Bitcoin continues the dive. Will it come right up?

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
662 6 3
http://goo.gl/0845Ps Bitcoin             dives towards $450. That is a support level I would not go short though!

What about buying Bitcoin             for $450 a piece?

1. I'd set a stop loss at either $400 or $350.
2. I'd wait for a confirmation in shorter timeframes (4h or 1h charts) or not!
3. I'd use 4h or 1h charts to trade out. If my trade gained $100 or $200, I would exit at least half of it.

But say we go short at $480. Where would we put the stop loss order?

See, following the trend is nice, yet remember to have a plan before you trade!
houbi is chinese: http://bitcoinwisdom.com/markets/huobi/btccny
Always use the stock exchange with the highest trading. Bitstamp or Huobi.
JimMakos cezarone
Highest trading = volume? Bitstamp doesn't seem more active than MTGox in volume terms. Never heard of Huobi and cannot find it in TradingView's options.
Why are you using a mtgox chart? This exchange is DEAD.
Two reasons:

1. Whenever I click for a Bitcoin chart via TradingView's shortcuts, I get the MTGox chart.
2. Comparing the volume of the last 7 days between MTGox and Bitstamp at TradingView, I don't see why that exchange is considered dead, given the volume is almost the same if not bigger.
The exchange is illiquid. Bitcoin withdrawals have been frozen, and previously fiat withdrawals were frozen. The people trading there are stuck there. They are just trading because they have nothing else to do with the funds stuck there and want to try to play a game to increase their imaginary funds incase they can get them. People have left their bots turned on. Bitstamp is a liquid exchange which actually has functioning deposits and withdrawals and is the market leader. Huobi has 0 fees so it's difficult to analyze Huobi's volume.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out