More or less how I plan to trade the next several weeks.
Hope this helps + gives some perspective:
-Distribution range within the weekly supply.
- HTF deviation taking the Equal Lows + a zoomed in three tap.
- MSB confirming a trend shift towards the yearly open/EQ
#Bitcoin
#BTC target reached at 32.9 k.
Lots of volume on the 1 hr candles for #Bitcoin indicating that a bottom has been reached.
To make sure this is a bottom is if BTC manages to close next 4 hr candles above 34.5, it will be choppy but 39k coming eventually
#Crypto#cryptocurrency
i am seeing too many random explanations and interpretations of funding rates and thats not good for my mental health
explaining funding rate, a thread
From what I've observed people tend to lose most of their assets within a trending market vs a ranging market.
A trending market conditions you to risk more over time as its relatively easy to trade until the one move catches you over risked.
Manage your risks at all times.
@TheHavenCrypto Conditions are very different to 2018/2019
Learn HTF support resistence and market structure
Start with @CryptoCred on youtube, for a 69 year old he explains things quite well :3
https://t.co/7epPXN1qA1
give me your top 3 swing short bets for the next 6 months. throwing out several: defi perp to 1k (sushi, link, yfi, uni, snx, bnt also good shorts if you dont want indices), doge seems solid, ada obvi, dinos (eos, ltc maybe but this one is weird, zec, etc), 1000bn FDV metacoins
Sunday thought.
One of the best decisions in my trading lifestyle has been working on myself.
The best thing you can do it listen to
1. Dr. David Sinclair
(Longevity research at Harvard)
2. Dr. Andrew Huberman
(Neurobiologist at Standord)
Has been life changing for me.
.@NexusMutual just had a record month of revenue that was all organic, not another project farming covers.
2/3 of the covers bought in Nov were >$100k and 1/6 were >$1M. Also a $31M @anchor_protocol cover.
This suggests institutions are adopting DeFi.
https://t.co/D8NuN994Bw