Crypto Mumbles
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things I mumble to myself about crypto

basically my transparent crypto diary

education, analysis, and trades ๐Ÿ™‚

Twitter: https://twitter.com/dpycm
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Forwarded from infinityhedge
ETF delayed.pdf
2.1 MB
SEC Solicits Comments on Proposal to List Ark Spot Bitcoin ETF
infinityhedge
ETF delayed.pdf
i guess if itโ€™s not a flat out rejection itโ€™s alright

delaying shouldโ€™ve been priced in and imo more likely weโ€™ll see etfs being approved in succession together
btw, Tigris has an ongoing weekly trading competition where the top 10 traders share a pool of $2000 USDT

if you're a decent trader that trades w some size i highly recommend you to trade here and get the weekly prize money

as you can see, its not very hard to break into the top 10

+$92 pnl already puts you at 10th

i don't trade high frequency + my size is not size so i'm still getting there ๐Ÿค 

also most of my trades are still on kucoin due to mobile accessibility .. ๐Ÿคก
strong launch from $HMX

- almost 10m in TVL
- biggest +ve 7d change in tvl
- top 5 derivative dex on arb
OI build up in positive funding while price remains mostly sideways (with HLs)

longs being absorbed?

up then nuke it down?

possible limit sell here ๐Ÿค”
๐Ÿ‘1
these are extremely shitty candles which represents a lot of indecision in the market (doji w long wicks or candles w small bodies)

time rhythm trading - after slow moving indecisions by the market like these, the next move will be a quick explosive one. the closest example would be the indecision from 5th-7th aug leading to a quick drop before pumping up to weekly highs

if i have to guess.. i think maybe one more up move before further down? the reverse of the initial move after periods of indecision is more likely to be true

longs recently got flushed from the move down from weekly highs but OI has been stagnant since (also because its the weekend)

longs from 29k are still in the trade and i think we'll tag them eventually

i'm still holding my shorts but i think i might close them in profits and try to reshort at higher prices instead of round tripping my profits