The Potcoin Roller Coaster Ride Is Almost Over, Wow That Was Fun. Trading for Fun & Profit.
It's been 13 hours since I posted about a Potcoin pump and dump in progress: https://steemit.com/beyondbitcoin/@bluehorseshoe/mr-toad-s-wild-potcoin-ride-a-classic-pump-and-dump-you-want-to-avoid
Let's take a look to see if I was right, here is the 4 day chart as of 12pm 10/11/16 EST:
And the 24 hour as of now:
When volume starts rolling up on a crypto currency it breeds enthusiasm and draws in traders like flies to well you know. Once the pixie dust starts to wear off profits are taken driving the price down and leaving behind many bag holders. My advise is to never get caught up in the excitement and jump on a moving roller coaster.
After an event like this usually the coin's trading will remain far more active in both volume and price fluctuation than it was prior to the pump and dump for quite some time which will make it attractive to day trade after the dump is over. For now I wait and watch for new support levels to be tested 3 or 4 times before trading.