Thread by @thecryptorama

my strategy? a thread...👇🏽

1. Check funding rates.

It's a sentiment check for greed/fear. Red = market vulnerable (expensive to go long) and frothy. Green = people scared to long. I also want to pay the least to be long.

bybt.com/FundingRate

2. Set "stink bids" i.e. trigger orders to open if the market suddenly drops a few %. These happen when whales want to grab liquidity lower and stop out the little guy. I'm happy having no position when needed. Patience is a virtue.

3. Look at the big orders coming through. Size and direction.

aggr.trade/#

4. Technical analysis (TradingView)

- Support
- Resistance
- RSI
- Volume
- 1H - 1D time range
- Plan my entry and exit

5. Use maximum x3 or x5 leverage, anything else is throwing money away. Acknowledge I'm not good enough to trade with more than that, nor do I want the stress.

6. Exchange inflows and outflows.

cryptoquant.com/overview/btc-e……

money leaving exchanges is either to HODL or to buy alts..generally bullish. Also there is a growing supply-side liquidity crisis.

7. Follow some amazing Crypto twitter traders inc:
@scottmelker
@BigCheds
@CryptoKaleo
@TeddyCleps
@coinmamba
@TheCryptoDog
@gainzy5
@CryptoBull
@AWice
@CryptoDonAlt
@CryptoCred
@CryptoNekoZ
@BTC_JackSparrow
@CryptoMichNL
@HackermanAce
@SalsaTekila
@RookiexXBT
@crypto_rand

please re-tweet if you found this useful :)