KPi
@Kpi369
Followers
1K
Following
5K
Statuses
3K
Joined August 2023
Everyone keeps talking about this however I do not trade news unsure how to interpret it. but lets look at it logically: - if @binance were the ones absorbing etf inflows & they are now done selling isn't this actually bullish? Comments appreciated.
⚡️ LATEST: Binance sold 94% of its #Bitcoin reserves, 99.9% of $ETH and 99% of $SOL in January, though these were profits, not customer funds, analyst @_FORAB reports.
1
0
3
also this :
leverage only if you understand how to use risk. keep it low. I believe spot and hold into q4 top I believe will be best r/r trade for most. stop selling every other day trying to buy another dip. your TA will eventually fail you and you will have to buy higher.
0
0
0
Good morning! Remember this from previous post? "it makes more sense to range here for BTC at least another 4 weeks however alts could play catch up off their sold off levels" My strategy these past few weeks has been simple: - take advantage of short squeezes on oversold alts - scalp alts with leverage & buy more spot with profits Additionally have been keeping an eye on BTC everyday as it acts as a beacon of clarity for where the market is headed. Although I have been roundtripping profits in dollar terms...the overall amount of eth, btc, crv, wif, rndr, stx, etc. I hold has been only increasing. tldr: stay aggressive when opportunity presents itself (go heavy early vs late) & stay defensive when defense is required (take profits/stop-loss in profit/don't be greedy). For I believe higher remains preordained 🙏
What I mean by this is : - do we get the bounce here OR - do we continue to range for another 4 weeks Clue: Whichever side is leveraged more is at risk for the better reversal play. My opinion is it makes more sense to range here for BTC at least another 4 weeks however alts could play catch up off their sold off levels. We shall see however good to keep in mind besides charts which mainly provide invalidations, take profit areas etc. Wishing you all a blessed day! p.s. I believe its good time to read your bibles and prepare for Sunday; relax a bit. If there is much conflict in your heart read the Bible. It will help bring peace in your souls. Lets make CT great again and stop all the negativity and instead help each other out. Post ideas. Post counter ideas. Etc. Try your best and always improve! I have respect for all traders for its one of the hardest professions. Good night !
0
0
9
stopped-loss in profit. was a good trade however need to stay defense around US open.
0
0
0
Do you remember this message ? it was only 48 hours ago when morale was at all time lows and prices seemed destined to go to 0 according to most influencers. Now check the timeline. What do you see? Notice how suddenly everyone was "positioned" for this upside? Notice how suddenly vibe is changing? Do you see how wolves in sheep clothing operate? Based on YOUR attention. red day= influencers bearish green day= influencers bullish There is absolutely no real accomplishment for your trading career if you simply rely on others "tweets" to make you money. ESPECIALLY if you keep missing moves because others bearishness at support or bullishness at resistance. They are not to blame. If you followed your own charts you would have out traded your favorite influencer who is probably trying to prove how they knew this move was coming although they were bearish a few days ago. My biggest advice is stop relying on others. - Rely on yourself. - Study. - DO what you most do to be succesful. - Develop & accept your unique trading style. Preordained higher 🙏
About to start posting some charts however I wanted to address this: - I believe the overall mood on CT is worse than it ever was during 2022-2023 mainly because MMs took away an essential thing from market participants: HOPE Personally was part of the 2017 & 2021 cycles and have never seen morale as low as today. Hope has been destroyed. I believe the constant PVP, Pumpfun, $TRUMP, $MELANIA and the overall on-chain slaughter led to many market participants being drained & out of liquidity as these lows are being reached. As my friend said "Most got into crypto to get rich but are staying for the break-even" We went from alt season is here to now most hoping that mentally ill people like @kanyewest launch a new coin; And this is all while BTC is sitting around 100k the entire time. I believe this is a harder cycle than previous cycles so it requires you to adapt to the situation; its impossible to say "alt season is never coming " while human greed exists. But put your agony and greed aside and look at this logically: - President of U.S. is pro crypto (big market potential here if retail can trade more easily) - No more Gary Gensler (fired) - Crypto ETFs every other day - Banks, other nation states buying your coins It does not get better than this on paper however you have to adapt to the current cycle because I believe exlusing BTC there is small liquidity to go around. We had a solana season & I believe next will be an ethereum eco season with lauch of staked ETH ETF, Consensys bond issuing, ONDO RWA < all which will move volume to ethereum within this year. The main thing to watch is going to be BTC liquidity reallocation and dominance dropping to 40% within 2025; stop caring about money printing events & QE too much; do some research & study ETH adding $150B from 16-24 may 2024 (total2 is only $1.2T currently) I pray you do not allow this cycle to crush your hope. For when it is crushed it means we are close to an actual bottom. It was the same when BTC reached 16k back in 2023 many were calling for 10k and under. Or Solana in 2022 when it reached $8 everyone thought it would go to 0 even Vitalk wrote some nice words about Solana because everyone was bashing it. Same will happen now. Most will turn bearish right before the next move up. If you allow this to happen you will forever regret it and look back on this moment. I believe time to be bullish is at the LOWS not at the HIGHS. Have hope for where we are going we will not need charts.
1
0
9
