kumarz
Long

31mar2015_shortTermLong, stil holding qtrly shorts

BITFINEX:BTCUSD   Bitcoin / Dollar
180 3 2
so whatever dafuq this is developing into (triangle? zigzag? chop? fks given=zero) I think after the 5 waves down we have to consolidate for a week atleast: have left my quarterly shorts open(reduced size tho) but been opening longs since 248(so currently those are losers): expecting a rise to 260 ideally, atleast 255s. I think that red line will hold for atleast a week: if it breaks we're going downtown and I'll close my longs.
Will start closing long after 255(if indeed we go up) and if we hit 300s, the downtrend is over(please god, save bitcoin!) and I'll start closing my quarterlies.
Also looking to move to 796 coz okcoin's new margining is getting too BTC heavy(capital intensive) for me: I don;t want to baghold BTC in a downtrend just to cover margin, but am happy to buy coinz to add to margin.
kumarz
2 years ago
quarterlies closed yest, this upward retracement might last a bit longer, so also cautiously adding to longs.
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kumarz
2 years ago
hmm, seeing how fast we rose, I'm not sure now whether we're really correcting upwards still or an uptend has begun: fingers crossed but I ain't putting money on it coz i've been burned countless times goin on hopium.
Anyhoo, I see a clear 5 waves up so am expecting a bit of consolidation(coz 255 was not violently rejected)
snapshot

closing longs and squaring into 50/50 btc/fiat. Will close longs if we crash below 245, and add to longs if we sail safely past 265.
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kumarz
2 years ago
yeah ok from here onwards I have no idea .. holding a small long coz of hopium, but this could be back to the downtrend, or an uptrend might have begun: really no idea: will post a new chart/count/idea when I have an idea, but considering this idea closed.
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