TheBeacon

A private educational group for crypto traders. Founded by @ByzGeneral & @HaloCrypto. Fill in the Google docs application to get on the waiting list.

[TheBeacon @TheBeaconTroops]

The type of education you can expect from our group:

🔹 Market data
🔹 On-chain data
🔹 Orderflow
🔹 Liquidity theory
🔹 Classical TA
🔹 Risk management

Plus...

☑️ Personal guidance
☑️ Chance to asks questions 24/7
☑️ Weekly market overview

🤝

[TheBeacon @TheBeaconTroops]

Remarkably low funding rates.

Especially USDT funding rates are note worthy since you need to be at least long 1x to have exposure to the coin you're trading.

[TheBeacon @TheBeaconTroops]

@CRYPtiT0 At the moment there are no free spots, sorry.

We'll update here on twitter if that changes.

[TheBeacon @TheBeaconTroops]

Lots of liquidations and a huge amount of short interest just got wiped out.

Predicted funding very negative.
Relief bounce seems plausible.

$BTC

[TheBeacon @TheBeaconTroops]

The Beacon only has one paid service which is the group. Don't fall prey to scammers.

The group will continue operating as normal.

Be careful out there, cheers.

[TheBeacon @TheBeaconTroops]

Both funding & open interest suggest very bearish sentiment in the derivatives market.

$BTC

[TheBeacon @TheBeaconTroops]

And the sell side of the orderbooks is pretty empty.

If someone with deep pockets would want to play a squeeze... That could easily be done right now.

[TheBeacon @TheBeaconTroops]

Shorts are getting quite aggressive, while it looks like there's not that much long leverage to be hunted anymore.

$BTC

[TheBeacon @TheBeaconTroops]

Some serious spoofing action going on.

$BTC

[TheBeacon @TheBeaconTroops]

A new month is approaching, a new session will start.

If you want to join our community, now is the time to sign up. Check the Google doc in bio.

It's been a great run so far and we're glad that people feel like they're actually getting better at trading.

[TheBeacon @TheBeaconTroops]

Having a hard time figuring out how to interpret funding & open interest data?

Here are some cheat sheets that can help you.

There are more moderately bull/bear situations possible but we only gave 2 examples.

[TheBeacon @TheBeaconTroops]

Sources:

https://t.co/SfzXNQ5nQq

https://t.co/ky5y8mFS3E

https://t.co/MYjl40jvJT

https://t.co/GrSp99r4nu

https://t.co/8ARfSzFanp

11/11

[TheBeacon @TheBeaconTroops]

On the 19th of May 2021 we had a true capitulation event in crypto land.

Things got so wild that the market started "breaking".

Here's some interesting data.

1/11

[TheBeacon @TheBeaconTroops]

The market got hit very hard.

Liquidity evaporated, a few exchanges had some down time, prices of different markets started diverging, blockchains got overheated, ... A true capitulation event.

Sometimes you need to destroy to be able to rebuild.

10/11