The second day of jumps on bitcoin, altcoins bleeding as usual.
Binance BTC/USDT Chart
The jump was too big so we have now in 8200, but the situation is interesting.
Worth to note jump was after Iran threw missiles on USA and we have news of Iran trading premium on Bitcoin sine come days. True or not that its correlated, whales can play over it.
Top Altcoins Bleed
Biggest Losers on This
Why Altcoins Dump Initially on Big BTC Pump?
This is simple but nobody told you this. People sell altcoins ASAP for BTC, then the BTC for USD.
Later when this goes back down, they rebuy BTC with USD (yet keep USD profit) and rebuy alts.
Now they have same alts number (or more), same BTC number (or more) and some USD.
Where to trade Bitcoin/Altcoins on Pumps ?
For x50-x100 leverage trading you have BitMex or BaseFX that i was testing for last few weeks and can say - its good, get there.
And here are huge cryptocurrency pair exchanges:
- Binance - top1 exchange in the world with best volumes and promotions
- KuCoin - i would call it younger brother of Binance with many NEO and ETH pairs
- BiBox - amazing China exchange, similar to other two above with different coins
- BitMax - crazy overlooked by people china exchange with loads of good options
- BitForex - currently top volume exchange for USDT pairs, really overlooked
- Coinex - ETH BCH BTC EOS pairs
- COSS - many deals on ETH tokens for arbitrages
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