$BTC dropping rather hard, down to the bottom of the accumulation area from a week ago
$SOL dropping less hard, to the top of last week’s accumulation area, despite having a much smaller market cap, which is weird, because generally you’d expect smaller cap coins to drop harder when there’s a market-wide drop
And then if you look at the SOL/BTC ratio chart, you see something kinda shocking
— At the daily level, the ratio SOL/BTC seems to follow shockingly predictable patterns, that a simple momentum-following strategy could ride quite well
So now really wondering how well a simple momentum-following pair trading strategy would outperform holding either of these coins alone here
Why might this apparent opportunity, if real, have already been traded away?
Perhaps because most of the big traders only really care about their USD-denominated gains, which doeds not follow this smooth pattern,
Whereas this pair trading strategy would just focus on maximizing SOL & BTC denominated gains, which may or may not equate to USD denominated gains
= i.e. you’re implicitly going long while using this pair strategy, betting at least one will go up, and perhaps the more sophisticated traders are afraid to do that, usually preferring non-directional market neutral bets
Something to look into for those who are long on cryptos anyway…
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$SOL dropping less hard, to the top of last week’s accumulation area, despite having a much smaller market cap, which is weird, because generally you’d expect smaller cap coins to drop harder when there’s a market-wide drop
And then if you look at the SOL/BTC ratio chart, you see something kinda shocking
— At the daily level, the ratio SOL/BTC seems to follow shockingly predictable patterns, that a simple momentum-following strategy could ride quite well
So now really wondering how well a simple momentum-following pair trading strategy would outperform holding either of these coins alone here
Why might this apparent opportunity, if real, have already been traded away?
Perhaps because most of the big traders only really care about their USD-denominated gains, which doeds not follow this smooth pattern,
Whereas this pair trading strategy would just focus on maximizing SOL & BTC denominated gains, which may or may not equate to USD denominated gains
= i.e. you’re implicitly going long while using this pair strategy, betting at least one will go up, and perhaps the more sophisticated traders are afraid to do that, usually preferring non-directional market neutral bets
Something to look into for those who are long on cryptos anyway…
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👌4👀3
Bull case here, purely based on price signals, which you shouldn’t ever do by itself, but if you did,
Is that the slower the rate of climb, with more accumulation areas, the further it can go up
(Not that quick big rises can’t happen, which they can, but rather that slower rises up might be expected to rise higher)
Bear case here: that you shouldn’t look at that short term pattern, and instead expect a repeat of lower highs and lower lows.
Again looking just at past market data, alone, for predictions is a bad idea, other things can completely overwhelm and overturn these, but there’s a couple price movement based ideas.
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Is that the slower the rate of climb, with more accumulation areas, the further it can go up
(Not that quick big rises can’t happen, which they can, but rather that slower rises up might be expected to rise higher)
Bear case here: that you shouldn’t look at that short term pattern, and instead expect a repeat of lower highs and lower lows.
Again looking just at past market data, alone, for predictions is a bad idea, other things can completely overwhelm and overturn these, but there’s a couple price movement based ideas.
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👀5
Would bet that if we go much below this past accumulation area,
then, short-term, people would panic we have one more flash crash before the golden bull resumes
tbh idk, but would bet that this summarizes what many others are thinking
basically only certain thing, in the short term, is that things are very uncertain in the short term
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then, short-term, people would panic we have one more flash crash before the golden bull resumes
tbh idk, but would bet that this summarizes what many others are thinking
basically only certain thing, in the short term, is that things are very uncertain in the short term
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👀6
Second mass money-printing wave here we come?
Just like the late-70s, early-80s all over again?
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Just like the late-70s, early-80s all over again?
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💯12👀7🔥4🫡3
BREAKING: Israel conducts ground raids in southern Lebanon ahead of a larger possible invasion
Trigger for another mini crypto dump?
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Trigger for another mini crypto dump?
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👀5
Israel tells Washington it plans imminent ground operation in Lebanon, U.S. official says
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😐5👀4
Bear case:
With the pullback tonight, notice how the shape of the current surge is starting to resemble the previous one
Repeat coming?
(Not sure.)
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With the pullback tonight, notice how the shape of the current surge is starting to resemble the previous one
Repeat coming?
(Not sure.)
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👀4
DoomPosting
Sell on news 🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Looking like sell-on-news was the right move for $MOODENG
And it wasn’t really launched at the right time, just a little too early
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And it wasn’t really launched at the right time, just a little too early
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👏4
“crypto is worthless because it doesn’t work without internet and electricity”
bros say on the internet, which also requires internet and electricity
guess the internet is worthless too
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bros say on the internet, which also requires internet and electricity
guess the internet is worthless too
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😁12🔥2
More commie wordcel nonsense from the SEC
Had no “intention” to fulfill the orders?
The correct word is had no “desire” to fulfill the orders.
If someone matched those orders then they were getting executed whether the dude lies it or not.
…The exchange executes the orders not the dude.
Absolute commie wordcel scamming by the SEC.
Wasting their time on fake nonsense to make commies happy, while outright lying with their word choices.
Burn the SEC
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Had no “intention” to fulfill the orders?
The correct word is had no “desire” to fulfill the orders.
If someone matched those orders then they were getting executed whether the dude lies it or not.
…The exchange executes the orders not the dude.
Absolute commie wordcel scamming by the SEC.
Wasting their time on fake nonsense to make commies happy, while outright lying with their word choices.
Burn the SEC
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯5