$ZEC was the only large cap still looking decent It's still okay but the local higher lows are close from getting invalidated https://t.co/vdvQqh6Qnj
Saylor has proven that his priority will remain to maintain $STRC at par and to keep paying its dividends, and MSTR shareholders will pay for it. This can make holding STRC attractive for some people, even without being bullish on the whole structure. 12% yield, paid daily, but with a downside correlation to BTC on the most extreme dumps...
Unless they manage to quickly get some bullish updates on the ICE thing, which I don't think is super likely, $HYPE now looks like a hedge short Price is still much higher than pre-news while most of the market is much lower, I'm expecting relative mean reversion
GOOGL drawdown seems a bit... extreme? https://t.co/ZhpfzKesLU
Like clockwork $HYPE https://t.co/n2A6gbqHIY
Best meme era by far PEPE SPX MOG BITCOIN JOE
One important aspect of stock trading is not to get too complacent about the fact that they have smaller drawdowns than altcoins and feel 'safer' Meaning, you can theoretically "average down" into a dip, but you have to: 1/ be very surgical about where you add (only on new local lows) 2/ de-risk on bounces 3/ know how many chips you have left so that you still have some if we reach an extreme drawdown (which would be 'deep value' to buy in the context of the LTF move) It's also extremely easy to be buying a local top while feeling comfortable, without realizing you are actually at a very risky level for bulls As usual, the main risk management lesson is all about one word: sizing. Oversizing a trade is the main thing you should always try to avoid
Let's eyeball the charts of the main recent winners in the crypto market: Still "okay": HYPE ZEC VVV GRASS PEPE ENA Weak: LIT NEAR ARB ZRO UNI USELESS PUMP Obviously one strong BTC move and this can change quickly one way or another. Overall, many alts are definitely tired, so the long I like the most is BTC (and short some alts).
