It seems like a great week for cryptos and at this current point of time of this writing, BTCs seems to be on its bull run.
Its great and all however what have you done to take advantage of markets like this ? Or in actual fact, what have you done ?
Normally to prep and maximize on BULL runs are to tame the BEAR markets and did you know over the past 8 – 12 weeks when BTC was just tanking vs the USD there was a very noticeable pattern in trade.
Its normally early of the week markets will dip and start to rise once more towards the weekend. As weeks goes by, the market starts to dip earlier and earlier.
I can’t really explain this as I’m no “trade” expert and will never ever claim to be one . These were the times where many traders were taking advantage of the predictable market trends to grow their BTCs.
One of the chat groups that I’m in pushed their USD100 to close to 10 folds just by riding the waves. The whole idea is not to focus on the $$$ but focus on increasing the volume of your BTCs. So we do lookout for trades vs altcoins as well since the yield can go crazy at times.
Trading is actually fun however there are no shortcuts … you gain on some days and you just need to tank on others. The idea is not to be greedy.
There are so many people currently trading bitcoins and the image above was shared awhile ago .. I’m not 100% sure if the data is still valid however that gives you an idea as to how many people are actually trading cryptos.
Back to the question !
What’s your move ? The price of BTCs are up …. what would you be doing to take advantage of this bull market. Indication states that its pushing for $7500 however i’m anticipating for a slightly higher target.
There are lots of questions in any traders head but most of it sums up to , is this bull run sustainable ?
I do use a tool which keeps me updated with all the happenings and news that goes around 24/7 . You should check it out and see if this app works for you. Here is my link if you are thinking of downloading it. Its one really handy app … https://bi.city/s/Vqtff2
For me, I’ve got my expected price to sell and then dump most of the profits into STEEM where the rest would be reinvested into my daily trades.
What about you ?
Have a great weekend everyone !