china wants to move up. the spread between western exchanges and mainland china is $25. $ and € are hesitant.

i wish it could go sideways for a week or so to calm everyone down.

some people think with the price above $1000 for the third time, that this time it will not come back. some think the price recovery after the 35% drop is just a bounce/bull trap and that it will crash a third time.

i did not expect that price would recover so fast after PBOC intervention and the epic meltdown of chinese volume. it also came back way to fast for the three year mother of all cup and handle formations.

so here we are: clueless as always..


i will not touch the cold storage. but there are some coins that i could sell in order to buy back more if there is a drop. i missed the opportunity on jan.5th because i thought we would go to approx. $1400 or 1500 before dropping hard. i would like not to miss it again.

my current idea is to put a stop loss order somewhere in the area we are right now. problem is that i would hate to put it to close to the actual price, because i don´t want to get burned by a drop that triggers my stop loss but then turns around and rally hard...

so where would you armchair experts suggest a sweet spot for a stop loss ?


edit: woah... fuck.. too late..