3 basic question to ask yourself before opening any trade:
1- Am I buying at support or at resistance?
2- Why am I buying this?
3- Can I afford to be wrong?
Statistical analysis around Bitmex funding time.
When the funding rate is >0 traders are short into funding time to collect funding. After getting paid they unwind shorts, resulting in price moving higher. And viceversa when <0.
Source: https://t.co/ENJHM2FpjC. Great read.
Trading is about educated guesses, most of which evolves around psychology of the human mind. Human behaviour is often predictable.
I'm relatively new to the space of trading, but 22 months of full-time study has taught me a few things.
The majority will always be late.
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