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Everyone wants to be traders until they find out what the job is really like…
1. Spend more time waiting for trades 2. Keep a journal of every trade 3. You’re primarily a risk manager 4. Analyze these trades 5. Weekly / Monthly / Quarterly reviews 6. Track erosion of your edge 7. Define clear trading playbooks 8. Define clear execution playbooks 9. Backtesting strategies 10. Forward-testing these strategies 11. Identify your emotional weaknesses 12. Identify your trading weaknesses 13. Develop solutions for each of them 14. Skip setups if they don’t fit 15. Know when to step away from 16. Don’t change strategies after a drawdown
Do all of this without anyone looking over your shoulder and without applause.
$BTC Key resistance levels deserve attention Regardless of whether you’ve booked profit and exited, or you haven’t entered a position yet, no matter what bulls or bears are feeling, there’s no room for greed here Stay patient, stay rational
Take a look at the chart $XPL ... if you’re feeling FOMO about altcoins right now + it’s already grown by almost 50% from the bottom, and this is what the pump looks like when you zoom out a bit... barely anything noticeable... the same thing applies to most alts right now. open the 4H chart, and it seems like you missed the entire move... now open the weekly or monthly chart, and the last few green candles are still tiny compared to the damage before them... that’s what lower timeframes do... they turn the first bounce after a brutal downtrend into an emergency. so before convincing yourself that alts have already pumped too much, zoom out and check how much they’ve actually recovered... a coin that dropped by 95% needs to pump by 100% just to be only down 90%. Do you get what I mean? Yes, the market can pull back at any moment... but on the higher timeframes, most altcoins haven’t even started rebuilding the chart yet.
Bitcoin has Saylor. Ethereum has Tom (and things are not all rosy for them). And for altcoins, there’s only the project team that’s doing its own market-making. And this isn’t a joke—the main reason why accumulating altcoins right now is almost masochism. Walk through the cycle in your head. How many altcoins have actually managed to outperform Bitcoin? Three or so. The rest have turned into trash relative to BTC. Then it gets worse. Today, on any major exchange, you can buy spot shares of US companies with USDT. And trade their futures. Money is leaking out of crypto into Nasdaq in five seconds. Competition for liquidity has increased by an order of magnitude, and the number of coins hasn’t. How many tokens can realistically keep the market fed? Ten? Twenty? Not hundreds. I don’t rule out that one day there will be a mini alt-season. You’ll go in, make one wave, and get out. But stacking altcoins in your portfolio now, hoping they’ll survive the winter—this is just looking for problems out of thin air. Liquidity isn’t infinite. Most coins simply won’t make it to the next bull market.
Honestly, earlier the crypto market was the main arena: we watched narratives, chased hype, lived by it.
Now there’s a different approach—trading stocks and choosing narratives across different markets. If crypto looks like a complete bottom (Solana has been closing with a bearish candle for 10 months in a row, lol), you can simply switch to something less depressing and less manipulative.
I used to proudly say: “I trade only crypto”—and I felt comfortable. Now either sit and wait, or adapt.
Bitcoin has Saylor. Ethereum has Tom (and not everything is rosy for them). As for the alts—there’s only the project team doing market-making for themselves. And this isn’t a joke, it’s the main reason why buying altcoins right now is almost sadism. Walk through the cycle with your head. How many alts have actually outperformed Bitcoin? About three. The rest turned into slag relative to BTC.
Saylor is selling even more Bitcoin without any reaction from the market.
This particular risk/episode is over. Saylor is no longer a threat in this bearish market (honestly, he never really was, and people have written a lot of nonsense).
We had a run of bad news with no follow-through.
Another +1 for the bulls’ collection.
In the end, BTC wants to keep going up. It just needs a catalyst, which can still start with a wave of capitulation.