IT REALLY WAS A DEAD CAT BOUNCE

Maybe if you pray nine times you can beat it

WAKE ME UP

>>2874435
The bump up from last week was twice as big as last night's dip. But nothing against panic selling.

>>2874435
how did you fucking idiots not know it was a bulltrap? Like REALLY?

>he fell for the dead cat bounce

SAD

>>2874435
>mfw closed my margin short at 2570

also the moment BCC was announced you should have fucking sold

I saw that Bitcoin was crashing so I decided to do some margin trading and short BTC with 5x leverage.

I came back to see that it had indeed dropped by a lot. Clever me.

Turns out I accidentally went long.

Do you think the price will recover tonight? This feels very bad. I'm just watching it go lower and lower. I feel sick. I should have cut my losses ages ago, but I feel I'm so far in now that I have to keep hoping for a dead cat bounce.

>>2875752
Because if it kept going up or stabilized, you wouldn't be calling it a bull trap. If a bunch of wannabe analysts, in this case /biz/, throw shit at a wall, eventually one of those piles of shit is gonna stick.
Hindsight is 20/20, faggot. Nobody here knows shit.

>>2875794
why? Isn't that a good reason to hold until you get some?

>>2875808
congrats you are probably one of the best crypto traders on /biz/

>>2875815
LMAO. Sorry, but it was WAY too obvious.
BTC jumped from 2k to 2.9k in like 1 day, then huge dump occured right before 3k. That's a recipe for another crash.
Bonus points for anyone who saw appearing and disappearing ~900 btc buy walls.

>>2875808
I shorted all the way from $1850 to $2400 hoping I would recover my losses, never again, accept your losses and get out anon

>>2875867
I'm trying. The price dropping so fast that by the time my trade is added it won't be accepted by anyone.

sharpest and hardest rallies occur in bear markets

>>2875829
No the split will not magically create value out of nothing. BCC + (old)BTC = BTC pre-split in $ terms.
Also you have a "coinification" of the "BTC CIvil-War". Depending on who is on which side shit could get ugly.

>>2875875
Just close your position at market price, it will automatically sell to the highest buyer

Or set a limit price slightly under the highest buyer

>>2874435
Don't use pink wojak it's an Occultic meme made by third parties

>>2874435
>7/25/17
ITS DEAD JIM

BTC honestly deserves a good drop to 2k or less; let something else get a bit more of a market share.

Because the problem is, everything is stuck following the big swinging BTC dick right now and it's just a bag of unsustainable bullshit.

BTC drops, everything drops, BTC rises, everything rises - there needs to be 2 or 3 coins of vaguely similar value at the top so that things underneath have some room to breathe.

I know the market is always going to trend in similar directions across the board, but right now we have magnet charts that follow each other candle for candle almost...