billyjoeallen
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billyjoeallen
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January 27, 2015, 02:23:54 AM

Aaaaand four hours of low volume melt-up wiped out.

4 hours? It was at $260 4 hours ago.

This dip barely touched $270.

Feeling bearish today?

Yes, for today. Tomorrow is another story.

Understandable.

I think we all knew there would be a profit-taking/retracement/beartrap/correction today after last night's shenanigans.

It's just a matter of how far. I'll stick with my call from last night (and reaffirmed this morning) and say that if we finish over $260 I'll consider the day to be a success.

Did you trade that pump dude?

Well yeah, I bought up to $245 and sold the whole way up from $260 and went margin short when the news from CB turned out to be a big yawn. I still have a bunch of incoming coins from CB and Circle from when I went over my "instant buy" limit, so I have some wiggle room in both directions.

I guess I also have a bunch of incoming fiat from selling the pump, but I'm starting to wonder if I'll have enough time to buy the dip with that damn four business day wait.

EDIT: I closed my short with a much smaller profit than if I had covered near $260. I don't wanna sleep in a leveraged position even though I still think it's going lower. I got too greedy I guess.