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Degens Deteriorating
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still has more utility than whatever Vitalik has been doing over the past 10 years

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😁7🫑4
$SOL dropping hard,

down from $183 to $174

$SOL’s short-term moves often representing a prediction of what the market thinks $BTC will do next

(Though the markets can be wrong.)

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πŸ‘€5
All eyes on what $BTC will do next

Good reason to never max-long just below new ATH actually being hit,

That’s what wrecked Richard Heart this year, and many other high-profile cases

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πŸ‘€5
Richard Heart max-longed $ETH just UNDER its previous ATH,

instead of waiting for ETH to actually surpass its past ATH

β€” absolutely wrecked em

Many others do this too though,

Typically because they correctly went short near a previous top, right before the coin had a huge drop,

but then held that short position all the way until it was nearly back break-even to where they went short,

but they want to lock in a win on their short position before it goes negative, and so they flip to max long, just short where they went short at, just below the past ATH,

β€” but then boom, new ATH rejected, and it crashes hard.

Totally rekt.

Never flip max long just short of previous ATH.

Tons of people do it.

Very bad idea.

If you hadn’t already gone max long far before ATH, then best to wait until new ATH is confirmed, not flipping long just before new ATH.

The extra tiny bit of gains isn’t worth the huge risk. New ATHs get rejected all the time, just look at the historical charts.

Much lowered risk after new ATH is confirmed.

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πŸ’―7πŸ‘€2
Was thinking it’d be funny if $BTC made another cup & handle inside the handle of the current cup and handle it’s making

Do I have any reason to believe this will happen?

No.

But would be funny if it did.

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πŸ‘€3