Are We About To Flash Crash!?
Are We About To Flash Crash!?
As I found myself euphoric over all the great profits I had going into the weekend, excitedly making excuses to go further into leverage and go long even more buying the dips, a shiver went down my spine... I've been here before, and the thought hits me, are we about to flash crash!?
Put together this little mock up for my own purposes, trying to imagine the best and the worst (as is the case for this post) for what could transpire.
I've reduced my margin long positions, allocated staged USDT on the sideline, and calculated 30-40% correction prices for all my favorite altcoins. With that, I've implemented staggered limit buy orders at extremely low prices clustered typically around fibs, for everything. I still am maintaining sizeable holdings, I just however am not going deep into longs and leverage. Sharing the words of caution.
Do I think we're bullish and I'm probably being overly cautious, yeah sure. But... What if this does play out? I sure wouldn't want to regret not taking precautions when I coulda woulda shoulda.
As I found myself euphoric over all the great profits I had going into the weekend, excitedly making excuses to go further into leverage and go long even more buying the dips, a shiver went down my spine... I've been here before, and the thought hits me, are we about to flash crash!?
Put together this little mock up for my own purposes, trying to imagine the best and the worst (as is the case for this post) for what could transpire.
I've reduced my margin long positions, allocated staged USDT on the sideline, and calculated 30-40% correction prices for all my favorite altcoins. With that, I've implemented staggered limit buy orders at extremely low prices clustered typically around fibs, for everything. I still am maintaining sizeable holdings, I just however am not going deep into longs and leverage. Sharing the words of caution.
Do I think we're bullish and I'm probably being overly cautious, yeah sure. But... What if this does play out? I sure wouldn't want to regret not taking precautions when I coulda woulda shoulda.
Note
It always does that little horn impulse up at the end, all slow like, to bull trap suck folks in.
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The good ole zig zag move
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