We could see a bear market last for 10-20 months after 2018 starts, not a good prospect.
It was clear to me that as investors seek to benefit from the airdrops in Bitcoin, they would start buying BTC with all other alts, and cover shorts to do so. For example, the Bitcoin Gold fork, would force investors to withdraw funds from exchanges. In the case of the 2x fork, Bitfinex already claimed they will grant you a balance in the new fork once available, for all spot and margin holdings you may have in BTC. This can create a lack of liquidity and a rush to buy BTC, with all you got going into the snapshot date, and given the enormous short positioning we had, a short squeeze rally, which I think already started. It's probably accurate to say very few -like us- saw this coming.
Best of luck,
Ivan Labrie.
PS: If interested in benefitting from my insights and trade reccomendations on a real time basis, message me for access to my trading services.
註釋
And, inb4 I get flamed for calling a bear market...註釋
But firt, flamed for calling a bull run...haha.註釋
Fixed the fork date in 手動結束交易
I banked at 6420 for now.註釋
I managed to cover my short at minimal profit before this last push up...Now watching, it isn't clear if we will go straight up for a few more days, but sentiment spells danger. Safest bet, since I'm flat, is to wait in cash for a clear top signal. Need time to process all information, the BCH fork for example, or whatever happens with ETH, which isn't really clear yet.We entered a difficult to trade phase again. It was a walk in the park for me, since we bottomed at 3000+-
註釋
I think we might be seeing a peak in sentiment around here, we might get a consolidation, and then more upside after the fork. I will wait for a clear uptrend continuation setup, and a drop in sentiment to bearish levels again, ideally while price is sideways...s3.amazonaws.com/tradingview/snapshots/h/hcI0gnkq.png
註釋
Clarification: if we go sideways/down, and people's recent rush of bullishness cools down, I will go long again. If not, we might have already peaked.交易進行
I covered my BTC shorts and went long with 10% at 6475.手動結束交易
交易結束:目標達成
🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
linktr.ee/ivanlabrie
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
linktr.ee/ivanlabrie
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。