I stated on my previous post that I shorted bitcoin at 17812 (we´re currently trading at 17425).
Believe me, I am super bullish in the long term but, in the short term, a correction is necessary and it´s happening already.
I shorted 20% of my capital and now I am working with the scenario bitcoin will reach 16600.
That will be fast. Maybe even...
As you know, I already sold all my bitcoin at an average 16.600. I know; too early.
I sold it in 12 different operations and I don´t regret.
Now I just opened a SHORT POSITION!!!
I shorted at 18,812. This was my first operation. I will slowly add more to my short position and I will keep you updated on that.
We shouldn´t ever forget this statement from Buffett: "be fearful when others are greedy!"
I keep my strategy. bitcoin pumped a lot and now it is time for a good correction.
I am still slowly selling my satoshis; now at an average 16360.
It is hard to see bitcoin pumping to 17k but I am managing risk. If it dumps now, I already guaranteed profits.
If it keeps...
bitcoin has a bright future but not without corrections.
Today we´re witnessing a great +5% pump and this, in my opinion, means we already entered the FOMO level.
I started selling my satoshis at 11580 and I already sold 50% of them at an average 11120.
It hurts to see bitcoin reaching 11800 but this is how I manage risk.
Take care if you´re using leverage. Once...
I am wright now 50% on cash and 50% in bitcoin.
I slowly started selling my satoshis and did it at an average usd 16120.
After I did it, bitcoin dumped to 15500 but it also jumped to 16500.
Patience is the name of the game.This is why it is good to slowly trade: wright now I will gain or loose 50% of the market movement.
Since I am on gains, I believe this is a...
As always, it is very hard to predict tops and bottoms. It is actually almost impossible without much luck.
With that said, what to do now?
I am keeping up with the suggestion of my previous analysis:
1. Close your longs on leverage
2. Start slowing selling your satoshis
With these measures you will reduce risk and:
1. If it dumps, you will be able to stack more...
bitcoin is currently being traded at 15900. This brings the question: did correction start?
I believe this red candle we see today is the first step of a correction.
As stated before, I started selling my satoshis at an average 16118. I am already 50% in cash.
It´s impossible to say bitcoin will drop from here but I strongly suggest everyone to:
1. Close longs on...
bitcoin is currently being traded at usd 16.340
I slowly started closing my long position at 15.892 and I am now selling at an average usd 16.118
We´re in the middle of a magnific bull run that can continue for countless weeks but I must alert that a correction will come sooner than latter.
My targets for the correction are: 14.000 (1st) and 12.500 (2nd).
My opinion on bitcoin price is: a correction to 13k level is imminent. It might happen at any time!
This is based on the previous corrections since bitcoin reached 3,8k. We saw corrections of 12%, 15%... Now it is time for a correction!
In the long term, I am still super bullish on bitcoin.
On the short term, I am starting to sell my coins so I can stack more once...
bitcoin current price (usd 16.000) is aprox. 40% above its weekly moving average (usd 11.400). This can continue for another one or two weeks but a correction will have to happen sooner than latter. Be ready for it as we might see a 30% drop.
I am neutral in the short term as bitcoin prices can keep going up but, if you´re in profit, now it is a good time to start...
I was expecting bitcoin to test 14k after it broke this resistance.
Truth is, bitcoin is now in a very strong bull pattern.
We tested 13,400 and I think this is it.
For the short term I think there will be no correction.
We´re heading to 17k.
Everything is happening as my predictions. After hitting 16k bitcoin was screaming for a correction.
I was working with the possibility of bitcoin hitting 14k. It went all they way to 15,3k and is now in a congestion between this value and 16k.
I am still working with the scenario of bitcoin closing the year at 16k.
Let´s remember we´re in a bullish trend right...
bitcoin is consolidating for the 2nd consecutive day.
I am working with the possibility of a correction to 14k in the short term.
It is very difficult to take a side now as bitcoin can go each direction.
I would suggest to manage risk.
Short term: down
Long term: up
I am betting on a usd 16.000 by the end of 2020
I sold 80% of my bitcoin yesterday, nov 5th.
The reason is that bitcoin is screaming for a correction in the short term.
I sold at an average of usd 15.622,00 and now I am looking forward to see bitcoin at 14.000,00, a drop of 10%.
In my point of view, bitcoin is ready to moon. As I am writing this post bitcoin is at 13.505 and it is slowly going down for the third consecutive day.
This seems to be just another consolidation process. Once it starts to go up, it will be massive.
Let´s remember btc is trading above all monthly, weekly and daily resistances... the only one left is at usd...
Bitcoin monthly, weekly and daily graphs are looking just great but I suspect a correction is about to happen.
I do see bitcoin reaching 12,4 ~ 12,5k before going up strong again.
If you´re a holder, there is nothing to worry about. bitcoin future is bright!
People are panicking today as stock markets are dumping and so is bitcoin.
SPX - 3%
I must say I would be worried if I was long on stocks. SPX might dump hard.
Regarding bitcoin; today´s dump is really healthy. Maybe it is just not the time yet for bitcoin to break 13800 usd but I am adding more satoshis to my long position.
I am very optimist with...