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Avocado Toast
@avotoast
markets, coins, stocks, and occasional derivatives
Joined November 2017
6.6K Following    42K Followers
think most ppl would benefit from not hard labeling the current market as a bull market objectively, it's still inconclusive until prices pass certain hurdles we haven't yet reached subjectively, this type of binary thinking self reinforces overly aggressive risk taking behavior (need to always be in a position, impulse to bid shallow retracements/top blast when not warranted, etc) ppl still not getting comfortable with the reality that crypto now operates on rolling waves of risk-on/risk-off where the skill is in identifying/pre-positioning, which is much more mentally taxing than just flipping mental switch to bull_mkt==on there are only a few times per year (a few weeks at a time) when the market is trending heavily risk-on/pve; this is usually followed by a longer period (1-2 months) of choppier less-trendy opps where asset selection, entries/exits, etc are much more important ~70% of the year is brownian motion mode where you should fuck off to trad markets
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