common question:
can I buy ENJ/USDT instead?
answer: nope, not recommended!
ENJ/BTC is a different pairing, where ENJ is AGAINST BTC
so,
if ENJ price increases, BTC stays the same = ENJ/BTC up
if ENJ price decreases, BTC stays the same = ENJ/BTC down
if ENJ price stays the same, BTC increases = ENJ/BTC down
if ENJ price stays the same, BTC decreases = ENJ/BTC up
here is where it gets complicated and how it actually is:
if ENJ price decreases, BTC decreases MORE then ENJ's decrease = ENJ/BTC up
if ENJ price increases, BTC increases MORE then ENJ's increase = ENJ/BTC down
so buying ENJ/USDT is different, because if ENJ tanks, you lose
but for ENJ/BTC, when ENJ tanks and BTC tanks MORE than ENJ, you gain for ENJ/BTC pairing
hope that helps!
can I buy ENJ/USDT instead?
answer: nope, not recommended!
ENJ/BTC is a different pairing, where ENJ is AGAINST BTC
so,
if ENJ price increases, BTC stays the same = ENJ/BTC up
if ENJ price decreases, BTC stays the same = ENJ/BTC down
if ENJ price stays the same, BTC increases = ENJ/BTC down
if ENJ price stays the same, BTC decreases = ENJ/BTC up
here is where it gets complicated and how it actually is:
if ENJ price decreases, BTC decreases MORE then ENJ's decrease = ENJ/BTC up
if ENJ price increases, BTC increases MORE then ENJ's increase = ENJ/BTC down
so buying ENJ/USDT is different, because if ENJ tanks, you lose
but for ENJ/BTC, when ENJ tanks and BTC tanks MORE than ENJ, you gain for ENJ/BTC pairing
hope that helps!
Forwarded from CM Huat Pals
btc update what to watch for
4h candle close below 48530, we'll see a change in trend and this will likely be the pull back
shorts will be my bias
4h candle close below 48530, we'll see a change in trend and this will likely be the pull back
shorts will be my bias
Forwarded from CM Huat Pals
bias on shorts, I'll be looking for nice entries to SHORT instead of longing
I'm expecting a relief rally first before we head down, probably tomorrow!
nothing to do now, enjoy the night :-)
I'm expecting a relief rally first before we head down, probably tomorrow!
nothing to do now, enjoy the night :-)
my advise - do nothing in futures
entering at current prices is NOT really a good entry
buying SPOT dips is fine !
entering at current prices is NOT really a good entry
buying SPOT dips is fine !
Forwarded from Rayan🥸
I’m 17 , so obviously being 17
My risk tolerance is minimal , however recently Peng has been making me feel tough , I
Personally feel like playing big margins on his trade from $5 to $50
My risk tolerance is minimal , however recently Peng has been making me feel tough , I
Personally feel like playing big margins on his trade from $5 to $50
CM Huat Pals
bias on shorts, I'll be looking for nice entries to SHORT instead of longing I'm expecting a relief rally first before we head down, probably tomorrow! nothing to do now, enjoy the night :-)
seems like the dump momentum is stronger than i thought, the rally came slightly short
in any case, down we go ✅
hope you managed to close your longs!
in any case, down we go ✅
hope you managed to close your longs!
Forwarded from Danny
i doubled my margin and made back the morning losses alr