Maybe this text will help someone to save his deposit.
Don't try to short such a movement that is happening now.
When I tried to short something like this, it always ended badly. Now I work exclusively from the long side.
We are at the local bull market now.
Be careful π
Imagine: coming into crypto in January from the stock market, where people count tenths of a percent, and a 3% drop = depression... and see first TRUMP pump 7X in 3 days, then all alts dump 90%
So now we see local bull market, while everyone has no money
Enjoy crypto, boyz
Two events that could dramatically turn the markets around and shave shorts:
1. The start of any U.S.-China dialog. Instead of exchanging threats and competing over who is stronger to drop the rival market.
2. Unscheduled policy reduction/ loosening from the Fed
Without these two events, sentiment is bearish
Holding derivatives for weeks, as before, has become impossible with Trump. That's why short trades: see profit - fix. Rebound - fix. And a set of spots.
Although I am sure that no one has the desire, means, mood to trade this wildness. And I fully understand and accept it.
Nevertheless, at least it is worth following such events. If possible, participate. There are already direct parallels with the financial crisis of 2008 and the covid crisis of 2020. In both cases, they were windows of opportunity.
@EmperorBTC Those levels will be around for a while yet)
Buying back a bottom to get a second one as a gift is a bit of a gamble.
But even now there are already good entry points on some alts