I sold at $990 on GDAX. However, I put in a Stop Buy order at $1000.01. Only a $10+fees risk (actually more like $20-30 price risk, because the $1000.01 will likely be filled between $1010 and $1020), and if it does go back down in the meantime I have the option to cancel the Stop Buy and simply buy lower. .... caveat, I'm new to crypto trading and didn't even make very much on this rise the last few days, but do you see an issue with this thinking? Honest question.
@NestorBarajas, I personally think it can, but I think some kind of retrace like we are seeing now had to happen first. My big question is whether this will be a short retrace to $950-970 today and then take a run for it, or a longer one, perhaps all the way back to $750-850, before it decides to takes a good crack at it.