cw96
Short

Time to Short the Ponzi

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
731 views
13
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This is not a value area for long term investors. Buying opportunities will arrive for those that are patient, going short stop above 6400.
Trade active: Golden cross, dump it.
I think the current is similar to the bottom of 2015. What do you think? Please give me a advice.


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Today feels like a good day to liquidate bears by moving above the recent high. I've prepared shelter and warm blankets for all of my bear friends to make sure they'll at least have something to fall back to once their fortune is gone.
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cw96 pogodin
@pogodin, Many bears have and will be getting rekt today, this is my long term position trade idea for btc over the coming months. short to medium term I will be longing the 5200-5300 area unless market structure shifts significantly.
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@pogodin, Bears with open leveraged positions today are just dumb. Anyone with half a brain could see the impulsive move coming - particular over the last 3 or 4 hours. They had every chance to close their positions.

I'm a Bear, and I closed yesterday. I tried to get in today at circa $5600 on Bitmex, but of course, their system gets over-loaded so easily that you can't submit Orders when you REALLY want to.
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cw96 mhfcrypto
@mhfcrypto, Finex is king of Crypto exchanges, now open to traders with less than 10 000 usd equity I believe. Bitmex= Bucketshop I do however use sometimes when I want to save on fees and use limit orders.
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@cw96, but how much Leverage can you get on Bitfinex these days? only 3x, right?
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cw96 mhfcrypto
@mhfcrypto, 3.3x
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@cw96, yawn... I use 50x Leverage.. $500k position with $10K Equity. Versus $33K position on Bitfinex :-)
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