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RE: Does Bitcoin's sideways price action mean the bottom is likely in?

in #bitcoin6 years ago

I trade bottoms and highs mostly, but still more than once I have missed by just few sats or fractions. Even if I try to guess optimistically by playing safe, it doesn't mean my trade orders will get filled every time, usually every other time. Once I did set sell order at 10 times the previous high and got surprised when the price jumped 100 times the previous high. I could have added the sell order at higher than 10 times, but the likelyhood was so small that it wasn't worth the gamble.

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Alright, well let me know when the bottom is in for bitcoin. :)

Looking at the difference between EMA-5 and EMA-10 suggest there is still long way till the bottom, at least two months.