gold2024

Increased volatility in the form of intraday market wide 5-10% wicks is the cost of being in a bullish environment
Embrace it and adapt

The biggest reasons why I think odds are the bottom is in and this pump is becoming stickier by the day:
- Saylor selling at low $60’s
- context matters here: we are already almost a year through the bear market before this rally started.. which is why I lean against this being a ‘typical bear market rally’
- largest liq event in half a decade. These huge liq events usually signal longterm market pivots
- this move has happened so quickly and so ‘out of the blue’ that the large majority are offside. There is a lot of sidelined capital waiting to buy lower and on a pullback

During this bull run I think that’s the two best assets to own will be $HYPE and $PUMP
Never, ever fade onchain degeneracy whether it’s perps or memes

During this bull run I think that’s the two best assets to own will be $HYPE and $PUMP
Never, ever fade onchain degeneracy whether it for perps or memes

People are underestimating how much some of these alts can pump during bullish periods like this
You see the feed begging for a pullback and you want to purposely sideline yourself so that you feel instant FOMO and the need to buy back in higher
Take a chance, compound existing positions on pullbacks and let it ride

This is ‘go to sleep and wake up even richer season’. It almost brings a tear to my eye, we deserve this so much
Now that you have some exposure, you want to add on any pullbacks instead of panic closing your positions. Take a chance for once and let it ride

it's really happening, lock in and enjoy the ride

Not a bad couple of candles on $BTC but none of this is really actionable to me. I’m not comfortable to buy because simply due to 30 minutes of PA
I want to see how price develops overnight. We need to have some productive and ‘sticky’ PA. A full retrace would be extremely dirty but not a total shock, this sort of PA happened last bear cycle.
IF we stick then it’s time to lock in and start making some money. For now it’s a matter of watching and waiting to see how the next 24-48hrs unfolds

It's always important to gauge sentiment of the masses. Last year the majority was in disbelief about a potential top at the end of the '4 year cycle' timeline yet we topped out within a week of where we have historically done.
Fast forward almost a year later now (wow time flies) and it seems like those in disbelief about the 4 year cycle are now all on board with it, and they are now parroting the exact same thing: Buy as close to October as possible since that will be the bottom and we will do this all again!
The markets never really work like this. The train never stops at the perfect time

Michael Saylor is in the process of selling the bottom
Hold on guys, we are slowly but surely nearing the end of the bear market

Flat, sidelined, fully in cash and never felt better
Just a couple more months guys… then we start this all over again. See this as a good thing. Use this time to prepare and recover. Because the bull market will bring you a lot more success, but alot less free time

I haven’t taken a trade in 2 weeks, the longest time without actioning anything in 5 years. Truly feel like a changed man.
I feel as though I’m missing out on nothing right now by staying flat here.
I hope you guys are enjoying your summertime and avoiding unnecessary losses of PnL and brain cells

I think you do nothing and outperform here. There’s a solid case for time base capitulation yet to unfold.
Unless you have a really good reason to click buttons - then don’t at all.
Boredom will cause a lot of unnecessary losses. Occupy your time with other things.
Focus on sharpening your trading psychology.

$ZEC has pulled these sorts of moves before in prior cycles before fully retracing and doing nothing for years
Why is this time different? People are acting like it’s different
Give me valid theses

One major thing I’ve learnt during 2018-2020 is that DCAing alts with the idea of trying to hold through to the bull market is a fools errand.
So many things can go wrong. Simply wait for an obvious HTF trend change on BTC and then bid.
1. Most of last cycles tokens won’t enjoy much of the upside during the next cycle
2. DCAing blindly is just burning money and can be a serious opportunity cost

Nothing is too interesting to me here in the market. I'm currently in Europe for the entire summer, and honestly it's helped my trading ALOT. My trading frequency has gone way down - I've still been checking into the market but just watching mostly.
The last month I've taken mostly very short term trades (day trading). Up until a month ago I was still trying to go for bigger wins. For me these bigger wins are mid 5 figs+, and it just got to a point where I would roundtrip these amounts many time throughout the month. It was just super frustrating.
Since then I had decided to switch it up and