There is much more money to be made on the down side.
Bullshit.
If Bitcoin goes to Zero, for every BTC I sell short, I make a max return of $350, which I wont be able to extract from the exchanges anyhow, cos they will have all went tits up.
If Bitcoin however, goes back up to test it's ATH, then I will have trebled my money.
such support where you wouldn't expect it, 4 hours ago the "bitcoin is about the crash" alarm rang (<255), everyone seems to be selling but bitcoin hasn't crashed.
All the exchanges look to have exhausted selling pressure....except for Stamp, where there is still some mother fucker dumping BTC Kilobombs, probably the same mother fucker who has been pulling the market around like a crack whore all week, erecting massive walls, and dumping into them. Stamp 15 Minutes chart suggest more downside. No leveraged trading and no shorting on Stamp, which is one of the reasons it is a market leader. If I were a whale, I would manipulate the market on Stamp, and play around on the others to help nudge momentum my way.
on the plus side (if you're an over precipitous twitchy bagholder like me), a nice low
W forming on the 1hr RSI, on Stamp. A bit of buying pressure (exiting shorts perhaps), should sent Bitcoin right back up, hopefully for good this time.