We can obviously continue to dip endlessly more and #bitcoin usually has a second shoe drop after the first one, but as I said about 1 hour ago, I do not personally believe the bull market is over and leverage desperately needed to be re-set. And it has.
#tether premium and leverage premium both went from $400 and more to negative so the initial speculative "excess" has been eliminated. I am good with being long now.
None of this is advice. I use low leverage and I do not invest more than what I am able to lose. DO NOT COPY.
None of this is advice. I use low leverage and I do not invest more than what I am able to lose. DO NOT COPY.
These two tickers have been extremely helpful in understanding how to time dip buying and how long to stay short.
Article contains some more info. NEVER ADVICE:
medium.com/coinmonks/indi…
Article contains some more info. NEVER ADVICE:
medium.com/coinmonks/indi…
https://twitter.com/dkcrypto13/status/1348640809256677376?s=20
I know Dalio means something else with the term, but to me: this is what I call a 'beautiful deleveraging'.
#tether and leverage $BTC premium strongly negative. Everyone went from "$100k here we come" to being scared.
Nobody knows if a dip resumes, but this is perfect to me.
#tether and leverage $BTC premium strongly negative. Everyone went from "$100k here we come" to being scared.
Nobody knows if a dip resumes, but this is perfect to me.
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