It's a blood-bath out there folks!!! Everywhere you look cryptos are fighting for their collective confidence. Some "cryptos" are beat up, bruised and hanging on to life in an intensive care unit with no visitors around to hold their hand while they die alone.
I got absolutely crushed on NMR...I am in purgatory, and my funds tied up until the market turns around. The jury is still out on whether or not I will recover from the flash crash emotionally, mentally and also all the unknown trauma I have iccured. Can you relate? If not, you weren't really "IN" the market.
I definitely need some therapy and feel sick to my stomach about how much I will have lost if things don't turn around and recover from this monster pull-back. All the crypto-alt coins should be able to carry on their Primary trends they all set months ago before the big boom. Almost everything has dipped back to the previously developed Primary Trend highs by now. If you didn't know how many "cryptos" are pegged to Bitcoin and Ethereum, do a comparative overlay chart to chart and it will jump out at you. Every dip, wiggle, and waggle in BTC and ETH are reflected in the crypto space.
Furthermore, I'm am now, very aware that Bot trading is absolutely of the devil and controls the market!!! :) I've seen these high-velocity computer algorithmic trading Bots, easlily wall in a price, deny access into the market, and crush organic price movement prob 1,000 times in the last 2 days. Because most people are taking a break. It's very easy to spot computer trading, using icremental ranges on both sides of the Order Book.
All I can say is, "Damn". Live and learn some better tactics, strategy, and back-test your trading rules, because some of them really suck.
Chow. More to come soon!!