Quote from: BittBurger on November 18, 2013, 11:00:19 PM

Quote from: Sage on November 18, 2013, 10:51:31 PM

You're asking the wrong question.

Watch for a momentum increase (as in now)...

Then place your stop-loss well below the trend line.

Let the market take you out when it breaks the trend line.

BTW I suspect China will surprise us all, pushing this market farther then anyone expects... but don't play that gamble. Now is the time to put stops in. But keep them well below the trend line. You don't want to get stopped out too soon.

Can you rewrite all of this in normal english, since most of us aren't stock market junkies?

Then when you finish that, reassure me that you're not trying to compare bitcoin to stocks again ... because you're wasting your time.

The rules don't apply.

Good lord... look at a Bitcoin chart. Show me anywhere on that chart that doesn't perfectly match the common stock or commodity cycles.

The only difference is the cycles are far shorter with crypto currencies.

We are in the distribution phase of this cycle. It cannot keep this momentum much longer without at least doing a 50% correction. Only question is just how high does China push it. I suspect we'll all be suprised.

...The rules most definitely apply!