Organic Price Discovery and some Life lessons

We are still in a Bear Market but the Reaction Rally/Recovery Uptrend we are experiencing is only natural, considering the Liqidation Pressure that was brought upon the Price through overleveraged Positions getting wiped out left and right.

Imho we are now moving in a fair value bearish trend where we are not oversold anymore and are testing some of those newly established support and resistance levels.

Also everytime we see some Bart simpson movement creating liquidation pressure to the downside you can witness multiple 10M $ Longs having to sell, therefore creating a downward spiral taking everyone down with them, i suspect the Bitmex trading desk actually filling these Longs while driving up the market only to have enough downward pressure when they want to wreck everyone again.

My only reasonable advice (not financial advice ;) ) would be to get all your funds off Bitmex, Binance etc and onto a Decentralized one. Dont lock your money up in defi and expect huge loans or buy into some trading strategy. Develope a strategy for when stablecoins will potencially prohibited and those effects on liquidity, especially in altcoin markets. Have decent opsec if you move large sums because you are esentially your own bank but there be no bailout if you lose all your funds.

If you would ask me how i would trade different after consistently making profit but missing so many opportunuties, id say:

- If you have developed a strategy you execute manually and dont use a bot for it, stick to it! I have missed some of the best trades simply not following my own advice.
- Follow your gut and have good risk management! There are great resources on the internet on how to manage position size and different order types.
- Have some money you are willing to lose so you can confidently hold it for a long period. Also i personally use a maximum of 3x Leverage on a very small portion of trades only if i am extremly confident.
- TA is a self fulfilling prophecy. I believe all big players are using some form of TA, may it be onchain metrics, traditional charting etc. And thus it has an effect on the market, although it might not appear like it at first but what if whales or exchanges would trade
against traditional patterns?
- Dont trade with a bias and always be as open to any possible event as possibe, essentially be able to switch from bearish to bullish quickly and dont get stuck in some perma mode because you had a bad trade.
- Use free onchain metrics that are found on the web, i suggest:
- Woobull charts ( Willy woos website with alot of cool charts, i especially like the NVT signal for some Macro perspective )
- Exocharts for some free advanced volume profile tools
- Glassnode offers some free tools and a great newsletter on the current sentiment backed up with tons of metrics, my favourite metric on the is the MVRV-Z Score
- and of course tradingview (where when i first joined i thought most of the idea charts where jokes because they look so outlandish at first ;) )

Have a great day everyone and trade save!