UPDATE FROM MY LAST CHART:
I shorted Bitstamp through Bitfinex at $791.1,
then covered 1/2 into the panic around $770.
There's a lot of dip buying activity, and we have
to snap this support at ~760 to get a "real" panic.
If 760's hold, then we could see a short squeeze
back above $900. If it breaks above $790, then I'll
cut my position for breakeven and start to look for
another setup.
I shorted Bitstamp through Bitfinex at $791.1,
then covered 1/2 into the panic around $770.
There's a lot of dip buying activity, and we have
to snap this support at ~760 to get a "real" panic.
If 760's hold, then we could see a short squeeze
back above $900. If it breaks above $790, then I'll
cut my position for breakeven and start to look for
another setup.