Why oh why do people come here to cry about their trading decisions? The market is impersonal and doesn't give a fuck about you and there's no conspiracy.
They did price analysis and used trading strategies to determine their entry and exit points.
It sucks when they were just a little bit too narrow and doesn't always work for bitcoin, hence the crying.
Precisely.
This was a scalp trade, targeting just a $10 move, off a point that *should* have been the top. Stops had to be tight, because r/r was tight. But anyone buying any amount of Bitcoin (for the 'right' reasons) post the time where I shorted, would have needed to have had their fucking head read. Very weak rise up to $406, with raging divergence confirming on 15 min charts. Spot also tagged 61.8% range Short RLZ.
However, it didn't work on this occassion,
because the whole BTC market actually moved against my 6 BTC Stop Order, which I find utterly astonishing. Or should I say, Bitfinex moved against my position, and other markets mimicked thier trading. Had I not placed my trade or my Stop Order rather, then the market would never have moved up one last gasp beyond the $406.15 high, when momentum was clearly retreating.
Like I say, no position too small for 'them' to come after.
I can only conclude that much of the volume on all exchanges is just fakery. 'Padding' to give traders the impression that they are playing against the market, other than the reality which is they are playing against the Bucket Shops, and the Bucket Shops has tricks up its sleave to ensure it is the favourite to win.
