TheEliteArtist
13.9K posts
TheEliteArtist
@SuperChadz
Collecting Bitcoin, one satoshi at a time.
Bitcoin Katılım Nisan 2011
1.6K Takip Edilen2.6K Takipçiler
Memecoins aren't dead because of hold times or bundles or any of the million conspiracy theories.
It's the lack of marginal buyers
If a trencher buys 1% of a coin at 100K mc for $1K and the coin somehow goes to 10M
Doesn't matter if the coin cures cancer, 99% of lowcap trenchers will mercilessly unload clips if they're up 6 figs
In order to offset their sells, you need 100k net new buys at 10M
Pair this with nearly no net new buyers in a year, we're out of willing buyers at the higher MC's
Pair that with the fact that dudes are obsessed with buying 3, 4, 5, 10% sub 1M...
Bonding curves are solved
The desire to speculate isn't dead and I'm happy to be proven wrong but until there's a new mechanism, I don't expect ceilings to be broken
English
Solana did a ~36x. Raydium did a ~50x. Memecoins hit ~$130B. Hyperliquid went from zero to $59. Ordinals were worth $10's of thousands. SUI ran from cents to $5. Pudgy holders got airdropped 50k+. InfoFi gave away millions. And the Altcoin only chart STILL made a lower high & Bitcoin dominance remained strong.
That's not altseason. Those are individual trades within a dying asset class. There's a difference and most of you refuse to see it. Trade trends, don't marry your altcoin bags.
Greeny@greenytrades
We will NEVER see another altcoin season. The data proves it. The macro proves it. Your favourite influencer is lying to you.
English
Took some profits on this at 10% for 12x.
My longs got stopped in profits.
If we go below 60k today (which is doubtful) 125x locked in.
Miggymello@miggymello
I'm long on a few tokens and took some profits yesterday. But if we have a huge dump into month's end, I bought some very cheap insurance that will 125x if $BTC goes below 60k (10% drop). Prediction markets are amazing not only to 'trade' markets, but also to hedge your bets.
English
🔥🚨BREAKING: The highly anticipated graffiti towers in downtown Los Angeles are currently waiting to be sold for for a 60% loss at 470 million after the original $1.2 billion project stalled in 2019.
English
@greenytrades agreed though the headshot sound effect on BF 🤤
English
@SuperChadz Ben shared this one right? Need to chart this myself but looks promising.
English
Stablecoin dominance holds the keys to market, and I'm a big believer in parallels and what I call Parallel Stacking.
Here are 3 different channels on USDT.D+USDC.D on the Monthly.
They're all telling me the same thing:
The macro bottom is not in.
Also, the 14.2 to 15.2% range is a very interesting level to long the market and it should mark a significant bottom, as it's also horizontal resistance and the 0.886 Fib level of the whole move.
English
@miggymello Oh yeah for sure, though sometimes that’s for the best 😅
English
@SuperChadz well done, great move!
It's not as much fun as seeing your P&L go up in the screen, but I've been been using it more and more for big moves/trades.
English
Prediction markets are a free way of betting on the direction of the markets with more upside than if you trade the tokens themselves.
I didn't even buy this yesterday but this morning after $BTC had already shown strength.
From my entry, $BTC is up less than 10%, this position is up 35% - that's 3.5x the return with less risk and no fees.
English
There were A LOT of influencers over the past few months saying "If we lose $74k, then I'll pivot bearish". Yet I haven't seen a single one do that yet. Most are lowering their targets even more.
Bitcoin is now -45% for over 100 days. At what point do you say "this is a bear market", if not by now?
I'm all for being a macro bull on Bitcoin. I've been buying this week. But sometimes a bias can destroy even the best.
₿rett@brettmacro
"Bitcoin must hold $74k". This is what a majority of bullish Bitcoin holders are saying must hold or they will finally turn bearish. I agree. Breaking $74k would put in a lower low. I marked similar areas in green, from the past cycles. Once the lower low is created, the 200W MA comes quickly. It currently sits at $57k.
English
Bear Markets
Phase 1) Only a few people believe it is starting and are ignored
Phase 2) Half of people believe and those that do not start taunting those that do
Phase 3) No more taunting. Everyone agrees
I think we are in phase 2
English
I have a feeling I’ll be adding another line to this tweet soon.
₿rett@brettmacro
Another one... $115k: "That was the bottom" $110k: "That was the bottom" $105k: "That was the bottom" $98k: "That was the bottom" $96k: “That was the bottom” $89k: “That was the bottom” $81k: "That was the bottom" They'll eventually be right and tell you "I told you so. now pay me $99/mo for my next alt coin call".
English
Alex Honnold taking a selfie at the top of Taipei 101 after free soloing the skyscraper.
UNBELIEVABLE!!! #SkyscraperLIVE
English
