“Everything looks good out the front window … what can go wrong!?”
I guess today’s BTC trading has made up for yesterday’s lackluster session, and it
didn’t take long for SHTF once 10K got violated on the downside [less than a
minute] … and from there, round up the usual retail spec suspects with sell stops
to provide every bit of downside action of about $800 worth … of course, which
should be obvious by now but isn’t, don;t place your stops with everybody else
out there trading, cuz if you do when they get whacked, you get whacked right
along with ‘em.
What’s notable about today, is that when SHTF the bid/offer at COINEXX went
absolutely basket of retarded kittens on meth … the bid/offer spread balloons out
to $40 - $80+, and makes it untradeable … meanwhile at BaseFEX, the spread
hung in the $7 range, plus or minus a few cents … and it’s why I said before,
while COINEXX is great when conditions are normal, they aren’t so good when
SHTF, and it;s why you need some BTC at both places, so you’re not locked out
of the action when things get a little steamy.
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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