Dragos' Den

lots of bearish sentiment and don't get me wrong, things are rough and uncertain in Oct wouldn't take crazy risks, most of my trades are in spot, if I take something on perps it's with clear SL and invalidation still pretty cool to see BTC defending its levels, I suspect once Oct & mid-terms pass, we will have much more clarity - I'm still bullish (but obv depends on asset selection)

was with friends the entire evening so barely looked at things but was reading in chats that it was pretty bad, still BTC hadn't broken down I added more PUMP and longed LIT on fomo, I'm pretty bullish if stocks are nuking in this way and we cannot make new lows in crypto, what happens when things calm down not to mention the charts look amazing for a double bottom going to sleep & praying

just keeps printing 2M in revs every day regardless of onchain conditions

if that was the bottom on btc, this is very possible

ok idk about this, kinda happy with my fills

tho I will sell what I bid here on this bounce, think we need some chop even if we keep bearish trend intact

the other magic line (but I had way less confidence in this one, was scared af to bid)

man how do i get rid of these fucking scammers impersonating me in comments and spamming their dogshit scams

told you it's a magic line

We have a lot of these "trap" charts Very frustrating

https://x.com/lesabrefomo/status/2110411959418155457 good read

BTC not looking that bad imo, the blue line is the vwap since ATHs and we've faced it as resistance twice before flipping it so far with all the nuke in stocks and bearish sentiment all around, we still haven't broken down from this range ofc it could still happen, but if it holds these levels it looks ok imo

probably a bit premature on this, market really iffy, gonna sit on hands for a bit and take a break do think we should get some relief soon though, BTC does not look that bad (still holding on, tbd if it loses the range)

I started dca-ing into some positions, got some orbio, bought more standard and just bought some zzz

onchain sentiment is pretty bad rn - means it's a good time to start thinking where things head next RH is worth a shot here imo, just don't assume that the tokens that pumped the first time around will do so this time as well - ppl are way too deterministic about this need to figure out which ones have staying power, a moat, proper team, unique products that are in demand etc

https://x.com/zeroxkyle/status/2106571278929010769?s=46&t=TCtcqPWuRO8Caq4J16izgQ this is a good read - I think he verbalizes what I tried to express yesterday when I was talking about trading projects that have a moat, either via their tech, or their founders, or smth else

https://x.com/standev_io/status/2110184444652875922 this is interesting for those who want to play the STANDARD game without actually owning a banking license with additional branches

I've started re-adding to PUMP, no idea if crypto bottomed or not, maybe I'll hold this underwater for a while, doing spot only but their revenues are somehow staying constant (again over 2M yday), their app keeps growing, basically think more ppl will realize the revenue is sticky anyway I'd only be able to bid a select few tokens in this market env, sentiment has flipped and is very poor

it was indeed time