Channel: Crypto Narratives
I find this $VIRTUAL chart quite fascinating
Massive up only runner and leader of the strongest on-chain narratives of 2024, Burj Khalifa over 3 months, and then a strong echo bubble capped at the $2 res
(It obviously looks very cooked here but the last time I said this it went up 60% the next day lol... pretty sure it's really cooked this time tho)
Massive up only runner and leader of the strongest on-chain narratives of 2024, Burj Khalifa over 3 months, and then a strong echo bubble capped at the $2 res
(It obviously looks very cooked here but the last time I said this it went up 60% the next day lol... pretty sure it's really cooked this time tho)
Crypto Narratives
"Anotha one" $MASK
"Anotha one"
$BANANAS31
This was one of the nastiest, I've rarely seen such a controlled move up. Completely linear and with almost zero drawdown.
Extremely dangerous to short, here are the 2 ways to do it with lower risk imo :
- Wait for a first sign of weakness such as yesterday's move down that was V-reversed, and then you can start shorting with an invalidation slightly higher than the ATH (the risk is to be stopped out at the top ofc)
- Start scaling in the short once the market cap gets large enough so that you can feel the upside becomes "capped". Riskier because you don't have an invalidation, there is no certainty in such a trade, and a 3 sigma STD move could kill you.
$BANANAS31
This was one of the nastiest, I've rarely seen such a controlled move up. Completely linear and with almost zero drawdown.
Extremely dangerous to short, here are the 2 ways to do it with lower risk imo :
- Wait for a first sign of weakness such as yesterday's move down that was V-reversed, and then you can start shorting with an invalidation slightly higher than the ATH (the risk is to be stopped out at the top ofc)
- Start scaling in the short once the market cap gets large enough so that you can feel the upside becomes "capped". Riskier because you don't have an invalidation, there is no certainty in such a trade, and a 3 sigma STD move could kill you.
If you are a crypto-native and follow the prices of crypto daily, and your holdings are not yet skewed towards BTC... man you must really like pain
In my opinion you should definitely be holding a large chunk of your portfolio in $BTC
In my opinion you should definitely be holding a large chunk of your portfolio in $BTC
"Treasury companies and ETFs are buying billions worth of BTC weekly and yet the price does not go up..."
What ? $BTC is up +44% since the April lows lmao
It always goes up violently and in short periods, and a lot of people are sidelined and paralyzed when it happens
Maybe because they are looking tou hard for 'weakness' signs during the choppy times between all these moves up
What ? $BTC is up +44% since the April lows lmao
It always goes up violently and in short periods, and a lot of people are sidelined and paralyzed when it happens
Maybe because they are looking tou hard for 'weakness' signs during the choppy times between all these moves up
There is a lot of "why do we not trade stocks" talk at the moment
There is some validity in that
- Stocks benefit from permanent passive inflows
- Altcoins suffer from permanent passive outflows (new coins, unlocks, bagholders capitulating...)
$BTC is the only crypto that also gets passive inflows
There is some validity in that
- Stocks benefit from permanent passive inflows
- Altcoins suffer from permanent passive outflows (new coins, unlocks, bagholders capitulating...)
$BTC is the only crypto that also gets passive inflows
Crypto Narratives
$BTC price action will look more and more like $SPX price action and there is nothing you can do about this We are obviously still far away from the end of this 'transition phase'
This also means that you should fucking ease up on the "top signal spotting"
Imagine trying to look for top signals every week on the SPX over the past 15 years
It would be retarded right
Previous cycles collapses have traumatized a lot of souls in crypto
Imagine trying to look for top signals every week on the SPX over the past 15 years
It would be retarded right
Previous cycles collapses have traumatized a lot of souls in crypto
HTML Embed Code: