this is a look at BTC ETH DeFi ALTS & S&P500 2017-Present
this is a look at BTC ETH DeFi ALTS & S&P500 2017-Present
_(ETH GREEN NTC DARK ORANGE DeFi IS WHITE ALTS dARK pURPLE AND S&P500 IS THAT DARKER PINK)
its funny when some one argues with a, to the death mentality, that "there is no correlation with the S&P500 or other markets. Look, correlation, in it self is subjective esp in the "market context speak" we all use. All money is in some shape form, push pull, all connected. cause and effect. The goal here is to measure or guess the best we can the strength of these, "cause and effects" while anticipating human nature or stampede mentality up or/and down.
As to more direct correlation with S&P500 vs BTC or vs Crypto Market, I would say that crypto is just becoming more main stream (more and more places to trade it) and easier to access and trade. So when the market sentiment is poor and markets "in general" are dropping, well crypto has made it, we are officially one of the markets and have enough liquidly sources to be effected by these same market/financial events. (Interesting point and not sure if directly related here but in general definitely a "Crypto factor" here_ is no limit of trades you can do in a day, food for thought)
not saying that anyone is RITE or WRONG here just that< I for one >have found it more profitable to NOT paint myself into the corner of one way of rigid thinking. In this hustle, it pays to think out side the box and use what works while being willing to adapt and change esp if one day, the same thing no longer works (obsolete)
iVE FOUND 2 THINGS VERY HELPFULL WITH MY TRADING THIS YEAR. bEING WILLING TO THINK OUT SIDE THE BOX, WHILE NOT SPREADING TO THIN. IE NOT TO MANY POSITIONS. (EVERYTHING SOUNDS AMAZING AT TIMES I KNOW. ESP WHEN NEWER TO CRYPTO) Tradermayne is an amazing follow fyi out there in the crypto social media world and really helped my overall trading and understanding of the markets and how I view them. that and not reading the crypto news esp NO T and A opinions until I make my trades or decision not to trade, trade, whatever the plan, for that day... i find to many outside ideas on the market messes up my reads. one thing to get others advice and none of your own opinions or plans if you just, that day week whatever, cant get "that feel" down about the markets.
_2ND IS HAVE A GENERAL PLAN STRATAGY WHATEVER AND STICK TO IT WHILE NOT TRADING JUST "TO TRADE". hAVE A PURPOSE IN YOUR TRADES
_in short, FIND YOUR OWN STYLE THAT WORKS FOR YOUR STRENGHS AND WEEKNESSES. TAKE THE PARTS YOU LEARN AND ADAPT THIS "advice" ETC TO YOUR STYLE BUDGET AND LIFESTYLE (EXAMPLE IF IM BOARD ILL PANIC AND START SWING TRADING JUST TO TRADE BECASUSE I FEEL I SHOULD BE TRADING.FOR ME LESS TRADES I DO USSUALY THE BETTER)
for the present me and mine/THE PLAN is_TO TAKE PROFITS EVERY LEVEL AND CHANCE I/YOU GET. I FEEL THE MARKET HAS ONE MORE SAVAGE DROP IN HER AND IT WILL HAPPEN FAST. WATCH WHEN LONG POSITIONS GET TO LOPSIDED. LIKE RITE NOW WE SEE SHORTS GETTING LOPSIDED AND ONE OF THE MAIN REASONS I SEE A "BEAR MARKET RALLY" IN THE CARDS, SHORT TERM , THEN DUMP AFTER bear market rally TO CLEAR OUT AND rekt REKT THOSE POSITIONS.
_(ETH GREEN NTC DARK ORANGE DeFi IS WHITE ALTS dARK pURPLE AND S&P500 IS THAT DARKER PINK)
its funny when some one argues with a, to the death mentality, that "there is no correlation with the S&P500 or other markets. Look, correlation, in it self is subjective esp in the "market context speak" we all use. All money is in some shape form, push pull, all connected. cause and effect. The goal here is to measure or guess the best we can the strength of these, "cause and effects" while anticipating human nature or stampede mentality up or/and down.
As to more direct correlation with S&P500 vs BTC or vs Crypto Market, I would say that crypto is just becoming more main stream (more and more places to trade it) and easier to access and trade. So when the market sentiment is poor and markets "in general" are dropping, well crypto has made it, we are officially one of the markets and have enough liquidly sources to be effected by these same market/financial events. (Interesting point and not sure if directly related here but in general definitely a "Crypto factor" here_ is no limit of trades you can do in a day, food for thought)
not saying that anyone is RITE or WRONG here just that< I for one >have found it more profitable to NOT paint myself into the corner of one way of rigid thinking. In this hustle, it pays to think out side the box and use what works while being willing to adapt and change esp if one day, the same thing no longer works (obsolete)
iVE FOUND 2 THINGS VERY HELPFULL WITH MY TRADING THIS YEAR. bEING WILLING TO THINK OUT SIDE THE BOX, WHILE NOT SPREADING TO THIN. IE NOT TO MANY POSITIONS. (EVERYTHING SOUNDS AMAZING AT TIMES I KNOW. ESP WHEN NEWER TO CRYPTO) Tradermayne is an amazing follow fyi out there in the crypto social media world and really helped my overall trading and understanding of the markets and how I view them. that and not reading the crypto news esp NO T and A opinions until I make my trades or decision not to trade, trade, whatever the plan, for that day... i find to many outside ideas on the market messes up my reads. one thing to get others advice and none of your own opinions or plans if you just, that day week whatever, cant get "that feel" down about the markets.
_2ND IS HAVE A GENERAL PLAN STRATAGY WHATEVER AND STICK TO IT WHILE NOT TRADING JUST "TO TRADE". hAVE A PURPOSE IN YOUR TRADES
_in short, FIND YOUR OWN STYLE THAT WORKS FOR YOUR STRENGHS AND WEEKNESSES. TAKE THE PARTS YOU LEARN AND ADAPT THIS "advice" ETC TO YOUR STYLE BUDGET AND LIFESTYLE (EXAMPLE IF IM BOARD ILL PANIC AND START SWING TRADING JUST TO TRADE BECASUSE I FEEL I SHOULD BE TRADING.FOR ME LESS TRADES I DO USSUALY THE BETTER)
for the present me and mine/THE PLAN is_TO TAKE PROFITS EVERY LEVEL AND CHANCE I/YOU GET. I FEEL THE MARKET HAS ONE MORE SAVAGE DROP IN HER AND IT WILL HAPPEN FAST. WATCH WHEN LONG POSITIONS GET TO LOPSIDED. LIKE RITE NOW WE SEE SHORTS GETTING LOPSIDED AND ONE OF THE MAIN REASONS I SEE A "BEAR MARKET RALLY" IN THE CARDS, SHORT TERM , THEN DUMP AFTER bear market rally TO CLEAR OUT AND rekt REKT THOSE POSITIONS.