the daily degen 🦍(18oct23)
handle.fi daily trooper update
todays markets
market news
😐S&P 500 closes little changed tuesday as treasury yields pop on hot retail sales data.
🧪vitalik buterin-linked biotech charity kanro transfers $15M to fund grant.
🦍apecoin community accelerator launches from animoca brands' forj.
💱roblox, an online game platform, integrates XRP as payment method.
💰uniswap DAO grants $46.2M to uniswap foundation, a non-profit dedicated to supporting uniswap DEX.
crypto fear and greed index
trooperTrading: reversion to the mean 📚
reversion to the mean is a fundamental principle in finance and trading. it suggests that over time, asset prices and historical returns tend to move back towards their long-term average or mean.
elaborating on this concept, when an asset experiences significant fluctuations, either skyrocketing above or plummeting below its historical average, it's often expected to revert back to this mean over time. this phenomenon can be attributed to various factors, such as market corrections, external economic events, or changes in investor sentiment. traders leveraging the "reversion to the mean" strategy typically look for opportunities where the asset's price deviates substantially from its historical average, anticipating that it will soon return to a more normalized level. it's essential for traders to use technical indicators and conduct thorough analysis to identify these opportunities and understand the underlying factors driving the asset's price.
around the X-verse… (formerly the twitterverse)
risk/ reward hmmm 🤔…
when will rug szn end 😭…
the ultimate chad 😎…
trade ideas
trade: long BTC/ USD
taking a broader perspective on the BTC chart reveals that it has predominantly traded within a defined range throughout the year.
last month, the price resiliently rebounded from the range's lower boundary near ~25k. despite initial challenges breaking the ~28k midpoint, it has now surpassed this resistance and appears to be maintaining its position. enhancing this positive trajectory is the establishment of a bullish pattern marked by successive higher highs and higher lows. given these factors, it may present an optimal moment to initiate a LONG position targeting the range's upper limit at ~31k.
#NFA #DYOR
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