trenches should still remain hot as there will always be a subset of participants willing to or needing to hypergamble on picocaps to accelerate their port

Marathon Digital acquired another 1,300 $BTC ($130.66M) in the past 7 hours — lookonchain

nicely done

goldfish memory remains true as always

You already know my view on the market: I'm taking trades as long as they align with clean setups and staying defensive with Bitcoin under $100k. That’s my line—above it, I’m comfortable; below it, I dial back my exposure and play it more cautiously. A big part of this strategy is my belief that we’re on borrowed time for this leg of the rally. I expect the market to see some profit-taking as we approach year-end and the inauguration. The reason I am willing to mark off a close level and "buy up" is because momentum trades like this tend to work as things grow parabolic. It's a basic breakout strategy, and I am aware that the end of moves can often yield the largest percent increase in a very short amount of time.

Yesterday was an anomaly. Alts didn’t even have time to react to Bitcoin’s drop because a significant portion of the move originated from a single exchange position (OKX). I doubt we’ll get that kind of luck again, so I’m keeping it in mind moving forward.

Rather than a dull video reiterating everything I’ve already posted, I’ll focus on breaking down the specific Bitcoin long I took after yesterday’s liquidations. I’ll explain why that trade worked so well, so you can spot these opportunities in the future and capitalize on them as high-probability "pocket ace" trades.

So, the video that drops today will touch on this tweet.

Memes up

DeFi down

might be time for me to lock in soon

taiki’s curse is something to be studied

self-fulfilling prophecy at this point

people are so scared that they actually make taiki mark tops 😭

don't be disheartened if you have a low wr

what matters is that when you catch a winner you RIDE it all the way

to preserve high wr you will have to cut a lot of pnl short and there are very very few folks that can do both high wr and pnl

you are not an index fund

are you here for wr or pnl?

When you look back at your PNL over the course of a year you realize most of it comes from a few home runs

once again

conviction, clarity, and size

homerun

i checked cielo on my degen wallets and my average wr is only 38%

it do be like that

probably a good time to start your warm ups

the time to risk on might be here for a lil bit

then we play ball into 2025

hype will probably temporarily underperform and it'll be good to capitalize on the dips

rotators likely will have to buy back higher

control your itchy hands

worst thing you can do is rotate out of hype to get rugged on some memes imo

if you really have to, maybe stick to winners

the later part of the cycle will be biased toward good fundamental alts

but you have to survive until then to see it happen