Wow, what a difference a day makes. On February 26, we're shooting for the moon. Shorts are covering and we hit $438. Then the next day around the same time, we're crashing south to $422 which is lower than were we originally started the previous day. White I thought BTC was over bought at $438, it still seems oversold at $426.
BTC still in hangover mode since last weekend's breakout. Short term downward bias, we're still higher than we were last Friday. Hoping to pick up some coins in the lower 400's for a short term gain. For now, I'm just on the sidelines waiting for a big move in either direction.
When I see a dip as dramatic as Linkedin, it raises an eyebrow. I like playing deadcat bounces and catching falling knives. I haven't investigated this but if there is a high short interest, I would suggest putting money into longing this for at least the 25% retrace.