ibankbitcoins' trading plan in the coming weeks 2/26/2015
I expect volume and open interest to pick up in the coming weeks. I am slightly more bullish than bearish because we have not retraced 100% from the previous rally (yet). BTC shorts and longs are increasing. I will wait for a big volume move before making a trade decision.
Last week, I planned to not trade this week until Chinese New Years blows over. I predicted that market would be a chopfest. I know people usually predict tops and bottoms, but I predict chops. It is a pretty valuable skill for a trend follower trader like me; saves me a few round trip to the commission house and slippage.