GOLDMAN SACHS JUST CALLED FOR A MASSIVE BITCOIN BREAKOUT
BTC / USD TA
Sure we can start panic selling here and begin concluding that Bitcoin will automatically dump after this statement, but what if we just hedge our positions? Perhaps increase your risk on each of the positions due to possible flash dumps pumps but don't exit out completely.
Just think about it... Doesn't it look almost too easy? I think it's worth a second look...
Over last 18 month we have seen nothing but bullish statements from governments, investors and especially CNBC... What did it all result in? Downward movement with few flash dumps along the road. - Stay with me here - . Now that we have moved into somewhat of bullish trend, we are seeing similar statements come out and to add on top of that three more ETF's just got delayed on the same day. Too easy? Short it? Sure, but that's the conclusion 90% of Bitcoin traders just made as well together with you.
How do we avoid making a wrong trade in this particular case?
We hedge our long / short positions - we are basically betting in both sides, with similar risk of around 2.5% - 4% - give or take 2% but this gives us an opportunity to not miss out on a potential gold mine if this thing just breaks this medium term resistance or a major flash dump.
Choice is yours after all but don't be quick to follow the herd.
Sure we can start panic selling here and begin concluding that Bitcoin will automatically dump after this statement, but what if we just hedge our positions? Perhaps increase your risk on each of the positions due to possible flash dumps pumps but don't exit out completely.
Just think about it... Doesn't it look almost too easy? I think it's worth a second look...
Over last 18 month we have seen nothing but bullish statements from governments, investors and especially CNBC... What did it all result in? Downward movement with few flash dumps along the road. - Stay with me here - . Now that we have moved into somewhat of bullish trend, we are seeing similar statements come out and to add on top of that three more ETF's just got delayed on the same day. Too easy? Short it? Sure, but that's the conclusion 90% of Bitcoin traders just made as well together with you.
How do we avoid making a wrong trade in this particular case?
We hedge our long / short positions - we are basically betting in both sides, with similar risk of around 2.5% - 4% - give or take 2% but this gives us an opportunity to not miss out on a potential gold mine if this thing just breaks this medium term resistance or a major flash dump.
Choice is yours after all but don't be quick to follow the herd.
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