A clear example of trading an outperformer on Ethereum's chart. $ETH tested range lows twice that both could have been bid successfully with minimal draw down. You can sell the full position for a 4% gain against the range high, sell part of the position, or hold the full position and just raise your stop loss up so you lock in profit if the full retrace happens. For extension targets, look at the 1.618 / 2.618 for potential resistance zones. 2.618 also aligns with the all time high as well. There's nothing wrong with locking in profit at range highs and waiting for it to flip resistance to take more trades. You will never go broke closing trades in the green.

$BTC - For now, it looks like there's some decent profit taking occuring on anything above $120,000. I would treat this as resistance until proven otherwise. Best case scenario is we get a range going so it gives more room for altcoins to continue to run.

$ETH - We had a little range high sweep this morning and a sell off down to hourly lows but a strong reaction. Still looking very strong after a minimal 4% sell off. Bears getting overly excited and ready to call top on every little pull back due to PTSD on ETH.

$TSLA - Trying to breakout of this bullish pennant. Ideal if we can close this daily.

Why does it feel like Bitcoin wants to go to $130,000 and Eth wants to go to $5,000 this week?

The simplest way to trade profitably is to only trade things that are going up. 1. Find strong outperformers that are biggest gainers on 7 day and 30 day time frames. 2. Buy them on pull backs to 1 hour and 4 hour support 3. Sell at resistance or hold with a stop loss in profit and move your stop loss up higher below key support zones as the trade moves higher. 4. Repeat over and over on the same asset until it starts to lose its bullish trend. This applies to stocks and crypto alike. Strength = more strength almost all the time

Is red meat good for you?

I’m noticing a trend (amongst friends, family and employees) where they use ChatGPT for implicit bias on their own ideas. It doesn’t matter whether the idea is good or bad, which ultimately, will be the reason why we will see a mean reversion back to original thought. If people don’t get critical feedback or pushback on your ideas, then we will see a flood of bad ideas/bad products/bad copy/bad marketing, etc that will create opportunities. It’s still very important to learn how to think originally and use data to test ideas against the marketplace.

Just a reminder, but when you stake your $ENA and hold sENA, you earn points for: @etherealdex @derivexyz @EchelonMarket @strata_money @Terminal_fi I'd also look at farming points on each app as well!