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July 11, 2013, 03:33:36 PM

Yesterday taught me just *how* pathetic my attempts at reading the Bitcoin market are, and *how* irrelevant both TA & common sense are to this market.
Trying a new strategy today.  Got me some black candles burning on both sides of the monitor, crayons for drawing pentagrams & magikal symbolz, got The Lord's Prayer queued up to loop backwards in Pro Tools.  As soon as my cat learns to arch his back & hiss at the chart, i'll be set for a new day of trading Angry

Every few posts I mention that when doing TA with BTC anything is possible. Don't feel bad.
Had that huge buyer not come this rally would have been much shorter and not as high.

Really dangerous just using TA as their are some big pocketed guys here.

That said, they seem to use the entry/exit points we are following, but the violence of the moves are magnified.

I stayed out on this bounce up as I didn't want to chance a big seller dumping at 68 ish... (Bad call on my part)