Cryptocurrency

[VirtualMonkey]

bought a three figured amount the other night

looking to short, I smell greed coming in... watch this.

At what level do you see the top of the curve? Just started a downturn now by the look of it

EDIT
Actually looks to be in a cup and handle formation if I zoom out slightly on the timescale

[scooterscot]

looking to short around the $600 mark - think that'll be the next resistance

[scooterscot]

EDIT
Actually looks to be in a cup and handle formation if I zoom out slightly on the timescale

agree

0.06820657 - 0.110 ?

Fasten your seat belts then. This could be $800-900 in the next few days.

[VirtualMonkey]

so about 0.070-0.075 based on where BTC is at the moment

[scooterscot]

Now there's over $1.2m trying to buy in. Looks like a cup - come on handle

[scooterscot]

Should people be wondering what we're talking about when referring to cup and handle.

Now you can short at the cup edge for some immediate gain before the breakout, but you need nerves of steel. Will consider. Agree the edge of the cup should be 0.07 mark then dip to 0.06 or less before break out.

[VirtualMonkey]

Should people be wondering what we're talking about when referring to cup and handle.

Now you can short at the cup edge for some immediate gain before the breakout, but you need nerves of steel. Will consider. Agree the edge of the cup should be 0.07 mark then dip to 0.06 or less before break out.

Seems to be lots of people waiting to sell up to about 0.069 so that ties in nicely

[VirtualMonkey]

Looks to be a big batch of orders waiting to buy at about 0.065..reckon it'll bounce then

[scooterscot]

Seems to be lots of people waiting to sell up to about 0.069 so that ties in nicely

It is true - however that's caught me out in the past. One can be forgiven that a sell wall = a price correction, however 9/10 times the opposite happens. Buyers meet the sellers in the middle, transfer the money bags, and the price keeps rising.

I might ride out the mini correction before handle, playing with a few grand okay go for it. Playing with a few hundred thousand makes me hands sweaty.

[VirtualMonkey]

I'm only playing with 1 coin so it's wait until it's at the top for me rather than try and catch the drop.
This trading stuff is rather good...spending more time doing this than working

EDIT:
When I say doing this...I actually mean staring at the non-moving charts which are set at 30 min intervals