People/traders always laugh at basic Google Charts....as if to be taken seriously, you need some kind of independent, overly technical, dark, software solution that makes you look like a NASA or Military engineer or scientist from the 90's. I'm not a scalper, I just need to see the overall market movement to confirm my trade hypothesis. One trade, one day. I look like kindergarten, amateur hour, to some....but I'm pretty sure my performance and returns and understanding blows a lot of people away. You can be obsessed with trying to look cool, stylish and intelligent....or you can actually, simply, just be one. All social media traders....have the same setup with 5 large monitors and glowing lights everywhere....those clowns can't trade. They just look and play the cliche role, part, to fool and impress themselves and everyone else. I personally like to think of myself as the Mr. Miyagi of trading, while everyone else belongs to the fancy, evil, mass market, dumb, Dojo. Cheese-o, Schizo
Not for somebody who's on the wrong side of the market. But for some very strange reasons, the gamma is not very big today so even if you have sold the wrong options, you don't get screwed as much vs. when it was this May. The market was lot more volatile then.
Put up daily charts of bitcoin and spx, you can see the correlation is very high. Not only bitcoin, currency such as eur, gbp, aud are all correlated to US equity.Institutions buying them treat them like they are sectors of US equity.
I think with ETH, there can be a bit of a disconnect with the rest of the market. This merge to PoS is just around the corner, and based on all the videos I'm watching, many are saying its gonna be a big flop. Plus, ETH through centralization looks like it can easily be controlled by the government (ie. Tornado cash fiasco), so I think its losing some of the main ethos, or maybe even never had it in the first place. My point is that as much as I don't want this to happen because I have some exposure, ETH can go down for fundamental reasons which might end up being a huge boost for bitcoin. So this correlation between ETH and the rest of the market can break down very quickly.
For me ETH lost it's luster when all I was getting on my twitter ETH feed was "Like, RT and Tag 2 friends" for $$. At least a dozen daily. Thank god we are in a bear market.
NFA The Merge is a huge change in the Ethereum design. It carries risk. What's the reward if it's successful? The staked Eth are still locked If ever there's a buy the rumor, sell the news, it would have to be this one imho Algod, the dude who bet $10M against Do Kwon shorted Eth recently and is in big profits so far I'm trying to find a way to get access to perp futures so I can put a leveraged Eth short position. Nothing big, willing to get my collateral get liquidated
I'm banned from Kucoin, lost about a couple of thousand $ worth of cryptos (worth less now, lol) n the account Technically, I'm not banned but I cannot produce KYC for the location I have in my profile and my account has been frozen since they asked me to provide KYC last year I'm not sure how legit Bybit is, but it's getting a lot of promotion on YouTube influencers so it must be ok I had my Binance dot com account frozen too since they forced everyone to KYC last year, but I had less than $10 in there. They at least gave over a month of warning, but situation with Kucoin was out of nowhere, just one day I could not withdraw
Sorry don't mean to fud Kucoin. It might have been related to my phone number and location that is set to a Southeast Asian country but my VPN IP address was set to another country If you're careful and consistent with your settings and activity, there should be no reason to trigger their alert systems