Uptober or Octover: Why I’m Betting on a Pullback Before the Next Up Only

it's been a good month so far for markets and good thing is that I got to ride this move from the bottom unlike the last time where I was sidelined. I stayed cautious this entire month of september because of historical it wasn't a good one mostly

by cautious i mean risk management while the market was going up I bought stop loss higher to ensure securing profits because I wasn't sure if this move is going to be be like all other previous one's.

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Bitcoin Breakout: We're so Back

Lot of people are FOMO'ing now and lot more people are waiting for a pullback including myself, I want a strong pullback just because sentiments are so salty right now.

Bulls are winning, couldn't get any better than this but then there's people abusing others for not being bullish enough

This kind of sentiments are good enough to say bitcoin local top is around here at 66-67kish.

Bears are liquidated, more to come but to reset "we're so back" people with 120x Leverage eventually a pullback will come that is inevitable to wipe these bulls out before Up only.

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Never Selling Spot, Just pull the leverage down

There's no way I'm going to sell because a pullback might happen tomorrow or later before October or first week of October.

I'm not touching my spot bags at all but the degen portfolio is all built on those high leverage, high risk

And for now I'll sit on hands and wait for the noise to settle down. open interest all time highs, spot cvd up.. buyers are buying spot but there's a lot of leverage and in this volatile market a quick flush dalai will be a good opportunity to scale back in with size.

Stocks are making new all time highs, Gold is at all time high.. crypto is a laggard but things will eventually change.

So it's still early to build up a spot portfolio while being cautious about future trading.

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Solana Memecoins Trenches

Nowadays I'm seeing a lot of Pnls screenshot coming entirely from Solana ecosystem that they bought this memecoin and got a jackpot.

I'm now trying to ape back into new memecoins in SOL because the past one's are now already sitting at high marketcap i.e: Wen, retardio, tremp

I checked Dex screener and found out it's much more difficult to ape into a legit memecoin on SOL that don't rug within an hour or so

But again, it's just gamble and won't simply stop clicking buttons because we never know when it's going to be my luck.

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Wrapping Up...

In the end while people are trying to convince you'll get uptober, it might be Octover (it won't). Just want to say that it is going to be a "grind season" ahead, you should focus more on grinding than any other thing.

In couple of days this quarter will end and sep is going to be only green month. So, next one's are going to be much better one's hopefully. Let me know what's your thoughts about it in the comments.