The bears have been lashed so badly by the Market Genie and as a result, 41% of them have escaped and ran for cover ending up in the bull camp, now fully converted to king fish bulls. The thing is that where ever the king fish traders gather, the Alligator Market Genie follows. So, as expected, the Alligator has begun to tear the king fish bulls fleshes apart the same way the Alligator mutilated the fleshes of the king fish bears a couple moons ago.
The Alligator Market Genie pushed the market down from the low 1.2500s, 1.2520 to be exact, to the low to mid 1.2200s, such a drastic and severe drop hasn’t been seen in quite a while, such a drop have caused the exodus of bearish king fish traders to run for dear life ending up as bulls who are now beginning to feel the wrath of the Market Genie, which is evident in the market plunging from 1.2520 around 6am on the 2nd of February, 2018. The fact that there is such a mass exodus of bearish sellers, converting to bullish buyers that is telling us that there could be a drastic shift in the major trend. But, to be sure, we would have to wait and see if this is really the case.
In any case, BlockchainStar Girls and Star Boys should take precautionary measures to guard themselves against rapid market moves in any direction and what better way to do so, but by employing the famous Trailing Stop risk management tool.