We are seeing a rush into BTC ETH and some ALT's as traditional markets fall under the weight of a major bank run as THE TOP start up TECH bank bleeds to death. This cuts off a major highway into and out of the crypto space. Not just in pure liquidity marching into or out of crypto but funding for not 100s but 1,000's of start up tech companies and projects effectively got cut off. "How are we going to make pay roll" is the discussion many of these projects faced this last week. This not only damages crypto credibility & stability as a whole or does it?
We saw a flood of liquidity rush into ETH and BTC as traditional markets fell under this pressure. Is BTC and ETH and by proxy ALT's becoming their own market? What i mean by this is as an eco system this space we call crypto is becoming mature enough to move under its own accord. Im not saying that we will no longer see correlation with traditional markets but more we need to look at every "situation" as its own thing. When that next "big News" comes out that has the potential to push markets we need to now ask ourselves NOT how will this bit of news effect the Markets but how will this effect Traditional Markets and How will this effect the crypto markets and how does this effect me and my unique situation and current positions?
Instead of looking at "The Markets" break it down into elements or the different parts of a giant transformer, cardiovascular system = Governments and the systems that allowed for us to invest trade swap whatever, Right hand and arm is traditional markets the right Leg the GOLDs etc in these markets. The left arm is the alternative markets or and crypto markets, the left leg is our GOLD or CRYPTO GOLD = BTC and maybe ETH the big toes, the little toes BSC ADA, ALGO/AVAX/SOL/DOT and all other relevant Blockchains that have a chance to eventually "stand on their own". Im getting lost in the transformer sauce here but you get the idea.
Just look at each market as its "own thing" and ask "how does this News etc effect X on its own. If you trade Crypto, ask how does X news etc effect the crypto market, then zoom in. Is there enough hype here to spill over from BTC and ETH into ALT's or is this more a "hedge" type situation? What are the likely short term and then longer term possibilities here or keep it simple and just copy and paste your favorite follow/trader and enjoy the ride. For me its TraderMayne... Whats your jimmy jam? and please dont say, "No One, i follow my self or some self fulfilling "twitter God" nonsense. We all Copy, We all Follow, THIS IS WHAT MOVES MARKETS... It's what you do after the intimal "hype follow" that matters. Did you take profits? did you buy more on the way up or down? what's the next move? how many OPEN positions on HOW MANY different exchanges/platforms do you hold? Where am i weakest in my trading? where and how can I improve? are the questions we should all be asking ourselves everyday. From the new-b to the twitter GODs these are the questions that matter and operantly now more then ever as we watch our baby crypto market get all grown up and sh1t. Enjoy the ride all life forms/HGM0Ut_
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