stelakis

Bitcoin: Unreliable "security" forming double top

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BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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BTC is forming a double top , seems the optimism about legitimacy about the --coins is subsiding and after several very serious articles about ---coin as a result of the "legitimacy", the appetite is going down, and on top of that the forces of the big guys may start coming into play... Yesterday I was walking the corridors of a public institution and I heard people talking about BTC . Guess what: when cab drivers were talking "expertly" about the stock market a few years back, (or the housing situation) we were very close to the end of the "good times".. at any rate if the double top is materialized then this ---coin goes down... I dont know how you guys trade this thing, but my stops have no GTC (good till cancel), the platform I use (GDAX) is unreliable, different exchanges have different prices for the --coin, etc etc etc... its a wild wild west and in this market all of my charts are useless since ANYTHING can happen at any point in time (going up, is just one of them mind you). This extreme volatility is what make --coins very very very risky...Those of you that were lucky enough to get in very early and got out : Kudos... those of you that expect to double your money and take a second mortgage to do that.... what can I say.. If you still want in, my opinion is to set a stop-buy order above the double top level and wait... alternatively you can follow the prices down...and take your chances

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