We've been in a downtrending market for the last 6 months.
Here are 11 great threads with crypto lessons that will help you prepare for the next bull market.
/THREAD
1/ The objective in crypto is to survive and outperform BTC & ETH.
In my opinion this is accomplished through one thing, conviction.
Thread on conviction and how I choose and invest in projects.
1/ On Bear Markets
You are down bad? Working at McDonald's? Your ATH net worth is only visible with a telescope? Your gf is wondering where all the money went?
Now what?
"ya i got this app and i bought 3 trainer shoes. All i gotta do is walking 1 mile a day and I make like $100. if I convert that to Solana at current prices, that's 2 Solana a day. If Solana goes to $1000, I'm pretty much making $2000/day just by walking 1 mile. You heard of it?"
Update On #Bitcoin.
A Thread.
1. Apart from Macro pressure and disappointing warnings from FED of raising Lending rate again, there seems to be no reason for Crypto to go down, fundamentally.
FED wants to bring inflation to 2%.
However that doesn't matter to charts.
The pseudonymous crypto trader @GiganticRebirth was feeling bearish at the market top last November. This is how his @RebirthDAO shorted the market crash. @0x_bae reports.
https://t.co/tHHpWnyRuG
5/5
By doing this, we have covered a number of untokenised platforms:
-Optimism
-Kwenta -Hop Exchange
-Arbitrum
-ZKSync
Don’t be too greedy and farm it with a crazy number of accounts in case you’ll get blacklisted.
WAGMI.
Some people are asking how I drew the range.
I looked at the high and the low of the price stagnation and then used the Volume area high and Volume area low with the range.
You can see the confluence of it with the price being in balance there.
Value area + PA confluence.
The secret to microcaps is to either buy early, or to buy the first support. Once everyone is tweeting about it it's time to get out. $MRI is a perfect example. It's ok to miss the hype train, there are plenty of other projects in the "buy early" phase.
Cheat Sheet.
Crypto has now become a game of grabbing liquidity from the retail.
If you rely too much on chart patterns, you will have a tough time.
If you rely too much on breakout patterns, you will have a tougher time.
Crazy leverage. People adding leverage since 47k, keep adding all the way till now, market could go up again only in 2 cases:
1. leverage long flatting their position
2. leverage long being liquidated
#btc#bitcoin