Crypto Relationships Meme, The All Nighter and Bitcoin Market Update.
"Sorry Babe Gotta Protect Our Bitcoin."
Last night was the first time ever I pulled an all night trading session. After a crazy day on the sell side I could smell an opportunity. So I decided to stay up and watch the markets and protect my long position that I purchased. Selling as it went up and buying back on the inevitable dips in a market that was bearish. It was not easy but it looks like it will pay off nicely.
What happened in the markets yesterday is rare. For the non traders out there the best thing you can do is not look at your Crypto Currency stats for a few days. The traders on the other hand need to get in and get dirty.
My Trade for the Post China Bitcoin and Crypto Currency ICO News Apocalypse.
I do not believe we will continue to see Bitcoin and the Crypto Currency markets plummet today. Here are my reasons.
- Institutional traders in the US are back to work today. The market already had a huge move downwards. They will want profit and the easiest way to do that is to reverse the trend.
- The China news was blown way out of proportion. Bitcoin was just an innocent bystander.
- There is a ton of capital locked up in USDT that will be unleashed on the markets if the traders feel it is safe to come back in.
- The Bitcoin bullish trend is still intact.
- Bitcoin tested $5k the other night, now in the coming week we will likely break it across all exchanges.
The Possible Downside for Bitcoin.
I am not a perma-bull if you have noticed. I was short Bitcoin the other night when it was testing $5k. Markets don't go up forever and specific milestones are always a good time to short. The pullback and the news out of China were too much for the weak hands to handle and it caused a cascade effect. If for some unknown reason the markets lose $4000 today then all hell will break loose. Let's hope that does not happen.
Fingers crossed. The ICO news came like a huge blow for everyone.
The market looks green now after yesterday's massacre.
Yes this 2 days i've been doing some trading selling and buying too, i think the same maybe today or tomorrow markets has to take off
The China Ban On ICOs was the biggest reason for the maket to fall. Let us just hope the market will reverse its trend soon. I am focusing to buy more and more steem now.
all crypto was much cheaper yesterday, a good day for buying
i would like to day trade, but i learnt that the best thing to do for me is just hold.
I share your opinion @hilarski, the Chinese have certainly affected the market with their actions and the currencies of all currencies have subsided, but soon everything will become and the rate will go up :)
I think we are going to relive those weeks in July where panic and FUD consumed the markets. In the end the bulls will be released and bitcoin will reach new all time highs. Sometimes you have to pull all nighters when you have opportunities like this where you can profit from the fluctuations going up and down @hilarski haha
haha great post, hanks for share
Thanks for giving bitcoin information. BitCoin can go up in the future. I had also bitcoin kept money.
I have the some problem hahaha ....must I will recruit a guard to be able to sleep at night