myselfbtc
Short

01/06/2014 short the BTC if

BITSTAMP:BTCUSD   Bitcoin / Dollar
98 3 0
if in the next 6h-8h the price gets closer to 690-700 i look to short this looking for 610, 570 ,530 targets
That seems to be a lot of peoples' plan.
On pretty low volume it looks to be plougghing its way there...order book looking stronger and stronger.
What if it ploughs straight through 700?
Reply
J.Livermore PRO johnrfraser
globally speaking. Don't rely on orderbook; althought it's unuseful, it also reacts dynamicly and some of the orders are fake.
Reply
johnrfraser J.Livermore
true...and some of those orders might even be mine ;-)
One thing that's certain about fake orders though, is that they dont go through, they get cancelled...and when they get cancelled, dynamically, the order book changes shape :-)
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