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JesAnderson
Oct 27, 2017 6:20 PM

BTC Buy Opportunity Short

Bitcoin / U.S. dollarBitstamp

Description

After fork BTC price saw 6300 level but head and shoulders, RSI and MACD looks like price may be 4300-4400 again. It's good opportunity for buying.
Comments
wagZilla
I'm long on BTC. If it drops that low, more cheap coins! I'm not worried, are you?
JesAnderson
@wagZilla, I sold my all BTC in 2014 once. I won't this mistake again. I don't trust to fiat. Bitcoin is the real money for me anymore.
wagZilla
@apocryptica, I'm with you. Never sold it all but bought in back in 2015 when it was $200. Also, really nice graph! Thank you for sharing.
JesAnderson
@wagZilla, and you're right. these bearish opprtunity is meaning of more coins.
Benjamix
@wagZilla, there is a game where you try catch every bounce and remain liquid...
wagZilla
@Benjamix, I'm new to this. I used to just buy BTC and wait. Now I'm trying to read charts and stay active. What is this game?
JesAnderson
@wagZilla, HODLing is the key. I use btc/usd chart for just buying not selling. I trading just altcoins.
wagZilla
@apocryptica, This is very good advice! I appreciate you sharing with me.
JesAnderson
@wagZilla,the purpose of altcoin trading is increase btc for me ;) I don't care usd, euro or anything untrustable fiats like these. crypto is the future.
Benjamix
@wagZilla, its all well and good to be a holder, you are talking to one, but, like you I am interested in the fiat charts so I can increase my BTC and interact with well seasoned traders and benefit from their experience .. I think the usd market warrants our attention too because it is the missing element of alt trading.. All the cryptomarkets will eventually mature and if we are not up to speed with how these guys try to rob us they will have a head start.. Best way to learn I have found is make mistakes and at least the cryptos have low fee to investment and ease of access to trading as there isn't as much bullcrap with middle men or banks etc. So us beginners can start logging time in the arena playing with the big boys.. Hence the word "game". Some of these dudes are making trades on every bounce potentially maximising their profits at every turn. They are structured, they log their risks, they are disciplined.. I feel I lack this because I have been able to make huge gains in dollars/btc just trading alts but in an adhoc/messy fasion because the trend has been up up up and holding works.. But what happens when the playing field eventually matures and I havn't developed into a seasoned trader with an understanding of all the classical and latest tech trading methodologies.. It will be like a lamb to the slaughter I imagine.. Just an opinion..

Have fun and good luck !!
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