Where's All the action ?

in #trading7 years ago

Time is money is a well known fact and is perfectly applicable in this currently "low" vloatility crypto-currency trading environment. Slow and small moves to either up or down side require a lot of patience, especially after a period of extreeme volatility. Ripple, Litecoin, and Bitcoin are slowly drifting to the downside, and painfully sqeezing the life out of all the people that got in higher and are waiting for new highs to get out. Etherium is more or less holding on to the gains, and looks like the only "safe haven" in the crypto world these days. Now obviously, no one has a crystal ball and can predict when another wave of greedy buyers will come around, but if and when it does; 20/20 heinghsight will kick in, and it will be painfully obvious that now was the time to get in. Judging strictly by crowd mentality, my guess would be is that we drift lower, just to rattle some more nervous "investors" and hit a few more "stop loss" leveles before we make a run up to the highs again, just to get the greedy back in, if for nothing else. I am guessing with the "smart" money coming into the newly available CME and the CBOE Bitcoin contracts, it is in everyones interest to see some action. Patience is key. Risk management and discipline prolong survivial. In the words of the famous Warren Buffet, market is the place where the money gets transferred from the impatient to the patient. So just make sure leverage interest is not so bad as to put you out of business in the next few hours, days, weeks, or even months and sit tight....

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