Forwarded from Birds of a Feather
Think we are in the last inning of this extended cycle that started from Jan 2023 - I don't expect these phases to last more than a couple of months. Every marginal buyer in the world has to some extent capitulated and bought crypto, with both $BTC and $ETH now tagging all time highs.
My HTF ETHBTC target of 0.04 has also been reached, signalling to me that the ETH trade is effectively over.
What this means to me, is that I will no longer be playing offense - no more large size martingales on momentum, with a focus on capital preservation as opposed to capital accumulation. It is quite likely I miss the crazy moves that may yet happen, but that's okay because they don't fit in my system.
This does not mean I've sold everything and flipped short (on the contrary I'm still long), but with much lower nets. I look to DAT mNAVs as the indicator for when to aggressively step back into the market, and I expect majority of DATs to be trading under 1 mNAV by the time this is all over.
We've had a good run, and now it's time to touch some grass ~
My HTF ETHBTC target of 0.04 has also been reached, signalling to me that the ETH trade is effectively over.
What this means to me, is that I will no longer be playing offense - no more large size martingales on momentum, with a focus on capital preservation as opposed to capital accumulation. It is quite likely I miss the crazy moves that may yet happen, but that's okay because they don't fit in my system.
This does not mean I've sold everything and flipped short (on the contrary I'm still long), but with much lower nets. I look to DAT mNAVs as the indicator for when to aggressively step back into the market, and I expect majority of DATs to be trading under 1 mNAV by the time this is all over.
We've had a good run, and now it's time to touch some grass ~
Forwarded from Wu Blockchain News
According to Lookonchain, Matrixport (or its clients) appears to be selling ETH for BTC. Yesterday, it withdrew 2,354.6 BTC (about $272M) from Binance and OKX. Prior to that, multiple wallets linked to Matrixport had deposited 95,873 ETH (about $452M) into Binance and OKX. — link
don’t be too hyper fixated on numbers when it comes to selling
“sol hasn’t reached ath, we defo haven’t topped”
“but eth just broke out of a multi year range, lots of room to go”
“my portfolio is close to ath again”
market doesn’t care
when it’s time to sell, sell
“sol hasn’t reached ath, we defo haven’t topped”
“but eth just broke out of a multi year range, lots of room to go”
“my portfolio is close to ath again”
market doesn’t care
when it’s time to sell, sell
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Forwarded from Coingraph | News
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Forwarded from Cointelegraph
🚨 MASSIVE: Google searches for "crypto" have spiked in the past 24 hours.
Read more: ct.com
News | Markets | YouTube
Read more: ct.com
News | Markets | YouTube
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Forwarded from Arcane Gems (Carranza)
regarding CR7, be careful
there may be people leaking “ECAs”
after Kanye, you’ll believe CR7 is coming
but most likely, it won’t, and it’s just a rug
there may be people leaking “ECAs”
after Kanye, you’ll believe CR7 is coming
but most likely, it won’t, and it’s just a rug
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footballdotfun reminds me of fpl that i used to play a decade ago
worth checking it out if you're a football fan, because you might have the greatest edge in picking players:
https://pro.football.fun/login/?referral_code=UN5UNH2T13L
worth checking it out if you're a football fan, because you might have the greatest edge in picking players:
https://pro.football.fun/login/?referral_code=UN5UNH2T13L
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