I already have staggered shorts ready for the way down. Also buys for the way up.
The way I trade is take my total amount that I wish to trade and the average price and then stagger the buys or sells over a .10-.30 cents spacing.
I sometimes try to pick the bottom but in a thin ask/bid market like bitcoin and market makers that are always filling market orders to
THEIR liking, I prefer to use the "kiss" methodology
"keep it simple stupid"
I should be able to get some shorts filed going up and down.
But I would prefer a break of $547 on the upside and watch this jump.. Mybe now is not the time..
(in case in the rare occasion someone out there is listening that can move this market)
PS. On a side note, if I had enough bitcoins I would drop the market by placing consecutive market orders & limit orders on bitstamp and bitfinex and huobi. something like 50,000 bitcoin to $400 and then before that have 100,000 bitcoin buys staggered down to the last low .. Then market order back up..
Would shake this tree so hard and make a permanent bottom and allow for a PURE / NEW uptrend...
or KISS <--- just go up...
Hey but " what do i know right?"
.