First of all, I'd like to say I'm fairly new to the world of cryptocurrency. I have a good bit of experience doing short term trades with stocks and options but I'm just now dipping my toes into the pool of crypto currency. In the interest of being honest I'm an engineer and not a trader but I am fascinated by trading and technical analysis.
I've been putting a little bit of money into ethereum the past week (buys made in the highlighted area) or so for the purpose of transferring it to a Kraken account and buying other currencies as small investments when the exchange rates are favorable. Managed to pick up a bit on the dip this past Sunday. I'm liking my sub $200 buys from the past week and when I saw ethereum go from 140's to 240 in a couple of days I came to the realization that I should start day trading small amounts of the more liquid currencies
I'm interested in acquiring small positions in Ripple, Lumen, ethereum and a couple others and am planning to scale in to EOS a bit more heavily than some of the others in the coming months. I will also maintain some capital just for the purpose of short term trading. Hopefully I don't get slaughtered (that's why I'm keeping it small for now). I discovered Steemit recently as well (obviously) and am looking to find like-minded traders / investors to share thoughts and insights with.
If anyone else is using crypto currencies for short term trades (I'm sure there's lots of you out there) I'd love to hear your experiences, advice, or whatever feedback you have!
It'll be interesting to watch it consolidate further and see when it breaks out of this downward channel. Time for me to go to my real job now...Have a great day everyone!