Post
Topic
Board Speculation
Re: BTC made a move above $10k today due to this?
by
jackg
on 12/02/2020, 16:33:01 UTC
People waiting for dips aren't getting anywhere because the little dips are bought up so quick that all the moon boys can't do anything but see the price trend even higher. They need to buy and sit on their coins and not wait.

Yeah I'm looking for leveraged long opportunities so I wait on it, still holding the majority of my funds in different places in crypto.

My strategy on leveraging is to generally wait for a breakout, place a trade in that direction and eyeball it for a couple of hours to readjust stop losses appropriately. I get a notification of a breakout too as it happens so it seems to work.

@tp and figment: yeah but I wouldn't see it impossible for a $500 gain to be from an exchange being down. Like I mentioned before in a way there might be a possibility the bitmex average could be manipulated in favour of a certain trader. And, after reflection, what if someone saw the market was in maintenance, saw not much had happened for two hours (a decisive break) and thought they'd try to move some of the markets a bit in the time window they had... (I don't think it's completely unreasonable to use downtime as an excuse if you can see you can make a profit due to it).