Is the crypto winter over?

Adding to the existing short position @ 21314, bringing the average to 21335.

Stop 21660
Target 18550 (maybe too greedy but we'll see)

 

Damn, almost got stopped out. Anyway, these lines are what I will be monitoring. Once the blue line is taken out, it will be a fast and furious drop. This morning's drop below the yellow line indicates we have more room left to the downside. We'll see.

 

This morning I bought a little bit more of BIGG - Digital Assets Inc with some dividends that came in over-night, and will call it a day for the rest of the month (knock on wood). If something catastrophic happens within 30 days, then I MAY pounce going LONG. I'm actually hoping for that to happen too. If not, I won't lose sleep over it either way.

I'll keep checking this thread just to see more insight into Bitstamp. LOL Years ago I checked into perpetual futures on Kraken, but it wasn't really the thing for me. I'm more of a CME Group person when ever I do wish to trade ETH futures, and even then I only did very minimal trading in futures... mostly for educational purposes.

 

That's the line in the sand. Are you with me or against me? I can't tell.

 

Sorry if you mentioned it previously-the blue line is that what you would call a pivot? Or just the most recent extreme?

 

I would say both, although I think we've already pivoted to the downside (S&P is down big today). Methinks there's also massive stops placed just below that line. So crossing below alone will create a cascade of selloff IMO.

 

Next plan of action

 

Thanks.

 

Whodda thought buying BTC took so much drama. I thought you'd just buy it off Biance etc.

 

You can.

I use Coinbase and its the click of a button.

I think John is providing a different method.Mainly linked to improved leverage? But also wallet as opposed to exchange.