You made XXX% today...that's alot of money. What do you spend all of that on, I average only XX% return every trading day. I like new computers, protein bars, and high-end shoes. I saw a light brown and white pitbull the other day, in the car next to me at the stoplight...it reminded me of a vanz. It was just staring at me calmly.
I'm not playing it... but if it were a stock and I was trading off that chart... I'd go ahead and flip to the short side up here at 10.9 It will retest the lows. Now its trading like stock......
See here's the thing... watch the volume....but I suspect there's no new money coming in. Its too risky for new money. Its gonna drop from here. 10.7 now
For the guys who are shorting, Dollar Cost Average is the best move right now. No worries. This is a dead cat bounce.
I should have said 3 hours. About 2 hours after this call it topped at 11.8K and that is good enough for me...
The political/regulatory risk has finally weighed on the market and overcooked this correction like usual. I think we've seen the bottom but suspect we wont see a significant bounce until this month is over. Chris Larsen's net worth has taken a beating with XRP's 75% retracement.
Which exchange are you looking at? Bitfinex is off by like $300. They show 10,483 now. Bitstamp shows 10,726. This stuff is stupid.