Re: Analysis never ends

Are you still long because of the Bitstamp thing luc?

Does his post looks like he is long, lol.

He said he chose to go long a while ago because of the risk of using Bitstamp. I'm sure he would have traded otherwise. I was wondering if he is prepared to use another exchange because I'm in a similar position and don't really trust any of them. I'm pondering which one with decent liquidity is the least risky.

Quote from: Remember remember the 5th of November on January 13, 2015, 09:20:34 AM

Quote from: masterluc on January 13, 2015, 09:16:42 AM

Went out mostly long due to bitstamp incident

Isn't this the opposite of what people usually do?

Quote from: masterluc on January 13, 2015, 03:11:44 PM

I'd prefer to wait for current levels for long, but yes, risk with bitstamp was high.

Last I knew, he trades on BTC-e, but the spill-over effect from the BS hack is probably what he was waiting for.
He may have moved to BS, but Not afaik. Now, with the price well below the Weekly BB and the Weekly MACD hooking down, is not the time to be long. So I doubt he's long more than a small percentage.

Considering the price just shot up by $20 it was a good time to be long last night. How come it went up with the Weekly BB and the Weekly MACD hooking down?

Besides what seleme said, Weekly indicators take a lot of time to move. There will be many fluctuations until it moves back into bullish territory. I just know that luc trades more on the longer term (according to this thread anyway) rather than intraday swings, so this rise would not have even registered on the weekly indicators. Of course if he was a scalper, he would have seen the bull flag which has a target of around 240-250 and traded it, but that isn't his (public?) style.

So put that cork back in the bottle of Dom, because we are still below the spike off the bottom.