As capital inflows to the crypto market, there will be a dramatic change in the way coins move on a LTF. We witnessed HFT firms enter the space (2σ, Citadel, etc) after the 2017 run up as the saw the potential for short term trading in the space.
When these players enter the space the first trade they look to implement are the risk free plays (Arbitraging cross exchange) this seems to be completely arbed out now apart from when black swan events occur and price deviations across exchanges are >3s.d.
The next logical step is to implement correlation trading techniques, which is visible currently in the market, but i think over the next year or two, correlation trading will become much more prevalent in the space.
How can you justify tokens which are inherently very similar (defi tokens, with similar Marketcaps) and some have gone 200+ % and others are <30% in under 2 weeks. over time, tokens will be grouped together in categories and will be spread traded imo.
My tip would be to understand how spread trading works and start playing around over the next year as there will be a ton of money up for grabs in that area of crypto trading.

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More from @Glimmerycoin

22 May
A short story on how to use trading engine flaws to benefit large $.

This particular strategy I created around bitmexs liquidation algorithm and a few order types allowed for maximize your upside with limited downside risk.
These types of exchange flaws can be found in so many unusual spots so keep an eye out.

This strategy doesn't work anymore as Bitmex has changed how some of the order types work and thus is useless but it's still a good look into how to think about such a strategy.
Backdrop: I used this strategy a lot during mid to late 2018.

Close order: Allows you to get preference in engine which only works when you already have a position on

Post only: Allows orders to only go to market as a limit order not taker order.
Read 7 tweets
18 Apr
Seeing all the chaos in the world my thoughts are sometime in the next 12 months is a great time to potentially invest into multiple markets. I'll be looking to shift my portfolio into the following:

If you want me to share the specifics industries within asset classes hmu.
Things to keep in mind:
- Not including BTC.
- Mid 20's (not looking retire anytime soon, so risk tolerance is quite high)
- Built for the next decade (not looking for immediate returns)
- Going to keep asset classes broad (not going to talk about specific areas in this post)
Themes I believe may occur and have huge ramifications worldwide:
-Global shift to be more environmentally friendly.
-Deurbanization as house prices in cities have become nearly affordably for Gen Y & Z and transportation technology increases.
-EMs becoming much more powerful.
Read 6 tweets
30 Jul 19
Listen up, this is how market structure works within a market cycle. Since I have been trading BTC this has constantly happened every few months. These cycles were happening every month and has slowly been drawn out to every few months(I'd assume because of liquidity increase)
Red Circle.

A major support or resistance was just broken and we get large erratic moves. Keep in mind everyone that is holding a position and that level has been broken is now holding an offside position. They are now very vulnerable and need to take action on their posi
Yellow Circles,

Price has started to settle down and a equilibrium/fair price point is now found. We start to get large accumulation on both sides as HTF traders re-enter. new entrants,accumulation and stable prices cause stop runs, hence bart simpson patterns start occurring
Read 5 tweets
13 Jun 19
Every trader has a unique look into the market, I personally really enjoy looking deep into the mechanics of a financial product (Bitmex's XBTUSD contract in this case).
In my mind, LT trading is all about finding those individuals who are using much larger amounts of leverage than they should and squeezing/stopping them out/liquidating them.
This trading strategy came to mind when Bitmex research posted their article on leverage statistics…. Between October 2018 and February 2019 there was a significantly larger amount of longs using leverage and from March the trend reversed.
Read 9 tweets

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