Plenty of (local) top signals were there.
Was able to sell a good bunch near the highs (some too early) but ended up buying back alts with a -20 to -30% discount as I didn't want to risk getting sidelined.
Since then most coins are down much more. Timing will always be hard. twitter.com/DaanCrypto/status/...
2024/03/17 02:38 :
Been listing all these potential (local) top signals since last week.
Obviously these things can often go on for longer than you'd expect, but with every new day, new things popped up that corresponded with previous (local) tops.
Too many of these factors for too long, usually ends up with a flush of leverage, degeneracy and froth in the market.
Part of this list was also to take track of how long it would approximately take for these factors to actually turn into a reversal for the market.
Seems like ~2 weeks on most of these was about the time it took before the craziness really got too crazy in this instance.
I suspect we're going to be seeing more of these kind of periods as the bull run goes on. Generally I do like taking profits and slowing down on the leverage once we start checking a lot of these things.
Then wait for the flush, reallocate as people think the bull market is over, rinse & repeat.
Yes, this is in hindsight now but I've been speaking my concerns daily in @TheCryptoHounds where this list was posted & updated daily.
Still relevant for future referance in my opinion as these are the same things we keep seeing every time the market overheats.
Consider bookmarking 🔖 this tweet to look back on the next time we see the market shape up in a similar way.
Good luck out there ✌️
Moral of the story: Even if you time it somewhat okay, it's usually not worth the risk of being sidelined and you might also still be hit with a big drop regardless.
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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