TheBeacon @TheBeaconTroops
A private educational group for crypto traders. Founded by @ByzGeneral & @HaloCrypto. Fill in the Google docs application to get on the waiting list. Joined February 2021-
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Remarkably low funding rates. Especially USDT funding rates are note worthy since you need to be at least long 1x to have exposure to the coin you're trading.
The Beacon only has one paid service which is the group. Don't fall prey to scammers. The group will continue operating as normal. Be careful out there, cheers.
Lots of liquidations and a huge amount of short interest just got wiped out. Predicted funding very negative. Relief bounce seems plausible. $BTC
Both funding & open interest suggest very bearish sentiment in the derivatives market. $BTC
Some serious spoofing action going on. $BTC
A new month is approaching, a new session will start. If you want to join our community, now is the time to sign up. Check the Google doc in bio. It's been a great run so far and we're glad that people feel like they're actually getting better at trading.
Having a hard time figuring out how to interpret funding & open interest data? Here are some cheat sheets that can help you. There are more moderately bull/bear situations possible but we only gave 2 examples.
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$BTC The last bullish scenario imo
@TheBeaconTroops @chilipiper234 Oh those pesky bears
@TheBeaconTroops @ByzGeneral @HaloCrypto Stoked for user submitted ta lol for real!!!
@TheBeaconTroops @ByzGeneral @HaloCrypto I love the @ByzGeneral for his content and also sense of humour and contribution. Keep up the great work.
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