For the risk averse, long basis (short perps, long dated futures) is a pretty good trade here: Collect decent funding rates while contango likely steepens due to demand for leverage and lack of liquidity in the system.
I'm starting to get bullish now tbh... blackrock filing for an etf after market nuked on what's likely just FUD (tether) feels like a long setup to me.
First sign of a trend reversal: Low time frame price action becomes predatory, e.g. stop hunts, low volume moves.
When you look closely, you’ll see the market has already changed in the last couple of days.
First sign of a trend reversal: Low time frame price action becomes predatory, e.g. stop hunts, low volume moves.
When you look closely, you’ll see the market has already changed in the last couple of days.
Bulls celebrating, bears coping.
Retail traders in ecstasy, finally catching a win after a long time.
When you look underneath the hood, you see leverage driving the late stage of a sharp bear market bounce.
We may grind a bit higher but a violent pullback is due very soon.
MicroStrategy's entry price on this clip.
Should be impossible to buy local highs this consistently but chad @saylor manages it. every. single. time. https://t.co/AT0DUxXoIW
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