rLWBu
Short

Stamp shorting opportunity?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
108 5 0
Seems like a descending triangle , opened short at "support".
I only sold at $494 when I noticed in the 1-minute chart that the pump is failing. And then I made this chart (19 hours ago):




Updated with current prices

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Using Stamp makes sense because BFX can sometimes have erratic price patterns with all the margin calls. That's what I do, too. As for your chart, the time frame seems a bit too small to be reliable, but the sentiment overall is correct. The pump was weak. The bullish volume only lasted about an hour and only got us about $15 up, now the bearish volume is back and it seems like the market is still bearish.
+1 Reply
I missed the 479 support level in my chart, due to hasty analysis.
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Ugh, to clarify. I short using BFX. But I use Stamp chart for TA. Don't know if this is stupid or not, but it feels reliable.. Sorry for hasty post but stuff were beginning to hit the fan... :)
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I also look mainly at Stamp prices, because their prices are more reliable without the margin trading activity.
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