This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire https://t.co/BGtFlCmLXB and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
I was out with friends yesterday when the topic of whale alerts came up. Following our principles, I decided to be transparent. So I wrote a thread in 5 mins, and posted it. Little did I know it was going to be “the straw that broke the camel’s back.” 1/4
Haven't posted for a while. Last month's crypto performance. I'm proving at a very rapid rate. It's just a matter of time before I make $630k. That's my home mortgage amount. I assume it cannot be done alone with trading. It's possible if I amp up the stakes but it's very risky.
Losing $350 USD (-100%) in the futures market has been quiet detrimental. It was a necessary sacrifice that was need to learn about leverage. I have deposited $220 USD now but will continue onwards with caution.
I have discovered two variations of DCA:
DCD (Dollar Cost Destruction): Dollar cost averaging shorts on the way down.
DCH (Dollar Cost Hypering): Dollar cost average longs on the way up.
Whales are moving out of USDT. Our Telegram group has found that Kraken exchange offers shorts on USDT. However, it is important to note that with the downfall of USDT, many exchange will announce bankruptcy.
I've learnt tonight that the best times to 20X leverage short are at the maximum peaks and also when the EMA cross. This limits the number of 20X short orders to 2.
Bored Ape Yachet Club first trip of Otherside Metaverse is scheduled on July 16th. The value of Apecoin is expected to pump. In the next two weeks we must find a safe entry point.