12/10/2018/08:30CET
Just a quick follow up on last nights post. The spread between USD and USDT as measured in BTC is still stable
At press time BTCUSDT trades at 6322usdt, while BTCUSD on bitfinex trades at 6319usd. A spread of 3usd.
here is the USDT chart on finance...
As you can see we have staged a little recovery after bottoming out at just over 6200.
Dip buyers are coming in now and rallying in the short term, and fears of a 6k retest are receding for now.
We are not out of the woods yet though guys. This is where the most difficult of trades is required - the stop loss. Where to put the levels is such a difficult call. Nobody wants to be caught holding the bag when it all falls of a cliff, but neither does anyone want to be shaken out of their positions by a flash crash only to discover they have not ridden the rally that follows.
No help from me on this one guys.
As always guys, leave comments, have fun and trade safe.