There you go. It didn't take long for those 2 volume "sells" to work their magic. Bitcoin now trading at 2522 and the spikes both came in at 2540+. So now you simply look for a volume spike at a low to generate a rebound. I wouldn't daytrade bitcoin like this. But I did post a bitcoin daytrade system which I put into effect only when the OTC exchange traded bitcoin tracker GBTC generates a buy signal. That program issues a single buy each day while GBTC is still in buy mode. A limit to sell $50 higher is then set or the position is sold at the next 24 hour buy price. In other words, 1 buy, 1 sell per day. That system generated a banked gain of $956/coin over a 20 day period when GBTC was in buy mode from below $1500. It has been deactivated for now until GBTC is back in buy status. But the daytrade program is documented in my blogs here.
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I'm surprised how much teh trading volume has tailed off. Nonetheless, the ones doing the "manipulating" stepped up with a volume buy at 4PM EST and if you followed that buyer you are about to bank $50/coin. If you want it. But examine what I showed you anyway. The volume sell ended up taking bitcoin dooown and it was fruitless to step in until that volume buy came in at 4PM EST. It's not that difficult to trade bitcoin as far as "knowing" when to buy and sell if you are daytrading it. Making teh actual trade thru your exchange is likely the most difficult part of it. :-)
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