1Mon·

To all those who are currently trading Shitcoins in the short termI'm slowly getting weak. I should actually be following my strategy, but the gains are too juicy.

My plan is actually to let the Shitcoins run for a bit over the WE at max. lev (3x for me) to take the retailer FOMO with me and conservatively tighten the stops - max. until Monday US opening. And then to run small spot hedges at least for Mon/Thu, depending on the strength, and then to extend longs again.

How do you do it? my trades: $MKR (-1.83%)
$MATIC (-1.2%)
$UNI (-1.44%)
$TAO (-0%)
$ADA (-0.09%)
$LINK (-2.64%)
$SHIB (-2.59%)
$DOGE (-1.95%)
$AVAX (-0.32%)

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18 Comments

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In my opinion, the overall movement is far from over (see e.g. LINK or AVAX are still far from the interim high of this cycle), I then go into cash depending on my assessment...so I 'hedge' myself by reducing my portfolio share of crypto, yes if you look at the Fear and Greed Index we are in extreme areas, but if you look at the Google Trends the retailers are still very far away from greed, but I also think that we are slowly seeing an intermediate correction, as Bitcoin is currently weakening and the money is already moving into the altcoins
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@lowiqinvesting I subscribe to all of them. Additionally: compare the BTC dominance with the phases where alts really made 10x. The dominance of BTC is still close to an all time high. As long as it is this high, we are far from an alt season and there is still a lot of potential - as long as the entire sector remains reasonably stable.
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@Windbeutel Do you have a good website where you can see when altcoins outperform Bitcoin, I wanted to look at it again
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@lowiqinvesting
I'm right there with you, I also see a lot of stupid money coming into the market. I really meant in the short term, in terms of daily profits - the coins went down almost immediately after the post. I had reduced my leverage from 3 to 2, but will now increase the leverage again in the weakness. In the short term, they were at 25%+ daily profit, so my fingers are getting weak.

Especially when you zoom out a little, you can see how much upside potential there is still to come. The Treasury Secretary and Co. also seem to be the perfect bull-bull scenario. And the fact that Trump wants to set up a crypto exchange, plus his family's Shitcoin DeFi project - things could hardly get more fundamentally bullish. And Shitcoins are not even at their ATH.
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@lowiqinvesting You can view pretty much everything known in Tradingview. Simply search for the pairs, e.g. BTCETH or BTCSOL. You can find BTC dominance at BTC.D. Otherwise just google the pairs 🙌🏻.
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@Windbeutel I'm aware of that, I was thinking more of a research paper or something like that
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@lowiqinvesting I really enjoy watching Benjamin Cowen's videos (intothecryptoverse) on YouTube. He is extremely evidence-based, very calm. You can take a look. The topics are all covered there.
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am just 3k in profit i love altcoins❤️
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@Bucci *shitcoins ,that is not an alternative to BTC 🫶🏻
i don't think they're that shitty, they make me so much money
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@Bucci be careful that you don't fall in love with the shit ;)
@Robinhodl I've been a long time😁
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Can you help me further on the subject of |Shitcoins?
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@ElCanos will write an article about this in the next few days
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you can see my portfolio in my profile... you could say I'm still in it :)

Hope you were still in Link today
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@leveragegrinding Yes, of course, but I am now only at 1.5 leverage. Also don't think retail buying power is too strong compared to the other cycles. On-chain metrics such as exchange inflow and exchange balance still look intact.

It's funny that exactly the stuff that has zero foundation is pumping and has already come off in the last bull run. For me, this is a sign that it is safe retail buying with the seasonal excess liquidity and not some high-net-worth people.

LINK fits perfectly into the retail metrics, but is really the industry standard and therefore at least has a foundation.
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@Robinhodl that's why I'm holding atom, I'm not assuming retail main here. There used to be a quantity of developers per chain - price ratio somewhere, that was mega, unfortunately I don't know if it still exists.
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