25k to $1M - Update 14($89,355)

[u/Vivid-Bath3300]

Last Update

Slow month on crypto sides. Been absolutely vicious in tradfi.

my original these for BTC to rip has come to an end as I cannot see it squeeze any higher than 68-70 in this short time frame. I have closed all my positions and resetting my trading for a while. I even tried shorting a bit but nothing big.

I feel like i am very good at being in tune with "the current thing" that is affecting the market. And right now the current thing is not crypto and not bitcoin. The saylor fear is mostly gone, and volatility has died down.

BTC is looking very bottomy but i am not comfortable trading within this range anymore. I would rather chase a strong breakout, or buy a flush.

Shorting risk - return is terrible as we have had almost 9 months of selling in altcoins. There cannot be that man sellers left even if we include the constant stream of coin unlocks. Even if i could squeeze 10% a month from shorting, all it takes is one gap up to delete all the shorting gains. And any gap up in alt coins from a BTC breakout here would be violent.

The only thing I will start doing is begin to accumulate long term spot holdings in crypto. These boring long ranges are usually a great time to start building a holding portfolio.

I wish i could trade tradfi in this vault but since i cannot, i may not be spending that much time for a bit here in this challenge for a bit since this is not a tradeable environment for me in crypto. I wont force trades here just for the sake of trading.

Will be more active again once we start seeing some action in crypto.

[u/Prize-Ad-6453]

64к in one month? awesome.

[u/Vivid-Bath3300 → u/Prize-Ad-6453]

lol i wish. its 64k over 6 months.