We just broke 4hr bullish support zone. With my bitcoin long, I have to hedge against myself. Now loopring has done 785.90% profit in 13days. We have never gone into the bearish control zone .
Conclusion : If i was up 785% on a altcoin with bitcoin making a 1 month low. Even with a dip in bitcoin of 50%. I would still be more than 350% in profit if i buy bitcoin now.
Trade active
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Instead of going all in bitcoin. If i also short lrc, I will have funds available to buy the dip if bitcoin goes even lower.
screw you lol, you made me doubt my analysis. I could have gotten in at 2.2 (I'm kidding of course, my own fault)
trader734567
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@xizha127, Hey always trust your analysis. This was one for me is a hedge
xizha127
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@trader734567, No worries, I'm already up 25%. better to wait for the confirmation than to try to catch the bottom, anyway :p I was originally just gonna try at exactly 2.2, though. Taking most of my profit at 2.7-2.8, we'll see if it traces all the way to the 3.2 but I doubt it considering BTC
(I'm kidding of course, my own fault)