Quote from: Predict0r on July 08, 2018, 11:56:49 PM

Quote

Even a mid-term bull trap could allow people to exit at 2x this price while you're waiting for sub-$1K prices. I prefer to wait for significant trading ranges to break, then ride the trend.

Yup. Even dumb ol' me knows that selling high is better. But you give no reason to suppose there will be any such major increase.

I guess you missed the point about trading range.

You're telling people to short directly after a tweezer bottom on the 1-week chart, near the bottom of a long term range! I don't need reasoning to assume price can break upward from a range (even though you claim it can only break down). I'm also not dumb enough to short horizontal support before it's actually failed.

Your entire approach is that of someone who is constantly getting their shorts squeezed, and what's even worse is that you're going on about "manipulation via Tether." Nobody gives a shit about Tether. Nobody gave a shit about the Willy bot either.

Quote from: Predict0r on July 08, 2018, 11:56:49 PM

Again, any rise will run into exponential resistance as those now disenchanted sell out, when they get close to recovering their money. That's just an observation - my main point is that the overall trend will be down, meaning only the sharpest traders should buy along the way.

Cuz Tether?

We get it. A bubble happened. A correction is happening. As someone who has been trading Bitcoin for several years now, let me tell you something: the correction will never play out as you expect. You should be thinking in possibilities, not merely assuming this correction will play out as the most bearish of all historic corrections (by far). You have no historical data points or even conventional chart patterns to support your thesis.