82n9EQa6EhBU

[Wen @wenwencoin]

@level941 Bat, Hat, and the Cat. The ultimate combo.

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[Rich @richardf00]

@echodotxyz Embrace
Change
Harvest
Opportunity

[MrBeast @MrBeast]

I’m gonna give 10 random people that repost this and follow me $25,000 for fun (the $250,000 my X video made)

I’ll pick the winners in 72 hours

[Berachain Foundation 🐻⛓ @berachain]

Users, developers, and validators can engage with the testnet through Galxe's Quest platform. The Galxe Quest platform will feature activities involving the core chain, its enshrined applications, and projects building in the ecosystem.

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[Rich @richardf00]

Verifying my Twitter account for my #GalxeID gid:rAvRm9zQbHc4m6fnxZLQeD @Galxe

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[mert @mert]

ok hold up let me get this straight

we have:

- bill ackman waging war on the entire higher education industry by pledging that he will review *every single academic paper they've ever published* for going after his wife

- epstein letters being released — indicating Bill Gates, Bill Clinton, and STEPHEN HAWKING

- the door of a boeing airplane literally flying off in mid air causing an investigation which finds many other boeing planes have loose bolts

- Elon musk calling Mark Cuban a racist and a clown for not hiring small Asian women to start for the Mavericks

- cobie nonchalantly announcing that he's the CEO of a new company

- the SEC FINALLY approving the ETF

- Gary Gensler claiming they were "hacked" and that the approval about hotly anticipated ETF approval was fake — destroying 2x as much market cap that was destroyed by the FTX blowup

- a full-blown civil war being live-streamed for Ecuador

- CNN host Don Lemon (who hates Elon) announcing an exclusive show on X

- World's most famous whistleblower Edward Snowden replying to Crypto Twitter's most prolific Solana bull and shitcoin connoisseur Ansem about nuclear code passwords being: 0000

and it's only Tuesday, 9 days into the year 😱😱😱

I can *not* believe this app is only 138.16 Bolivian Bolivianos per month @elonmusk

[Saga Owner Perks ◎ @solanasagaperks]

we're giving away 1 @sagamonkes at 10,000 followers.

simply interact with this tweet to enter 📱

[Rich @richardf00]

@solcasino D2Wz3NFd8mCcW765ZBJjPXaVc9ZRESQ4KfzD66GAoRoS