Bitcoin

BITMEX - the best indicator in extreme once again !

393
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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