NGL I wasn't expecting such a strong $ZEC dead cat bounce in December, but it seems to have printed a lower high, and this chart is looking like it still needs to digest a 20x pump (by bleeding down)

Being concerned about Microstrategy involvement in BTC makes sense, I would prefer if they had smaller scale too

But if you're genuinely wanting to get rid of Saylor before bottoming... boy, we're in for a long ride

MSTR is a cockroach, they are not going away anytime soon

$ZK is trading at $0.16 on Upbit and at $0.034 on Binance

lmao

Deposits available again ig lol

First time of this cycle that buying the -30% drawdown was not a winning trade

The current drawdown is -40% and is the largest of the cycle

Good confluence on $75k: round number + second touch on 2025 bottom prices + 40% drawdown + right below Saylor's cost basis

We should have buyers step in in this $70-$75k zone

Excellent thing to see, $STRC is holding up very well at less than a 2% drawdown from par despite $BTC crashing -15% over the weekend

Seasoning in progress.

(So far the MSTR/IBIT ratio has been unfazed by this weekend move too)

$ZIL should provide a great short soon

For now I think it could have another leg higher first...

$MSTR - a leveraged structure designed to mechanically outperform BTC in the long run under some minimally bullish assumptions

$BMNR - Tom Lee's long-only ETH investment vehicle, where he'll sometimes dilute you under 1x mNAV and write $200m checks to Mr Beast

I'm obviously overstating the point here but BMNR truly doesn't offer something more compelling than being outright long ETH, if you do like ETH

One basic risk management rule is to have a mental stop loss on your whole trading account (or even on your net worth)

When you reach this stop loss level, it means you should cut all of your positions.

Why this works: loss aversion often makes it impossible to close one deeply losing trade. But when you reframe the decision at the account level, it becomes much easier mentally.

This also forces you think in advance what your 'worst case scenario' looks like, and make sure you don't end up in a worst situation than this.

Then when you start trading again after that stop loss hit, you can start with a fresh mind, and much smaller positions, and with a focus on limiting drawdowns

After having seen what happened to all altcoin DATs, I'm not sure that as a $HYPE bull you should really wish $PURR to become a meaningful piece of the inflows into HYPE

Holders of Microstrategy debt are not panicking btw

What a great day to have a $MSTR earnings call lol

ouch

I'm long for a bounce and will add if we go to $69k-$70k

This PA is truly suffocating but after -20% in a week on BTC I have a hard time thinking we don't get any bounce at all from here

I will cut some if we go back to perma-bleeding during US hours

I can't really ignore that

The fact that there is no straightforward explanation for this level of relentless selling is what makes it legit scary

But I'd feel stupid in hindsight not bidding if we bounce here

I tried longing the bottom a few times yesterday and the last attempt made decent money but not enough to cover for the failed ones

Pretty insane to reach $60k when we were at $80k two days before, and this happened without even having a liquidation wick

We'll probably need some time to digest this all, not what I wanted to see but let's deal with it

$BTC looks stupidly cheap but it seems unlikely that we v-reverse after this so we might get some even cheaper

On LTF, I'd say gun to my head that we drift higher from here towards $70k again, but I'm not playing it with size given the fact that the high certainty trade was the $60k -> $65k+ move