What on this chart looks like BTC is a short? Looks like strong price action breaking a bull flag for continuation. You thinking short solely on Bitcoin cash?
What on this chart looks like BTC is a short? Looks like strong price action breaking a bull flag for continuation. You thinking short solely on Bitcoin cash?
That chart was from yesterday my friend i just didnt want to be pictureless on this post. But yes im thinking of shorting btc the night before bcc releases just to see whats going on if we break bullish ill buy back in amd make some money on the way up but if we break bearish iem gonna stand buy and buy back in as low as i can get
Ok. Was just wondering your thoughts. It will be interesting to see if any dilution in BTC takes place. And the level of interest in BTC cash. How do you plan on shorting? As in what method/site? Thanks
Well theres gonna people selling their ico released tokens of bcc for "free money" and theres gonna be a few dumb enough to think its gonna go anywhere selling their bitcoin for bcc in hopes of a quick turn around . I think until things settle down there is gonna be alot of give and pull between the two tokens while they battle it out. So i am counting on a pretty big dilution of btc and then a surge as things start sorting out.
I dont want to give away exact numbers because i am managing someone elses account trading but i got about 3/4's of a bitcoin and i locked it in at the 2660 range so as long as the price holds around 2700 and even goes up a bit i hope before the first if i sell ill make a small profit while holding cash on the sidelines as btc falls and then ill buy back in with a huge gain in btc. Im hoping btc falls to its last resistance level of 1800 if it does ill gain about half a bitcoin as it climbs back up to 3000 ill have made a 1600 dollar gain.
I trade on gdax and its safe to say august first is gonna be nuts for them they have already announced they do not intend to support bcc
Awesome thanks for sharing