BTCUSD: Our story and analysis of situation. (13.03.2020)
Friends, hello everyone!
Nobody expected this cryptocurrency market price drop. Our fund, like many, were in long positions because we stubbornly awaited the completion of the correction near the level of 8000.
As a result, some of our positions were liquidated with a loss for fund.
This situation showed us the effectiveness of our security system against risk and asset management strategy, while many of our partners suffered maximum losses from operations in the cryptocurrency market.
At the moment, we continue to work as usual.
A bit about the price.
The global model has become controversial. In price dynamics, there is always an alternative scenario, for which you need to be prepared.
Today, our foundation is considering 2 scenarios for the development of the situation:
1) Optimistic scenario: the completion of the bullish trend in the large wedge model.
2) A pessimistic scenario implies an upward correction and price reduction further to around 2000 and below.
To work in such conditions, it is necessary to resort to local time scales and seek confirmation of the continued of a particular price behaviour model.
We wish you successful trading and compliance with the risk policy!
Nobody expected this cryptocurrency market price drop. Our fund, like many, were in long positions because we stubbornly awaited the completion of the correction near the level of 8000.
As a result, some of our positions were liquidated with a loss for fund.
This situation showed us the effectiveness of our security system against risk and asset management strategy, while many of our partners suffered maximum losses from operations in the cryptocurrency market.
At the moment, we continue to work as usual.
A bit about the price.
The global model has become controversial. In price dynamics, there is always an alternative scenario, for which you need to be prepared.
Today, our foundation is considering 2 scenarios for the development of the situation:
1) Optimistic scenario: the completion of the bullish trend in the large wedge model.
2) A pessimistic scenario implies an upward correction and price reduction further to around 2000 and below.
To work in such conditions, it is necessary to resort to local time scales and seek confirmation of the continued of a particular price behaviour model.
We wish you successful trading and compliance with the risk policy!
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