$BTC crossing $120,000 and dropping below $60,000 made me realize why a lot of us will never get rich with crypto, even if you have $10M trading capital, you won't leave the market rich, your portfolio might grow to $60M but none of those profits will enter the real world.
I remember when I saw someone selling all his Bitcoin at $110,000 and not minding if the price of Bitcoin goes to $400,000 after selling and now, I see how smart that move he made was.
Most people don't sell and take profit in a bull market because of emotions, they love the daily increasing number on their screen and then they forget reality, they forget that the smart thing to do is to take profit and wait for another opportunity, even if it takes months to come, patiently wait for it.
Buying Bitcoin at $46,000 and holding it until it gets to $120,000 without taking profits and dropping back to $60,000 is not a flex or achievement, it is a terrible mistake.
And it is not just on BITCOIN people made this mistake, they did this on $ETH and $BNB
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$ZEC +10% On $ZEC and I am using low leverage and I have had this trade for almost 48 hours, this trade came with peace of mind as I am not worried about it hitting my stop loss.
My stop loss is well placed and I am risking about $8.6 ($520) to make an extra $25 - $40 on this trade.
I am Up 10% On this Trade On $ZEC and I won’t be doing anything extra or more, for now this would be the only trade I will hold, my stop loss is $520 and That is the only thing that can take me out of the trade.
I am going to be trading $ZEC and this is my Entry, you can enter at $510, that was my original plan, From what I see on the chart, I see sellers taking over $ZEC temporarily.
If you are taking this trade, you can actually use 8x or even 10x leverage but make sure you use a -20% stop loss on this trade on $ZEC
I saw a simple 2x - 5x on $PORTAL and I wanted to buy big time since $PORTAL has an all time high of $4 and currently trading at $0.0159 but I saw the monitoring tag on Portal and got discouraged, the monitoring tag doesn’t necessarily mean something bad, I have seen coins get delisted from Binance and still pump greatly but, I don’t want to hold a coin that I will be worried about it getting delisted.
Outside that, I see a solid opportunity on $PORTAL for spot, for futures traders, you have nothing to worry about, PORTAL won’t be taken off from futures so keep trading
$PORTAL I wanted to open a short on $PORTAL but it doesn’t seem like a right thing to do now and this is because, the exact move PORTAL is displaying now has happened twice before.
On the Chart, You will see that after Pumping, $PORTAL dipped a bit and pumped again, then it repeated it again, this time around creating another high and dipping again.
Basically, Portal has been creating Higher Highs and higher lows so shorting right now is not a smart thing because What PORTAL is trying to do now is create another Higher low, before you short, wait for PORTAL to break the previous higher low.
I am going to encourage you to pay attention to $BNB this week and try to follow some top Chinese traders, Chinese traders are literally the best I have seen, I have been saying this for a while now.
Pay attention to the meme coins on BNB chain, meme coins that can easily have a narrative to push it
After seeing what $AKE did, I have decided that I will look for some coins on Binance Alpha and open a long position on them with $5 - $10 (depending on your portfolio).
One of the coins is going to be $BLUAI ✅ and The second one is going to be $CHIP ✅
I will do this with only 5x leverage, but if I am using more than $20 then I will be using only 3x leverage to push my liquidation price far away as I won’t be doing this with any Stop Loss.
Can you see that it is totally over for $LAB ? I told you there is no future with LAB again, and this is also applicable for $RAVE and $DEXE , don’t bother holding them on spot.
I am going Long On $BILL My entry is any price below $0.02157 Leverage is 8x and stop loss is -30% ( I actually plan to take this trade on $BILL without stop loss, I want to use an amount of money i am willing to lose everything, this could be between $10 - $100(+), depending on your portfolio)
A lot has been going on with me, I lost a family member on Monday and this is why i have inactive for some time, I will try to get myself to posting soon.
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