Post
Topic
Board Trading Discussion
Re: Election results and trading
by
nelson4lov
on 03/11/2020, 22:59:18 UTC
With US election is less than 24h away I belive we may see a bumpy ride in trading and asset-price swings. This will be an interesting test for bitcoin too. I may stop all my trading activity from tomorrow for a couple of days because it's getting too risky... What do you think?

As it turns out, The crypto market didn't drop too much but I don't know of other markets. Bitcoin looked bearish earlier but it quickly recovered. As for altcoins, Its been a bloodbath in the last couple of weeks already coming into the election week. Due to popular opinions about a possible election day market crash, I opened some short contracts on altcoins and it turned out to be a nice play (so far). However, the election isn't over until results are announced and confirmed so we might still have more volatility accompanied by either a spike or dump.