[Daily Discussion] Thursday, February 27, 2020 Bitcoin Markets |
- [Daily Discussion] Thursday, February 27, 2020
- [Altcoin Discussion] Thursday, February 27, 2020
- Why the Corona Dip Will Reward Patient Traders
| [Daily Discussion] Thursday, February 27, 2020 Posted: 26 Feb 2020 08:04 PM PST Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
[link] [comments]  |
| [Altcoin Discussion] Thursday, February 27, 2020 Posted: 26 Feb 2020 08:04 PM PST Thread topics include, but are not limited to:
Thread guidelines:
If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too. Other ways to interact:
[link] [comments]  |
| Why the Corona Dip Will Reward Patient Traders Posted: 26 Feb 2020 12:51 PM PST Hold your butts, it's going to be a long one. I actually pulled my buy orders yesterday from the order book yesterday due to the selling pressure in equity markets resulting from Corona. Some people don't seem to think it's a genuine concern, though I do think buying into the current market is catching knives. The stock market has been inflated over the past year(s) and this may be the catalyst that starts a proper correction. With an incubation period of up to 27 days, current infected numbers may severely understate actual infections. How many people haven't you come into contact with over the past month? Even if the actual infections turn out on the low side, the current hysteria will severely impact productivity for many companies. (Examples of offices in SG and LDN already evacuated/quarantined.) Now I've been talking to our guys in the equity market and they are seeing a pretty big drain on order book liquidity as banks, investors, and trading groups are trying to price in the risk - this is hard as there are almost no examples of impact. It's common knowledge by know that supply lines for China are massively strained, and there will definitely be a roll-on effect in the economy in the near future. Now, aside from all the doom-and-gloom, I think this does provide an excellent opportunity for market entry for the patient. Initial fear selling is absorbed by aggressive dip buyers and algo's, if a rally doesn't manifest, we'll keep stepping down until market conditions and/or news will improve. However, if market conditions turn grim, the moment governments/institutions will step in to restore confidence in the market it will likely be in the shape or form of loosening monetary policy as a stimulus. This can already be seen in the bonus package for HK households. (HK of course also plagued with protests.) When this will happen and what shape this will take will be anyone's guess, but as the market is currently very jittery and risk appetite is extremely low, dip buying will probably not pay off. There is no real incentive to assume a rally will take place unless some good news will arise. Take care in the market, might be a rough ride in the coming month or two! [link] [comments]  |
| You are subscribed to email updates from Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment