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RE: Technical Analysis for Crypto Sucks.

in #crypto8 years ago

My tradition is to hold, but the markets are getting more action, there are opportunities for making great gains intraday. I have been using whaletrade and poloniex for speculation purposes only by moving the coins in and out of a hardware wallet as needed. Only keep enough on an exchange to make your exchange. Then move it back to safe storage. You can protect yourself from a failure since I have been witness to 4 exchanges going belly up. The latest is btce who one day had my money and the next an FBI warning they were shut down.

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I totally agree with you about intraday. The longest I place my position would be about 8-10 hours hahaha That's why I coined the term "short position trader" which seasoned traders usually would scoff at me abusing the term hahaha

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