LUNA $62 target hit ✅

our first guide is out!

this guide is for newer traders looking to start but are daunted by the amount of things to learn

it covers the basics of orders, terminologies, and psychology

I hope that this will help you guys out!

cheers!!

interesting results from the poll!

majority thinks it'll end it Q1

20% also think that it'll be a slow and steady climb over the years instead of a bear market

my man Jack Dorsey going all in

https://zycrypto.com/jack-dorseys-square-changes-name-to-block-as-it-aims-to-make-bitcoin-the-planets-preferred-currency/

testing out a new saas this month

if you're keen to subscribe to trade pals you can now do so through the automated bot @cmsub_bot (updated)

payment and verification is automated so it should be easier and smoother now

cheers!

Omicron has been spreading, fear looming

idt it's severe enough to cause a black swan, but enough to stall markets

keeping things realistic, BTC having to hit $100k by eoy would mean almost 2x on the largest mcap digital asset within a month

you reckon?

https://www.bbc.com/news/world-africa-59503517

who doesn't want free alpha?

here's Messari's 2021 review and outlook for 2022

I personally would be spending some time everyday to read this report

I hope you're interested too

enjoy fam

cheers!!

the difference between the Internet and Blockchain:

Internet has a "thin" protocol, "fat" application

Blockchain has "fat" protocol, "thin" applications

with the internet, you'll want to invest in the applications

but with blockchain, you'll want to invest in the protocols as they capture the most value

tldr; protocol > application

amazing read

https://www.usv.com/writing/2016/08/fat-protocols/

#reads fat protocol

starting a new hashtag #reads to compile educational materials about crypto along w my summaries and understanding of it for easier reference in the future

insightful thread

crypto has mostly decoupled from BTC this cycle, finally getting validation for their use cases

as crypto is receiving adoption, devs have to figure out ways to make crypto more accessible with simple UX and tools, lowering the barrier to entry into the space

the inertia needed to start in crypto can be really high with the amount of things to take note of (e.g. gas fees, slippage, networks, etc.)

that is when the simpler the UX or usability, the better the position of a project

https://twitter.com/AriDavidPaul/status/1436330902250999812?s=20

#reads #newbie

BTC is now trading in the 52k region

it's bounce or die here imo

given the Omicron + tapering + Evergrande fud,

we've reached the expected pessimistic zone and might even temporarily break lower with a further fud

if there's an entry for dips then this would be your best bet

at this point I'm treading carefully

it's best to stick to high conviction plays and avoid all others

I'm looking to focus my basket and portfolio instead while deploying usdt rationally

I want to remain objective here

on-chain metrics still point to a bull market

charts aren't as beautiful so I have some reservations in the short term

this is a clear breakdown and not an optimal scenario for BTC and it makes no sense to blindly keep calling a bull market in the short term because that's just twisting and warping reality to fit your bias

instead of blindly calling moon or pump to give hopium, I will just share my thoughts and mumbles

you can make your own informed decision as you should from here

tldr; I am still buying my high conviction coins, neutral short term, bullish mid - long term

p.s. it's gonna take awhile for recovery

I guess it was a sign to exit at least some ^

hence the importance of scaling out and never timing the top !!

this actually makes sense

the stalling of the eoy bull market could possibly be due to one final hammer from China waiting to occur (what's happening right now)

the BTC sell off was SPOT driven, not caused by derivatives

“In fact, 1,500 BTC alone was sold in less than a minute at the time of the drop.”

very possibly China whales are selling their btc to avoid the delayed enforcement

after which (OI and leverage flushing) we start heading up

thus, the question now would be

are they done yet?

https://sg.news.yahoo.com/bitcoin-drops-9k-hour-053813411.html

https://twitter.com/bobbyclee/status/1466421539419705360?s=20

some hindsight on-chain metrics before the crash

surge in premium index showing buying pressure on exchanges

this time it's different from the May crash 👌🏻

https://cryptopotato.com/3-on-chain-signs-that-flashed-shortly-before-bitcoins-16k-daily-crash/

the tone has been set for december, but doesn't mean it can't change

likely to be a slow month of ranging which can be rather painful

just proposing some possible fractals moving forward

area of interest 40 to 44k

december will be another month where patience is tested

we still see a bullish net position change on all exchanges on BTC

ETH as well