Alright Lizards, we crushed the $110K target. Time to talk about what's next.
Looking at the macro picture, the Fibonacci extensions are painting a clear path toward $160K as our next major target. This isn't some moonboy hopium - it's what the math is telling us based on this multi-year ascending channel structure.
But here's the thing everyone needs to understand: just because we have a target doesn't mean it's a straight line up. There will be corrections, pullbacks, and moments where it feels like the world is ending. That's how bull markets work.
And for the love of all that's holy - DON'T FOMO INTO NEW ATHS. I can't stress this enough. The best entries in bull markets happen during the corrections that scare everyone else out. When Bitcoin pulls back 15-20% and X is screaming about the "top," that's when you add to your stack (until you not, because metrics have turned bearish - but we're not there yet).
We just broke a major psychological level. Smart money will not buy here. Retail will chase. Guess which group typically wins?
The target is $160K based on Fibonacci extensions, but getting there will be a journey filled with opportunities for those patient enough to wait for pullbacks.
Stay disciplined. The real money is made by those who can resist the urge to chase green candles.
You can hodl your #Bitcoin. That's fine. Buy on pullbacks and sleep well at night.
But if you're in #Altcoins, the situation is completely different.
No matter how revolutionary "the team," how promising "the roadmap," or how game-changing "the use case" - ultimately, they will all go to zero against BTC.
I don't care how much you love your bags. It's about hype cycles, and while that hype can be absolutely gigantic, trading alts is like playing Mikado while on a rollercoaster.
If you decide to go down that road anyway, here's what I'm doing (this applies to longer-term positions, spot only - not talking about swing trading or futures):
Focus on few projects. Don't overdilute your portfolio with 20 different shitcoins. You're not building an index fund.
Don't buy obvious garbage. Skip the "dead" projects or obvious rugpulls. Use your brain.
Buy fear like it's on sale. Look at 3-day RSI or weekly RSI and ONLY buy when it's screaming oversold below 30. This sounds stupid simple, but it works.
Check the long-term chart. Pull up a 3-5 year view. If it looks like total crap, move on.
Do basic research - token unlocks, TVL, actual user numbers, etc.
Scale in properly. 3-5 entries at key support levels. Don't hero-buy the whole position at once (this was one of my biggest mistakes int he past).
Take profits like your life depends on it. Be happy with 50%, 100%, or 200%. Don't wait for that 100x.
Roundtripping your gains is infinitely worse than "selling too early."
Nobody went broke taking profits. Rinse and repeat. The cycle never stops.
Not financial advice (although it might read differently, just sharing experience)