A bet on volatility is a bet against altcoins

The volatility is depressing right now on Bitcoin and it will hit any time.

When volatility comes, altcoins pretty much collectively dump vs BTC. We are at a time, where you have a very nice risk-to-reward short setup on ALT/BTC pairs, and the outcome is very probable.

Bitcoin makes moves, ALT/BTC pairs will dump. The trade setup is to short altcoins vs BTC pair. Volatility is going to come and either way it goes, you win.

It's not 100% because nothing is, but the odds are in your favor, BY A GREAT MARGIN.

 

No-one posted so i have to praise myself. Great call

 

What about BTC vs USD?

 

It's super risky playing alts vs BTC. Any sudden moves BTC makes, to the up or to the down, almost always makes ALTs go down. And most of it is because Bitcoin dominance is so high.

When Bitcoin dominance drops, and Bitcoin is in a bear market, that is the time to start playing alts...

 

We don't understand what you are saying.
Let me rephrase.



A bet on volatility is a bet against altcoins -->

Trade when BTC volatility increases, as
altcoins volatility will decrease.

The bitcoin volatility is very low and it will increase any time.


When BTC volatility increases, altcoins will go down much more than BTC.


The day is coming,
where you can have nice risk-to-reward short setup on ALT/BTC pair,
and the outcome is very probable.



When Bitcoin starts to move ( up or down ), ALT/BTC pair will go down.
The way to trade is to short altcoins vs BTC pair.
Volatility is going to increase and either way it goes (ie whether price OR volatility increases or decreases ) , you win.


It's not 100% guaranteed success because nothing is,
but the odds are in your favor, BY A GREAT MARGIN !!!

Hope by translation is correct.

 

i just feel altcoin follows btc movement. lol

 

This is not the way to trade / explain.

You need to explain whether the spread (between altcoin and BTC).
is going to get wider, or going to reverse to mean.
You need to plot the chart of spread vs time. And based on past data, is spread going to get wider and wider, or is it going to reverse direction ?

 

It's all there, IDK how else could i explain it? Shorting alt/btc was the move. All altcoins dumped hard yesterday, shortly after i posted, including ETHBTC which did like -5% in a moment.

That was the trade. I don't know what comes next.

You can only short alt/btc pairs on Bitmex OR if you want to short ETH/BTC, you can get a 'synthetic' equivalent by going long BTCUSD and shorting ETHUSD.
BTCUSD/ETHUSD = BTCETH