There has never been a better time to get a job in crypto. Chains, wallets, media platforms, exchanges and nft projects are all looking for talent. There are hundreds if not thousands of open positions. #Crypto
The $BTC options market is often overlooked by the more prevalent futures market
However, it is important to note that options make a good percentage of Bitcoin trading volume and should be analysed accordingly
Options open interest: $11.15B
Futures open interest: $11.20B
CME Bitcoin futures report
Dealers are still significantly short
Asset managers are still significantly long
Would like to see that flipped to support bottom thesis
Trading, investing, farming, arbitrage, play to earn, airdrops
There are plenty of ways to make money in this space, but whatever you do, make sure you do it well
#BTC chopping sideways
A lot of people getting stopped out and chopped here
Play the range, look for deviations. If you’re looking for swings, lower your risk and give your stops some space to breathe if used
$OP briefly broke all time highs following a +100% price rally
However, on chain data does not seem to indicate the same bullishness as price with DEX volume decreasing significantly since November
$ETH Commitment to traders
Dealers have been increasing their short positions while also cutting longs
Asset managers however, have gone from net short to net long
Not a short term indicator, but dealers tend to be right
5/5
"Every moment in the market is unique."
We are programmed to recognize patterns and behaviours, but just because it happened before does not mean it will happen again. View every situation and every trade with a fresh pair of eyes.
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Trading in the zone is a book by Mark Douglas in which he teaches the reader how to use the power of the mind to become a successful trader
In his book he talks about 5 fundamental truths to master the art of successful trading
The 5 truths are as follows:
4/5
"An edge is nothing more than an indication of a higher probability of one thing happening over another."
As a trader you can't know what will happen next, but what you can do is wait for a sistuation in which the probability of an outcome happening is greater than 50%.