Dacxi Blog

I was not surprised to see Bitcoin prices, and therefore all crypto, down 10% on May 10. It was the third Bull Trap played on the crypto markets in 18 months! A Bull Trap is when everyone says prices are about to rocket up, ie all the basic Bulls are positioned and ready to go. Then the market is ambushed by some big traders who smack the price down producing a major collapse in prices within a few hours. It happened on 15 November 2018. 25 September 2019 (ahead of the Bakkt launch). 10 May 2020 (ahead of Bitcoin halving). It happens between 00–04.00 UTC+1200. Early morning Asian time. The perfect time. European traders are asleep, America has stopped trading for the night and Asia is just waking up. It is the longest period of ‘quiet time’ with the minimum number of active traders. Crypto is dominated by Chinese trading whales. So imagine those big traders. On 100 times margin. Their $50 million investment can be leveraged into 100 times meaning they can smack the market with $5 billi

There are many types of people who are trying to enter the crypto world: gamblers, traders and investors. They’re all very different with different goals. It can be confusing to know the difference between these three, so you need to understand what they want out of the coins they buy and hold. The first step in taking your cryptocurrency journey to the next level is figuring out what type of crypto investor you are. Crypto-Trader : The crypto trader is a speculator, looking to make a short to medium-term profit. Their goal is not necessarily to hold onto their investment for any particular length of time, but instead simply to make as much money as possible. Sometimes this might mean going into and out of an investment within hours or days. They may often use technical analysis, relying on tools such as scanners and charts that tell them when a coin has “hit bottom” or is “oversold” so that they can quickly buy-in. Everybody and his dog talk about crypto trading and it’s no secret -