So I've been shorting Bitcoin since a few days ago---entered my short when BTC was around 59k.
This time, I decided to diversify and amplify the risk by also shorting Ada, Bnb, Eth. I chose them since the down equivalents have some liquidity; and also because they have 30-40 xd in the last 12 months.
This short trade, with leverage, all in, is not a swing trade----it's a positional trade----not just in terms of target price but also in terms of time. I'm ok with a month or two long trade.
Psychologically, I feel quite comfortable. Everyday, I mountain bike in the nearby national park for 2 and a half hours. In the evening I cook tasty food and drink wine, currently also watching Dexter. So this positional trade allows me to enjoy more free time since I only have to look at the charts twice per day.
If Bitcoin hits 40k, which is my first target, I'll look for reversal signals and temporarily close my short positions and then look to re-enter at the top of the bounce. I'll also consider what I should do this summer.
I'm thinking Ibiza will be completely insane this summer, and I'd also like to visit the boiler room in Berlin, the chicks will be so hot and horny after the lockdown.
Of course, if BTC pumps here, then I'll be holding my dick by the side of the road.
This time, I decided to diversify and amplify the risk by also shorting Ada, Bnb, Eth. I chose them since the down equivalents have some liquidity; and also because they have 30-40 xd in the last 12 months.
This short trade, with leverage, all in, is not a swing trade----it's a positional trade----not just in terms of target price but also in terms of time. I'm ok with a month or two long trade.
Psychologically, I feel quite comfortable. Everyday, I mountain bike in the nearby national park for 2 and a half hours. In the evening I cook tasty food and drink wine, currently also watching Dexter. So this positional trade allows me to enjoy more free time since I only have to look at the charts twice per day.
If Bitcoin hits 40k, which is my first target, I'll look for reversal signals and temporarily close my short positions and then look to re-enter at the top of the bounce. I'll also consider what I should do this summer.
I'm thinking Ibiza will be completely insane this summer, and I'd also like to visit the boiler room in Berlin, the chicks will be so hot and horny after the lockdown.
Of course, if BTC pumps here, then I'll be holding my dick by the side of the road.