Putting in a short just above ATHs. Im bullish on Bitty but cant ignore obvious opportunities even if Im wrong in this instance. I wont be putting much conviction dollars behind this one, but Id like to have the exposure either way.
In a sense, this is almost like people waiting to short the SPX, only thing is Im not tryna be short for too long. A nice 5x short using 5%. This video entails my plan, however I'll be watching the charts closely ready to pull the trigger is enough signs align.
Reasons for short:
-2nd testing of ATH (Shorting Resistance)
-Binance and Bitfinix OBs sell side thicker than Beyonce
-Contrarian, who would really short here? Possible surprise flush out of late longs by whales.
-If I'm wrong, it'll be a small loss (tight stop); If Im right, it'll be an okay win. and Ill have a better pulse of the market.
In a sense, this is almost like people waiting to short the SPX, only thing is Im not tryna be short for too long. A nice 5x short using 5%. This video entails my plan, however I'll be watching the charts closely ready to pull the trigger is enough signs align.
Reasons for short:
-2nd testing of ATH (Shorting Resistance)
-Binance and Bitfinix OBs sell side thicker than Beyonce
-Contrarian, who would really short here? Possible surprise flush out of late longs by whales.
-If I'm wrong, it'll be a small loss (tight stop); If Im right, it'll be an okay win. and Ill have a better pulse of the market.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
