I'm still short, but I see a lot of traders I respect who believe the bottom for the move is in. Maybe it is, maybe it isn't - I don't try to predict such things. I just follow my strategy and its worked all along so I'm going to continue following it.
In my last article above, I said I saw a retest of a support level on the cards and bitcoin just about hit it and is moving on a bounce from here. I'd be shorting the bounce instead of longing it, which is what I am doing. I really need to get a post about scaling into positions, but I just don't have the motivation or incentive to post here all the time. Maybe this will be the year of Shkreli and I will gain more followers, but for now, the sharing of pro tips here is on the back burner. That said, you can message me if you would like more access to my work.
Anyways, I also said that I think we will actually break the support level, and I still think that is what will happen.
I spend a lot of time talking about future movements, but I want you to know that it is all an illusion. Nothing I do is predictive at all - it only appears so. I live totally in the present as a trader.
Hope you enjoyed reading :)
YoungShkreli
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I'm not saying it will happen, but you should be aware it's possible for a total rugpull collapse to 5k. I repeat I AM NOT SAYING IT WILL HAPPEN. Just saying it's possible and you should be prepared for every single situation possible.
Hi YoungShkreli, nice idea! It seems like we have similar thinking. Good to see that! My trade is also up 15% still with this bounce. I am waiting to see if we have another small bounce to around 10.6k or continue the movement down.
Let's see what happens!
CantorTechnologies
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@jollygreen, I'll tell you what happens - we become rich and famous. It is written.
Let's see what happens!