Post
Topic
Board Exchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
TheQuin
on 08/11/2017, 09:21:00 UTC
Your logic doesn't hold

It simply doesn't make sense to keep your money in your account without action, but you should know that as good as I do. If you expect the price to go down, you should short now instead of waiting or at least already have orders in place.

I don't expect the price to go down but I'll be ready to short it if it tells me it wants to go down. After watching the order flow just after 01:00 GMT today I'm now looking for a pullback to get long as I no longer hold out hope of getting any in the 6,000-6,500 range I was watching. You see it the other way and that's fine with me, I'm not here to persuade you to change your view, I'm just saying how I see it.
As for guessing what everyone else is doing, it's just that, guessing by what I see on the tape. That can change very quickly, people change their minds all the time.