BTC long term strategy

Dear gamblers,

This is my long term strategy for BTC. Nobody knows what will happen, I am no guru, and I know next halving could make a hype, but for the moment, this asset makes no sense, have no mass adoption and all in all, being myself a crypto supporter, this is what my analysis looks like. Nobody knows still the fair value of bitcoin, but as a long time investor in stocks, there's not an asset that is valued 10k, this is what makes me think BTC is way overvalued.

If you noticed the triangle in doted lines, you can try yourself to put it on a monthly basis, you will see that it's cleaner :P

The strategy is simple, if BTC reaches 13k+ it becomes bullish and could skyrocket, until then, this strategy is valid.

STRATEGY:

Stop limit SHORT at 10.000.
Stop market at 13k+ where i would possibly open long at around 14k.
Target 5-6K
5% position.

Have fun gambling.

Regards,

BeniGo

Comment:

Dear Gamblers,

If today's 1D candle closes above 200ma i will close my short, I'm expecting a hype until 9500-9600. Looking to long EOS on smaller timeframes with really low risk and tight stop loss.

I will let this trade open as the bigger picture seems to play out accordingly.

For those who short in Binance, good ride so far, we got lots of spread bonus from bulls + nice profit. Personally I shorted from 10.046 USD.

In case today's 1D candle closes below 200ma, I will keep this short open.

Wish you a safe gambling,
BeniGo

Trade active:

Position closed. Looking to reshort it in a while (weeks-months).

BeniGo

Trade active:

Looking weak. Short started at 8700.

Trade active:

Short closed at 8200. Looking to reshort again when oscilators refresh a bit. Lots of sell off today.

Trade closed: target reached:

Personally i closed way above and couldn't get that much of a profit i would like, but the idea was still valid. I'm still shorting with small amount as there is no signs of getting better.

Regards,
BeniGo