Empire Time To Be Bullish? | 1000x Live
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Sep 18, 2024 Dive into the intricate world of crypto trading, where the art of timing plays a crucial role. Discover strategies for navigating Bitcoin's market dynamics influenced by Federal Reserve rate cuts. Is Ethereum the new XRP of this cycle? Explore the renaissance of decentralized finance and the balance between opportunity and risk in the ever-evolving landscape. Find out how active trading can shine amidst market volatility and the importance of diligent research as you adapt to trends.
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Active Trading in Crypto
- Trade actively in disconnected markets with good risk-reward opportunities.
- Pick your spots carefully and recognize when you have an edge, like buying alts on dips.
John Moulton's Trading Wisdom
- Avi Felman recounts a story about a trader named John Moulton.
- Moulton's advice: If unsure, study the chart, close your eyes, then follow your gut.
Interpreting Crypto Price Action
- Avi Felman observes that much of crypto's price action is driven by individuals.
- He interprets large open interest (OI) increases alongside price rises as a bearish signal.