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There will be a brief pause to this rally IMO. It's gone up too fast, and is in need of a breather. In fact, I believe BTC has already hit the interim high at 21250 and will now retrace back down to 19300-ish, as posted elsewhere for verification.

What you been drinking bro? That post was from the Thursday session, and we did chop. Just look at that chart. Abomination. :)

Oops, my bad. The target should be 19300, not 17300. It's now corrected.

Let's pretend that I just went short @ 20900 stop at 21300 target at 19300 We'll revisit this post later :)

Maybe we might get a double top formation. That should be where you should go short, not long. The upward momentum is over.

I just don't see it the way you do. Sorry. Just being honest.

Personally, I think you're too late to the party. As I said already, there's a greater chance of this thing pulling back. If I were you, I would either stay flat or go short. But I wish you had gotten my message earlier this week. Made the call just before it skyrocketed. :)...

Don't go long. It already reached the expected target of 21250. I think it will retrace back down to 19200-ish before shooting up again.

For algo, Sierra Chart tops the list IMO. Others are CPU hogs and pretty sluggish. However, Quantower looks promising even though I haven't tried it yet. Their minimalistic UI is pretty appealing.

On the monthly chart, the price passed above the previous resistance at 19666. The next target will be 28600. Monthly On the daily, BTS finally broke through the upper trendline with quite a momentum and I think this should provide some relief to the bulls. Daily

Disclaimer: This is purely an exercise in reading the price action of BTC on the chart. I'm not interested in the fundamental aspect of BTC. Also if you're more interested in arguing about the politics side of crypto, I suggest you visit Baron's Crypto Trading Journal instead.

Buy The Cash Close...Sell The Cash Open https://www.elitetrader.com/et/threads/buy-the-cash-close-sell-the-cash-open.351243/ It's already talked about. Sounds good in theory, but don't work.

Twitter crowds aren't actually that bad. It's those amateurs at r/wallstreetbets that I'm looking out for. :cool:

I ain't sure what you did since, but I have a feeling you bailed out long before 4030 came up over the horizon. Ya, pussy! :D

Hope this didn't bite too much into your bottomline. I got bit with this one as well. And the fact that they did this while I was asleep. Grrrr :mad:

This is the sole reason why smart money is making a ton of money while the small fish are constantly losing. They (ie. smart money) set up TRAPS far in advance while we small fries only see the fish dangling in front of us. Once enough fish is caught in the net, I'm sure they'll switch to...

All I'm saying is that Fib is too damn abstract. It might work or it might not work. It's 50/50. Why would you want to trade with something like that?

Out 15.50

While I got in short at 23.50. And look, it's dropping already. Just saying. :)

So are you telling me that I should have gone for 60 point stop (or no stop at all)? :wtf: I don't think so.