Another valuable strategy that crypto investors can use to trade profitably
Last week, these crypto cats - Garu, Mochu and Meow explained how one can trade cryptocurrencies profitably by employing basic technical analysis techniques.
Howdy crypto people, we are dropping by to say hi to you devoted crypto readers
Now since they don’t feel inspired to continue the session further, I myself will talk about this new strategy that crypto investors can employ when engaging in crypto trading.
Cat Meow is busy outside and unavailable to be part of this crypto article, she too conveyed her hellos to you dear readers
Spotting Market Tops and Dips by looking at Perpetual swaps funding rates
According to eminent Technical Analyst, Alex Kruger, one can spot Market Tops and dips by checking out the perpetual swaps funding rates. When funding rates here are 0.1% and above every 8 hours, it means investors are over excited so the time for a deep correction would be coming soon .
At this time Alex, recommends investors to book partial profits and not buy more cryptos this time, as a market top may be in place.
Similarly, in the opposite scenario where perpetual swaps funding rates are low at 0.01% and below every 8 hours, it could signify a dip, which is a good time for investors to buy up cryptos that are low in price and available at a discount.
This strategy should be used in conjunction with fundamental trading analysis that my crypto cats have explained in an article that you can check out here.
This is how the perpetual swap funding rates work
Positive perpetual swap funding rates, show that investors are bullish, here long traders pay funding to short traders. Conversely, when perpetual swap funding rates are negative, investors feel bearish and here short traders pay funding to long traders.
Perpetual swap funding rate details can be checked in ViewBase website here - https://www.viewbase.com/funding
More indepth explanation on this strategy can be read at this article - https://cryptobriefing.com/crypto-trading-strategy-how-use-funding-rates-buy-dip/
Disclaimer -: None of my articles are investment advise as me and my crypto cats are not investment experts. We share our knowledge on crypto as we learn it through our research and understanding. So do your own research before investing.
Here is the thing...there is nothing wrong with your post but you can't have Project Hope set as a beneficiary. That is a malpractice and vote selling, which I personally dislike and many of us are trying to stop it for the benefit of the platform. I hope you understand, if you don't I recommend you read this post..
https://peakd.com/hive-175254/@acidyo/warning-please-don-t-encourage-the-self-voting-vote-selling-of-the-ph-fund-initiative
Your rewards will be removed on day 6, just before payout.
Many thanks!
Oh.. good post on TA. Please don't believe what the books says on TA all the time.
Remember, price is always right
Cheers!
Hi @aricon
I just like you to read my take on this . @Acidyo I have read in steem has been doing worst things as well, you supporting him just shows you are not truely understanding the truth that @project.hop is not fooling its beneficiary supportors and that @acidyo himself is know for milking rewards in Steem by not genuien ways. I have shared the article with you on discord and you are siding with the likes of them.
You certainly are making life difficult for people like me who are not doing or supporting anyway wrong, or immoral in HIVE by setting beneficiery to project.hope, what your doing is totally uncool and unfair, but that's the side your taken.
Goodday to you and yeah I saw you talked to IndiaUnited Community curator @Bhattg and convinced him to not curate any posts of project.hope, great, keep on it your goal to bring down a good community like @project.hope and spread wrong image on them, it's nothing to be proud about or happy about for sure since @project.hope as I mentioned is not a community getting rich out of the benificiery rewards, they are using it to help Venezuleans and others in need and reward authors back for it.
Anyway
If you think my actions on a chain that steals funds and is centralized reflect in any way my actions and reputation here you're beyond retarded.
Well @acidyo, I read the posts on Steem where you voted for one account where one picture and few words were mentioned. Milking rewards something...
THat is not cool, I don't respect those who vote bogus posts. I thought you support good content but not sure on that.
When you yourself milk rewards and make money using steem, why look on a community like @project.hope accusing them of abusing the beneficiery system when everyone explained to you what they do with those rewards.
Anyway... I only talked about this because contantly accusation on @project.hope is coming up when there are valid things on you too that show your milking rewards stratergy, voting on bogus posts for rewards, quite criminal in a way even if steem is a centralised chain with its leader Justin Sun similar to you in vision of making money through devious stratergies.
I don't see how you can qualify as a protector of HIVE that too by targeting a community like @project.hope that helps others not tears them apart like what your doing, and spreading ill word about them.
For those curious here are those posts showing @acidyo's way of milking rewards in steem
https://steemit.com/hive-185836/@xpilar/many-people-know-the-acidyo-ocd-community-and-the-ocd-manual-curation-before-the-split-came-with-the-hive-community#@mintymile/qs87hw
https://steemit.com/hive-185836/@xpilar/who-is-acydio-did-you-know-that-he-is-being-abused-on-our-beloved-platform#@mintymile/qs865p
Cause this isn't fucking Steem. They stole 40k SP from me and millions from others, do you think that's fair and that I should just try be a good curator on a centralized chain? Do whatever the fuck you want there but don't bring that shit over here. Look at their fucking trending which is filled with spun Wikipedia content of the korean war. What a fucking joke. Your thought process is also a ridiculous if you think that just cause of what I do there I shouldn't care about the real decentralized solution over here that actually has a future and help protect it.
I read your comments and the DM you send to me. I responded. Here I will respond again publicly.
Ignorance is not a problem but it becomes one when you start taking actions and form opinions based on ignorance.
The whole world of alternate universe based on conspiracy theories is based on that. If you have time, I like for you to read in steem hard fork, Justin Sun takeover, how the “community” fought back and created hive. There should be a book written on it.
Hive is my home. I will protect it at any cost. You need to find out from the community of project hope even regarding who I am and what I did in the past :)
Reach out to Juanmolina if you know him ;)
I certainly don't know about you @aricon or @acidyo until these distructive downvote episodes. But I know quite a bit about Hive, Justin Sun and Steem and have done a lot of posts when steem was hardforked, and I been a part of Hive community as well.
I don't believe your take on @project-hope or its founder, I know them since I joined steem and it is because of the support received from @project-hope I as a written got noticed and got confidence to write articles on complex things including crypto, else I will have no hope today.
I am not ignorant and I know I am supporting only a good community. You guys are set to distroy it, that's evident, so I leave it at that...
I also not happy with all this rude tone of messages by @acidyo , let it be, arrogance, I suggest to @acidyo to refraim from using such words again and again, that will be more civil, but its upto people how they communicate, just a suggestion.
Ma'am! You are free to have your opinion and I am free to have mine.
If you understood how DPOS and blockchain works, then you wouldn't have commented 'destructive downvote', because I protect the reward pool for smaller stake users like yourself, so that larger stake users do not get rewarded unfairly.
I urge you the read the original steem whitepaper and the hive whitepaper (which is tiny). That said, I have nothing but respect for you and if I have been disrespectful to anyone (who doesn't deserve it) please let me know and I will correct my action.
I knew Venezuela well, I have been there. I know Piotr well and I know what he does with Project Hope. There is no need for this discussion further. Since this is DPOS (delegated proof of stake) unfornaturely it is my action and my opinion that matter more than yours, and it is a scientific fact. With that, I must excuse myself, because I am a busy man, and this is not a job for me that pays. I am a volunteer here, and I will continue to do what I think is correct for hive. As hive is my home.
I responded to you out of respect, because normally I don't respond to every complain that comes directed at me from this blockchain. Have a good evening, Ma'am!
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