Hello everyone,
This will be a short post and the last post I make using Bitfinex as my data source. Firstly, it is clear that this pump is due to a serious sell-off in Tether and nothing more (probably). Although, this wick hit $7,700, it did not hold even $6,700 so it is a very weak move. This candle is not bullish. I understand it is large and green, but there is nothing to be taken seriously given the Tether factor.
I am not even trying to FUD here, in fact, my position is that I have been holding bitcoin for the past 20-ish days. Not only this, but I have said on multiple occasions that the bottom very well might be in and that we could have a rally. I just don't think this will be the cause of one. I will not be trading until I see that we are out of this no trade zone. Tether collapsing is not a reason to think all is back to normal.
I am out of the game for now and you should be too. At the very least, use a smaller fraction of your trading account. Use this time to think about improving your strategies.
-YoungShkreli
This will be a short post and the last post I make using Bitfinex as my data source. Firstly, it is clear that this pump is due to a serious sell-off in Tether and nothing more (probably). Although, this wick hit $7,700, it did not hold even $6,700 so it is a very weak move. This candle is not bullish. I understand it is large and green, but there is nothing to be taken seriously given the Tether factor.
I am not even trying to FUD here, in fact, my position is that I have been holding bitcoin for the past 20-ish days. Not only this, but I have said on multiple occasions that the bottom very well might be in and that we could have a rally. I just don't think this will be the cause of one. I will not be trading until I see that we are out of this no trade zone. Tether collapsing is not a reason to think all is back to normal.
I am out of the game for now and you should be too. At the very least, use a smaller fraction of your trading account. Use this time to think about improving your strategies.
-YoungShkreli
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.