The only reason I short Bitcoin is because I’ve proven to myself that I can execute it well.
The profits ultimately rotate back into spot BTC.
HTF, nothing changes just because we’ve pulled back from 125s - its proven to be a bullet asset class that is known for deepish corrections.
The goal remains buying perceived value, wherever that appears.
I don’t view spot BTC through binary “bullish above / bearish below” levels - if the HTF bands show momentum then I want to flow in that direction - right hand side of the V.
Over the long run Bitcoin is an asset that I believe will continue going up and to the right.
As a trader, I’ll long discounts or short edge zones / hedge, but successful shorts simply become another way to accumulate more spot Bitcoin at perceived value.
Thats all there is to it for me- the bull/bear argument becomes irrelevant...
My BTC thesis hasn't changed since October.
A 30% rally off the lows came and went, and it didn't move me an inch.
Meanwhile, my feed over the last month:
4 weeks ago: "you'll never see $60K again."
2 weeks ago: "$40K is coming for BTC."
This week: "you'll never see $60K again."
Most of this market can't hold a view for more than a few candles.
And it's a prime example of why most traders will never make it.
2 years ago Mike Brown got fired for calling out De’Aaron Fox for being an Idiot. Now Mike Brown is going to win a Championship because De’Aaron Fox is an Idiot. Full circle moment
@KillaXBT@KillaXBT according to your some chart of monthly returns though being a buyer in an August / September bear market is buying into a continued decline as the monthly returns continue negative and sometimes even deeper red in many of the following months of that bear year??