I've seen this before... and it didn't end well

I'm looking at all these alt charts like this and all I see is 1999 all over again... sure, "it's different this time"... it's always "different this time." But all's I know is charts like this, on a historical basis, are not sustainable. That's all I know... If you are making hay RN I wish only the best outcome for you moving forward, but I get more and more cautious the more I see these. I've missed the vast majority of these moves; full disclosure. But it's because my experience tells me to be careful. Big money is being made and will continue to be made... for a while. Yet, I feel it my duty to publicly say... on a historical basis... this does not last; so I'm not expecting it to.

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let me just be clear... I am NOT saying short this coin.. OMG.. DO NOT SHORT THIS COIN!! in fact... I'm making a broader point about how extended price is getting right now.

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I never play against a trend like this no matter how extended it gets. I will play it long, in fact, until it plays out!

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different this time?

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Lottttta margined-up folks just got straight wrecked... it's been my experience fundamentals shouldn't be ignored but they seem to be the tool most often used for confirmation bias. I am well aware of my own susceptibility to that variable.. no doubt; I am human. But technicals have proven themselves to be far more stable over the long run in my twenty years in this game... even against my own human biases. "Data" is manipulated by those who can... period... and then is disseminated to those who disseminate (influencers are not a new phenomenon.) Price is the manipulation; thus reality. Probabilities on price = technicals

Hope that is helpful. Blessings.

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It's always "different this time" but doesn't seem to ever actually be different.