Hello,
Gonna make this pretty quick again,
I have been stopped out for about a ~$100/btc short profit. I was not expecting the drop to be so weak. $6,000 is really being difficult. So, I am just going to wait for an indication. I recommend you do the same. There are a lot of leveraged shorts, and so that has me concerned. This feels a LOT like the one short squeeze we had in may or something like that. It had me surprised, but I was ready for it as per my strategy. I wrote an educational post about that, you can read it here:
Be careful out there people. It could go either way - so hold what you are most comfortable holding. Might be bitcoin, usd whatever.
Good luck,
-YoungShkreli
Gonna make this pretty quick again,
I have been stopped out for about a ~$100/btc short profit. I was not expecting the drop to be so weak. $6,000 is really being difficult. So, I am just going to wait for an indication. I recommend you do the same. There are a lot of leveraged shorts, and so that has me concerned. This feels a LOT like the one short squeeze we had in may or something like that. It had me surprised, but I was ready for it as per my strategy. I wrote an educational post about that, you can read it here:
Be careful out there people. It could go either way - so hold what you are most comfortable holding. Might be bitcoin, usd whatever.
Good luck,
-YoungShkreli