been very focused on sol eco the past few days and the returns have been better than dabbling on eth (at least for me)

still doing my normal perp tradings on hyperliquid and such, but i have taken profit on my longs in anticipation of a pullback

r/r is not the best in these areas to be opening fresh longs, but i do believe select alts will continue moving up

you'll have to pick the right ones and play the rotation game

the game of musical chairs will end, not if, but when

most importantly, keep dca-ing and spot buying winners, its the simplest and comfy-est strat

https://fxtwitter.com/dpycm/status/1724002270759862410?s=20

btw, what you see on CT is a very curated list presented to you by your algo

you'll mostly see winners and more winners flexing their pnl

understand that these are maybe the top 5% of the bunch

some are larpers, some are selective clout claimers, and v few are truly transparent and good callers

to make money in this market, find your edge and abuse it

it could be great research skills, finding narratives early, TA/trading, shitcoin scalping, arbitrage, etc.

if you feel like you don't have an edge in a certain field (e.g. perp trading), then don't participate in it by chasing longs after callers post them -> its -EV in the long run

esp in times like these, its best not to overleverage (like right now when funding is over the top)

if you feel like you have zero edge in any field, then just submit to strength and spot bid winners. can't go wrong w that

patience and discipline

wishing y'all generational wealth,
cheers

The funding rates have always been a fud package during each run. While funding rates matter, the market often settles them with quick spikes that are absorbed by rapid buybacks during a run..

if you’re in $grok/eth, best to read

https://fxtwitter.com/zachxbt/status/1724094712309489810?s=20

market is puking slightly here

how deep we pullback is uncertain

but i definitely won’t be shorting an overall bullish market

will maintain a long only trading portfolio for now

select alts will pump in rotation from now (eg. FXS is +10% rn)

if we pullback deeper i’ll be more than grateful to get my bids in

will attempt to enter swing positions on some alts at key levels as well

either that, or scalp bounces at strong supports

JUST IN: 🇨🇳 China's largest board and card game company, Boyaa, to acquire $90 million worth of Bitcoin and Ethereum.

@WatcherGuru

New Token Model: Progressive Ownership

#reads tokenomics

https://fxtwitter.com/ljin18/status/1724460527512850456?s=46&t=nluSw7cwYGx8zFxfoYi5Iw

been awhile since i've updated FXS

we're now at monthly RH and if we find acceptance above it, teleport it to $10 asap

will look for weekly close above and hold

trading at ~50% from weekly RL stated

original idea trade idea here: https://news.1rj.ru/str/cryptomumbles/4296