Got my first Bitfinex order in. This is a simple exchange order...not trading on margin yet (Margin maintenance requirement is 15%). As you can see my order is sitting at the low for the pair (0.0026). Is there potential to take out his low?..yes of course. But keep in mind this is also a part of layering into a larger position. This is a must when averaging a larger position as nobody can nail the market bottom every time. There is a nice rounding bottom action with multiple points of support. I suspect we will start seeing some pops out of this range as price starts to take the turn. Stay tuned!
P.S. There is a hurricane coming at me and I'm buying EOS! Bullish!
Nice order :) Interface looks luch better than Kraken. I dont know why but I feel safer at Kraken
Thanks. Yeah I don't plan on keeping much in the account. But I am uneasy with any one of them really. But it's the price of business these days.
Indeed we should always remember exchanges are no
For me, I feel safer using Bitfinex! It is very nice platform
Hey Josh, just curious why you chose Bitfinex? I use Bittrex currently.
Looks like your order will be filled soon!
No real reason that stood out. Just know it's a big name. I checked out the currency pairs traded there and the volume. Also like the interface. But I did not look at Bittrex. I got a fill as I adjusted the order to 0.0027. Didn't want to miss the fill over trying to save some change.
Take care in the hurricane.
Will check out Bitfinex some more... been experimenting with trading crpytos - buying coins on breakouts from small ranges and selling on volatility spikes. But the interface on Bittrex is a bit of a hassle for that tbh
Thank you. Yeah. I'm liking the patterns on crypto. They are pretty clean. I would say give bitfinex a try maybe. I just deposited a little ETH and traded pretty seamlessly. It only took an email address. Their depth of market and order flow looks pretty good also
Also the bitfinex app is pretty clean. Testing it out now.
Thank you Josh! @oroblanco EOS is not traded on Bittrex is it?
You are very welcome!