This week, the hosts dive into Bitcoin's milestone as it skyrockets past $100k. They explore the implications of a possible alt season and the excitement around AI-related coins. Insights on Ethereum's market viability and trading strategies stand out, alongside lessons on early loss cuts. The discussion on WorldCoin reveals shorting strategies and broader market trends. Personal trading experiences add a relatable touch as they navigate complexities in cryptocurrency trading. Get ready for a whirlwind of insights!
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insights INSIGHT
Understanding ETH/BTC Rally
The recent ETH/BTC rally was a massive short squeeze due to over-shorted positions.
After a strong rally, waiting for sideways movement is key before shorting again.
volunteer_activism ADVICE
Cautious ETH Shorting Advice
Be cautious shorting ETH during strong rallies due to historical short squeeze risks.
Wait for price discovery to end and for the rally to stabilize before entering shorts.
Gm! This week, we discuss the current state of markets as BTC breaks through $100k. We deep dive into last weeks huge short squeeze, are we in an alt season, how to define success in trading, will we continue ripping & more. Enjoy!
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Timestamps:
(00:00) Intro
(01:07) ETH Just Squeezed The Bears
(10:57) Ads (Kraken OTC, WalletConnect)
(12:470 Are We In An Alt Season?
(17:27) RWAs
(23:50) Ads (Kraken OTC, WalletConnect)
(25:40) Shorting The Rips
(35:22) Ads (Ledger)
(36:04) Defining Success In Trading
(41:33) Will We Continue Ripping?
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Disclaimer: Nothing said on 1000x is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed
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