i remember reading an old article on ct describing how the market has been rewarding wrong takes and a lot of us have carried that same mentality thinking that we were right since we were rewarded but in fact a lot of folks will eventually be punished

then again, who is to say what reasonings are right or wrong

since its always price <> narrative

you are always wrong until the price goes up and suddenly you are right

can't blame ourselves because we got pavlov-ed from how the market worked previously and we simply try to repeat what worked to make money again and again

just can't be too comfortable w the conditioning and assume status quo moving forward

good that the big accounts are still relentlessly calling for a meme supercycle

when you attend a game or concert, the ushers are there to guide you

ushers are important because they prevent chaos

personally, i am one that prefers to leave the game earlier to avoid the crowd and jam at the exit doors

you either leave early or wait until the crowd dissipates and leave late

both works, no right or wrong

your choice

up early, up fast, but not up forever

worst thing you can do is rotate out of hype to get rugged on some memes imo

if you really have to, maybe stick to winners

the later part of the cycle will be biased toward good fundamental alts

but you have to survive until then to see it happen

GM

Both $BTC and $ETH are hitting major resistance here. At this point, it doesn't matter whether Bitcoin takes the $100k level or not. Whales have started to distribute, and only retail buying is occurring.

Altcoins are having their last pumps. We could expect some low caps to run a bit more during this weekend, but overall, most of them have also reached a very important resistance zone. Taking new positions now could be highly risky given the current market conditions.

I expect the reversal to start very soon, and December to be a bearish month, where some moves could be fully retraced. For now, staying calm and sticking to the plan with patience and confidence is key. Better opportunities are coming.

I will post some charts next week.

Enjoy the weekend and stay safe!

good take

reminds me of price <> narrative

but product <> airdrop

in a way the former still applies

best trades are trades that nobody knows how to value because then there is no ceiling

and the clearest narrative with no immediate ceiling rn is AI agents

there is a reason why goat could run to almost 900m in a single leg