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Recorded: April 3, 2025 Duration: 0:44:03Space Recording
Short Summary
In a recent stream, the speaker analyzed the current state of the crypto market, highlighting trends of decline in traditional assets like the S&P 500 while noting Bitcoin's resilience. The discussion also covered the implications of ETF inflows, open interest in Bitcoin, and bearish sentiments surrounding Ethereum and altcoins.
Full Transcription
Mm-hmm. Thank you. Hello, hello, hello.
Let me know if you can hear me.
If this thing is working.
I haven't done one of these streams for ages.
Alone at least i mean
microphone is good yeah that's nice that's nice yeah i when i stream because when we stream with
runner we talk on the fucking google meets or discord or whatever when I have like a terrible echo in the room but here it seems
like it can be fixed with uh some filters so yeah that's nice okay so I think nothing is you should
see the charts now um yeah I want to talk about I figured out it'd be kind of cool thing to do i get like always bunch of questions about
these weekly articles and stuff that i'm looking at currently at least um and i'm always too lazy
to respond to people about that so it'd be probably cool to just you know do this every once in a while talk about some of these things uh with someone
is texting me here uh but yeah i hope everyone is doing well um we had a quite um quite a day yesterday, quite a week we have, firstly it's the end of the world,
at least for the markets.
We, you know, S&P is looking fucking terrible
and WIX is up again.
I'm to be quite honest, I kind of thought
we're gonna bottom out on this structure here you know when
everyone was talking about the end of the world i'm not going to pretend that i i was you know
expecting all of this but but yeah wix is up today uh quite a bit you know smp is dead i think it's pretty interesting to see uh btc uh not being
like completely dead uh and i think some of it is probably caused by you know some of these
bits basically and i think uh i think if we look at lower time frames, yeah, I think this is pretty, pretty stacked.
Yeah, I said that I learned how to set up OBS for myself.
I don't need you anymore.
It's basically just me now.
I am the streaming person here.
Yeah, look at this.
You know, obviously this can be just kind of a delayed um weakness and you know
this thing can just teleport under uh what is this atk so much lower but this you know it's
looking pretty interesting i think bitcoin overall uh like all things considered obviously we had a
we had a sell the you know we had like a sell event yesterday basically with
every other risk market but you know today it's it's pretty interesting to see and you can see
these uh you can see these uh book uh let me just sorry i'm just going to actually play back my
stream as well so i can see yeah um yeah you can see the this is the you know the classic uh rsi basically for for the
for the spot market i don't know why i have a yen here it's basically looking at binance uh binance
bitfinex and coinbase uh for the book depth and just you know does does this kind of rsi calculation of it
it's been pretty accurate uh you know obviously it has its has its flaws uh as basically with
everything but i like it i know a lot of people now use the depth uh look at the depth uh i like
this more the kind of a normalized version if you will because uh you know it's not only bullish or
bearish where obviously one side is skewed but also it's it's kind of a signal where one side
is skewed and market you know just just this kind of moves through it so you know obviously these
orders for example here you know we had a big skew on the sell side but then this is pre-election
so when we move through it uh you know it was still
negative delta but uh you know the rate of change basically uh was was quite significant here so
this actually gave a bullish signal into into the election so so yeah this is what i have been using
for crypto i i can have like two different um things you know for threat 5 for crypto obviously things
are a little bit different but yeah for this this is uh not looking that bad um
i think i think the open interest is you know this is the running one this is once again kind
of normalized version i think the overall open interest is just cooked i don't know if this is in coins or in uh this isn't coins this is in the
uh the quote uh yeah both of these are very low still so so yeah i think btc is pretty interesting
we had some other things i think i can look on this Lavitas. I don't have a subscription anymore on Lavitas,
which I had last year,
and I don't want to open the Ember Data now,
but I think the options queue...
Oh, it's not going to let me see, I think, the Delta.
What is this thing?
Yeah, actually, but this is only showing the last week so it's not the best
picture but yeah this is also pretty interesting this is basically uh they have this kind of a
little bit of an inverse look i don't know if you if you looked at like there a bit um there a bit
insights or the ember data it's it's basically in reverse uh but yeah this this is basically just showing
the 25 delta uh for options and kind of the skew how uh you know if if the puts or the calls are
basically more expensive shows you kind of the hedging or just general people aping uh if yeah
like i said i only have a week of data here i i don't have a premium sub but this is this is was very
relatively high uh and basically was rising throughout the whole range and I think this is
like historically uh at the highest point in the year it's changed a little bit yesterday but I
still think this is pretty nice here so uh yeah so very cool but upward uh i would say and i would think that i would like to think that
if we're gonna get bounce in threat 5 which you know uh looks like it's going to go limit down
and it in a minute let me just look at the overall picture like everything here uh this is the uh the smp um thing that i'm using there's
like bunch of different things looking at like wigs and stuff you know uh one thing that's pretty
interesting is the put call ratio on the spx as well this is like super down down for retards
basically you know the the options are much more complex than that but once again you can see that you know every time the the put call ratio was uh this high on the spx uh we found the bottom uh basically works
every time until it doesn't but yeah you can see uh this this one not really uh this was you know
this you should have been but this was clearly an uptrend but yeah when we were selling down
have been but this was clearly an uptrend but yeah when we were selling down uh these spikes
in the put call ratio were pretty good signals we are finally kind of breaking through this band
uh i think personally if if the smp is going to find the bottom let me just show look at here uh
look at here uh underneath kind of these lows um i think it's it's if it's going to bounce it
should bounce around here although we know on a weekly and uh and that like higher time frames
is looking looking pretty cooked but uh but yeah everything is like pretty crazy now uh obviously
it's it's a big macro uh so the technical analysis can eat shit but
yeah I'm pretty surprised to be quite fair you know you look at the S&P you look at Nasdaq you
look at you know this Dow Jones this is the Russell I think European yeah European indices
also kind of falling down the cliff so and then BTC kind of chilling uh you know
sideways if anything basically being kind of at the same price it was since the mid of the
march while you know all these indices uh which were usually kind of stronger um dying basically
so yeah I would say that if we would find any kind of bottom in this kind of risk assets, then I think the Bitcoin would have a nice chance to rotate the upside.
You know, I already saw some of the theories about, you know, how BTC is cool again now because there are no tariffs on Bitcoin but and you can like hedge against that
what seems to be kind of demand there I think yesterday we also had some of the inflows
let me just open this on a different chart I think we had yesterday some of the inflow in the ETFs, which is actually also pretty
unusual. You see a lot of the times just, yeah, we had the inflows. Not like a big number,
obviously, we are kind of outside of this post-election uh craziness but overall you know we
uh we saw some inflows which is pretty surprising uh you know all things considered so so i think
ptc is not looking that bad obviously from like technical point of view i think this chart is
quite washed you know like we are just this is like if you use this as
support you know we tested this fucking five times now so uh not the best technical level but but
definitely interesting um the overall chart you know i don't really like ta wise uh it's not that
i would care that much but or like I wouldn't really go much in depth.
But from like a volume point of view, if you have a look,
yeah, we are kind of still very middle of nowhere.
If I would just let me just delete.
Where is this thing? Fucking hell, just get rid of the name.
can hell just good name um yeah it seems to be like we are kind of uh edging in at these at
these volumes basically uh but it's it's very thin here you know i i think if if this thing would like
sell sell down i think at this point it would be pretty quick uh towards these bigger pictures the
bigger kind of areas of the volume again.
So like from a technical point of view, I think I still have some long exposure,
which has basically done quite nothing.
I was, you know, I was buying down here.
I think that was like a best signal.
Obviously, we can have a little bit of a hindsight fun here.
But, you know, when we were selling off very aggressively that kind of first spot demand basically very clearly came here
uh also we had a little bit of that here but you know this spike in in delta uh doi i would say
like both of these were pretty good but you know this one after this is the whole kind of trump scam uh is it was a good
bottom signal now i think we are just kind of fucking around this nothingness so i think like
the price action point of view is it's not really like the price action you know level or whatever
you want to call this i i don't know if there are any like moving averages or v webs or stuff like that i don't look at that um anymore at least but but yeah i i think from like a overall point of view
from these indicators obviously the issue with the indicators is that like they tend to lag uh
often you know like you you sometimes get signals i had a bunch of these basically back in
the previous range,
like you can see, you know, this one was pretty spot on,
but like here, for example, you know, like you get,
you get a book adapter or here, this was a pretty good example.
You know, this was, this is where the book was heavily skewed
on the, on the bit side, basically all the way from like June 18th.
And we had a nice move to the upside, but you know,
it still took, it still took like two weeks so
you know that's that's that's unforgivable on on CT to to be you know like not to be the exact day
and time so yeah I'm kind of well aware that these indicators you can see that we flushed down
we flushed down the OI on a relative point of view here as well but basically just continued down
until we had a decent bounce from the lows so so yeah i'm i'm kind of well aware that this can be
just kind of delayed um delay strength it looks like you know like the price action looks like
anyway but but i think the the overall fact that uh you know this thing is not completely dying uh compared to the smp uh is
is pretty interesting so so yeah the the and the smp itself uh i don't know like we obviously this
this indicator up here basically shows the this is like overall for wigs uh the start to look at
wigs um it's like i said i was kind of expecting this to roll over at
certain point, you know, this is the upper chart here is the spread between the front month and
and the three month expiration, so we had this whole kind of a drama couple days ago,
that or not drama, but you know,
I saw a bunch of posts basically mentioning that the Wix is coming to the backwardation,
which kind of means that the future's curve, you know, I'm not going to draw it.
I can actually show it to you in here, which is probably going to be much better than you
need to.
You can get my terrible drawings uh but yeah basically this uh this futures curve
uh kind of kind of showing that uh you know people are people are basically more scared
of what is going to happen in the near term then what's going to happen in the in the future you
know like usually the curve when it's when it's down here that
like the way the the wix works is that that you know like it's it's usually in
and you know contango basically where people are just chilling now and and you know are more kind of a uh scared in the future basically but but right now it's it's it's a flip of that and you can see we
have that every time kind of big spikes and uh this is basically when the smp is selling off
at the same time so yeah uh i think some bunch of other things that i'm looking at when it comes to
the index are looking pretty good for reversal some some things are still trending down like this thing which is
basically looking at like other stocks uh but yeah a lot of these things are looking pretty good
i would say that uh on the on the chart itself this is um yeah i think that's that's kind of a
thing uh since this thing has traded like a honeypot basically for
uh several years now you know this kind of up only and you always have these like you know like
the way the stock market is trading is basically just up only and then you know you get the um
nuclear selling everyone is dead basically it's over but usually we are so back uh at certain
point uh but yeah i usually you see you know we coming some some sort of like a key higher time
frame levels you know we had the self in 2022 which is kind of the last memorable one uh coming
into we and we usually basically hit like you, like key like higher time frame technical levels or just like the bigger pockets of volume,
which obviously is where you will have the most orders and all of that.
I don't know why the profile is not loading now.
Yeah, this is not going to work.
Something gone wrong. Thank you.
OK, this is not working uh but yeah like usually you know
you basically have these like a bigger volume volume pockets when when stuff is just dying and you're just kind of going to end up bouncing from there but look at the volume here and this is the
spx chart so it's probably not the best one let me just look at the the es uh it's
going to be quite similar you know like that you can see this this move from basically when we
broke the all-time high in january of last year this is also when bitcoin started trending uh
basically this move you know like you can see how little of the volume is actually kind of here
in these in these uh it was in this move compared to obviously this like huge range where we kind
of turned it down for uh you know this is like a much healthier market in my opinion than what we
saw uh in the last year or two basically so so it's it's it's tough because when you don't have a volume of buildups like this
obviously it's going to be much harder to much harder to find some sort of like a strong level
for just you know closing both eyes and just buying and and being happy and yeah you can see
that basically we when we come to these small edges like we came here down here we had a small bounce right now i think we are this is dying basically today or and obviously this is
because of the news and everything but also if you're going to have a look at the
from like the volume perspective you know we are going through this very thin area of the volume
so there is basically just not that much uh to support the price until i
think we're gonna hit this another uh another chunk of volumes here uh then you know the another
one would be another one would be basically somewhere in here and then you're just gonna
go all the way down so so yeah it's it's a little tough right now obviously i i think the altcoins also are pretty dead but from you know
from what i have been trading um i'm to be fair much more uh focusing on the threats five personally
so so this is what i have been doing you know i had some uh big trades and effects actually um
especially yesterday with the um canadian dollar so so yeah but this is going to be very important I
think for the Bitcoin and you know maybe for like other coins as well although you know we had a
um when we stream with the runner that's like a usual altcoin hate cycle basically but
uh but I still think you know the the demand here is it's it's it's the btc here
is it's kind of the key thing um in the in the digital assets so but yeah i think this is looking
pretty interesting now because obviously this is uh the correlation now is breaking and usually
you know like we uh i think there's like a bunch of memes about uh you
know correlation usually breaking only on the on the upside with the with the indices but now we
see the difference and i think if if the smp is going to bounce and if we're going to find some
levels of support which i like i said i would expect probably somewhere around here, somewhere, you know, after we fill this gap, like 53,
65, this is on the CFD chart, so whatever it is on SPY or on SPX, we are, yeah, slowly
coming in there, basically somewhere in this area, so, so yeah yeah if we're gonna bounce here which i think we could uh
because you know like i said a lot of the things uh even here uh that uh um are a bit more uh what
am i looking at uh it's looking at you know yeah i think i think if you're gonna bounce
you know uh the stuff that i look at like you have the rate of change against the bonds here
it's also kind of completely flushed down the open interest although open interest on the es
future is a little bit factor because you have the lower kind of big changes so this is not that
useful but the positioning in the cot which is basically the
futures kind of positioning is also uh starting to look a little more interesting these this
green line here these are the small speculators they are heavily shorting this basically uh since
uh since start of this month uh obviously the the report itself is delayed so uh by one week or by a couple days so
um so you know we might see this even further which which tends to be the signal for reversal
so yeah but you can see you know we have a little bit of a uh support i think coming in and
uh i think this this that could be pretty good for Bitcoin.
So I'm personally just keeping a small long exposure,
which to be super quite honest, I got somewhere in here basically.
So I just round tripped a little bit of the profits from yesterday.
uh a little bit of the profits from yesterday uh i to be fair like yesterday i was mostly focused on
threat fight during the whole uh board showing so um
so yeah um let me know if you have if you have any questions uh what I can also talk about.
Like I said, I just wanted to test things.
I'm probably not going to be on for too long.
I don't even know how long I've been on, but yeah.
Some other markets, some other markets.
I think everything is kind of all over the place today gold has bounced back quite uh quickly uh the bonds are also a little bit unexpected this is
the 30 year bond you know some of you probably trading or in are ETFs you know you would have expected this to be I think
much higher what I think is quite yet three month short term still holding and going much higher but
other than that you know only 30 years is struggling the short terms are still going up so uh yeah what is my opinion on
eat btc soul btc well that's that's not uh the best thing so we have to be quite honest I have not probably the best person you want to be asking this
because I am not the biggest fan I think eat BTC is once again I need to just respond to
this yeah I think eat BTC at this point you you know is probably going to go all the way to to these lows
um and you know like 2019 lows i i think you know there has been uh many attempts here you know when
we were coming into once again these these volumes uh you can see we had the small bounces which is you know was every time we were so back
uh but unfortunately no never really came uh i think yeah i think we are just gonna go i think
we are we are just going to go back into this like a much lower region in here um it's it's tough
though because like i think you need to also look at into into the kind of a
fundamental point of view uh in quotes and i i obviously don't want to be uh i don't want to be
like a huge hater of things and and you know like i don't really you know i'm like overall
kind of a uh i always been trading uh you know both sides sides. I don't really care about the tech,
which, you know, to be quite honest,
I have missed a lot of very good opportunities
to make much more money than I made on some of the trades
because I, you know, never really, you know,
like there were things where I could have,
I would have probably
held for much longer if i would have been more informed about things so i'm not saying this you
know like i know a lot of people that are trading they they have this like a very set uh mindset
let's say on the you know it's just trading it's all the speculation and all of that that's
obviously i think true i think overall crypto is like huge just speculation pool and even stuff that has quote-unquote
fundamentals is speculation at the end of the day but but yeah there were definitely cases where i
was like you know i i should have should have to like more diligence on some things like i i was
very early to a lot of the trends but then you
know because i didn't have that much of a conviction in anything kind of fundamental to say
uh you know i i often closed stuff too early so there's that from i think from like each point of
view uh i think there is a little bit of a fundamental issue with the ethereum foundation
and like with with eat in general um in the simplest terms you know i think you can look at
um websites as like defy lama uh let me show if i get here uh into some of these dashboards basically I think personally that
like where is this ethereum uh revenue yeah I I think you know these things like it's it's
not just like I think BTC has its kind of a, you know, value prop at this point, you know, people use it as, you know, obviously it kind of changes.
So it changes based on, you know, it's either a digital gold or it's this risk on asset.
But like what it matters at the end of the day with Bitcoin is that, you know, there was this kind of a institutional interest.
You know, you can buy the the etfs which have a
lot of volumes and all that but i think a lot of these layer ones at the end of the day they are
very kind of a speculative tools you know i don't think that many people are using the chain itself
i think you know like the the apps and all the stuff uh that is being built on it it's it's a kind of a
reflection on on that and i think like this uh when you see like that the revenue is dropping
down so much uh it kind of and you know like especially for ETH which had you know which had
this kind of a first mover advantage uh with you know like the cme futures
on eat got uh i don't know it's like 21 if i'm not mistaken so they have been out for a quite a while
eat you know has got etf as well and you look at these uh kind of a um you know it's like not the institutional but like threat fi uh derivatives
basically where you know bitcoin got a lot of attention but but the volumes and like the
overall interest in the eat was very low so if that's the case like you need to have some other
reason for uh for the price to go up and obviously, and this is not only for ETH
I think this is for any other chain
and I think the technology point of view
is very kind of a personal opinion
on, you know, like there are people
who are going to tell you that
the stuff that is built is the best thing in the world
but, you know, at the end of the day
like for example the stuff that I care about is that, you know, is this like making money basically?
Is this like, is there actual volume on chain?
Are people, I think this is one of the reasons why like Solana was so successful, you know, is because basically the volume and the revenue got from absolutely dead
being absolutely dead to just like very up only you know with obviously all the pump fun stuff
and everything else and this is why i think seoul outperformed quite a lot compared to you know like
eat for example but right now you know we can we can once again see the see the volume
kind of moving away from uh on chain you know moving away from all these shitters and you know
solana is also struggling quite a bit i think you know sol is down uh we said made the new all-time
high so there's that but you know it's down 60 now and there is like not that much to on a to bid basically here because
we i even from like a ta perspective i think this is looking pretty cooked but you know once again
you can see we came into this like a chunks of volume uh this is this profile is going to be a
little bit skewed because we spent so much time down here uh during which i think there was the
period basically where on binance
you had like zero fees for trading on something silly like that and it just like skews these
profiles so much but um if we look at yeah like you can see basically we came to this like a big
big support area and you know we are kind of like dying down now uh i think for seoul uh i think for seoul uh i would be interested
under 100 dollars i think that that's like a big psychological level as well for a lot of people
so if we ever end up getting there i think it would be pretty interesting let's see the order
flow here obviously has been pretty good uh on i had some longs the last trade i took was back in january uh on sol you know when
we once again you know open interest flashing down a large spot demand coming at the lows you had
nice kind of this uh you know false break underneath the support is a very nice trade but ever since
then basically uh you we obviously got some of these spikes but you know price is just kind of not doing much
uh and you know to to kind of answer your question about the sole btc um
yeah it's it's not great right it looks it looks similar as ebtc a little bit um so yeah it's it's tough i think for from my point of view uh there needs to be once
again uh this kind of a interest and a lot of volumes coming back into uh into you know meme
coins on chain and all of that too which can once again drive these these markets higher because so far i think uh this kind of a
you can you know call it let down or or whatever is that uh is that you know also sol is you know
solana basically got uh the cme futures as well you know like um two weeks ago if i'm not mistaking
or something like that yeah like mid-march basically there was a launch of the cme futures uh the but uh you know it's just getting zero volume basically and you have a
if you and you have also these uh other coins you know coming with the etfs and all of that but it's
just like so far we only basically saw BTC being successful you know like a
transition from crypto to ThreatFi via the derivatives basically so it's tough for altcoins
I mean it's really hard for me to kind of get an idea like what something basically needs to change there needs to be like influx of new people or
something uh for for you know to to get the move from from basically bitcoin to altcoins and i'm
not really because how these things how volatile these things are with like eath is you know down in four months basically it's down what's that 60 you know soul is down 60
as well from the highs and you know like it's it since it's down 60 you know like it can go
down another 50 pretty quickly basically so and you know like what we saw in the past cycles as well as like the the especially altcoins can like reach these unimaginable
uh levels of depression so i'm definitely not interested in you know trying to like catch a
knife or just buy at the bottom to just you know flex online or and all of that uh i am much rather
buy late not super late obviously but like a little later when i see this kind of a
overall strength in in more coins at the same time you know going higher hope especially against bdc
and all that and basically just jump into the trades where i feel like it's going to be much
less painful right rather than you know just buying here solana buying here eat
and then eating like 50 of a downside before you know any kind of reversal and then obviously being
in a shitty position as well so do you trade by focusing on specific coins from your trading view i oh uh i like i said i for my personal trading i mostly trade futures which are on you know like
the cme futures that red five futures so stuff like the the smp stuff like some epic stuff
and all of that so uh so yeah i don't really trade that many many altcoins outside of the BTC. I swing trade, you know, I don't trade anymore as well.
So I don't really trade stuff intraday.
I just hold stuff for longer.
But yeah, the things that you mentioned are actually pretty good.
Like I used Velo a lot.
I think Velo is great.
Live with us is also great if you want to pay for it.
It's a very good website.
But on Velo basically when you go here to look at the charts.
You can pull these lists.
Fucking hell.
Yeah you can pull these lists.
You can set out the filters.
You can see I have these coins here above.
What is this 10 million?
Look at the Oi changes basically obviously you
will get the biggest scams with like 700 uh oi changes but then you will see you know like some
of these altcoins sometimes like abe for example up five percent on day like you you start looking
at this you look you know what is this uh selling uh or buying you know who is this kind of how the chart is looking and
all of that and you can basically start to take take these which i would say is there are like
more uh intra-week shorter term trades this is a lot what i was doing you know a couple years ago
i i don't really do it anymore i don't really uh have you know that much time and like i don't want to basically i'm not really interested in
uh active day trading and you know it's more it's harder basically for altcoins as well
when you are swing trading uh because like my average holding period of trades is now basically
in like weeks uh days to weeks so uh you know altcoins the order flow on altcoins i would say it's much more
uh it's more short term it's more easily manipulated manipulated as well compared to
btc like when you have you know when you have something very strong on bitcoin like when we had
uh you know at the highs we had like very negative skew here for example uh so it's a solana uh but on btc you know
when when you see the walls you know the the spot defending like this after we had a basically new
failure at the all-time high uh the open interest also kind of extended and all that like that
that's much more kind of a strong swing trade for me rather than you know just getting into just a bunch of
altcoins uh their order flow is going to be more messier also there is like a big correlation risk
you know obviously you can be wrong so i you know like you often see these or i often see these
screenshots on twitter where people just like post like they have like 20 altcoin positions opened
usually on the same side and like if you don't know how to kind of
structure the trade from like this the risk point of view that's like a super dangerous thing to do
especially you know if you are wrong so so i don't really trade altcoins all that much i think altcoins
um you know obviously you can short everything you know that's it's kind of viable things since everything is going down but i think uh the best and the easiest time you will have with altcoins is when you know things are
really in this like an easy mode and you just buy these narratives you know like i was like last year
you know i caught a lot of very nice trades like very nice winners and you know i am like one of the latest people into into
all of these ai you know like ai narratives meme coins and all of these things like i'm very late
to a lot of these things i'm not in like any chat groups you know that are talking about these coins
and all of that so so yeah i think when things are in like a super easy mode and you have some sort of like a risk management in place,
I think this is kind of the best time to just trade, you know, altcoins,
especially for like a longer term.
Right now, obviously for day trading,
I think the volatility in crypto is, you know, still there.
You can still day trade.
But a lot of these altcoins are kind of don't have that much
liquidity it's just you know it's just not for me uh anymore but it's it's something which i was
doing for quite a while and uh you know as exhausting it can be uh there is a lot of a lot
of stuff that you can find trade and that all that so yeah uh do i ever put the sting bits yeah i mean it's it's pretty it's probably the
best thing you can do to be quite fair just like if you have the levels especially like if you
uh if you are if you want to hold things for a while uh you can just you know set up the orders
i i haven't really done it here because there was like
you know you're basically moving back towards this uh big push from the elections which is like
probably there's like not that much away support uh but you know some like here it was pretty tough
to be fair in this range it was pretty tough i i did it with some altcoins i think back in
uh back in last year uh where i
still believed like vtc is gonna go up i think you know stuff that basically was strong uh in the
past but yeah i think using using like a simple price action uh on higher time frames and just
setting limit orders you know it's it's very good thing you should be doing. It's kind of tough because like you often forget about it and everything.
But yeah, it's good practice to do.
So yeah.
Since both eat and salt are going lower, maybe good to short.
Well, I mean, that's obviously up to you.
If you want to be shorting that, I think, you know, like eat.
I was, I was, unfortunately, I wanted to short eat last week.
I haven't managed to get into the trade.
I think it's, it needs to be some kind of, I think you need to have like little bit,
obviously you can get away with, you you know like with a lot of these
altcoins especially like you would you would have probably got away with just you know it's weak so
i will short it but you know i always try to just uh be a little more kind of mindful when i'm getting
in the trades you know have like a little stronger reasoning than just you know it's weak against
especially like my portfolio is kind of denominated in dollars you
know i don't really trade in bitcoin so like it's obviously the fact that it's weak against btc it's
it's uh it's like big warning sign but at the end of the day you know i'm not like if you if i would
just short eat right now and you know both eat and b BTC in like the USD pair would go up today and you know
Bitcoin go up more and would be stronger than obviously ETH BTC would still most likely be down
but I would also be down because you know I shorted ETH because the ETH BTC is weaker doesn't really
make that much sense uh for for me for the way that I trade so um yeah anyway guys thank you for tuning in i will cut the stream
here i need to do some other things uh but yeah it was fun thank you for joining and yeah i will
catch you sometime next let me know if you um are interested in these type of things yeah so see you
