life is a bullmarket

Coinbase recently started allowing you to lend your USDC for ~11% APY
what. the. fuck.

as always, it’s my job to preserve my capital in times like this
touch grass, go on vacation, play video games…
anything to distract my mind from trading a poor environment where opportunities have diminished
my greatest edge isn’t that I know how to trade an uptrending market,
it’s that I allow myself to have the courage / capital to do so — a result of having dodged the downtrending market
the universe isn’t particularly kind to me,
I just continue to make my own luck.
‘Defensive Bull’

trading is painfully boring.
reminding myself that in the first 4 months of this year, I took maybe 6 trades.
imo, if you’re seeing a “great setup” every day, your definition of “great” is likely the problem.

$BTC / #Bitcoin#
still trading within the Range
I've been using this LTF trend to gauge momentum in either direction, intra-range.
looking for a proper reclaim in order to target range highs again
until that happens, I'm acknowledging the potential for a full breakdown

as a discretionary trader, much of your ‘edge’ stems from being able to cater your system to the environment around you
> not trading entirely, being more strict with trade entry requirements, being more aggressive with TPs, lowering position size, etc.
that’s not something you can bypass; it’s a necessity.
no discretionary trading system is profitable on its own — it requires the input of the user in order to unlock its full potential
most of that potential is unlocked through mitigating drawdown,
which then allows (less frequent) periods of favorable variance to outweigh

as a discretionary trader, much of your ‘edge’ stems from being able to cater your system to the environment around you
> not trading entirely, being more strict with trade entry requirements, being more aggressive with TPs, lowering position size, etc.
that’s not something you can bypass; it’s a necessity.
no discretionary trading system is profitable on its own — it requires the input of the user in order to unlock its full potential

if the market trending upwards is "easy mode",
then the current market is 'Halo 3 Legendary with all skulls on'
iykyk

decided to re-open the public discord to all.
several months ago, I locked it due to spam/bots, and in a few days, I will lock it again.
a lot has happened since then - members got to see how I noticed strength preemptively in rallies earlier this year, held conviction, adapted to weakness, adjusted to chop, and how I traded heading into the most recent chaos
all free. all transparent; humble in victory, and in loss.
updated daily (as necessary*).
link in bio.

$ETHBTC
this chart makes me think there's a serious chance that was the altcoin wipeout we needed before legging higher
further validation on that thesis upon HTF trend reclaim

grateful for markets, and life.
wife and I just had our 1 year anniversary,
and there continues to be more opportunities than what I can catch.
life is good.
gm (gratitude maximalist)

the wildest part of yesterday’s selloff was how it hit altcoins almost exclusively.
Bitcoin didn’t even break down from its’ range…
market makers on alts stopped quoting entirely—either gave up or got wiped out
I’ve seen -30% BTC drops and -80% crashes on alts in one day, but those felt more proportional. this didn’t.
I’ve said it before and I’ll say it again:
the liquidity on majority of altcoins is smoke-and-mirrors
a house of cards; on most days, there’s just no wind to knock it down.

my heart goes out to anyone who got wiped. I’ve been there before and every great trader I know has as well
might sound like cliche advice, but I’d advocate for taking a break and walk away
imo worst thing you can do is continue to force trades from a deteriorated state of mind - speaking from experience this never ends well regardless of market direction from here
there is no impact amount that cannot be brushed off in due time, and the market isn’t going anywhere
lick wounds and muster up the courage to go again - the ‘right’ way this time
everything that happened is in the past
it’s part of

$SPY
as long as this local trend holds, there's still hope for recovery - same as all the other times
$BTC continues chopping, $ETH holds Range Lows, etc.
if this trend breaks, crypto market likely sees a deeper selloff as SPY pulls back towards 4H 200MAs
I remain optimistic.

it’s disappointing how many traders still don’t understand the difference between relative strength and higher-beta.
I’m genuinely sorry if you’ve followed influencers who, despite their years in the space, continue to mislead—telling you “ETH is lagging” for years as it underperformed, or encouraging endless buys on coins that keep losing 90% of their value in only a few months, as an abundance of rotations and sub-narratives occur elsewhere.
I’m sorry, too, if you’ve come to believe that these same people can guide you, because they've cultivated an image of grandeur; when in reality, their

> Bitcoin breaks out
> very few alts outperform alongside BTC
> rotations later as Alts catch up in waves
we get to have fun for longer.

$BTC
I'll make it clear:
- if it's a "Sweep of the Highs" - bulls lose some money
- if it's a "Higher-High" - bears miss out on one of only six rallies that have actually mattered in the past 3.5yrs
- if you called one of those six rallies a "Sweep of the highs", you have substantially less shekels to bet with, as a result of having missed out on the infrequent times where crypto has actually resembled a 'bullmarket'
- if you called the previous six rallies a "Higher-High", objectively, you have excessive house-money to play with, and would be enticed to repeat that behavior here today, regard

$BTC
I'll make it clear:
- if it's a "Sweep of the Highs" - bulls lose some money
- if it's a "Higher-High" - bears miss out on one of only six rallies that have actually mattered in the past 3.5yrs
- if you called one of those six rallies a "Sweep of the highs", you have substantially less shekels to bet with, as a result of having missed out on the infrequent times where crypto has actually resembles a 'bullmarket'
- if you called the previous six rallies a "Higher-High", objectively, you have excessive house-money to play with, and would be enticed to repeat that behavior here today, regard