Every single new launch has red flags. As new teams proves themselves over time those flags dissappear. If they don't then you take profits and move on. Any team that's afraid to answer simple questions gets another red flag added. Any team that answers them gets one removed.
$SPX - I won't trade it but I will chart it and root for all time highs. This meme chart does a great job of tracking crypto sentiment, judging Ethereum strength, and is a good indicator of where we are in the cycle. All time highs probably means $ETH is back above $3k.
The good news and bad news about alt season. The good news is we'll get one. The bad news is it won't be all the tokens you are holding. As with every cycle the narratives change, the plays change, and it'll mostly be the emerging tokens that run from the Top 1000 to Top 100.
Bullish when Twitter is loudest is how you survive these markets. Nothing but clean bullish price action. Euphoria on the breakouts, then panic on the re-tests.
It's way too easy to be a bear here. Just like it was easy to be a bear during the lows of March 2020. Or easy to be a bear after FTX collapse. Trading isn't easy and you won't ever make life changing money taking the easy route.
$PRIVIX - High conviction play after seeing it's strength on the pullback. This market is being selective on what's going up so it's much easier riding up what's got the momentum. Usually prefer sharing dips for entries but it's a low enough marketcap so a 2x is still only 20 mil
$ETH - Support broke. Unfortunately crypto traders are a lot more emotional and responsive to geo political events so just have to wait longer for a recovery.
There's only 72 days in the entire history of Bitcoin where if you bought you would be at a loss. Seems most just have terrible entries if they are complaining or are overleveraged.
Want to know why so many are bearish? It's in the charts. We saw institutions, hedgefunds, and retail all start selling or shorting the local bottom. Then we had a violent V shape recovery which has squeezed or sidelined most. The FUD has started with moodys, tariffs, war, etc.
I haven't seen anyone tweeting that they are leaving crypto. There's a vast difference between seeing people sell to buy back later and selling to never come back. This isn't a crypto related news event so the rebound will come. So put away the 5 minute charts and relax.
I can understand the panic if you are new to crypto but it's wild seeing veterans still freak out on red candles after 5+ years of seeing every dip recover and new ATHs being made.