BybitSharks

Bybit trading community.
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[BybitSharks @BybitSharks]

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[TechDev @TechDev_52]

Why has this cycle felt so different?

I suggest reading “The Trunk Up Thesis”.

Top callers’ worst nightmare.

👉 https://t.co/MPIml7wSXB

[Flood @ThinkingUSD]

Rare trading tip since people are asking for shorting advice on momentum assets:

- Isolate your positions into separate accounts, or isolated margin. You can theoretically have infinite loss shorting so you never want to cross your entire portfolio balance.

- DCA into your position and think of it as an inverse investment. This untethers you from a specific price level, and actually makes you root for the asset going up so you can average up at better prices.

- Identify metrics or signals that would make you invalidate your position. Are there any fundamental changes that can occur to invalidate your shorts? Have unlock schedules changed? Has the overall market changed (ex. BTC hitting new highs) and general market beta may give you an opportunity to short higher? Be honest and keep yourself accountable.

- Set limit closes in the book, you're hunting for exits on a day like 10/10 during a flash crash. You could get extremely unlucky and be AFK when it happened. Your exchange may be borderline unusable during market crashes. Set orders ahead of time under key support levels anticipating a wick.

- Have clearly defined risk limits. Are you tethering to a notional loss? Is liquidation your stoploss? Do you have sufficient collateral on the sidelines to add to your position? It's important to set aside more collateral than you think you need, as things typically trade higher than you would ever expect.

Advanced:
- If shorting TradFi stocks buy cheap far OTM options so you can average up your short if the asset goes much higher than you expect. Great way to ensure you have sufficient collateral at the top, and are unemotional about price directionality.

- Have a shopping list of assets you'd want to buy when you cover your shorts. All crypto assets are heavily correlated due to cross collateralization, liquidation cascades and Market Making safeguards. If the market is bearish enough for you to cover your shorts you should realistically be buying assets that are trading below their fair market value.

[BybitSharks @BybitSharks]

This tweet has been posted with a time delay!
If you want to receive our trading updates in real-time and unlock all our premium resources for FREE, sign up to Bybit with our link to get access to our Private Telegram Group: https://t.co/uswRCJreFu
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THIS IS NOT FINANCIAL ADVICE. WE ARE SIMPLY JOURNALING OUR OWN TRADING ACTIVITY. ALWAYS DO YOUR OWN RESEARCH.

[BybitSharks @BybitSharks]

$BTC knocking on the 112k resistance on a Sunday. Sunday scam pumps/breakouts have been happening pretty frequently in the this year.
⚠️Longed som $BTC here with an initial target of 116k. Wrong below 110k short term.

[Loma @LomahCrypto]

I haven’t taken a trade in over a week.

Half of Twitter makes me feel like a dodged a bullet.

The other half makes me feel like I’ve missed multiple portfolio-changing opportunities.

PvP meta in a nutshell.

[BybitSharks @BybitSharks]

Initiate "run_it_back_turbo.exe"

[BybitSharks @BybitSharks]

REKT😖

[BybitSharks @BybitSharks]

Low is in (or close) for $BTC
...if not I'll delete

[BybitSharks @BybitSharks]

let's see now ;)

[BybitSharks @BybitSharks]

Seems I'm still in denial🥴

[BybitSharks @BybitSharks]

What if the insidoooor whale is Chinese gov lol? or could it be Trump??? 🤡

[MLM @mlmabc]

The BTC whale moved $30M USDC to one of the wallets he used a few weeks ago to rotate billions worth of BTC into ETH about 4 hours ago - and shorted 55.5K ETH ($241M), still adding more with limit orders slightly above the current price.

https://t.co/GDA20ak19j
He also added another 1,500 BTC ($180M) to his BTC short, now totaling 5,000 BTC ($608M).

https://t.co/KPzg4u1tN8

[BybitSharks @BybitSharks]

@Crypto_Chase You're a real one for this! Keep it coming! Transparency and accountability is always appreciated over cryptic hints and plausible deniability. Also getting a glimpse into your evolving thought processes is actually very valuable, even when-, or maybe especially if you flip-flop.

[BybitSharks @BybitSharks]

@Mantle_Official team keeps delivering, and today their Neobank called "UR" just went live

This is one of the cleanest and most complete crypto native banking solutions I’ve seen so far!

$MNT is already making new ATHs week after week and this launch should only add more fuel to the fire...

Higher!

[UR @UR_global]

Introducing UR — your go-to unified crypto and fiat account with 0 off-ramp fees and access to multiple fiat currencies.

Bringing back the freedom, transparency and ownership that money was always meant to offer.

[Mantle @Mantle_Official]

One key asset, unlocking your gateway to everything on @Bybit_Official.

[Bybit @Bybit_Official]

Unlock VIP benefits.

Hold $MNT.

Upgrade now: https://t.co/vg76QuptVW

[BybitSharks @BybitSharks]

@krugermacro METH to the stratosphere 💉💊😅
Srsly though, can‘t beat $MNT right now 😎

[BybitSharks @BybitSharks]

This tweet has been posted with a time delay!
If you want to receive our trading signals and updates in real-time and unlock all our premium resources for FREE, sign up to Bybit with our link to get access to our Private Telegram Group: https://t.co/uswRCJreFu
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THIS IS THE LAST TWEET. BEWARE OF SCAMMERS AND IMPERSONATORS.

[BybitSharks @BybitSharks]

gm fellow degens!
BybitSharks starting their public X launch with a bang💥
Closed $PUMP longs at the pico top yesterday and realized a profit of over 20k $💵💵💵 to kick off #Uptober😎💪
Our $EIGEN long from last night sitting comfy at +15% and 1000s of $ in unrealized profits in just a few hours... That trade is now risk free with stoploss at entry and we were able to AGAIN snipe one of the best performers early!🤝

[BybitSharks @BybitSharks]

gm world!