I just felt so sorry for some "investor" that bought the last ATH and then came back to complain.
This is what I learned in investing 101 but it seams some people did not attend that class.
It is fairly well known that a first test of previous ATH is a Major level of resistance.
Hi Icebucket, that's well put, I also liked your entries on the darkcointalk.org forum, that is a simple yet coherent strategy. It's a shame most of the trading platforms/software does not allow custom indicators (not yet:) but one can still use the good old standard indicators such as EMAs. There is no need to make trading complicated, the use of sophisticated indicators/methods may give results contrary to expectations. As I have some experience in trading Forex (started in 2008, started making profits in 2011:) I beg everyone to remember about position-sizing, not to involve too much of one's deposit, too much of risk exposure may be a killer. Buying altcoins is more like buying shares, you buy and eventually the value of your coins will decrease, but you don't get a margin call when you are at minus 70% of your initial balance:) I know investing in crypto-currencies is high risk vs. high reward, so people would split their trading capital into 3 or 4 parts and get into the market with four orders 25% of deposit each (I'm not saying that you are doing that, Icebucket P.S. great nickname, a good idea on a hot friday:) but on Forex such money management would blow up your account in one day. Or if you are lucky, make you rich fast:) All is good as long as you have a sound strategy, and don't get scared when the price does not move in your favour. I find crypto-currency trading very interesting, as many Forex methods also apply here, and the market is fresh and vibrant, with so much energy. Amazing:) I wish you good trading.