Eugene Ng Ah Sio

Eugene Ng Ah Sio

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Pigeon | It is not who you are underneath, but how you trade that defines you.

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Signal Clone Analysis

Eugene Ng Ah Sio

Taking a step back from this last week’s events, things are undeniably broken from a HTF market structure POV. Whilst 60k remains a reasonable support level, I learnt to avoid going balls to the wall long with no inval in the last cycle. In bull markets things always become more crazy than you expect and in bear markets things always get worse than you expect. I don’t know where the bottom of this bear market is, or if we’ve already bottomed at 60k, but survival is always the utmost priority. Take every setup independently with stop losses in case things go more south than they already are.

Eugene Ng Ah Sio

Just as I say this Garrett Jin chooses to start nuking his BTC position… Not interested in becoming his EL so flat once more. This market is as hard as it gets and I’ll pick shots with very defined r/r going forward. Was a good knife catch ytd but outcome could’ve been much better.

Eugene Ng Ah Sio

So far so good - the setup here now presents an opportunity for long entries built yesterday to be retrospectively goated. This is the big booty bounce you want to see to mark a convincing bottom at 60k. Will continue monitoring but I think the upside case from here is still viable.

Eugene Ng Ah Sio

So far so good - the setup here now presents an opportunity for long entries built yesterday to be retrospectively goated. This is the big booty bounce you want to see to mark a convincing bottom at 60k. Will continue monitoring but I think the upside case from here is still viable.

Eugene Ng Ah Sio

Volatility works both ways - expect huge moves in the coming days

Eugene Ng Ah Sio

Redeployed reasonable size this morning. The latest 1-2 punch by the market seems to have culled even the most ardent bulls and I see lots of depression / capitulation here (as well as calls for much lower). Setup for a long here feels like pretty good r/r to me with clear stops below 80k. I don’t think crypto is going to permanently lag all risk markets and we are probably at the tail end of this underperformance leg. Time to get cookin again ~

Eugene Ng Ah Sio

Redeployed reasonable size this morning. The latest 1-2 punch by the market seems to have culled even the most ardent bulls and I see lots of depression / capitulation here (as well as calls for much lower). Setup for a long here feels like pretty good r/r to me with clear stops below 80k. I don’t think crypto is going to permanently lag all risk markets and we are probably at the tail end of this underperformance leg. Time to get cookin again ~

Eugene Ng Ah Sio

Couple of things that I think will simultaneously hold true for the foreseeable future: 1. Crypto is the best casino for people to gamble themselves in wealth. 2. 99.9% of all tokens minted are absolutely useless and will trend to zero. 3. We are still feeling the excesses of 2021 in alt prices and will continue to do so for awhile longer. 4. Equities is neither easier nor more difficult than crypto. It is a completely different game.

Eugene Ng Ah Sio

I don’t really understand latest price action this week so will be sitting out. On a HTF things don’t look good and my guess is we probably see lower. I had hoped that we had enough new year momentum to break through 100k and catch up with the rest of risk markets but it does not look like that’s going to materialize. Out of all markets and touching grass once again.

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