RSTK - we really gonna play this game again? annoying af tbh
Meanwhile, pretty easy 30%-55% opporunity in hpos playing it back to the upper range. Eth onchain gearing could still happen soon to push it past there
hard to sit on my hands with rskt when that hpos set up is so clear, esp when u know whales holding the floor and money's sidedlined ready to ape into bitcoin thinking they're being "smart" for frontrunning an eth on-chain rotation
Meanwhile, pretty easy 30%-55% opporunity in hpos playing it back to the upper range. Eth onchain gearing could still happen soon to push it past there
hard to sit on my hands with rskt when that hpos set up is so clear, esp when u know whales holding the floor and money's sidedlined ready to ape into bitcoin thinking they're being "smart" for frontrunning an eth on-chain rotation
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Was hard to do but swapped Blur back to my existing RSTK pos.
RSTK had a mini shake out bc the market started going down but the r/r here was too attractive
RSTK had a mini shake out bc the market started going down but the r/r here was too attractive
Interestingly the panic dip gave ETH some breathing room to retest support and find demand after breaking out of a 1 month consolidation period.
Ideally that was enough to help it push into the 3K level where it would catch up with BTC. Would expect it to stall there for a bit while alts/midcaps (L1's, narratives, etc) to consolidate for a bit.
Would be a good recipe for liquidity to start coming back on chain towards the second half of january and heat things up for when Blast stakers are able to bridge back at the start of Febuary
....... or we just nuke. No one knows EOD, but feel like above is more likely.
Would be invalidated if we have a clear/aggressive break of support
Ideally that was enough to help it push into the 3K level where it would catch up with BTC. Would expect it to stall there for a bit while alts/midcaps (L1's, narratives, etc) to consolidate for a bit.
Would be a good recipe for liquidity to start coming back on chain towards the second half of january and heat things up for when Blast stakers are able to bridge back at the start of Febuary
....... or we just nuke. No one knows EOD, but feel like above is more likely.
Would be invalidated if we have a clear/aggressive break of support
BGC Priv Journal
Was hard to do but swapped Blur back to my existing RSTK pos. RSTK had a mini shake out bc the market started going down but the r/r here was too attractive
was able to squeeze 20% or so but cut early to buy byte. Someone bought $200K in one go and it was jeeted down.
The sells were probably auto sells from:
- limit orders being set
- it's a friday night so not many eyes may have seen that
- generally not as many eyes on ethereum coins since it's not been hot like Solana.
ETH retesting support today also made the whole TL think it's over (bearishness was big today), people probably signed off for the night. Overall it feels like a good opportunity to take a stab at it as a hold. Feels like not many saw and was able buy Byte when it was jeeted down, so not far above where the price of the $200k buy
The sells were probably auto sells from:
- limit orders being set
- it's a friday night so not many eyes may have seen that
- generally not as many eyes on ethereum coins since it's not been hot like Solana.
ETH retesting support today also made the whole TL think it's over (bearishness was big today), people probably signed off for the night. Overall it feels like a good opportunity to take a stab at it as a hold. Feels like not many saw and was able buy Byte when it was jeeted down, so not far above where the price of the $200k buy
BGC Priv Journal
50-70% upside vs. cut at 7-9% downside This Risk/Reward set up is to good to pass on rn. Even if cuting the upside early at 30% to the midrange, r/r still is really good here
Ticker Bitcoin seeing a lot of capitulation as ETH taps support, bro is fully out, was selling in $40K/$60k chunks 0x2F79978041392EbB7f1f741939E63E70c8e70100
BGC Priv Journal
50-70% upside vs. cut at 7-9% downside This Risk/Reward set up is to good to pass on rn. Even if cuting the upside early at 30% to the midrange, r/r still is really good here
really walking the line, Eth bouncing off support though should help + this people are fighting for this support
BGC Priv Journal
not looking the best anymore. ETH please hold the floor 🙏
ETH just chopping, every 1% down the TL loses their sh*t.
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Been slightly overtrading on ETH for no reason bc conditions do not warrant it at all.
Solution:
- Sold 2 pixelady's for some to raise eth$ (i hate NFT's, was a dumb idea). I still have 1 pixelady for milady exposure, there's only 20 in the whole collection with the hair/headband trait so that's probably the one to just hold as a "make it bag" for milady exposure (idk much about NFT's)
- Trimmed a small of ticker bitcoin today to raise some eth. There was a lot of capitulation yesterday that wicked it below support, but it quickly regained the level and is now hovering above. Trimmed bc i wanted to get some eth, but leaving the bulk in. There's still some time for it to play out and think this is relatively simply trade and great r/r.
- RSTK start re-building from Eth raised from pixel lady + the bitcoin trim. This is a slow cook so i don't mind adding to it over time with profits. Only case where I would add heavier all at once is if there's a clear sign it's about to really just take off.
- BTFRLY - Will also adding more to BTRFLY with profits to build it up as welll. BTRFLY is another slow cook where i think there's time to build the position with profits vs. going heavy all at once.
- Data Lake - Been thinking about starting a position here with some profits as well. Havn't started a position yet, but DeSci will probably get a bid at some point. If theres a better play out there lmk, RSC is a bit high but it's co-founded by Brian so it could also be a move
Most trading I'm gonna be doing is on Solana where conditions are move favorable. Moved there with 1 sol and ran it up to 21 sol after a few days (that place is wild). ETH sticking to slowly building up RSTK & BTRFLY as slow cooks and giving ticker bitcoin some time to play out.
Solution:
- Sold 2 pixelady's for some to raise eth$ (i hate NFT's, was a dumb idea). I still have 1 pixelady for milady exposure, there's only 20 in the whole collection with the hair/headband trait so that's probably the one to just hold as a "make it bag" for milady exposure (idk much about NFT's)
- Trimmed a small of ticker bitcoin today to raise some eth. There was a lot of capitulation yesterday that wicked it below support, but it quickly regained the level and is now hovering above. Trimmed bc i wanted to get some eth, but leaving the bulk in. There's still some time for it to play out and think this is relatively simply trade and great r/r.
- RSTK start re-building from Eth raised from pixel lady + the bitcoin trim. This is a slow cook so i don't mind adding to it over time with profits. Only case where I would add heavier all at once is if there's a clear sign it's about to really just take off.
- BTFRLY - Will also adding more to BTRFLY with profits to build it up as welll. BTRFLY is another slow cook where i think there's time to build the position with profits vs. going heavy all at once.
- Data Lake - Been thinking about starting a position here with some profits as well. Havn't started a position yet, but DeSci will probably get a bid at some point. If theres a better play out there lmk, RSC is a bit high but it's co-founded by Brian so it could also be a move
Most trading I'm gonna be doing is on Solana where conditions are move favorable. Moved there with 1 sol and ran it up to 21 sol after a few days (that place is wild). ETH sticking to slowly building up RSTK & BTRFLY as slow cooks and giving ticker bitcoin some time to play out.
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Also will never talk about SPX here. It's my highest conviction and i've been accumulating more over this last month. It's going to valhalla when the conditions are right, Stop Trading & Believe in something is real
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BGC Priv Journal
50-70% upside vs. cut at 7-9% downside This Risk/Reward set up is to good to pass on rn. Even if cuting the upside early at 30% to the midrange, r/r still is really good here
Cut ticker bitcoin. there are way to many jeet whales in at the moment. It's the second time it broke support, have to be strict with the planned stop on this one.
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BGC Priv Journal
Blur - Looks reallly really interesting here. I've struggled with midcurving Rational thought: The token is useless gov token with 0 value However, Left curve in me: if OS launched a token last cycle what would that peak valuation have been?
I think it's time for Blur to finally do it's thing.
this is going to be so annoying. We wanted this gay etf. We deserve this
CNBC analysis is going to be comical tho
CNBC analysis is going to be comical tho
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BGC Priv Journal
this is going to be so annoying. We wanted this gay etf. We deserve this CNBC analysis is going to be comical tho
Noting this -
That was a big order at support. Wonder if that was a limit buy at support by a big MM or a market order. Either way thats huge notable demand creating that type of divergence
Eth Price: $2,498
That was a big order at support. Wonder if that was a limit buy at support by a big MM or a market order. Either way thats huge notable demand creating that type of divergence
Eth Price: $2,498