Quote from: andreibi on December 21, 2016, 10:57:18 AM

Quote from: juanp11 on December 21, 2016, 10:40:53 AM

Quote from: Ullukapatha on December 21, 2016, 10:22:30 AM

And the dump begins....

If you are fudding, ignore my post below... if not here goes

This is how the big fish eat us little guys, until we learn that a 5-10 percent drop is not a big deal, if you are holding long term....

If you are day trading on a margin, it kicks you kester, every time if you buy in at the wrong moment.

I learned to figure out the trading range, resistance levels, and what the heck a bull and bear trap was, after I got burned, thinking every sell off was a dump, in the early days of crypto... The guys or ladies with the real money can short and long in one trading range since they have the capital move markets both ways... or can read the charts better than most of us....

A dump is usually massive more than 15 percent in my book and I look for bad news on a coin, if I do not see it, then, I wonder if a whale is getting out of a coin. I do not speculate on coins, Also, I only buy stuff that I think has value, meaning you will not see me buying Pixie coin even if it has a 1000 percent increase...

Real analysis... Strong support around 36 - 38k, resistance at 42k, first targets is 58 - 60k, optimistic targets is 88k (for buyers of 36 - 38k) and beyond. Critical date is Dec 28. Its not a dump. It's just consolidating into a pennant for the next jump up.

Wait and watch son!