Looks like a bunch of over-leveraged longs got their a$ES handed to them by the shorts...I said it would happen close to 50K, but I thought we might at least tap that in the next day or so. Be ready with fiat to buy the dip if you have that available, we can go much lower from here based on those candles. Perhaps a CME contract expiry thing going on, not sure.
Those large red candles and the speed has me worried to be honest, but the larger the dip, the better the value of a buy.
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I would get a bit worried if we were going below 43K...
Please make it dip big! I bought some put options at 38k strike price, and then the a@@hole musk buys, bulling the market🤦🏻♂️
Probableguy2021
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The question is what time, and is 47k now the support level.
dpro001
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@Probableguy2021, yes indeed, hopefully within 14 days before the expiration date on my 38k strike puts
JJMa
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@dpro001, Ooooosh...good luck with that, you might get it though. As for me, I wasted $120 on dai that is now staked for about 25 more days because I was being stupid...so I guess I want it to go down a bit and stay down for about another 25 days, my luck it will stay down for another 24 days then ATH again...
dpro001
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@JJMa, thanks, i mean who new that he would announce his buy in. I was doing so good too, i bought the puts at 39k and they were already starting to go down, i was already 200 $ up but then he announced and it all went to sh&t
JJMa
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@dpro001, Ouch, sorry about that, but hey, those candles we just had, might do it for you. Can you move stops in options trading? Asking for a friend, I'm trying to avoid the temptation of getting into options myself...trying...so tempting...so you do options???
dpro001
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@JJMa, i still have 14 days until expire date, maybe can still win.. one cant move stops in options as far as i know.. option trading is easy, but only when the market is relatively stable. If it werent for musk, id make a couple of thousand dollars quick, because the price was supposed to drop and it already was dropping so i would have sold higher than i bought and would have made the difference. Last time the price went to 40k i did the same thing, bought at 38k strike point and then mark price went down to 34k so option price went up and i sold. Made exactly 1111$ that day.
TheSignalyst
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Nice one JJ
JJMa
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@TheSignalyst, It is my fault though, whenever I start to get excited, this happens, I must remember to not get excited about magic numbers like 50K...still, we were so close!