Something like this?

The selling pressure here, however, is much greater than that at the $210 level - so this is giving me mixed feelings.

I hate the way this exchange trades - the chart is completely out of line with the other exchanges. I have made some really bad trades here that would have been great trades anywhere else.

I sold 15% of my btc last night so that I could sleep. I wake up and see bitstamp has risen $70 - so my trade is at a $70/btc loss. Meanwhile btce had risen $10, and at btce I would have had opportunities to even cover it at a profit.

I stopped feeling so bearish once I saw that the bid depths on most of the major exchanges had doubled their all time highs two days after the crash.

I can only work with the information I get on a day to day basis.

The daily chart looks gorgeous. It hit the short ema, and then the long ema, and then the short ema again, and now it looks like its making sum cup and handle up the trendline.

I heard there was a 96% drop in 2011 also, and those who bought anywhere near the high didnt see their money for two years. You cant deny that bitcoin is a high risk investment. Anything can happen So in a worst case scenario I want my funds to at least maintain the same order of magnitude, and I want enough funds to be able to take significant margin positions on a crapload on coins during volatility to make some of it back. This is what I mean by a hedge.

But I'm traumatized from that 80% drop in April. What should I do see a doctor?

I almost never make a loss in FIAT but this is a loss of coins. In bitfinex I'm "shorting" against my own coins so I get to see the amount of fiat value that the "trade" is losing versus if I had just held. However, my total account balance is increasing faster than the "loss". I should have just transferred to my exchange wallet and did a normal sell so it wouldn't be so painful.

I figured it would at least stay on and test that trend line for a while which itself even looks unrealistic. But instead, straight up!

Wtf is going on here. The chart looks unnatural like nothing ive ever seen even in bitcoin. When do I sell? I sold just 20% of my coins yesterday as a hedge and on bitfinex I can I have a loss of several grand. Its bugging me out.

What if its $70k that I made by trading/holding btc, after withdrawing well over my original investment. Is it still insane to keep it in and let it run? I need to know.

Bitcoin will keep going up as long as these massive fiat injections keep coming into the exchanges. The whales will wait until it stops to dump so they can take maximum profits.

Are there cyborgs that own 100k+ coins?

This might for 6 months be known as the "the chance you had to sell at the top of that bulltrap" but I can't bring myself to do it...

I'm getting that euphoric feeling again that I've been getting every night lately where I'm completely confident in the price, buy more and am ready to go to sleep right before it starts crashing and I should have sold.

What do you think? I think this is significantly different from april because there are many exchanges and all of them still have fiat still flowing in exponentially. So it might be more like 2012, or even be just a correction.

During a dead cat bounce to the amount of bids on all the major exchanges suddenly double in fiat value? Do 20k btc walls form above the low? Did this happen in April?

This month it seems to be this one way flow where the amount of bids increase every day exponentially. It is probably what the trendline is based off of.

So are you saying with all these bids, someone could still crash the market? During the last correction, it was over once we met with these solid bidwalls. What do you think theres some of those guys from the old gox days waiting to dump 100k btc loads all at once?

Did the walls look like this in april before crashing to 50?

I'm referring to the fiat number actually. Price halfing + fiat doubling = 4 times more support in btc.