$ETH
why haven't I closed my position and kept adding to my shorts?
Remember when there were missiles tested for Iran from America before the peace treaty? But the market kept going up? It doesn't matter what good news there is, crypto kind of behaves differently in a sense that when we're in a bear market no singular good news can turn the tide, same as in when we're in a bull market, no singular bad news can turn the tide, the only thing that can change into a bull market if you have an influx of good news. IF YOU CHECK ANY MAJOR NEWS AND ITS REGIME THIS HAPPENS! (except for 2021 stimulus checks, literally this is the pattern for crypto)
What did we have?
0.1% increase in Unemployment Rates (Bad)
111k Job Creations (Good)
Tariffs removed on inflated goods primarily needs (Good)
Yen bonds going up 8%+ (Bad)
With a plus on speculative recessive indicators in the US and its institutions being the primary holders of Crypto, its no wonder theres a selloff
LISTEN IM ALSO A BULL I still have long spot positions, but when trading short term you have to be wary on what market you are on or you'll lose everything if you keep having the sentiment that you MUST be a BULL, no man...
why haven't I closed my position and kept adding to my shorts?
Remember when there were missiles tested for Iran from America before the peace treaty? But the market kept going up? It doesn't matter what good news there is, crypto kind of behaves differently in a sense that when we're in a bear market no singular good news can turn the tide, same as in when we're in a bull market, no singular bad news can turn the tide, the only thing that can change into a bull market if you have an influx of good news. IF YOU CHECK ANY MAJOR NEWS AND ITS REGIME THIS HAPPENS! (except for 2021 stimulus checks, literally this is the pattern for crypto)
What did we have?
0.1% increase in Unemployment Rates (Bad)
111k Job Creations (Good)
Tariffs removed on inflated goods primarily needs (Good)
Yen bonds going up 8%+ (Bad)
With a plus on speculative recessive indicators in the US and its institutions being the primary holders of Crypto, its no wonder theres a selloff
LISTEN IM ALSO A BULL I still have long spot positions, but when trading short term you have to be wary on what market you are on or you'll lose everything if you keep having the sentiment that you MUST be a BULL, no man...