Strongest categories remain AI agent coins and memecoins

SUI and TRUMP among large caps too

The market does not flinch and is punishing shorts

they did it once again

yes, memes are worthless and eventually zero

don't mistake cycle plays for long term views

i've come to realise that most ct influencers are good at dishing out content but not alfa

afterall that is their game

and most that shit on memes this cycle are either:
1) eth maxis
2) fund analyst levels that are not in touch w whats going on the ground level (probably not their game either due to mandates)
3) people that suck at trading memes (usually veterans)
4) industry hopefuls that want more progress
5) defi farmers & probably others that prefer trading things that are logical

anyw, as traders you just need to log in everyday and play what the market presents you

the thing about markets is that you buy what the MARKET likes, not what you like

i think this is where a lot of people struggle, esp the ones that tend to think they are smarter than the markets

thank goodness i have a low iq

whether this rally is short-lived or not, just wanted to point it out once again

then you manage accordingly to your preference

because i've probably repeated myself too many times in the past 2-3 months

in the same vein, i do think memes will probably outperform *once again* as with every other continuation we've had this cycle

looking at cex memes + more established ones like fart etc.

think the current demographic of participants are attracted to fast money culture and likely won't settle for utility bids or slow cooks

pumpfun and its likes will remain hot with onchain runners albeit highly rotational

its a known fact that memes are illiquid and often take huge drawdowns - feature not bug

participants have been playing this game willingly and knowingly

they will continue to choose this game again and again

personal edits would include

- the level of outperformance will be much lesser as compared to 2024, but still likely to outperform
- old coin bad, new coin good (only fartcoin is an exception rn)

low to midcap trenches will ALWAYS remain hot

trenches should still remain hot as there will always be a subset of participants willing to or needing to hypergamble on picocaps to accelerate their port

whether size chads will be able to participate remains a question because pumpswap liquidity is worse than what we had previously

most will probably stick to btc and dabble in some mid cap shitters

because the precision required to select the right alts is extremely high in which i see respected traders also failing to do so recently

As long as Bitcoin stays above $88k (ideally above $90k), a final bullish move is likely before a strong reversal.

Some levels I’m watching to start taking profits:

• $BTC: $95k–98k
• $ETH: $2,000–2,300
• $SOL: $170–200
• #Altcoins: 30%–100% higher on average, depending on the coin

GM!

Not much to update. Just riding this bullish move and took the weekend to fully disconnect from crypto.

Still waiting for the targets above to be reached, and for ltf bearish signs, before starting to take profits.

Let’s have a great week!

ofc don't forget it only gets even more extractive as we move

if you choose to play the game, then don't complain

fewer folks will be able to emerge as winners relative to what we've seen previously

for this cycle, whatever spawned from pf whether meme or ai belongs in the same bucket imo

SPANISH GOVERNMENT HAS CONVENED A CRISIS MEETING AT OFFICES OF RED ELECTRICA DUE TO POWER OUTAGE - EL PAIS ...

MICROSTRATEGY PURCHASES 15,355 BITCOINS BETWEEN APR 21 - APR 27 AT AN AVERAGE OF $92,737 (TOTAL: $1.42B)