“That escalated to the downside quickly, didn’t it!?”
As bad as the Thursday & Friday bloodbath in crypto was for BTC, it was worse in
coins like LTCUSD, and RIPPLE [XRPUSD] … as I said last week, no sector or
space is safe or immune from people liquidating profitable investments to cover
shit losses … it’s the way psychology works.
Nonetheless, I will remind people that at PRIMEXBT and/or CRYPTO ROCKET, the
former for BTC, an the later for everything else, the ease of hedging your CASH
POSITIONED crypto holdings has never been easier … low margins, high leverage,
and simply sell the trading position until you want to cover, and then add the
winnings to your BTC balance … you end up MOAR! BTC for the effort.
Granted, it’s not that easy, but appropriate hedging strategies involving your
crypto holdings can be devised & implemented for your specific reward / risk
profile, so that you aren’t one of the ones jumping off the roof when markets go
“Thelma & Louise” … I haven’t written or talked about it much cuz it’s really
outside the scope of normal trading, and I have no idea what your situation is
… all I’m saying is, think about it for next time BTC or some other coin goes way
up, and what metrics you would use, so that when it starts to go down you can
protect the profits you’ve built up while holding the position.
Directly below, the “STOCKS, CRYPTO, & CRUDE OIL VIX MATRIX TABLE” for
the current week, followed by the groupings and charts.
click on ANY table or chart to enlarge
CRYPTO
BTCUSD
ETHUSD
ETHBTC
XRPUSD
LTCUSD
EOSUSD
DASHUSD & BCHUSD
STOCKS
AAPL, AMZN, GOOGL, & TSLA
CRUDE OIL
WTI CRUDE OIL
Onto what appears to be another crazy week of trading action… until tomorrow
mi amigos … Onward & Upward!!
Have a great rest of your weekend everybody!
-vegas
No comments:
Post a Comment