I didn’t have to share that ATH #bitcoin short idea publicly, I knew I would get endless abuse from people if it didn’t work. But I decided that it was important to have some clarity on the feed for people at ATH. There were bearish ideas there, and most feeds were probably giga bull posts.
Better to have people think twice before all in high leveraging the top.
If I share a level I am interested in trading, I get asked alot "do you think that level will come?"
A lot of the time trading isn't sitting there thinking of what levels will come, its thinking about what levels you want to trade if they come. And there is a difference.
Just a reminder.. my short was a hedge against my longs. I am still leaning towards higher. Just saw an opportunity to catch a short to liquidate some ath over levered longs. It’s more comfortable sitting in longs if you have that short running to.
Probably gonna be some pretty clean setups Sunday. Just gotta see if we develop some structure here. I’m gonna lay low, and let the rest of move shake out over weekend.
My comments are literally the worst comments in term of bot shilling I have seen on X. Instantly 50 bot comments every time I post. Apparently I need to make my account private for awhile to stop it. So going private tomorrow.
The most dangerous part of a fast bullish move, is when everyone finally agrees that it is in-fact just shockingly bullish, and every dip is for buying. But its the end.
I am not talking about #bitcoin, but i am talking about some #altcoins
My plan for a #bitcoin short setup came to fruition.. Picture perfect from the other day. I still have longs, but nice hedge idea I think. with a short targeting these lows.
As I watch order flow, my confidence increases and decreases with every candle. So many longs yeeting, and closing, and yeeting.
So I will just stop looking at it. Either it works or doesn't.
How many people taking inspiration from hyper $1b position right now, risking everything on a 5% rejection, because they are inspired to take big risks and get rich like him I wonder.
Absolute psychological warfare to have that story everywhere on ath breakout.
Are you early in #crypto? yes. Probably. Does that mean you will make lots of money? almost certainly not.
Most of those who are "early" will pour all of their money into nonsense. They will be left bag holding rug pulls, and jokes that have gone to zero. Ultimately crypto is early, its at the stage where its just a bunch of clowns running around doing clown stuff. They think they are the heartbeat of crypto, but they will be remembered as jokes.
They are the reason the average person doesn't care about crypto, and they are the reason that most of you that were early will be holding literal worthless garbage when its all over. But in the meantime, have fun!
Price either goes up or down, at any given moment it’s typically around 50% of people guessing price will go up and 50% down.
But somehow Price Action has a way of making 95% of people wrong. Price goes up or down, but price action is how it gets there, and price action has a way of making almost everyone wrong.
#bitcoin $btc So far so good. Haven't shorted yet, to many top shorts to squeeze. I am open to shorts higher, but pretty tough spot to find a short at ath price discovery as a beginner.
Probably easier to tp on longs on weakness, and just chill. If we reject, last image is key support
In 2007 one of the best violinist's in the world stood in a DC subway, in plain clothes, playing a $3.5M violin.
He played 6 pieces. Out of 1,097 people that passed by. 7 people stopped for 1 minute to listen. He made $50 in tips, and half of it was from one person who recognized him.
It can be up to $300 to listen to him play at a concert.
Most people don't value things because they truly recognize brilliance, or beauty.
You value things you pay for, you pay for things you value. Its hard to get someone to stop and listen to a masterpiece if you don't make them pay to do it.