Justin Wise pfp

Justin Wise

@crackingcrypto

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129 Followers


Justin Wise pfp
Justin Wise
@crackingcrypto
Much appreciated as always brother!
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Justin Wise pfp
Justin Wise
@crackingcrypto
That's all folks! Follow for more. :)
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Justin Wise pfp
Justin Wise
@crackingcrypto
Make today the day you commit to building a long-term strategy. Make today the day you swear off gambling because your lucky day is likely not coming. Stay frosty, friends.
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Justin Wise pfp
Justin Wise
@crackingcrypto
Don’t rely on luck; become good. That takes hard work, just like anything else. It also takes a lot of trial and error. Start small and increase capital as your success increases. Slow and steady is the Path to Profit. Fast and loose is the road back to Burger King.
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Justin Wise
@crackingcrypto
Building a strategy isn’t sexy, but it’s the difference between sitting down in front of the charts every day and knowing (roughly) how you will do, and sitting down in front of the charts just praying that today will be your lucky day.
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Justin Wise
@crackingcrypto
All right, as if that wasn’t enough fluff, let’s cut to the chase. If you don’t know the statistical odds of your ability to win or lose a trade, you’re not a trader; you’re a gambler. “But I follow price action, bro…” No, stop that; you’re a gambler. I’ve met a handful of price action traders with statistics, and kudos to them. But 99/100 “price action traders” are just gamblers. Confirmation bias, seeing what they want to see, and survivor bias - that’s the cocktail of “smart money concepts.” Hey, if you can backtest it, more power to you. But most of you can’t and won’t.
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Justin Wise
@crackingcrypto
For every successful story you hear of a meme coin trade gone right, a few thousand traders could show you a -99% loss. Memecoin trading is the new lottery. You do know the odds of hitting the lottery, don’t you?
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Justin Wise
@crackingcrypto
While it’s not impossible to live this dream, the reality is that most of us focus on the end goal, the Mai Tai and the pretty senoritas, and not the process that achieves the end goal. Backtesting? Boooooring! Strategy creation? Pssh, why do that when all I have to do is find the right memecoin, bet big, and retire?
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Justin Wise
@crackingcrypto
Unfortunately, the sad reality is that this is mostly a pipe dream. It’s a lie that’s sold over and over again that appeals to our innate desire to live ‘the good life.’ But, as humans, we gobble this fantasy up and throw our hard-earned capital into the markets - often to disastrous effect.
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Justin Wise
@crackingcrypto
Ah, the trader. What a glorious lifestyle. From the luxury of an Adirondack chair on a cozy beach, sipping Mai Tai’s, scalping the one-minute chart, and reeling in a few grand a day. Is this what you initially pictured when you started trading?
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Justin Wise
@crackingcrypto
Happy Tuesday, friends! Fancy yourself a trader do you? In today’s episode, let’s face some hard facts and distinguish between a true trader (the 1%) and the gambler (the 99%). Grab a box of tissues, because this one might sting.
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Justin Wise
@crackingcrypto
New #Crypto Market Update just published! Today I cover Bitcoin's breakout, $TRUMP Coin frenzy, and what side of the market you should be on! https://www.youtube.com/watch?v=s_BjLCGbNCE
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Justin Wise
@crackingcrypto
Ultimately, market structure and flow suggest a continuation of this rally. At the same time, catalysts, depending on what Trump signs into action today, could significantly ignite pumps moving into the end of January.
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Justin Wise
@crackingcrypto
However, I’m now less concerned with the market reversing in any significant way following that, and I am more confident about the rally continuing. Ethereum is concerning, and I might parlay my ETH positions into short calls or another play as activity on ETH continues to drop.
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Justin Wise
@crackingcrypto
Bitcoin has now broken out of its consolidation wedge formation, and with three strong days of ETF inflows, I favor a spot Bitcoin long position.
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Justin Wise
@crackingcrypto
Ultimately, price is unfolding as we have expected throughout all of January. We anticipated prices rising following a dovish inflation print; we expected price to pump into Trump’s inauguration. Moving forward, we expect some headwinds into January’s FOMC on the 29th, where I expect Powell to remain hawkish on inflation.
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Justin Wise
@crackingcrypto
While Trump’s inauguration was initially seen as a ‘Sell the News’ event, it’s now being viewed as a ‘Buy the News’ event. Primarily for Bitcoin, I believe much of this hinges on the possibility of Trump signing an Executive Order to establish a Strategic Bitcoin Reserve.
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Justin Wise
@crackingcrypto
Over the past week, we’ve seen a complete flip of ETF inflows. A clear trend has been established; while it seemed that many were fading the market in anticipation of today, that sentiment appears to have flipped moving into the end of last week.
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Justin Wise
@crackingcrypto
Happy Monday, friends! It’s Trump’s Inauguration Day, and the markets are exploding. Let’s dive in and see how far we can go.
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Justin Wise
@crackingcrypto
You’re not here to baselessly speculate every single day. You’re here to sharpen your saw, niche down your strategy, and faithfully execute it whenever an opportunity appears where you have positive Expected Value. You’re not here to force a trade, gamble just to be in a trade, or baselessly speculate. You’re here to make money.
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