altcoinbonanza
Long

Playing a quick run up outside of this consolidating triangle.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
62 2 1
I see more upside on a fast track here. If wrong I do have my stop set up. I do not see major sellers here right now, of course that could change so taking a little risk but with recent up swing in price I feel a little confident we can edge up just enough to play on a meter drop profit, short term.

Well, got stopped at $274.00 so as the Sharks would say "I'm Out".
Interested in your short. Quite a lot of room. Standard advice is tight shorts, but these risk getting taken out with flash moves without really serving their purpose to protect again adverse market moves. Also suspect the exchanges could and possibly do harvest stops accounting for some some of the flash oscillations we see. Any thoughts, advice?
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My stops don't always get triggered. Every now and then you'll have heavy movement in the opposite direction and this will close your play if stop too tight. In my case I hate to take a beating so I try to minimize by setting tight stops. Sometimes this works sometime it doesn't like in this case.
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