Post
Topic
Board Altcoin Discussion
Re: Next dogecoin rise?
by
unent
on 30/03/2014, 01:09:45 UTC
sold at 137, $900 profit.

Lucky you for selling at the exact high spot. Tell me, how did you arrive at this sell point? Did you have an order already to go or did you somehow know it wasn't going higher, pump/dump?

I was going through the sell orders, I saw that some guy put 60 BTC at 138, so I knew 137 would be the end Cheesy

Seemed like every time there is a large sell wall people freak and sell.  Buy at prices that are above support...and once you get to the (big) sell wall...you sell!  I profited (albeit a minor amount) by doing this on Cryptsy today.

It's a suprise that people will put up and/or add to a huge sell wall.  If they were smart they wouldn't do that since it effectively slows (or stops) the upward progress of buying.  More people would make profits if they realized that (I think).

I learned something from you tonight thanks. Hopefully I will not be making that mistake again.