Hello friends,
This is potentially a legendary moment in the history of bitcoin.
This has been my position since I originally went short at like 9k or something. This was what I was saying when I first went short:
I don't know if this is going to happen of course, I do not predict. I do not make money because I can predict markets. I have no idea. Anyways, my account risk is about -5% if I am wrong with a stop at 6440.
I will update the details of the trade as time goes on, for now, I like my chances to make money. The fact the indexes are at lows again suggests to me we will see lower lows at the next open which should mean further selling pressure for crypto. Keep in mind, tax season is just around the corner. People made massive gains on the long side last year, they are going to have to sell to pay those taxes now.
Thanks for reading,
Shkreli
This is potentially a legendary moment in the history of bitcoin.
This has been my position since I originally went short at like 9k or something. This was what I was saying when I first went short:
I don't know if this is going to happen of course, I do not predict. I do not make money because I can predict markets. I have no idea. Anyways, my account risk is about -5% if I am wrong with a stop at 6440.
I will update the details of the trade as time goes on, for now, I like my chances to make money. The fact the indexes are at lows again suggests to me we will see lower lows at the next open which should mean further selling pressure for crypto. Keep in mind, tax season is just around the corner. People made massive gains on the long side last year, they are going to have to sell to pay those taxes now.
Thanks for reading,
Shkreli
Comment:
please follow me if i have been helpful to you. There are almost no traders out there who show there entire trades. I show everything good or bad because at the very least, I'd like to be honest. I'd really like to see 1000 followers, make it happen!
Comment:
lost 5%. Account up about 15% overall now. Pretty unfortunate for a few reasons, but onwards.