BTC - MUST READ - HOW TO AVOID SCAM WICKS AND SCAM PRICE ACTION?
Hello, everyone saw the scammy price actions of the 2nd of June.
A big wick to liquidate shorts thinking that 10,000 could not be broken. Few hours later a wick to the downside tricking longs thinking that once above 10,000 the price could have not gone lower again. This is not even buyer vs sellers, this is few whales and exchanges against all the 99.9% of us.
Personally I am not interested in participating to this price action as it is risky even with SL ( it can be skipped by abruptive price movement). Not interested at playing on their battlefield (e.g. usual exchanges with usual means -leveraged positions). I do it in mine, which is Options.
The price reached a stunning 8600 on a particular exchanche I can not mention (but you know it for sure) despite on other exchanges was at 9200 as lowest point (still scammy, but at least "acceptable", we know bitcoin. That movement on that exchange though, was a scam on a scam).
A movement like that means that even witha 10x leverage you are liquidated. ENTIRELY.
How I trade then? How to avoid all those scammy price actions? I personally trade OPTIONS. With Options you don't need a SL, you avoid EVERY SCAM WICK to liquidate you. (see my status)
Options knowledge is applicable to EVERY market in the world and are used by Big investors as they are the best way to trade with leverage but without the risk it entails on exchanges.
I will update soon on BTC and Mining cost as promised, also because tomorrow there will be a difficulty adjustment. Important update.
See ya
A big wick to liquidate shorts thinking that 10,000 could not be broken. Few hours later a wick to the downside tricking longs thinking that once above 10,000 the price could have not gone lower again. This is not even buyer vs sellers, this is few whales and exchanges against all the 99.9% of us.
Personally I am not interested in participating to this price action as it is risky even with SL ( it can be skipped by abruptive price movement). Not interested at playing on their battlefield (e.g. usual exchanges with usual means -leveraged positions). I do it in mine, which is Options.
The price reached a stunning 8600 on a particular exchanche I can not mention (but you know it for sure) despite on other exchanges was at 9200 as lowest point (still scammy, but at least "acceptable", we know bitcoin. That movement on that exchange though, was a scam on a scam).
A movement like that means that even witha 10x leverage you are liquidated. ENTIRELY.
How I trade then? How to avoid all those scammy price actions? I personally trade OPTIONS. With Options you don't need a SL, you avoid EVERY SCAM WICK to liquidate you. (see my status)
Options knowledge is applicable to EVERY market in the world and are used by Big investors as they are the best way to trade with leverage but without the risk it entails on exchanges.
I will update soon on BTC and Mining cost as promised, also because tomorrow there will be a difficulty adjustment. Important update.
See ya
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Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
