Bitcoin (BTC) Are fast barts gone for good?
Updated
I made an awful trade last time, calling for a short of 3970. The big pump only showed signs a few hours prior, and I did not catch wind of it. Finex also recieved a deposit of 20 million USDT, so I should have placed a hedge right away, as the last few times they received a large 30-50 USDT deposit, price usually pumps ~10%.
Most my trades are scalping the fixed range, but I used a significant amount for this failed trade.
Currently most exchanges look bearish . I believe max upside should be around 1.9% up from here, so entering short should be a decent move.
Right now the fast barts are gone, since USDT movements are noticeably slower. Most moves should be slow enough for humans to catch now, even with overload. It seems instead of barts we are getting large fast pump & dumps instead.
Many people are considering the possibility of Bitcoin bottoming. I noticed the Tron bottom that took many months to finish, and it seems like Bitcoin is going through a similar phase. If you want to catch the bottom, consider dollar cost averaging your entry.
Thanks for viewing!
Most my trades are scalping the fixed range, but I used a significant amount for this failed trade.
Currently most exchanges look bearish . I believe max upside should be around 1.9% up from here, so entering short should be a decent move.
Right now the fast barts are gone, since USDT movements are noticeably slower. Most moves should be slow enough for humans to catch now, even with overload. It seems instead of barts we are getting large fast pump & dumps instead.
Many people are considering the possibility of Bitcoin bottoming. I noticed the Tron bottom that took many months to finish, and it seems like Bitcoin is going through a similar phase. If you want to catch the bottom, consider dollar cost averaging your entry.
Thanks for viewing!
Note
I didn't really post many ideas because there wasn't much to post about. We were in a period of consolidation. At most I could have posted one idea, which was to buy the previous dump, but I wasn't confident enough to do it after that random 20 million usdt deposit to finex.
Note
Dump occurred, I would hold short.I have entry at exactly 3900. I post some entries on twitter.
Note
Move is going my way, but i'm not going to close my short. You can if you wish to. I might be making a bad decision.
Trade closed: target reached
This trade is basically done. Over 2% but I'm going for 3780?.Trade closed: target reached
Fully closed at 3780. Entry 3900 exit 3780. I have other positions but this idea is done.
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