Spot is still leading this $BTC pump. What is happening?
Please don't fomo into this pump please.
High chance it will get a retrace.
Never fomo into sich an aggressive move. Unless you know the reason.
I should probably start a paid group now...
low volume, but another juicy CVD div. also spot is leading again.
If you managed to keep your FOMO in check before, but don't have enough exposure yet: not stupid to consider getting in now.
So far so good.
Spot was leading the pump so far. Funding below neutral. But perps catching up already.
Squeeze is not that obvious this time. But still a good chance we see one.
bears won that round.
but perps are leading the drop. OI rising.
might be just a beartrap.
Bear trap done. Spot leading up again. OI on the rise.
Squeeze even more in play right now.
not actively trading this might have been a mistake...
History repeating... Spot is still leading this pump by a solid margin. OI pumping, funding dropping.
feels like a bigger squeeze is still in the making.
But can't be so lucky to correctly predict another one. Right?
Why I am so bullish on $DFI:
After the update you can make a vault with 100% DUSD collateral. So you can earn 66% APR on a stable coin. short Thread on how and the effects of this.
A short #roadTo50 🧵 /1
based on 10k DUSD->
* put 6.6k into the vault
* mint $3.3k SPY
* put the SPY with the remaining 3.3k DUSD into LM
-> you get 100% APR on $6.6k
-> 66% on the 10k DUSD
(SPY would need to pump 30% to get your collateral into trouble, so plenty of time to react)
/2
This will definitly attract new capital, which doesn't care for $DFI but for returns.
But to get to DUSD, you need to go throu DFI. It either gets minted (with DFI as collateral) or they buy it for DFI.
/3
I came back to BTC early 2017 and discovered crypto-exchanges around mid 2017. switched from gambling to trading early 2019 and became netto profitable early 2020.
it was probably the classic story of a rookie trader: a long thread. 1/24
I loved btc. Full access to a real exchange (no CFD crap) and a "pure" technical asset to trade was awesome so i started using real money for the first time. Risk averse as i was i only funded the trading account with 100$ and had positionsizes of 1$ (thanks to knowing RM). 2/24
I was in and out of positions in matter of minutes. Analysing the orderflow, reading the tape and jumping to gut feelings. Shortly i was hooked and did all the things you shouldn't as a rookie. but in 2017 this was all fun and game since it was only going up anyway. 3/24