Bitmex funding rate is one of the most reliable indicators I have ever seen. Basically it shows, if traders are in LONG or SHORT. And because most traders are always on the wrong side of the market, this LONG/SHORT ratio is beautiful contrarian indicator. Cycles of greed & fear are constantly changing and right now, we should be on the peak of the "greed" cycle. I won´t buy single satoshi right now, until I see that "fear" on bitmex funding rate. We could only correct down to 30k and maybe there will be bunch of fear, then I will buy at 30k. On the other hand, there might not be any fear even at 20k,10k, then I won´t buy at 20k, 10k and I would wait for lower prices.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.