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Morecoin Freeman
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January 27, 2015, 12:21:07 AM |
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A lot of people are trying to get out after the pump. So I think there will be a lot of resistance on the way up.
I'm staying in USD for now.
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billyjoeallen
Legendary
 Offline
Activity: 1106
Merit: 1007
Hide your women
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January 27, 2015, 12:23:54 AM |
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Aaaaand four hours of low volume melt-up wiped out.
4 hours? It was at $260 4 hours ago. This dip barely touched $270. Feeling bearish today? Yes, for today. Tomorrow is another story. Understandable. I think we all knew there would be a profit-taking/retracement/beartrap/correction today after last night's shenanigans. It's just a matter of how far. I'll stick with my call from last night (and reaffirmed this morning) and say that if we finish over $260 I'll consider the day to be a success. Did you trade that pump dude? Well yeah, I bought up to $245 and sold the whole way up from $260 and went margin short when the news from CB turned out to be a big yawn. I still have a bunch of incoming coins from CB and Circle from when I went over my "instant buy" limit, so I have some wiggle room in both directions. I guess I also have a bunch of incoming fiat from selling the pump, but I'm starting to wonder if I'll have enough time to buy the dip with that damn four business day wait. EDIT: I closed my short with a much smaller profit than if I had covered near $260. I don't wanna sleep in a leveraged position even though I still think it's going lower. I got too greedy I guess. |
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Morecoin Freeman
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January 27, 2015, 12:25:47 AM |
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EDIT: I closed my short with a much smaller profit than if I had covered near $260. I don't wanna sleep in a leveraged position even though I still think it's going lower. I got too greedy I guess.
As long as you made money you are doing good. Profit is profit.  |
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spooderman
Legendary
Offline
Activity: 1708
Merit: 1047
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January 27, 2015, 12:26:06 AM |
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I have come to the conclusion that a lot of people in here are not very good at guessing the future.
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coins101
Legendary
Offline
Activity: 1456
Merit: 1001
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January 27, 2015, 12:26:28 AM |
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A lot of people are trying to get out after the pump. So I think there will be a lot of resistance on the way up.
I'm staying in USD for now.
There will be a raft of good news coming out of the USA as the VC investments of 2013/4 start coming online. I doubt staying in USD is the best strategy when the price will be trending up. PayPal have pretty much laid down the path of travel. They will be enabling Bitcoin globally. Actually, everyone apart from Apple will be offering non-credit card competition via Bitcoin in the coming year or two. The direction of travel is mostly going to be north, with the odd attempt to short for short term profits. |
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JimboToronto
Legendary
Offline
Activity: 4494
Merit: 5813
You're never too old to think young.
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January 27, 2015, 12:26:42 AM |
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coins101
Legendary
Offline
Activity: 1456
Merit: 1001
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January 27, 2015, 12:28:28 AM |
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I have come to the conclusion that a lot of people in here are not very good at guessing the future.
OMG! I knew it spooderman is going to post something profound shortly.
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
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January 27, 2015, 12:29:29 AM |
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I have come to the conclusion that a lot of people in here are not very good at guessing the future.
OMG! I knew it spooderman is going to post something profound shortly.
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spooderman
Legendary
Offline
Activity: 1708
Merit: 1047
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January 27, 2015, 12:31:28 AM |
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Frightening!
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Fatman3001
Legendary
Offline
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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January 27, 2015, 12:32:30 AM |
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I have come to the conclusion that a lot of people in here are not very good at guessing the future.
No shit, Sherlock |
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Morecoin Freeman
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January 27, 2015, 12:33:01 AM |
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Was a bit confused, fucked up some little trades, but glad the pump came at last.
Prepare for moon (which we were promised)
Do we get to see the moon? I see something different. |
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thresher
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January 27, 2015, 12:35:21 AM |
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Bull trap right now. I want to believe but after today......... save our money and wait for the next real pump |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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January 27, 2015, 12:36:32 AM |
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I have come to the conclusion that a lot of people in here are not very good at guessing the future.
Everyone expecting to go down so instead we're going up now. I hope my decision to go long at 268 was the right move. |
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Morecoin Freeman
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January 27, 2015, 12:37:23 AM |
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Think we will see 250's next because China is also contributing now.
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dreamspark
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January 27, 2015, 12:37:42 AM |
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I have come to the conclusion that a lot of people in here are not very good at guessing the future.
Everyone expecting to go down so instead we're going up now. I hope my decision to go long at 268 was the right move. If its leveraged I'd close it. If its just buying with fiat then meh, probably wont loose much even if it retests the previous low. |
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Morecoin Freeman
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January 27, 2015, 12:38:13 AM |
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I have come to the conclusion that a lot of people in here are not very good at guessing the future.
Everyone expecting to go down so instead we're going up now. I hope my decision to go long at 268 was the right move. Do you have the chart upside down? lol  |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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January 27, 2015, 12:38:52 AM |
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It seems I don't have the nerve to sell and hope it drops. Do you keep to a trading strategy? or listen to your guts?
For now I'm trading the Four Punch Pattern. *** Of course it drops after I close my short. Oh well, a small profit is better than none. Still 90% fiat though. Got plenty of dry powder. |
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thresher
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January 27, 2015, 12:40:31 AM |
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Think we will see 250's next because China is also contributing now.
Not even 9am in china yet, just the beginning |
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dreamspark
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January 27, 2015, 12:40:56 AM |
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It seems I don't have the nerve to sell and hope it drops. Do you keep to a trading strategy? or listen to your guts?
For now I'm trading the Four Punch Pattern. *** Of course it drops after I close my short. Oh well, a small profit is better than none. Still 90% fiat though. Got plenty of dry powder. What, you mean you closed your short after convincing me to re-open some around $277  |
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thresher
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January 27, 2015, 12:42:01 AM |
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It seems I don't have the nerve to sell and hope it drops. Do you keep to a trading strategy? or listen to your guts?
For now I'm trading the Four Punch Pattern. *** Of course it drops after I close my short. Oh well, a small profit is better than none. Still 90% fiat though. Got plenty of dry powder. What, you mean you closed your short after convincing me to re-open some around $277 Your are in good shape then |
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