Trade Idea #22 - $BTCUSD - Blood in the Streets

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Entries as per chart

Target and stop pretty loose here. Watching to see what unfolds.
This is not even close to "blood in the streets." Not even close.
Alekznder MoonTrader
Agreed. Thought this would be a decent bounce level... then finex cascade. The real blood will be double digits.
As a matter of transparency see new chart picture. After posting the BTCUSD chart I figured I'd wait out the market and enter after work. I did however set buys at 235 to catch a knife. I come back to computer after work and shit's hitting the fan and I can't even log into BFX (downtime labeled with green box) to see if my orders were executed. When I was finally able to log in. I was in a panic obviously, so closed instantly to avoid huge losses. I was able to make up about 70% of the loss on a huge all-in margin LTC long (second set of arrows.) Sadly we retraced back to the intial buy point and could have avoided losses altogether, but it was better to be safe than sorry as that cascade was brutal. Cheers.

I didn't even enter the trade before shit went haywire. Then I couldn't even log into bitfinex. This setup obviously didn't work out though. Nice cascade. Wish I coulda logged in to short lol
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