Quote:
Originally Posted by jscott
So you think every pump is "fake pump"?
I know recently tons of margin shorts liquidated, TA works worst for something like Bitcoin imo.
Applying traditional strategies to something like this is gambling, playing with fire, etc. (when margin trading)
When long term holding, call it what you want "fake pump or dump", either way it has proven itself 10000% over!  |
I do not use TA...maybe some moving averages and fibonaccis just to try and gauge where the bots will trigger but this is of minor importance...I do follow longs and shorts to measure the amount of temptation the exchanges have to wipe them out...but my strategy is mostly layered buy orders that trigger above and below the current price because I have no idea where the price is going in the short term....anything between 7900 and 8100 is the "dumb zone" where I do not care what happens...anything outside this will trigger my buy orders...