As many of you that are mentored by me personally know, I’m incredibly bearish in the short-term. We’ve been scalping easy longs, but finally triggered our “big short” on BTC. Here’s the trade so far:
Entry - $57366 , Liquidation - $59057
Trend Line Analysis that helped trigger the short:
As of now, my thesis remains unchanged. We sideways chop with more downside volatility until August. Invalidation of trade would be a strong hold and acceptance over $58.5k mark.
If you don’t follow me personally, you’re not too late to enter the trade, but realize you’ve missed a substantial move to the downside. Look for bulls to try to reclaim the $56k mark for a better entry, or put risk on the table now but on lower leverage.
As for DeFi moves, the fund is sitting beautifully conduct yield farming and liquidity provisioning across Typus (5x Sui Put Sell Vault - Moderate) and various Stablecoin Vaults / LPs.
This particular vault is paying out ~55%. Goal here is to aggressively swap Sui rewards back into USDC, and compound that back into the vault or other stablecoin LPs. The rewards you see here are from the last 8 hours or so.
One easy vault for stables on Beefy:
If you’re a new trader, as I’ve stated before, your goal here is to SURVIVE. Capital preservation and safe yield extraction is key here. You have no real business trading the range in one of the toughest parts of the bull market. Do so at your own peril, but don’t be upset when things move violently against you. The market giveth, and the market also taketh away.
If you have any questions, feel free to drop a comment below. Or, if you feel our analysis is wrong, I’d love to hear challenging ideology!
Thank you for this, haven't been disappointed yet with the results I've been getting following your analysis!