The magical hour of 6pm Sundays, Singapore Time (SGT) is amazing. For months now, it has been noted that the magical hours are when there are sudden and massive volatility in cryptocurrencies. It has been noted to be particularly on Sunday, and today at 6pm, or 5.50pm rather, the volatility spiked with cryptocurrencies suddenly coming to life in a rather massive sell off.
As shown in the screen captures below, Bitcoin BTCUSD and Ethereum ETHUSD sold off about -6% and -10% in just 10 minutes!
And 7 hours later at time of writing, BTCUSD is -8% and ETHUSD is -12%.
This is the reality and the volatility, caught on camera at the time of movement for your viewing and learning pleasure.
Can you stomach such volatility?
If you can see beyond the fear, then you would also realize that if it is able to have such short term volatility downside, it would also have a similar volatility upside, in a similar time frame too! What opportunities there are… truly amazing.
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