In my recent BCW AMA post, I ended with the following sentence "Its 100% adrenalin, fear and anticipation (and here is when you will need guidance because you will make the gravest of mistakes so listen to your mentors). "
Mistakes are caused by emotions, and there is no way that you can avoid them because we are human, instead, we have to try and control them. It happened to me in previous cycles, I know exactly how it feels, so I will try and explain it, so you can avoid this mistake. I'm assuming that you're now at a stage where you have your portfolio and are now waiting for your portfolio to earn profits. During a pump, you get hyped up. You feel that you need to get involved, and one of the ways that 'you feel' that you need to do is to click on the buy/sell button, even when there is no justification for it. Most of the time, you look at your coin and then you see another coin that outperforms it, so you sell it (during the pump) and buy the new coin, only to see your older coin pump later on. Its a pump, most coins will rise, its just that that each coin has its own small cycle, so if your coin isn't pumping now, it will catch up later on. In the mean time, every time you do this, you increase risk. You don't usually put the same effort in dyor in the new coin, because with emotions, everything is done in a hurry. In order for you to have a portfolio, it means that you have done your homework and now waiting for you investment to perform. The only way that I would sell any of my coins at this stage, would be if something went wrong (hack etc) or it has reached its top and its showing weakness.
Also, at this stage I would not take part in any ico's, airdrops or coin lock ups. You need to be ready for your exit, when the time comes.
Mistakes are caused by emotions, and there is no way that you can avoid them because we are human, instead, we have to try and control them. It happened to me in previous cycles, I know exactly how it feels, so I will try and explain it, so you can avoid this mistake. I'm assuming that you're now at a stage where you have your portfolio and are now waiting for your portfolio to earn profits. During a pump, you get hyped up. You feel that you need to get involved, and one of the ways that 'you feel' that you need to do is to click on the buy/sell button, even when there is no justification for it. Most of the time, you look at your coin and then you see another coin that outperforms it, so you sell it (during the pump) and buy the new coin, only to see your older coin pump later on. Its a pump, most coins will rise, its just that that each coin has its own small cycle, so if your coin isn't pumping now, it will catch up later on. In the mean time, every time you do this, you increase risk. You don't usually put the same effort in dyor in the new coin, because with emotions, everything is done in a hurry. In order for you to have a portfolio, it means that you have done your homework and now waiting for you investment to perform. The only way that I would sell any of my coins at this stage, would be if something went wrong (hack etc) or it has reached its top and its showing weakness.
Also, at this stage I would not take part in any ico's, airdrops or coin lock ups. You need to be ready for your exit, when the time comes.
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Finally I want you all to understand what an "ALT run " is. I don't know if you lived through one before or not, but it is something spectacular and terrifying at the same time. Everyday, when you look at your portfolio you see it go x2 or x3. Everyday for 1-2 weeks, you look at your profits and your heart is racing. You are then given a false hope by your emotions, that this will last forever. Every coin that has been red for months in your wallet is now printing money. You canβt sleep at night. When you do, you wake up many times to check your phone. In the morning the first thing you do is check your portfolio, on the way to work, during work. Its 100% adrenaline, fear, and anticipation. To the experienced trader, itβs the feeling of walking on thin ice that can give way at any moment.
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Your next decision will be "when to get the fuck out".
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Btc dom holding below 56% again and dxy below 106 BUT the whole of crypto needs to take a breather, a rest, to catch up its breath in order to move higher. Tomorrow is a very important day and according to data, will probably set the mood for the weekend.
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BTC taking a much needed rest. Profits were taken and rightly so, but some of these profits found their way into ALTS which is to be expected, The 15 min wick to 92300 is significant because at some point it will be revisited. Historically, this is what happens. Our BTC is now on the upper line of our comfort box and I expect this line to be its backbone for now. There is mid confidence that the yellow trend line will come into play. Note, this is a descending trend line, which will bring BTC into the box. BTC dom now below 56% and may break below 55% today. This favors ALTS, and they will out perform BTC today. For the new members, note I only use BTC chart to get a direction of the general market. You should be in ALTS now, and its the sideways/weakness of this chart chart that determines direction for ALTS.
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In 6 hrs we have unemployment data. Above 4.2 will put pressure on all markets, including crypto. Watch and react. Pre-markets may have an indication of this number shortly before release so we will observe and we may spot something in 5 hrs from now.
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Its important for us for unemployment to come at 4.2. This will give us a good mood and enough momentum to carry us in green during the weekend. Again, emphasis will be on ALTS. If, by any chance we get 4.1, fasten your seat belts.
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For the next week, I will be concentrating on cycles and fundamentals. Need to time the top on ALTS as accurate as possible. There are events that we have absolute no power over. A lot of fundamentals that may overpower cycles. We have our 2 top narrative and as I write this, we exit on the first top, but before we do this we will see how the second top is progressing. This may extend our objective for another 7-10 days, which, surprise surprise, coincides with the Γ/- 5-7 day error that cycles have.
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For the time being, there is no greater bullish factor for ALTS, when BTC is weak and they go up. Repeat, you should be in ALTS now.
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Note of education: When markets (wall street) open, always wait for 1-2 hours for the dust to settle (manipulation to play out). We are still connected (dependent) to a significant extent.
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Entering the weekend at above 100k will be very rewarding for ALTS.
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Wall Street closes in 10 minutes. BTC will then be under the control of retail. There will be less volumes which means mote volatility. That means that any move will be more rapid.
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Wall Street Daily
Wall Street closes in 10 minutes. BTC will then be under the control of retail. There will be less volumes which means mote volatility. That means that any move will be more rapid.
Read the attached post. Volatility exactly at the time of market closure (arrow) bringing BTC back into our orange channel.
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This concludes the shared posts from premiums. I hope you enjoyed the posts and found them useful, both in your trading and education. The premium members voted in favour of sharing these past 2 days, and this is an indication of the generous and helpful theme in our group. I wish you all the best in the weeks and months to come. Use what you learned to avoid traps and pitfalls. Remember that everything can quickly come at an end.
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If you wish to join Wall Street Daily premium the link is t.me/WallStrDaily_bot?start=premium
Subscription is only $10 per month, paid in USDC via BASE chain for extra low fees. For this, you get access to premium tg channel with numerous post with predictions, charts and videos. You also get access to premium chat where you can ask questions and take part in discussion.
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