@DonkeyInvestor because my stops were hit yesterday sorry😱 - as I said the levels here are actually attractive : 82K , 78, 72k but I'm waiting for bull momentum again first

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LoneMelone@TradingMelone

6Mo

@DonkeyInvestor seems like USDJPY is slowly finding a bottom - as soon as that happens we will see the next leg up for bitcoin

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Eselai@DonkeyInvestor

6Mo

@TradingMelone At carnival I only knew the leg ups from the dancing mariechen 😍. After carnival, that would also be nice for Bitcoin. Even if I have no idea what that has to do with the USDJPY rate 😅

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LoneMelone@TradingMelone

6Mo

@DonkeyInvestor US carry trade - the stronger the dollar against the yen, the more money US investors borrow to invest in bonds and / or risk assets. When the U.J. falls, many unwind their trade and therefore this correlates very strongly with risk assets.

So bottom for USDJPY = risk assets up😄

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Eselai@DonkeyInvestor

6Mo

@TradingMelone crazy. Now I know why I don't do this stuff and prefer to leave it to you 😅. And how is the bottom forming?

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LoneMelone@TradingMelone

6Mo

@DonkeyInvestor JPY has not yet reached my zone. But is close to it. Difficult spot for Bitcoin right now. Spot buying is going up strongly. But structure is still bearish. I am personally building up longs with relatively tight SLs. But I also have a bigger short of 92k which is virtually hedging me. Difficult at the moment. I have a few orders at 83.5k - plus 73 and 64k that don't need to be picked up. New inflation data next week and JPY interest rate decision the following week.

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Eselai@DonkeyInvestor

6Mo

@TradingMelone keep me up to date

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