Gordon Chumway

$ETH 🤝 $SOL

[DonAlt @DonAlt]

I ran out of levels that I could try to knife catch at

Technically have to wait for $95k monthly support to be reclaimed
or for $60k monthly support to be hit

I'll let you guys do the hard work to get it to either of those, probably not gonna bother again in between

[Bluntz @Bluntz_Capital]

i think $eth probs a triple digit shitcoin in the bear market imo.

this entire bull runs price action simply looks like it was a corrective move up.

[€ｕｒｏＳｎｉｐｅｒ @TheEuroSniper]

This blue support looks $USELESS

[huf.hl @hufhaus9]

The 10 Commandments of Trading Crypto 📜

(from experience)

1. Don’t trade weekends

2. Buy the liquidations, don’t be the liquidations

3. Screenshot PnL = close half

4. Biggest losses come after biggest wins

5. Respect your SL

6. Offramp regularly to fiat or BTC

7. Protect capital, not your ego

8. Build a position, don’t just ape and pray

9. Being flat is also a position

10. Use @pear_protocol 🍐

[Andy @andyyy]

JUST IN:

Stripe is officially building their own L1 blockchain alongside prominent crypto VC Paradigm named "Tempo" according to Fortune Crypto.

It is a "high-performance, payments-focused blockchain" for the Fintech giants customer base.

[fejau @fejau_inc]

the denominator is worthless

gn

[Bluntz @Bluntz_Capital]

babe, new bluntz $btc macro video update just dropped.🚀

[Bluntz @Bluntz_Capital]

3d candles just closed, strong as hell.

clear your mind of the chop induced PTSD, its time to get into position and hold on for dear life imo.

100k inbound

#btc

[Gordon Chumway @wogjonsilver]

@SuperSteveFarms @friendtech Looks interesting 👀

[Steve 🚜 @SuperSteveFarms]

I'm starting to see the usual moon tweets that are part of bull markets, and I'd like to suggest a system that makes sure you eat well, while you still preserve your wins and not round-trip.

Firstly, imo we are not yet in a full blown bull market. Those are rare and short. Think 11/2020-5/2021.
I believe we are in one of those "are we there/could it be" runs. Think pretty much the entire 2020 or Q2 2019.

We are likely not in a bear market anymore as well. But can definitely see significant pullbacks.
Risk:reward is certainly good here. Most of the damage, if not all, has been done in 2022 and being carefully long here makes a lot of sense to me.

Now to the system. Not complicated at all. Also not financial advice but rather letting you know what works for me. Chose yours.

1. Chose 1-3 base assets that you believe are safe bets that can feed you well if you buy them down here. The classic candidates are $BTC and $ETH.

2. By default, allocate to the base assets. This is now your "cash".

3. Perfectly fine to stop here and enjoy the 4-7x that I believe $ETH can make you from here in the next bull market. But if you want, you can pick riskier assets which you believe can go much higher. I'm not getting into evaluation processes here, I'm assuming you have a good one or you're learning how to.

4. Allocate some into these riskier assets and keep track of price movement. Some will pump, some will lag vs. your base assets. Think weekly chart though. Don't stress about low timeframe moves. When something pumps hard, don't fade momentum, but gradually start selling into your base assets. If your base assets has 3x left in it and a riskier one ran hard and now doesn't offer 20x anymore but rather 4x, time to sell most or all, into base assets.

5. Innovation keeps happening so obviously allow for new coins to join your riskier bets as we go, as long as your base assets are not close to their targets.

6. Try to ignore moon boys and clear shills near the top, both for your riskier assets and for the base ones. At the height of the previous bull, there were mainstream predictions of ETH to 20k and BTC to 300k, as well as $AVAX to 1k. It will be the exact opposite of where we are now. Everyone will be crazy greedy as opposed to very fearful. That's when you sell.

7. When your base assets reach the low end of their targets, you should by then be allocated only to them and completely avoid riskier ones. I'd sell a lot of the base assets around there and allow for another squeeze up with a smaller portfolio.

8. Bonus, only if you are experienced. Now that you are mostly in stables, use 10-20% of them to catch a crazy 50% knife on your base assets. The fist dead cat bounce to mark the start of the bear can print you 50-100%. But it's not guaranteed, hence a small allocation.

No one can catch exact bottoms or tops. This is how I plan to play it. Cheers.

[BarryB ✍️ @BarryBluee]

How to Uncover a Presale Rug:

I found a new LSD protocol with some notable followers which has raised $133.000/ $650.000 so far.

[Gordon Chumway @wogjonsilver]

@SuperSteveFarms Conviction. You deserve the win 👍🏻

[Gordon Chumway @wogjonsilver]

@SuperSteveFarms Only triple digits for me but a nice profit! Cheers mate 🍻

[Gordon Chumway @wogjonsilver]

@SuperSteveFarms This aged very well 👏🏻

[Steve 🚜 @SuperSteveFarms]

I just spent an hour in the @LybraFinanceLSD discord. I have 6 years of experience in crypto and I've never seen such a chad team handle all concerns quickly, responsibly and with all the right answers. It's a minor bug folks. Risky project for sure, but what I've seen from the team today boosts my confidence big time.

[Steve 🚜 @SuperSteveFarms]

1/ I keep mentioning LPing / farming as my bear/chop market main strategy. I thought I'd write a thread detailing a few rules for how I do it successfully.

[Gordon Chumway @wogjonsilver]

@SuperSteveFarms Quality 👏🏻

[Gordon Chumway @wogjonsilver]

@SuperSteveFarms Well deserved 👏🏻