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rustygeeart
Mar 5, 2020 10:41 PM

All the basic indicators say a short Short

Bitcoin / U.S. dollarBitstamp

Description

Nothing Fancy, partially posting this to feel better about my averaged down short position at 9k. Hope it all works out
Comments
UnknownUnicorn6653705
Time to open longs on bitcoin again, This idea below explains why:

realHustleBones
YOU BROKE THE RULES

YOU NEVER BREAK THE RULES
rustygeeart
@realHustleBones, whats the rule?
realHustleBones
@rustygeeart, should never add to a losing position imo -- very hard to manage your risk once you start dollar cost averaging
realHustleBones
@rustygeeart, also, consider that with price currently making higher highs and higher lows, you'd have been better served in the short term by getting out of that short and taking it long instead
InvestAndGrind
@realHustleBones,

rSi OvErBoUgHt??
SHORTSHORTSHORTSHORTSHORT

@rustygeeart im messing around haha, good analysis btw!
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