I was day trading $DGB and all my sells came in and I missed the 20 sat rise. Then, I was looking at LTC this morning and saying... looks like a breakout pattern. Didn't buy any... and boom! Ah, no big deal. Got all I need. Just reflecting on missed moves. How's the market action going on your end EW?
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I am not trading cryptos at the moment. After volmageddon, the DOW is presenting better opportunities in my opinion.
That may be but I don't have the capital to qualify as a day trader as of yet. What's volmageddon?
The VIX imploded a few days ago bringing all equities down hard. Some huge hedgefunds lost billions and some are insolvent now... That is why there is some extreme short betting going on like we have not seen in a few years...
Thanks for explaining. The question I think we're all thinking is: Will a bearish stock market equate to a bearish crypto field as well.
No^^. The money that cant be invested into stocks must flow somewhere. It cant just be parked on some bank account because that is too expensive. It will go into bonds and cryptos.
Hope ur right...
Huge sell-off in the dow. Do you mean you are not day trading cryptos and just holding? I assume so should outperform equities in a bullish environment.
Unless you feel there will be a major top in the Dow and Equities and could kill cryptos as well.
Look forward to your updates on when you feel the major top in the Dow is ?