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Cred

@CryptoCred

Always trader, often shitposter, sometimes educator

ID:899558268795842561

linkhttps://xn--nk8haa.y.at calendar_today21-08-2017 09:06:19

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To new followers:

I have one of the most comprehensive trading resources that I’ve refined and updated over 7+ years.

Technical trading, risk management, leverage trading, and more.

All for free with no sales funnel or anything.

A good place to learn 🫡

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Financial institutions with BILLIONS OF DOLLARS of unallocated capital are closely watching this support level to decide whether to ape into the spot $ETH ETF upon listing

GM

Financial institutions with BILLIONS OF DOLLARS of unallocated capital are closely watching this support level to decide whether to ape into the spot $ETH ETF upon listing GM
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After a strong move up

Don't look for large pullbacks to buy

If the move is legit, it shouldn't immediately* retrace a big chunk - if it does, that's a sign of weakness

Instead, priority should be shallow pullbacks and/or low time frame entries.

It's counterintuitive, but if

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Massive $ETH move

Waiting for ETF formal approval + new all-time high yearly candle close for bullish confirmation

Then I'll wait for the yearly bullish retest to confirm the confirmation

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Important TA rules:

1. Thicker lines = thicker bids/asks at your level.

2. If your line is broken, just redraw it slightly higher or lower. The market can't stop you.

3. If there's a candle close that makes your position look bad, change time frames to one that hasn't closed.

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I don’t think memecoins should be at the centre of so much controversy.

The appeal is simple: they are fun, there’s no fake tech sophistication, and they are a natural response to the low float/high FDV opaque insider unlock VC coin meta.

In the past we had to wait for CEX

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“What do you do?”

“I’m a professional cryptocurrency trader.”

“What do you think of the market?”

“A cartoon duck is bearish memes and flipped his profile pic upside down, which he famously did in 2018 when he crushed the bear market. But Ansem, future Mayor of New York City,

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Part of the reason there’s so much disagreement regarding where we are cyclically is because returns have been so unevenly distributed

Additionally, a lot of previous cycle signposts have been absent and/or entirely invalid

1. The conventional ‘risk curve’ trade of BTC —> ETH

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Flipped bias at $60k again.

My invalidation’s invalidation’s invalidation was invalidated, so I entered.

I’m down 40% having ‘traded’ both directions. WOO X sent me some socks for all the fees.

My wife’s boyfriend gifted me a pair of flip flops to commemorate the occasion.

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There are very few things that can immediately improve trading performance

In my experience, two such things (in the context of discretionary, TA-oriented trading) are:

1. Widening your stops
2. Sticking to your stops

Point 1 addresses the expensive habit of TA-oriented

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Simple heuristic to know if you’re taking a sensible trade:

Would you be willing to use the trade as an example to teach/explain the setup you’re taking?

If it would make for a good example of how you trade, you’re onto something

If not, reconsider

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Standard rite of passage when learning TA:

Step 1 - Cool, these horizontal levels and trend/momentum indicators can provide useful signals from time to time.

Step 2 - I've solved the market. Every single move can be predicted and traded. I have a plan for 40 different levels in

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The breakdown was bearish but the failed breakdown was bullish but the failed breakdown is breaking down which would be bearish but if the failed breakdown fails to break down it would be bullish

The breakdown was bearish but the failed breakdown was bullish but the failed breakdown is breaking down which would be bearish but if the failed breakdown fails to break down it would be bullish
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“We’re towards the end of the cycle” = I took too much profit / sidelined / price is above my exit

“We’re in a supercycle” = I haven’t made any money yet

“We’re in the early innings of the cycle” = I just made some money, this better keep going because I’m sizing up

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GM

$BTC sandwiched between recently reclaimed range low and a cluster of trend followoooor MAs

Burger Open in 3 hours or so

Still flat (I sold everything in March 2020 and am waiting for bullish confirmation on the yearly chart)

GM $BTC sandwiched between recently reclaimed range low and a cluster of trend followoooor MAs Burger Open in 3 hours or so Still flat (I sold everything in March 2020 and am waiting for bullish confirmation on the yearly chart)
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Most of your trades will be insignificant blips on your lifetime PnL

If you never size up, you'll gradually bleed out

Small size for learning, experimentation, and market tuition

Large size for high probability and/or large asymmetric bets

Don't diddle in the middle

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