Quote from: BTCtrader71 on June 17, 2016, 01:10:45 AM

RyNinDaCleM, why in your signature do you place your medium term sentiment (bearish) rather than your short term (bullish, if I am not mistaken) or your long term (bullish)? Why not just place all 3?

It all started when we hit the 150's low, and I still hadn't seen a rise from the lows that resembled an impulsive move. It was just a messy range with no conviction in either direction. It was more of a point that no matter what happened in the near future, I believe the bear market has not completed. I didn't put all three, because I really thought it would have moved faster than it has and didn't feel the need to put all three. Now, a few members make such a stink about it, it became fun. I will always be long term Bullish, otherwise I would not have put so much time and effort into Bitcoin (and the accumulation of) in the last 5½ years, but I still do not think this is the great bull rally.

Quote from: meh32123 on June 17, 2016, 09:54:30 AM

Ryan, I am wondering, what should bitcoin do in order to invalidate the theory that we are in the larger B wave?

Considering a wave-B can make higher highs than the previous impulse high (1163 stamp), this B can make an ATH as a sort of troll move. So an ATH alone will not change my mind. There is a guide line that a move 138% of the wave-A is as big as a wave-B should ever be, and if exceeded, it probably isn't a B. Again, guide lines are not rules and can be broken to an extent while remaining valid. That will be the point that I really begin questioning my bearishness for the mid term.

No matter my bearishness, I am almost always adding to my cold holding. I have a specific custom indicator that tells me whether I take profits in Bitcoin or in fiat for my trades. The Bitcoin profits are periodically moved to cold storage while the fiat profits get left to trade another day. I rarely ever pull fiat out, and only if I need it for something (Bought a car in April 2014). I just maintain limits for my trading accounts.