Dear Traders,
Hope you are having a fabulous day. Lets do a status check on some of our previous ideas
Idea 1:
If you had listened to the 1st idea and planned accordingly, you would have stayed out of the market and saved your entire portfolio from being wiped out (even 3x-5x low leverage long positions were liquidated)
If you were smart, saw the panic globally and extrapolated the panic in the traditional markets to the crypto market, you would have shorted and made 5x-10x depending on your leverage
Idea 2:
If you had followed the 2nd idea, you would have longed around early 100s and made around 120% ROE by now @ 10x
Current status:
- There is an upward movement driven primarily by lack of sellers at such low levels
- Expect a pick up towards 120 where we test a resistance
- Again, crypto markets have been correlating very well to legacy markets like S&P etc so WATCH THESE INDICES - human panic is a herd behavior and affects all the markets so expect people to choose LIQUIDITY over Crypto assets - in other words another DUMP CAN BE EXPECTED
- We may see a test of ~ 80 again so keep some liquidity to purchase around those levels
- I am expecting Idea 1 and Idea 2 to play out over the next couple of months as we struggle to reach global stability
- As said earlier, Im in a low leverage long since 98 and targeting 280 and 360 levels
Trade Safe and Take Care
TameBTC
Hope you are having a fabulous day. Lets do a status check on some of our previous ideas
Idea 1:
If you had listened to the 1st idea and planned accordingly, you would have stayed out of the market and saved your entire portfolio from being wiped out (even 3x-5x low leverage long positions were liquidated)
If you were smart, saw the panic globally and extrapolated the panic in the traditional markets to the crypto market, you would have shorted and made 5x-10x depending on your leverage
Idea 2:
If you had followed the 2nd idea, you would have longed around early 100s and made around 120% ROE by now @ 10x
Current status:
- There is an upward movement driven primarily by lack of sellers at such low levels
- Expect a pick up towards 120 where we test a resistance
- Again, crypto markets have been correlating very well to legacy markets like S&P etc so WATCH THESE INDICES - human panic is a herd behavior and affects all the markets so expect people to choose LIQUIDITY over Crypto assets - in other words another DUMP CAN BE EXPECTED
- We may see a test of ~ 80 again so keep some liquidity to purchase around those levels
- I am expecting Idea 1 and Idea 2 to play out over the next couple of months as we struggle to reach global stability
- As said earlier, Im in a low leverage long since 98 and targeting 280 and 360 levels
Trade Safe and Take Care
TameBTC