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.

==//==


Do those around you a favor, if you found this blog/post useful, do leave a comment and share the link!


Join in the Telegram group https://t.me/DrWealthHacker


==//==

NOTICE
FUTURES AND OPTIONS TRADING CARRIES SIGNIFICANT RISK AND YOU CAN LOSE SOME, ALL OR EVEN MORE THAN YOUR INVESTMENT.
STOCK TRADING INVOLVES HIGH RISKS AND YOU CAN LOSE A SIGNIFICANT AMOUNT OF MONEY.
THE INFORMATION CONTAINED HERE IS PURELY FOR INFORMATION AND WAS GATHERED FROM SOURCES DEEMED RELIABLE, HOWEVER, NO CLAIM IS MADE AS TO ITS ACCURACY OR CONTENT. THIS DOES NOT CONTAIN SPECIFIC RECOMMENDATIONS TO BUY OR SELL AT PARTICULAR PRICES OR TIMES, NOR SHOULD ANY OF THE EXAMPLES PRESENTED BE DEEMED AS SUCH. THERE IS A RISK OF LOSS IN TRADING FUTURES AND FUTURES OPTIONS AND STOCKS AND STOCKS OPTIONS AND YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL POSITION BEFORE MAKING ANY TRADES. THE REFERENCE TO STATISTICAL PROBABILITIES DOES NOT PERTAIN TO PROFITABILITY, BUT RATHER TO THE DIRECTION OF THE MARKET. THE SIZE AND THE DURATION OF THE MARKETS MOVE, AS WELL AS ENTRY AND EXIT PRICES ULTIMATELY DETERMINES SUCCESS OR FAILURE IN A TRADE AND IS IN NO WAY REPRESENTED IN THESE STATISTICS. THIS IS NOT, NOR IS IT INTENDED TO BE, A COMPLETE STUDY OF CHART PATTERNS OR TECHNICAL ANALYSIS AND SHOULD NOT BE DEEMED AS SUCH.
CHARTS ARE FROM TRADINGVIEW
Advertisements