Empire Trading Crypto Bull Markets With Alex Kruger | 1000x
15 snips
Mar 14, 2024 Discussion on current crypto cycle with Bitcoin at all-time highs, ETF flows strong, and meme coins up. Topics include trading blow-off tops, Bitcoin ETF early stages, Solana & FTX estate, and euphoria levels in the market.
AI Snips
Chapters
Transcript
Episode notes
Risk Management in Bear Markets
- Consolidate risk from many positions into fewer, more liquid, and hedgeable assets when markets get shaky.
- This allows for quicker management and reduces scrambling during volatile periods.
Calling the Bottom
- Alex Kruger called the bottom of the 2022 bear market slightly early, in late May.
- Despite successfully trading the subsequent dump, it was a challenging experience due to being over-leveraged in ETH.
Identifying Market Bottoms
- Major market crashes often correlate with significant liquidations, like the Luna crash.
- However, relying solely on this metric can be misleading, as unforeseen events like the 3AC and FTX collapses can occur.