@CryptoCoBean@tztokchad You can look for key levels and write down how much of your stables you will punt.
While the cycle still exists, new narratives might develop like the ETH merge that could be similar to the BTC halving as ~$9 billion worth of ETH sell pressure via miners is gone.
@hugzy14@AltcoinPsycho It makes sense to check for key support on monthly/weekly timeframes.
Place stink bids around those levels and hope to get filled.
If you don't want to tie up capital, wait for these extremely red days filled with panic.
@AltcoinPsycho If you think you get a good price because its down -90%, remember...
It can always go down another -90%.
Therefore always keep a percentage in stables at ALL times.
@NaumaanZ @thedefiedge It baffles my mind when people do this:
Pass on coins because it’s 3x already and rather buy something that’s down bad already.
Buying bottoms is so much harder than joining a winner with lots of volume and strength.
@NaumaanZ @thedefiedge There is always something showing strength compared to the relative market.
Think of $APE a few weeks ago. Then $GMT.
Adapt to the narrative and don’t marry your bags.
Rotate frequently into winners.
I’ts easier to identify the current winner rather than a potential one.
@lowstressliving@thedefiedge USDC, BUSD, USDT in this order.
I don’t think USDT will ever fail, but some people might be uneasy holding it if it gets off peg for a short time.
@safetyth1rd It was clear that BTC dominance had to go up again.
Didn't matter if it's because BTC pumped harder or dumped less than alts.
The results is the same and was to be expected.
@AltcoinPsycho Kinda disagree. Need lots of $USDT if you trade on binance futures for max liquidity. $BUSD pairs are alright, but size and time sensitive bidding really makes a difference.
Easiest way is to hedge on FTX perps, but funding might get expensive.