"Correlations" to relavent stocks is key in measuring overall market trends. Michael Saylors strategies on MSTR are very interesting.
What they do is buy puts, sell OTM call options all the way down to collect premium, and then sell the physical stock.
To reverse it, they buys calls, sell out of the money puts and then use the free-premium to pump the stock.
When people refer to "Dollar Cost Averaging," it refers to a strategy of dividing up orders into smaller amounts so you don't experience massive amounts of drawdown with a yolo-buy. The 3-min ICX-ETH pair is a good example. We've already seen what kind of volatility is possible with this pair.
That was good!
Back again with some "Correlation Coefficients"
As long as Bitcoin is valued in the dollar, it wil have a direct correlation somewhere. Our "Blue Bars" are both acting as support and resistance on different timeframes of the DXY & BTC
We have some experimental bar colors on ICX. "PURPLE". It usually mixes in with the blue, near the bottom, but it's supposed to identify extreme support or resistance. Most strategies pick up the stop loss on the way down and it just adds to the chaos so be careful. It's better to sell small amounts into resistance and regret taking more profits, than freaking out on the way down. It also depends on the exchange liquidity. Currently having that issue with market selling into nothing because the other players know the game too. Just set small little limit orders right below the depth chart bots. Kaboom goes the Poptriggers.
Never seen this before
There is the same support on the DXY
I should NFT these and sell them to the Federal Reserve
Alexander this just made me laugh out loud XD.
It's funny until you realize the direct correlation of the DXY going up causes the crypto market to crash. As if it wasn't obvious by the stupid pump and dumps going on, but I can't get any good action on HNT/BTC.
Doing a lot a bit of hyper tuning on 3333 Evergrande with some new % based reversals. The old boomer triggers are getting buffed or booted.
It's very interesting to see how the "Baseline" of our strategy sync'd up exactly with the legendary #PURPLEGANG
Good Morning Everyone. Maybe not... today's lesson is the VIX/VXX/UVXY volatility products that cause market crashes. They claim it's a mathematical calculation of blah blah blah with the S&P500. I refer to it as the Violence Index. Our Poptriggers would have warned you of this market collapse
Taking another look at the Evergrande($3333) crisis through a Technical lens. Lots of shorting going on, and lots of taking profits(purple arrows) each way. We have multiple over-laying algorithms that can create an almost infinite number of mathematical functions for "longs" and "shorts."
If it were any other crypto or stock, I would definitely set some limit orders down to $2.00. A push up to $2.60 is reasonable. Time will tell.
Another update on the US Dollar Index. This is the real reason everything is "dumping." The 94.20 price target has been there for months. Unless Trump magically becomes president, the dollar will collapse after it hits that level. This is all standard practice correlation coefficients.
For those that haven't seen "The Big Short," it is a must watch for understanding how FUBAR our financial system really is. With that being said, it is much less stressful to just Buy some dips and take profit on the way up. Shorting can lead to unlimited losses. Let's see how this plays out...
According to SEC filings, he has dollar cost averaged up to about $679/share. This is why it's always a good idea to trade small amounts and lock in profits. The markets can stay irrational longer than you can stay solvent.
Looks like I'm gonna need to buffer out that XES10