Empire Trading Crypto Bull Markets With Alex Kruger | 1000x
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Mar 14, 2024 Discussion on current crypto cycle with Bitcoin at all-time highs, ETF flows strong, and meme coins up. Topics include trading blow-off tops, Bitcoin ETF early stages, Solana & FTX estate, and euphoria levels in the market.
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Calling the Bottom
- Alex Kruger called the bottom of the 2022 bear market slightly early, in late May.
- Despite successfully trading the subsequent dump, it was a challenging experience due to being over-leveraged in ETH.
Identifying Market Bottoms
- Major market crashes often correlate with significant liquidations, like the Luna crash.
- However, relying solely on this metric can be misleading, as unforeseen events like the 3AC and FTX collapses can occur.
Red Flags in Bull Markets
- Be wary of strong hands exhibiting weak hand behavior, like excessive fundraising attempts or unusual trading patterns.
- This could indicate underlying issues or an impending market correction.