My TA for the evening:

During the rally I was using margin so 200% of it.

When I first entered bit coin I only used 10% of my savings, but it quickly grew to become 95%.

I just withdrew 4% of my btc money and it tripled my fiat savings back on earth.

Whenever someone says "when China wakes up", I think of something like this:

I actually follow mostly just China now. I've started turning Clark Moody off sometimes even.

So when does China wake up? Like do they all have the exaxt same schedule, wake up as a unit, take group showers, do martial arts katas, salute the emporer, ring a gong, and head off to work every morning?

Edit: broken trend right now.

Pretty weak trend right now.

Only in Bitcoin.

I might add an exception to this - If you're in some really powerful downtrend and you know the price is about to drop 10% or more, you can play dead cat bounces and drops strategically trade your way out of the loss. Only do this if you're able to divert your complete attention to the market for the duration of the trade. When you sell you better have a plan about how you're going to immediately buy back within minutes, and have stop-loss (buy back) rules.

Never chase the price while it's rising fast. Wait for the next dip and buy on the bounce on some trendline. Then you will have evidence that that higher prices are attainable and then the price you're buying at is supported, and after the quick bounce you will have immediate realized gains.

If you realize that the trend you bought on is becoming weak and breaking you can always sell. 90% of the time with this strategy you'll have a chance to sell at a profit even if the trend is failing.

On the other hand, if you panic buy during a rise you may find 10 seconds later you are already at a loss and cant get out.

This is exactly what I do. A hefty price to pay for making insane gains on my btc. I'll stop and just go long once I've collected 1000BTC.

Uh oh who can give me a train analogy of what is going on now? Where is that pic of the train on fire.

The train is burning all kinds of fuel and not going anywhere. How are you supposed to make any gains like this? Someone inform the conductor.

I think something is wrong with the train.

2 years I agree. But not Q1

Oh ya were just going to go zag straight back into the bull market from 550 to >1250 and set a new ath after the downtrend from 1250 to 550 on the down MACD with all trend lines broken. That is exactly how this works...

So should I buy now, at 20% below ATH? I might make a whole 5% on the trade, while risking 40%. That's if I can sell on time...

Seriously guys a 30,000% gain in one year isn't enough for you? It has to be 300,000%? You are being filthy greedy. Give it a rest. We are already dangerously above the exponential growth trend as it is with two major rallies within 7 months of each other!

If you recall, there was such a retrace during the rally. It fell from 900 to 450 on gox and reached levels as low as 380 on other exchanges, before seeing a rapid recovery back to 900 and a breakout.

A crash is when it doesn't recover for months and leads to a bear market. Otherwise its a correction.

I'm thinking of some exponential curve tracng into that trendline from October to act as a floor during capitulations for the coming months until it leads to another breakout.

Now only in bitcoin would people consider this bearish sentiment, lol.