RE: I messed up a great Bitcoin trade this morning!!! Grr..
Hey Luc, bummer about missing the size trade at 3k, i literally was staring at it ready to load up......went to take a shower hoping maybe it would drop into the 2's like we were all hoping, get out of the shower and dressed and boom back at 3200.....i was legit staring at the 3k price on btc with a decent amount of size (for my account at least lol) and didnt pull the trigger.
Anyway i did buy on the way down as you can see, but my question now is idk if i have my base is correct on BTC or BCC here, would you say 4100ish is a base? If so it hasnt been respected yet as you can see my sell is set for just under it, all the sells going up prior have been small, nibble sells if you will, trying to unload the majority at just under 4100 but im wondering whether that is really a base now. I know you were saying 3900 is the btc base but thats on bittrex im trading usd on kraken.
With BCC i had a base at 500, i missed calling the 468 area a base, wondering now whether i should just sell or if that "500 base" will be respected. Some people in slack have pointed out that both bases i drew have weakened
Would love your feedback on whether im in the safe zone or not.
I was looking at that 4100 area to on kraken and wondering if it was going to bounce back that high.. Here's the issue with Kraken, it trades USD instead of USDT and because it also trades USD/USDT pair, its BTC chart is often off from other exchanges by $100-$200 .. and other times when USD/USDT pair is almost par, then the price of BTC is closer to that of other exchanges.. So this actually throws off the chart.. So I don't know what to tell you, it might get back to 4100s much later than you hope.. like perhaps not on this bounce.. hard to know when there are other forces at play.
Yea its a tough call, I'm gonna ride it out for now, I have more wired to Kraken so i can play if it drops more and be patient, at some point it will have to respect that 4100.....
Both of those trades worked out today and the bases were respected! As you preach Luc the key is patience lol, all in all took like 3 days for them to work out so not too bad. Still beating myself up about not buying large when ETH (200), BTC (3000) and BCH (300) were at those lows. But as you said live to fight another day, still made some good profit so cheers to that!
How to you evaluate the JPMorgan manipulation?