Forget ETFs; instead, every #Bitcoin trader should follow this data point
๐1-11) After being massively bullish since January 25, we turned cautious precisely a month ago (March 8) as the forward returns appeared unpredictable based on the market's technical setup. Trading (crypto) is about risk-reward and knowing when to bet big and when to bet small, and the last thirty days were indeed a period when to bet small. But this will change soon.
๐2-11) Our trading signals have expressed a similar message. After generating double-digit returns between January and early March, the last three weeks have seen some single-digit losses, with the jury still out on how those trades will finish when their projected trade horizon for those positions ends. Instead of being 100% long or short, the model is only 38% net long. Positioning is light, but this will change soon, too.
๐3-11) -> https://mail.10xresearch.co/p/forget-etfs-instead-every-bitcoin-trader-follow-data-point
#ENA #BTC๐ฅ๐ฅ๐ฅ๐ฅ #BTC