Closed my long at breakeven just before it broke down a bit.
I'd get back in right about now. The price bottomed out already.
Best of luck. (BITCOIN PRICE INDEX $281.12)
I'm not going back long yet, I'm waiting for the pattern to complete or else see what the market does the coming days.
By this I mean with margin trading by the way, I held my coins through $160 crash.
I'm on 20x so I try to get an entry as good as possible, this also greatly reduced the chance of being margin called.
I don't know if I asked you this before or not hodl, what is your medium and long term sentiment ?
I think you've asked it before but I'm bullish
Edit: I also stumbled upon "moon phases" in trading, at first I thought it was a joke but it really seems to influence things in markets.
The Royal Bank of Schotland did a study with some impressive results, for example:
The similar behaviour is observed in other markets. Figure 2 presents the studyof S&P 500 index versus moon phases for the period since 1928 till 2010. Having invested £1,000 in S&P in 1928, by now would outcome in holding £63,864 worth portfolio, while by implementing the proposed moon trading strategy, the value of portfolio would have been £1,502,689.
Full study:
http://www.scribd.com/doc/38095213/RBS-Equity-Special-2010-07-07It seems to have an (pretty big) impact on BTC it seems, a new moon or a full moon seems to signal a (short-term) reversal, it's pretty accurate within 1-2 days for the last 6-7 months: