so, I knew that LSD wouldnt dump when the markets opened. I sat back and watched prices shoot up from 20K to 60K without getting involved (due to the actual volume being so low).
I had picked up on this one I think via someones twitter so I checked it out on c-cex and it started out somewhere around 8k-10k and shot way up. So last night when it was added to Bittrex, it was over 30k already. Given it was new with no defined market, I let it slide as I felt it was waaaay over priced and all those that had bought in the opening range would dump like crazy at 4x-5x profit. So I had setup an alert on a low price and when it went off, I watched it get dumped way down to 10k or so just an hour or two ago. You got lucky on that one. lol
Nice trade here. I dont know what exactly is driving this market. But, it does look quite good. In fact I still have an open position in LTCD as sell resistance is quite thin.
Ok, So I was watching that one for hours yesterday and maybe you can shed some light on what I was watching. It made it up to about 1800 and after that there seemed to be orchestrated dumping going on. Some buy walls would go up, let the price rise and then they would come down and it would get dumped. Rinse and repeat. At one point it was down to around 884. This made me extremely skittish even though it seemed to sort of stabilize around 1100-1200 with builds to 1300-1400 and then dumps back down. So today I get up and see I could have doubled my money. What the heck was I watching and were there some signals I missed seeing?