Quote from: Tzupy on May 30, 2016, 09:39:40 AM

Quote from: notme on May 30, 2016, 02:25:12 AM

Quote from: Tzupy on May 29, 2016, 06:36:54 PM

Fuck... the Chinese start pumping again despite the bearish divergences... made me close my short... Angry

That was silly. China had no volume on that leg and neither did a lot of western exchanges. Bitfinex had decent volume though Wink

.

No, closing a small short from 541$ was the right decision, I'd do it again, it was a wash (I closed it as soon as I smelled a pump).
What was silly is that I couldn't switch fast enough from the bear state of mind to the bull one, so I missed the pump.

That 'pump', proved an out and out headfake on all exchanges except OkCoin Futures, and Finex.

Both of those exchanges are notorious for Stop Runs. Short Traders who essentially had the right idea, would have gotten wiped out on both.....that is all that the big shooting star candles were....Shorts being liquidated. you would have had to have been very, very good, to have played that pump long....I suspect most that piled in, either piled back out at a loss, and/or are sitting right now biting their nails, heavily underwater, praying on the market to come back to them.....which is one reason why we probably go down from here....

....another reason is that Bitcoin is getting listed on Nasdaq tomorrow. This is the News, and the pump would have been the rumour. Buy the rumour, sell the news.