CantorTechnologies

YoungShkreli is up $700/btc short. Read his update here.

Short
BITFINEX:BTCUSD   Bitcoin
Hello friends,

YoungShkreli is about to make over $1000/btc trade for the second time in the span of two months. Guys, I've been doing this for the last year. I'm the real deal. Please take the free money and follow me, I do not understand why I am not close to the top here.

Anyways, my support lines are still where I am expecting bitcoin to drop in the near term. I said in the last post that if we get to $5,000 and you are buying there, you need to be careful and watch the price action/read my updates because it's possible it will just be a dead cat bounce.

Hitting the oversold RSI is almost a certainty, so be on the watch for that. Someone pointed out a while back that the weekly chart was super bullish and it was, but guys, it moves too damn slow. You can't trade it that well. Stick to the daily.

Lastly, keep in mind that we are at yearly support levels, do not get caught with your pants down if we bounce from here. Set stops and trade responsibly - keep in mind we still have a ton of leveraged shorts that can be liquidated at any time.

Much love to my faithful followers.

-YoungShkreli
Comment:
Notice the last section. Let this be a lesson to you, if you are at support, you should probably not be opening shorts. Clearly, for whatever reason, this $6000 level just refuses to budge.

We have since bounced and I was prepared for it. I hope you all were too.

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