Analysis paralysis?
Reduce position size & trade more.
Fear?
Reduce position size & trade more.
Often right, but often close early?
Reduce position size & trade more.
Stop doubting your ability.
Stop cancelling the practice you need.
Reduce position size.. and TRADE MORE.
$SOL
Lots of strength so I'll wait for all liquidity to be swept and short liquidations to come through + funding calms down. If those things occur while we're in the red box, I'll start hunting shorts for a strong retrace.
$BTC analysis + thoughts
33K is support until it's not. With that said, I'm a bit surprised by the weakness. Regardless of closing majority of my long at 35K yesterday, I expected a local blow off top more than a nuke.
In favor of the bears, I didn't like the fact that $ETH tried to run without Bitcoin last night (which led to a strong SFP rejection at Daily resistance). This is a BTC led rally (primarily due to pricing in the ETF ahead of time) and ETH attempting to move on it's own signaled to me that greed/typical cycle things were moving faster than expected.
A typical cycle has a BTC rally -> BTC rallies more (to a level such as 37-38K) -> BTC consolidates in a strong area -> ETH catches up -> altcoins catch up, but during this overall "cycle" we had one BTC push and immediately the rest of the market is trying to take advantage while BTC has not yet given the go ahead that we're actually extremely strong.
Overall, I'm still locally bullish as long as 33K holds, but my confidence is weakened. Additionally, "clean retests" such as 31.5K etc. should NOT be offered. When BTC is truly bullish and prepared to leg, it does NOT offer clean retests (and typically doesn't even offer clean liquidity sweeps such as the 32.5K low). We shall see.
𝐍𝐞𝐰 𝐁𝐮𝐥𝐥 𝐨𝐫 𝐄𝐧𝐣𝐨𝐲 𝐈𝐭 𝐖𝐡𝐢𝐥𝐞 𝐈𝐭 𝐋𝐚𝐬𝐭𝐬? (𝐎𝐜𝐭 𝟐𝟓 𝟐𝟎𝟐𝟑)
• $BTC analysis on HTF / LTF and trade plans
• $ETH and when I plan to be bullish on it
• Random alpha as always
In partnership w/ @PrimeXBT
RT appreciated!
youtu.be/op61s7SfciU
Video on the way explaining what I believe is next for $BTC and how I plan to trade it. Two trades will be outlined. Sneak peak below. I also go over when I'll get bullish on $ETH.
Locked in a bit more seeing the fight at this local swing level. To be honest I misclicked and closed a bit more than I wanted to, but then I asked myself (and this is a good thought process for TP'ing), I asked, "would I open a NEW long here", and I said no. Is what it is. $BTC
So far so good $BTC
Still has a little ways to go, but solid trade so far. I'll begin locking in small profits and tighten up the stop a bit. It's a winner regardless from here, but gonna let the majority run.
Before -> After ✅
So far so good $BTC
Still has a little ways to go, but solid trade so far. I'll begin locking in small profits and tighten up the stop a bit. It's a winner regardless from here, but gonna let the majority run.
Before -> After ✅
SBF bought celebrities and democrats using user funds and wanted to buy Telegram + more. Guy essentially completely disregarded FTX and it's users in favor of his personal quest to kingpin status and an eventual presidential bid. Complete clown show.
Credit: @innercitypress
Now we have random wick highs ranging from 29.9k to 30.7k across various exchanges. Can’t wait for people to base their technical analysis around wicks born by slippage that vary greatly between charts. $BTC
People saying "this is crypto", "this is a PVP market", rather than acknowledging the detriment that fake headlines have on the space and it's participants.
Some of yall are past helping not gonna lie. Completely blind to what's right/reality in hopes of wealth. What a shame.
Some people don't realize that these fake headlines have real consequences. This isn't "PVP", it's insider manipulation / straight up scamming. While this person was obviously risking too much vs. portfolio, it's still completely unfair. They don't deserve to lose in this manner.
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