Buy/Sell/HODL Alert and Market Update - December 1, 2022
No signs of a short squeeze
I heard somebody say yesterday’s little mini-pump came from a short squeeze, where traders have to buy bitcoin to cover their losing bets.
I see no evidence of this. Sometimes, the price just goes up—no need to read anything more into it.
If you still have crypto on an exchange or any place that’s not your private, self-hosted personal wallet, you still might want to transfer it into your control. I know it seems calm now, you might think the trouble’s over, but you just don’t know when the next shoe might fall.
DAN Teaches Crypto has some good tutorials in its “Safety” and “How Do I” modules.
You can always schedule a time to consult with me on Superpeer.
Scroll down for the alert and update, covering the following topics:
Choose your on-chain metrics wisely
Order books are so lopsided
My latest altcoin buy
Altcoins ranked #75-80
If it’s too long, catch the summary below.
Also make sure you caught my previous recent update so you understand some of the references in today’s update.
To speed up the video (shorten the playing time), tap the circled gear button at the bottom-right corner of the video: