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Looking at the volume, it appears to be one of the tremors before the big quake. The recovery to $445 is on no volume at all. I pulled one of my re-buy orders until I find out what the hell is going on. How can there be that many limit buy orders with no market-order buying?
There appears to be much expectation for a major liquidity event in the downward direction. There is a minute chance that this is a head-fake by whales, but I seriously doubt it.
If you can't spot the sucker at the poker table, then you are the sucker. I'm folding my hand to conserve chips.
There appears to be much expectation for a major liquidity event in the downward direction. There is a minute chance that this is a head-fake by whales, but I seriously doubt it.
If you can't spot the sucker at the poker table, then you are the sucker. I'm folding my hand to conserve chips.
What's that mean, exactly?
I thought that you were all in Fiat at $456 or $458 or something like that.
So at this point, you could buy some BTC back at a profit, no? and then if we dip lower, buy some more... unless you are saying that you are just going to sit out this roller coaster (a kind of train) in fiat?
Personally, I would rather sit it out in BTC, but each of us have our own levels of diversification or hedge.
A 6$ profit after a $600 drop from the ATH? Yeah, I'll get right on that.
That's just it. Since most of my holdings are in cold storage, I'm using my trading stash as a hedge right now. I've seen bitcoin prices go stupid high and stupid low. They are low now, but they aren't stupid low, considering China AND Gox. I'm a Bitcoin true believer, but I think that works against me as a day trader. I'm trying to zero out my bias, but I may be overdoing it. I don't know what to do. I suspect that these buy walls are not there out of demand for cheap coins, but out of fear of a further drop. There is almost nothing on the other side of $400.
dont look at the wall, there's MASSIVE support under 400 its just not shown,
i have no bids under 400
but i will buy under 400 if we go there.
