Quote from: oda.krell on June 13, 2014, 09:22:16 AM

Quote from: TERA on June 13, 2014, 01:05:21 AM

Always look at the volume on Stamp before you sell. In this case there was about 20K btc volume on a 4 hour candle which had eclipsed anything that had happened in the past 2 months. We were also on a fib line at $560 and the trendline that everyone is following is at $530, as well as various EMA lines on the 1D, 3D and 1W charts. The 'news' behind the selloff was weak as well - Someone is going to sell some coins (at auction. not even on an exchange)- so what? What does this have to do with the fundamentals of Bitcoin?

Agreed. But it was also an excellent opportunity for a short term trade.

I had originally planned to not get into this swing, but at some point it became clear there was real panic building up. And there was that tasty wall at 600. Out at 600, back in at around 555, minus slippage on the re buy and that was still a pretty safe 5% coin profit. Pleasant surprise.

So you sold around 800 coins to $600 wall? And bought them back around $555? =D Nicely done. Pretty risky I would say, but if you know what you're doing then it's not so risky. I'm still waiting to here from your RI indicator in this swing.