dunno if how i can post another chart here, but this is where i got idea from
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rip - bitcoin puking badly
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adding 45% back
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added another 30% back through limits; painful but have lived through this before
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fully repositioned
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adding more size; will either be glorious or extremely short lived - no updates for a couple months; stay safe everyone and remember you don't need leverage in crypto to make it
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- dom too bouncy and btc too bearish; somehow got a lot of eyes on this trade so felt irresponsible to not keep it up to date. Taking the L and will look at it again if we approach 58-60% dom in near future. Is how it goes sometimes and already did well in last few months. Feels bad that first charts I post in my years on being on this platform was probably near a medium-term altcoin top. Will keep a small allocation, but have to scale back on exposure on most crypto till BTC bottoms out. Could be wrong, but risk too high now - stay safe out there.
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If you want to start scaling back in - probably a good time; use altbtc charts for better reference on strength though
It's not bearish at all. Alts dump 50% in a day sometimes.
jkatz
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@inspiredbylove, agree; I just like to protect money made in the last year already. I see and know your point though, and today would be a good day to start scaling back into alts - shortterm might still have some pain left as BTC may visit 45k and in worst case potentially 40k yet. Not my first cycle :). This fractal though is clearly broken at this point so I'd need to think more on a new idea at least for OXT. The unfortunate thing is that for OXT/BTC, it leads me to believe that there is still going to be a period of accumulation for some time and there are other alts that are stronger and more worthwhile to play while this finishes building a bottom structure:
shy_glizzy
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i just dont know why you picked this coin out of all. It has no hype. VPN???? no value to holding the coin.
UnknownUnicorn18850519
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@shy_glizzy, maybe we like orchids? Orchids are beautiful, and old money folks collect them. If you dont know about orchid collecting, youre new money
shy_glizzy
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@AlexEva111, congratulations, you played yourself. sad to see you lose.
jkatz
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@shy_glizzy, Not sure why you've been trolling this idea, but you're probably the reason why it floated to the top of the ideas page. Trade is a trade - win some lose some. No reason to look for validation here - just focus on your own crap cause apparently you shorted the literal bottom of the SPX
shy_glizzy
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congratulations, you played yourself. who is your plug?