Hi,
If you're trading crypto i'd be watching the VIX.
Here's some insight.
1- high vix ( meaning good opportnity to buy volatile assets like BTC)
1 - low vix ( everyone to comfortable and thinks we may bounce to the moon)
This is just simplified version obviously.
Personally I think over the recent weeks of meme tokens fortunes / and people comfortable with buying crypto as it's been bouncing at every trendline, this means we are in for a flush out.
Questions to ask yourself:
1 - A flush to induce the fear + liquidations likely or unlikely ? / Can the VIX bounce at this stage?
2 - Is the Key inflation data 10/5 is the negative news required for the flush out?
3 - or will we just go to the moon and all be millionaires?
Key takeaway: Don't buy meme tokens if you're not willing to lose it all
If you're trading crypto i'd be watching the VIX.
Here's some insight.
1- high vix ( meaning good opportnity to buy volatile assets like BTC)
1 - low vix ( everyone to comfortable and thinks we may bounce to the moon)
This is just simplified version obviously.
Personally I think over the recent weeks of meme tokens fortunes / and people comfortable with buying crypto as it's been bouncing at every trendline, this means we are in for a flush out.
Questions to ask yourself:
1 - A flush to induce the fear + liquidations likely or unlikely ? / Can the VIX bounce at this stage?
2 - Is the Key inflation data 10/5 is the negative news required for the flush out?
3 - or will we just go to the moon and all be millionaires?
Key takeaway: Don't buy meme tokens if you're not willing to lose it all