the daily degen 🦍(25oct23)
handle.fi daily trooper update
todays markets
market news
😏dow closes 200 points higher to end 4-day losing streak, as strong earnings lift stocks.
🔊bitcoin ally tom emmer drops out of race for house speaker after trump attack.
✈️coinbase’s stock price soars as bitcoin trades above $34K.
💸MINA price more than doubles after listing on korean exchange upbit.
🏃🏼♀️institutions race for bitcoin, sending CME open interest to record high.
crypto fear and greed index
trooperGlossary: fear & greed index 📚
at the heart of every market lies a tug-of-war between emotions: fear and greed. the crypto fear and greed index taps into this sentiment, providing a daily reading that gauges the mood of cryptocurrency investors.
ranging from 0 (extreme fear) to 100 (extreme greed), this index compiles data from various sources, including volatility, volume, social media sentiment, and more. when the index is low, it often indicates that investors are overly fearful, which could be a sign that the market is undervalued and may present a buying opportunity. conversely, when the index is high, it suggests a strong sentiment of greed, implying the market might be overheated and due for a correction.
savvy traders often use this tool as a contrarian indicator, buying when others are fearful and selling when they are greedy. however, like all indicators, it's essential to use the fear and greed index in conjunction with other tools and research to make informed trading decisions.
around the X-verse… (formerly the twitterverse)
RUN! need more BTC 😃…
been locked and loaded for a while 🔫…
we’re still bulls right? RIGHT?? 😅…
trade ideas
trade: short USD/ JPY
having surged from approximately ~127 at the start of the year to its current position around ~150, the momentum now seems to have plateaued.
the ~150 mark has consistently acted as a robust resistance, with the price struggling to breach it with any significant force. historically, after prolonged periods of low volatility, a sharp price movement often ensues.
given that the price is lingering near this resistance level, a downward trajectory may be the more likely outcome. therefore, initiating a SHORT trade near the ~150 mark, targeting support around 145, could be an opportunistic move.
#NFA #DYOR
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