source avatarAstronomer

Share

$btc daily timeframe shorts We have been holding for 1.5 days now. Funding is paying us 0.01% every 8 hours on average, so that's 0.03% per day. If you went 1x leverage, that means your entry improves on average 0.03% per day, or let's say this trade takes 30 days to complete, then our entry will have gone from 86k -> 86.8k cost basis wise. Whilst every 30 days, high timeframe longs their average cost basis shifts up about 1% every 30 days. Not something often discussed. But high timeframe (macro) longing is less optimal than high timeframe shorting for that reason. I keep holding high timeframe shorts, and it makes it even more pleasurable to do so.

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.