|
I was stuck in an airport for the first top and I was terrified but by some miracle it went back up so btc could have it's first ever double top.
|
|
|
|
|
After the 2013 crash I had 4x as many coins with twice as much fiat value versus before the crash.
|
|
|
|
There's no selling strategy while a bull trend is still in force on the daily timeframe. During this time there is only a buying strategy in which leverage is used to buy on sharp drops on various timeframes and stops just below the entries.
So how did you handle the last bubble? At what point did you start selling? "Bubble", you mean in 2013? There were two giant red candles from $1250 to $800 (double top) and the 1D MACD crossed down and somehow I managed to miraculously sell moat of my coins at $950 and make lots of good volatility trades during the crash. |
|
|
|
|
There's no selling strategy while a bull trend is still in force on the daily timeframe. During this time there is only a buying strategy in which leverage is used to buy on sharp drops on various timeframes and stops just below the entries.
|
|
|
|
Ok serious question. Does anyone have an exit strategy here? I mean this is obviously another great Chinese commodity bubble. Remember rebar steel? Hell they just finished blowing up their stock market. This is serious.  I don't see a need for an exit strategy before ATH is broken. It's too risky to try to guess the top or risk that's it's actually an ATH rally and if it's not am ATH rally then the drop isn't going to go that low. Now if ATH gets broken and doubles then I can start thinking about a crash trading strategy |
|
|
|
 Because it felt like it |
|
|
|
|
It's such a shame. Bitstamp was a key player in the last few rallies with large volume and sort of legitimized them. Bitstamp is one of the few places where we knew the volume was 'real'. Bitfinex is leveraged and has low fees, and CNY pairs have zero fees.
|
|
|
|
|
So far this is nothing like an 2013 rally because it hasn't broken ATH. It's more like a 2012 or the ramp up before a 2013 rally. We will see, if passes ATH. Something about it doesn't feel like it's going to pass ATH though. There's just way too much hype and there isn't a new exchange with tons of huge fiat deposits coming in.
|
|
|
|
|
I was trying to analyze the trajectory myself. Just switch to weekly candles and logarithmic mode. The mtgox data is still available on BTC wisdom if you want to look at 2011
Remember there are intra rallies and ATH rallies and if it breaks ATH then it is longer and becomes superparabolic (parabolic on the log chart...)
|
|
|
|
 "Wall Observer" AlertSometimes Walls can be reverse indicators, no? Aren't we going up? Seems like it. If we can break through this $750 to $850 price territory, then it seems that the rest would be history, even if there happens to be quite a few coins on the books in the ask walls. >>>>>>waka waka waka>>>>waka waka waka>>>>>>>>> waka waka waka>>>>> This is WALL OBSERVER. We are here to make all observations based on walls. I'm sick of these CHARTS with TIME and other indicators. The only time a time axis should be allowed is on a 3 dimensional chart with walls. Where is ChartBuddy? |
|
|
|
|
The final correction/"crash" could go all the way to 500, unless ATH is broken.
|
|
|
|
|
*rises 70% in 3 weeks and is 2% away from the peak*
"Something is definitely holding the price down"
|
|
|
|
|
"Surge mitigation team"? Do you mean "traders" - all of you? Because that's what traders do is try to buy out highs and lows to make a profit which makes the highs less high and the lows less low so it evens out. As more professional traders enter the market and more robust trading tools including shorting, there is less volatility.
|
|
|
|
"Wall Observer" Alert
|
|
|
|
|
I don't think it would have broken today to begin with without FOMC.
|
|
|
|
|
USD/JPY just dropped 250 pips also
|
|
|
|
$720, $850, and $1000 are significant on the chart, and we may not have technically broken $720 until we close above it.
by close above it, what time frame are you talking? 1D? yes |
|
|
|
|
$720, $850, and $1000 are significant on the chart, and we may not have technically broken $720 until we close above it.
|
|
|
|
|
I wish there was a correction right now while Bitfinex still has 21.5K coins on the ask just so I can see it with 30K+ coins on the ask.
|
|
|
|
|
Show Posts
