It's Friday again:
Let's start with the losses.
$doge has been too weak, I've retreated, I admit defeat.
$ponzi that idiot @123skely, the output was supposed to be exponential, but it turned out to be multiplicative, with output declining linearly. The returns from the white account are much greater than my level four account. The conclusion is that no matter the strategy, just buy coins, stop playing this ridiculous game.
$ani's top guy has cut losses, it looks like the fund is about to run away. I'm at a floating loss and won't add to my position, just holding for now.
Now for the good news:
Last night, news about $vine came out, I started buying at $0.05, made a couple of plays, and it felt pretty good. However, this project has two fatal issues:
1. Musk could change the name at any time, referencing Twitter's name change to X, which is a common practice.
2. There are too many ambushers, as the exchange's contract depth is very poor, once it goes up, there are always sellers in the spot market.
So I sold both waves around an average price of $0.08, not bad, didn't lose money and even made a little.
$eth I'm bullish without thinking, got in at $3600, don't let me down, brother. I've been a guardian of e for years, looking at $4000+. I don't care how others are bearish, I'm just looking at $4000+, and we'll talk about it again after that. This viewpoint was mentioned to my group friend Kaji at the beginning of last month. Initially, I was looking at $3000+, and once it broke through strongly, I thought at least $3500. Now companies like bmnr and sbet are continuously buying, and their costs aren't low. bmnr's average price is around $3600, and institutions buying in aren't fools; they won't sell (in the short term) because they want to stake for yield, push for more staking, and apply the logic of #defi to traditional old money. You see, I can offer you such high-yield income, hurry up and send me your money for custody. This will inevitably lead many traditional old money to allocate to high-yield products. As for how it ends, that's for future generations to ponder. Anyway, everyone is the same, assuming that future generations are smarter than now.
$bonk is still the toughest guy, let's go!
I heard that Glaxy's big brother can unload for 30 million dollars and can even open short positions in advance. I have $glxy that can get to the other side, right?
That's all for now.
Thursday Operations:
Got in at $0.231 for $doge, hoping for some gains.
In terms of resilience, $BONK is still strong; it's a pity I didn't add more.
$wld got hit; it's still only suitable for buying during major dips.
Got in at 27 for $glxy, let's see if I can get to 40+; this is currently one of the more undervalued crypto-related US stocks.
Still holding the same view: the trend remains unchanged, but volatility will increase. I blindly guess that some altcoins will have a bit of action this weekend. This pullback is quite good, as it has kept the sentiment from being too FOMO. I've seen quite a few people saying the market is over, which is a good thing; when we call each other fools, that's the opportunity. When everyone is overly optimistic, it's time to clear out.
In the afternoon, I chatted with friends in the group about the current market situation.
$BTC - $ETH - $XRP - $DOGE - $SOL & $BNB
This is the order of the pump, and it's clear that $SOL is no longer the market leader but rather a sign that the rally is nearing its end. If nothing unexpected happens, $BNB will still be the market terminator.
From the indicators of the pump order, the indicators of Sun's selling, and the indicators of $BNB's pump, it seems that they never go wrong when they appear together.
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