BitcoinShort
Michael Sailor is dumb
Updated
Michael Sailor is the dumbest trader I've ever seen on a massive scale. MicroStrategy started buying Bitcoin on August 11th 2020. Since then Michael Sailor held Bitcoin for a loss and bought Bitcoin at all time highs. He never sold Bitcoin to take profit, never had a stop loss and leveraged his Bitcoin dca accumulation by issuing debt with a check he ultimately can't cash. In the future this will prove to be a catastrophic example of how not to trade or invest. Everyone will be saying in hindsight they could have predicted such a collapse. Everyone who has traded Bitcoin the past 10 years knows it is a speculative risk asset. You buy the drop and sell the top. Eventually, this ponzi scheme greater fool theory implodes under it's own weight and gravity prevails.
BTC Future trajectory:
Sell Resistance = 100k
Hold Average = 63k
Buy Support = 23k
BTC Future trajectory:
Sell Resistance = 100k
Hold Average = 63k
Buy Support = 23k
Trade closed: target reached
Close MSTR short position at 339 while BTC was down at 93k. I think they'll be a bounce up tomorrow.
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
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