Crypto Macro Trends for 2022

johnarb said:
I sold way too soon earlier this morning and had to go out today so was not able to re-enter and missed out on a some wicked green candles

Looking to enter long in the low $18,100's level btc perp futures
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nice green candles. i pray i don't roundtrip this to a loss

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johnarb said:
Back again, long btc perp futures @ $18,789
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Roundtripped again... $900+ profits to about break even, closed half position at $18,795 and $18,804

Was waiting for the Asian traders to get the party going but they never showed up, volume was flattish

Anyway, good day today, will go long again tomorrow morning

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Very bad entry, woke up to this chart many green candles, first red candle and couldn't quite catch it

fast moving market, so like an idiot, fomoed at a high print, currently at a loss rn, it's ok, will ride it through, must be some news out there

Long btc perp futures @ $19,264

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Axon said:
I'm really enjoying this thread, @johnarb. Thanks for taking the time to post your thoughts, trades, and charts. Very helpful.
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Thank you, Axon. Very much appreciate your post. I stopped posting trades, mainly because volatility was crap on btc (perp futures) until recently

Today is a bad entry but I plan to hold the position for many hours. I think btc is going back to $20K but it may not necessarily mean today or tomorrow

Bad timing on my part, woke up and seeing that chart green candle after green candle on good volume. Still looking for the news that drove this move, but haven't found it, yet. Will update the thread if I see one

It may just be a bunch of leveraged shorts that keep getting liquidated and then new shorts pile on to higher prices. Saw a Twitter post that the funding for being long btc perp futures is negative(?) the market is too heavy on the short side they pay the traders to go long, but still not enough takers

Anyway, there are 2 charts I always post, the one on the left is from the crypto perpetual futures platform but the one on the right is the more accurate market chart - Binance Spot market with volume info

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johnarb said:
It may just be a bunch of leveraged shorts that keep getting liquidated and then new shorts pile on to higher prices. Saw a Twitter post that the funding for being long btc perp futures is negative(?) the market is too heavy on the short side they pay the traders to go long, but still not enough takers
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Position flipped to (small) profits rn. Actually happened a few times, but no plans to close

https://twitter.com/x/status/1613905681119346688
 
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