the daily degen 🦍(11oct23)
handle.fi daily trooper update
todays markets
market news
🤑dow adds more than 100 points to notch third positive day, as falling treasury yields lift stocks.
⬆️bitcoin dominance hits 3-month high as ‘hammered’ altcoins risk dive.
🥶israel authorities freeze hamas-linked crypto accounts on binance.
📜american supermarket chain trader joe’s grocery chain sues DEX of the same name.
⛓️binance braces as brazil urges crypto scam indictments of three binance executives.
crypto fear and greed index
trooperGlossary: spread 📚
in the trading world, the "spread" denotes the gap between the bid and ask prices of a financial asset, whether it's stocks, commodities, or cryptocurrencies. the bid price represents the maximum a buyer is prepared to pay, while the ask price indicates the minimum a seller is willing to accept. this difference in prices mirrors the dynamics of supply and demand in the market. assets with robust liquidity, like popular currency pairs or widely-traded stocks, usually have tighter spreads. on the flip side, assets with lower liquidity tend to exhibit wider spreads. for traders, especially in decentralized crypto exchanges, a keen awareness of the spread is vital as it directly impacts the cost of their trades and overall profitability.
around the X-verse… (formerly the twitterverse)
WE’RE SO BACK!! 🐂…
product market fit has been found 🚀…
a degen can only dream 🎲…
trade ideas
trade: short ETH/ BTC
over the past year, the ETH/BTC pairing has seen a noticeable decrease, having peaked at ~0.085.
what once stood as a dependable diagonal trendline support appears compromised. this shift suggests potential further declines. given the current trend, entering a SHORT position at ~0.0573 with a goal to reach the 2022 low point of ~0.049 is worth considering. as with any trading decision, thorough research and thoughtful risk assessment are crucial.
#NFA #DYOR
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