My purpose in writing is not to provide analysis for future positions, but simply as part of a capture management process of lessons learned from today's dramatic drop.
Some signs were technical, some general:
General:
It's Monday PM, Tuesdays seem to be pretty bloody for crypto. I look for evening (Eastern Standard Time) sells offs as Asia awakes.
Technical:
I've been using Litecoin and Ripple as early indicators the past two weeks. Ripple was an amazing indicator and telegraphed Bitcoins's movements with hours of warning.
Tapering of price action.
MACD - most important tool I used these past few hours. I like using MACD on the 15 minutes scale, but on the 45 minute (where I like to set my chart for monitoring) it correlated the same expression as Ripple - so it was a no-brain'er to sell as soon as the first Whale Calls indicator went off on Twitter.
Looking forward: please see my Bull/Bear conflict zones.
Some signs were technical, some general:
General:
It's Monday PM, Tuesdays seem to be pretty bloody for crypto. I look for evening (Eastern Standard Time) sells offs as Asia awakes.
Technical:
I've been using Litecoin and Ripple as early indicators the past two weeks. Ripple was an amazing indicator and telegraphed Bitcoins's movements with hours of warning.
Tapering of price action.
MACD - most important tool I used these past few hours. I like using MACD on the 15 minutes scale, but on the 45 minute (where I like to set my chart for monitoring) it correlated the same expression as Ripple - so it was a no-brain'er to sell as soon as the first Whale Calls indicator went off on Twitter.
Looking forward: please see my Bull/Bear conflict zones.