What was that thing about some bald guy claiming credit for "popping" the BTC bubble? I thought that was guys like us shorting the shit out of it on Bitmex. Who's the scammer?
I think we have one more down to finish this giant WXY correction. Corrections are tricky to map out, but you just have to think of it like a GPS - always adjust. I've mapped the ABC in the last leg 3 different times in 24 hrs. That's how you properly do EW analysis in my opinion
https://t.co/LtZxPZoetl
From a VC perspective Bitcoin is an amazing investment
the TAM is on the order of trillions.
LN growing 30% month over month. VC's would be stepping on each other's toes to invest in an electric scooter start-up with those metrics.
Been busy lately so not trading. Missing out on some good trades but remember there is always another trade around the corner (or you can't lose the money you don't trade)…
That was a quick 1% gain on the entire portfolio! I'm looking at these market structures on the daily to draw some possible paths in the upcoming weeks, and will be shorting the 200 DMA - hence I am long for the immediate term.
I'm going to close my shorts out here for a bit, take profit at 3895, and restack them again a little higher. I don't really like the market structure right now and still feels a bit bullish. Happy to catch a wave B but don't want to risk it. Being careful with a countertrade...
I am in about half of shorts, 40% portfolio at 2.5x - averaging 3930. Keep in mind on daily time frame, still very buillish. I'll be looking get out of this short if price starts to look bullish, keeping track volume/rsi. Technically it should come down to test the 20/40 MA/emas.
Been teaching some1 how to trade w/ $1000. He upped bet size w/out telling me... significantly - I warned from day 1 he WILL get wiped if he does so this. He made 50% in a couple of days. Then... liquidation. Bet size / risk mgmt is as impt as strat. Play like casino, not gambler