Last few weeks have been great fun.
But honestly, look at the $ALT total market.
This is nothing like before... yet.
Some thoughts and musings...
But honestly, look at the $ALT total market.
This is nothing like before... yet.
Some thoughts and musings...
Whilst everyone is euphoric about the moves we've had (and the UK tax authority will be very thankful...), I still think we're yet to see any form of mania or mainstream attention.
YTD vs. $BTC [on a select basket] only a few outperformed BTC. Not surprising really...
YTD vs. $BTC [on a select basket] only a few outperformed BTC. Not surprising really...
There are of course some low caps that have absolutely flown; things like $PAAL, $ATOR etc. to name a few and a few other high cap coins like $KAS that have just blown up.
These offer a glance of what's achievable in the low cap space... and why I always play in that space.
These offer a glance of what's achievable in the low cap space... and why I always play in that space.
One proxy I use to evaluate money coming in/out of crypto is total USD[x] market caps.
It's not perfect, but it's been down only since May 22.... and only just started ticking up again.
Hardly a trade signal in and of itself, but a nice point of confluence.
It's not perfect, but it's been down only since May 22.... and only just started ticking up again.
Hardly a trade signal in and of itself, but a nice point of confluence.
![One proxy I use to evaluate money coming in/out of crypto is total USD[x] market caps.
It's not pe...](https://pbs.twimg.com/media/F_Cs13-XUAASPYR.jpg)
Another risk on/off metric is the dollar - $DXY.
Whilst I'm not going to pretend to be a macro goober, it's reasonably useful again as a piece of the wider story - suggesting risk is back on the menu.
Whilst I'm not going to pretend to be a macro goober, it's reasonably useful again as a piece of the wider story - suggesting risk is back on the menu.
So, what now?
You're somewhere between fully allocated and enjoying these gains, or have 0 allocation and exposure to crypto and watching everyone get hilariously rich while you're not [OGs will get the reference].
You're somewhere between fully allocated and enjoying these gains, or have 0 allocation and exposure to crypto and watching everyone get hilariously rich while you're not [OGs will get the reference].
If you're allocated:
Have a plan to take profits at some point.
I know someone who ran $30k -> $500k -> $100k in 2021 and never really got over it.
For $RUNE in 2021 as an example, I had TPs at $3, $5, $10, $20, $100 [yes, really] and glad I did.
Have a plan to take profits at some point.
I know someone who ran $30k -> $500k -> $100k in 2021 and never really got over it.
For $RUNE in 2021 as an example, I had TPs at $3, $5, $10, $20, $100 [yes, really] and glad I did.
For me failing to manage risk + emotions was the big 2017 lesson.
SmartCash alone was printing me nearly 5 figs a day from rewards and the euphoria was mind-blowing.
I went on to give back ~70% of my gains. Didn't make the same mistake in 2021.
SmartCash alone was printing me nearly 5 figs a day from rewards and the euphoria was mind-blowing.
I went on to give back ~70% of my gains. Didn't make the same mistake in 2021.
If you're not allocated:
The party has barely started if you trust this chart and think we have another insane run.
Take a deep breath and ignore all of the noise of gains on twitter.
Start marking up where you want to be allocated, why, where you're wrong etc.
The party has barely started if you trust this chart and think we have another insane run.
Take a deep breath and ignore all of the noise of gains on twitter.
Start marking up where you want to be allocated, why, where you're wrong etc.
From a traders perspective, alt beta is so good right now and simple LTF trades and rotations on the strongest alts with babypips TA are very forgiving.
ex. the $SOL long we discussed on stream.
Spaghetti & beta template here:
x.com
ex. the $SOL long we discussed on stream.
Spaghetti & beta template here:
x.com
My personal approach is simple.
I have a stack of $BTC / $ETH that I've DCA'd into for... years. So I always have some exposure.
I will be trading LTF rotations and the odd high timeframe swing.
I will be picking up some low caps/investing in new projects as they make sense.
I have a stack of $BTC / $ETH that I've DCA'd into for... years. So I always have some exposure.
I will be trading LTF rotations and the odd high timeframe swing.
I will be picking up some low caps/investing in new projects as they make sense.
I have marked up some levels on coins I want to buy if we get a pullback [cue 'up only haha ngmi side-lined crowd].
> There are always pullbacks, or opportunities on LTF to turn scalps into swings... something some consider to be a faux-pas
> There are always pullbacks, or opportunities on LTF to turn scalps into swings... something some consider to be a faux-pas
All of that said, I'm not hugely allocated for another 'insane bull run' with 100s of alts.
I think most people have the notional concept of risk:reward, but emotionally get over-exuberant as price goes up.
$SOL at $8? Scam.
$SOL at $65? Guess it's a good coin better buy some.
I think most people have the notional concept of risk:reward, but emotionally get over-exuberant as price goes up.
$SOL at $8? Scam.
$SOL at $65? Guess it's a good coin better buy some.
If I had to summarise:
- Risk on, long strength until wrong for now.
- I'm not investing my entire net worth into crypto; if we get a huge mania I'll be just fine trading + with current allocations
- If we do get a huge run; it has barely started... you still have time.
Fin.
- Risk on, long strength until wrong for now.
- I'm not investing my entire net worth into crypto; if we get a huge mania I'll be just fine trading + with current allocations
- If we do get a huge run; it has barely started... you still have time.
Fin.
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