Thanks for the reverse indicator.
How is that $800 net cost per BTC 'investment' doing Ibian?
Hey man, u may even get out with just a 5%-10% loss if you sell at the very peak of the ramp up to $700s!
TA only works to predict what will happen when you average the inputs of a massive amount of market participants. The big rises and big dumps are always done by a small amount of participants. There is no chart on earth that would have predicted the initial rise from $310ish. People choose to manipulate the market in times like this to force shorters to pump the market for them. If you load up a bunch of shorts right now, the same thing will probably happen again.
I am not shorting, yet.
A) Shite trade entry position atm.
B) I leverage trade on Kraken, and the Euro is going apeshit at the moment resulting in similar volatility in BTC/EUR. Not touching any EUR related trade at the moment with a fucking bargepole...just had a face rip that makes crypto look stable, likely to go much higher yet...but it is what may happen in between that concerns me.
What I am not doing, is holding any Bitcoin.
Taking my troll hat off for a moment, I am 80% sure on this move...whether I catch a good short trade on it or not, remains to be seen....what I won't be caught doing is caught holding BTC...I will be buying back lower down.
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