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      "body": "This was a very rare event, kinda the perfect storm. Yes I believe it would take a party with alot of money to buy up all those dumpers at 3,000 and then come in heavy as soon as they stopped selling and pop the price.. But there are other forces that played into this pop..With all the bad press in china there would have been alot of shorts entering the market, expecting that with each additional exchange closing, the price would continue down. Easy money for the shorters... but last time BTC was at 3,000 it gapped up and never looked back, so there are many buyers dying to get a repeat move up at that spot.  Then after a little manipulation from some deep pockets the price gets an unexpected pop and all the shorters who were getting short from 3600 and down, were quickly getting squeezed, and when you surprise may people who have used borrowed coins like that you get a short squeeze, plus the buyers coming in because of remembering that history. Its really a series of conditions that made for a huge wave of buying. Now that most shorters got hurt, they are a little scared to short again and the price stabalizes up here for a bit.. But nothing has changed, the news is still bad, and this could easily move lower again.. \nOk so what im saying, is if you and 30 of your friends tried to move the market right now, it wouldnt be that easy, but with the perfect storm, at the perfect loacation, crazy things can happen.",
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      "body": "P.S. Luc's recommended 1h chart. First You pull back the chart to see 2 month history and choose bases and if they have always pull back to the bases(if there always a pull back those are the safest). And You measure avarange panic to predict another drop.",
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      "author": "fulloflife",
      "body": "@@ -98,16 +98,17 @@\n few coin\n+s\n . Even i\n",
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      "author": "fulloflife",
      "body": "And in some video he listed the safest. But I dont remember witch one. I know ETH-BTC pair.",
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      "author": "fulloflife",
      "body": "Safe are very small purchases until You learn. Better 10-20 small in different coins than big in few coin. Even if You make mistake You will lose only cents. And look for Luc's favorites. He shows them in one of the latest videos.",
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      "author": "quickfingersluc",
      "body": "Im in Ontario.. And I did start a small group for stock trading, a few years back.. We organized a meeting place, and met 2 a month.. But it got very time consuming, because the room would fill with people who have never traded before, and I would spend hours explaining the basics, over and over.. Since I was really the only trader in the group, after a few months I ended it..",
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      "author": "realviking",
      "body": "I think, he lives in toronto",
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      "author": "cryptyoyo",
      "body": "btw Luc Are you Canadian?  You mention a Canadian exchange in your video.  My guess is you are from Ottawa.  Would be great to do a group meetup but understand if your time is limited.  You could probably follow the Chris Dunn approach and teach courses one day.",
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      "author": "cryptyoyo",
      "body": "Quick Question for Luc:  I'm seeing different things in the charts depending on the view.  Ie 1 hr and 1 day.  1hr and 3 days. 1hr and 1 week.  In general you see the biggesting gains on the 1 week view. You see  smaller gains on the 1 day view .  What do you recommend for beginners.  Which is the safest chart view to watch when first starting.  Second does the overall trend line up or down matter.  My guess is a trend line up could be a bit of an insurance policy on a trade?  Thanks again for the posts.  Thanks again for sharing. Your trading strategy is the best I'm come across to date.",
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      "author": "cryptyoyo",
      "body": "Thanks Luc!",
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      "author": "quickfingersluc",
      "body": "I really don't want to complicate this trading method for everyone trying to learn how i trade.. I like to keep it simple, because I make plenty from just taking long positions.. However you can trade both directions effectively.. I dont think it makes much sense to focus on shorting in a bull market, but it can be just as profitable.. I however dont short cryptos, but I do ocationally sell spikes (with my free coins), and rebuy my core position after it settles down..",
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      "author": "wingz",
      "body": "I think I can chime in here - Luc is taking the other side because there are a lot of panic sellers in the markets, the 'edge' is that they will overreact and the bulls will buy back to the area that the price cracked from. \n\nYou're trading against less experienced traders when you buy from them. The other way round, you have no idea if a base will break and you're trading against the guys who keep buying up coins that drop.\n\nTwo very different games.",
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      "author": "cryptyoyo",
      "body": "Luc, one question. Why do you not short on those spikes. You seem to know exactly where they are?  Chris Dunn mentioned he made 70% of his profits initially by shorting.",
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      "author": "cryptyoyo",
      "body": "Great Post Luc!!",
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      "author": "cryptyoyo",
      "body": "HI Luc, if you get  a chance, can you comment on this.  Is my line a base line.  I used because there are three bases. Now the time scale is 15 min not 1 hour and some are suggesting the base is far lower.  Just wondering your thoughts.\n\nhttps://www.coinigy.com/s/i/598b327753a65/",
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      "author": "warjar",
      "body": "Hi @cryptyoyo.\n\nThe STEEM supply is not doubling every year, that was kinda the main point for making this post. This was the case before December 6th, last year. It's increasing with about 9.13% per year, right now - and will decrease to 0.95% eventually.\n\nThe USD is printed \"like crazy\" and it's buying power is decreasing every year. So is the case for all other fiat currencies as well.\n\nYou are right about that there being many factors in play here. Some of them are mentioned in this article, and the commments below.\n\nThanks for your commen!",
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