My thoughts on this weeks Crypto Market

I’m making this blog because I want to gather my thoughts about what happened during this weeks Crypto’s Market.

In all honesty there has not been much going on this week. I couldn’t find good entries most of the days and it was just ranging for hours doing nothing, no big moves or anything. Even PEPE was ranging for most of the time. There was a nice pump during the 23rd on BTC of about 2.6% followed by a big dump of 4.75% the next day that saw the price going to another new low of the month but that’s about it.

There weren’t many good opportunities for trading this week, hopefully the weekend is going to be better. Maybe there will be more trading on alt coins like PEPE.

I’ve definitely been overtrading this week and I got a bit greedy as I was used to the nice volatility and the fast trading pace of in and out trades that the huge price changes from PEPE allowed me to do. But this week I believe proved that this meme coin is truly getting to its end. There is no action, so I will have to look for some other coins to trade.

Also they removed COCOS from futures on Binance because of the rebranding of the coin to the COMBO name. I honestly don’t understand why they removed it from futures and not from spot as well and why have they not introduced COMBO coin on the futures is beyond me.

See also  Trading in April week #3

Maybe I should go back to the classic BTC & ETH. But as usual I will keep my eyes on other coins as well and I might start monitoring some other coins, but I need to be careful and not get confident with coins that I don’t understand.

Anyway I hope the markets are treating you well and good luck on your trading!

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2 thoughts on “My thoughts on this weeks Crypto Market

  1. I抦 not that much of a online reader to be honest but your sites really nice, keep it up! I’ll go ahead and bookmark your website to come back down the road. All the best

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