Market crashed last night and many longs were liquidated. If a major war escalate in middle east how this will effect overall cryto market , anyone can give his/her analysis on that situation?
Hi @salmanhamza, I am not a news trader but I would like to say that even if this specific news was hard to predict in advance, there will always be bad news that will plunge de market. Then bot strategies should be done according to the possibility that a bear market can happen at any moment. So either you profit from the bear by shorting or buying lower either you try to prepare next bull trend I would say 
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Good take on the market, Everyone is expecting a bull run in this quarter especially a past summer where alts were at rock bottom. What arguments are there if a major war is erupted then cryto market will keep going what’s everyone is expecting right now.
hey @salmanhamza I usually dont watch Market news because when the price of BTC drop always there is a news to justify why.
Is better have a Stop Loss and see if you are near a strong support o resitance.
Usually if BTC have a big fall the Alt will fall too.
hope this help
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Many strategies don’t have stop losses. Why i posted it to know other people opinions who have been keeping eye on btc since long time , they can explain with their experience if btc can adjust to sudden pullbacks like this. Because i am just overbearing very recent btc movements.
For me buying after the Ukraine war broke out was one of the best decisions, I got btc for cheap. In fact I have a bot that automatically buys on a big red candle. If you are in for the long term and have patience, buying on events like this is worthwhile. That’s not to say that I can’t go lower, if it does I will just buy more.
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Well if you think in the long term you dont have to worry about nothing. BTC can drop 50% in a week it happen. but you can have later a December pumping up.because BTC is relativity new exposed to the market forces but it will be growing. With the time it will move like the Gold but cheating for the lack of control in the Exchanges… IMO.