BTC Update 11th Aug

in #bitcoin6 years ago

Update curtiousy of Edward Morra

Daily block i've talked about couple of days ago in play now. Ugly dump last night, glad I exited the longs, but also kinda dissapointed by myself I didn't flip into short. From another hand, shorting near the local bottom into daily support is not the greatest idea. Also, I rarely pay attention to shorts vs longs, but sometimes when one side gets too cocky and confident - market loves to teach them some manners. It is only because this year bear trend is so strong them shorts getting away with it so many times. Usually, a trader should never risk going short near any meaningful support. Now, here is the question, what is meaningful support for bitcoin in 2018? Sigh.

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Their are no rules with bitcoin. IT makes no sense , you only gain or loose . for now I think for the long team go long,long long

You have a minor misspelling in the following sentence:

Ugly dump last night, glad I exited the longs, but also kinda dissapointed by myself I didn't flip into short.
It should be disappointed instead of dissapointed.

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