Uniswap has a good trend going here, last signal worked quickly, and now we have a potential continuation scenario. Let's see how this goes, I would give this very high probability of moving to the target on time if we break resistance here.
Best of luck,
Ivan Labrie.
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Confirmed, could hit 2x ranges here...Let's see how it goes.
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@tlzkrh1029, I think in general alts are better traded at FTX using BTC collateral during a Bitcoin long term bull run like what we have now. Way safer, as long as you use a stop loss and define max loss between 1 and 5% per trade.
IvanLabrie
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(Then reallocate USD profits to BTC)
csarmendariz
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@IvanLabrie, that's really interesting, I have been trading crypto for quite a while but always mid-long term and I never got enough motivation to start using leverage exchanges. Any chance of a quick explanation of the advantages of trading using BTC as collateral at FTX vs trading spot using your BTC? I find myself really struggling to play moments like this were I can see both a lot of opportunity on the alts and the chance of a correction in BTC bringing alts down hard.
IvanLabrie
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@csarmendariz, it's only viable if you have very well defined risk trade signals to take, where you don't want to risk the opportunity cost in holding BTC spot, but only risk a 1% or so usd loss using margin.