so whatever dafuq this is developing into (triangle? zigzag? chop? fks given=zero) I think after the 5 waves down we have to consolidate for a week atleast: have left my quarterly shorts open(reduced size tho) but been opening longs since 248(so currently those are losers): expecting a rise to 260 ideally, atleast 255s. I think that red line will hold for atleast a week: if it breaks we're going downtown and I'll close my longs.
Will start closing long after 255(if indeed we go up) and if we hit 300s, the downtrend is over(please god, save bitcoin!) and I'll start closing my quarterlies.
Also looking to move to 796 coz okcoin's new margining is getting too BTC heavy(capital intensive) for me: I don;t want to baghold BTC in a downtrend just to cover margin, but am happy to buy coinz to add to margin.
Will start closing long after 255(if indeed we go up) and if we hit 300s, the downtrend is over(please god, save bitcoin!) and I'll start closing my quarterlies.
Also looking to move to 796 coz okcoin's new margining is getting too BTC heavy(capital intensive) for me: I don;t want to baghold BTC in a downtrend just to cover margin, but am happy to buy coinz to add to margin.