I am seeing weakness here but as it is still a very bullish trend, if I do end up going short it will not be for very much risk. Recall, I go with the trends, I do not try to be a hero and call tops etc. I just try to spot weakness and strength and navigate accordingly.
Thanks for reading, Shkreli
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I would make a post but I am not at a computer. I may or may not make a trade here soon. It looks to me like btc has temporarily topped. I will update you. This will likely be a medium risk trade if it goes through as I reckon my chances of being right are decently high and the payoff will be quite large. Expecting as much as a 50% correction or so with the short.
Recall I do not make many trades. Few that win big.
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I might make this trade without updating first I apologize for this. I will update here however if I make the trade
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I should be back by my trading computer within the next two days. Trade update then.
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Shorted 38500 Risk 5% Stop 42,000 Looking to close around 20k. 18:3 ratio of close to stop
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Moved stop lower to 41000.
Trade currently up about 15%. Starting the year off right. Going to crush it. Time to wear the pants again lads.
Would like to hear your perspective on alt coins, money moving from BTC to others, especially to ETH and ADA.
CantorTechnologies
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@HHSPN, I don't understand why anyone would ever buy ETH/ADA except to speculate. I think about things long term. I understand why BTC could be here in 100 years, I don't understand why the other two would. Further more, I am about as interested in understanding altcoins as I am interested in studying dance theory. I think understanding either would be equally useless in making me money 20 years from now.
CantorTechnologies
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@youngshkreli, Thank you very much for your comment and for reading however. I don't mind if you like those coins. Just know I could not care less about such things.
Gino
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@youngshkreli, Then speculate and make us money,,Eth was $116 when I bought it,,so why not make money short term?
I don't care about 20 years from now,,can't guarantee where one would be in 20 years. It's right here right now,,go and make the money.
CantorTechnologies
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@Gino, wealth is not made quickly. Crypto people don’t understand because they’ve never made any money...