Hey everyone, how's it going? YoungShkreli here
I was going to wait until tomorrow, but I figured I'd give you guys an early Christmas present since some gentleman was asking my thoughts earlier.
We are doing really well in this trade since Bitcoin has fallen about $1,000 dollars since we first went short. At the moment, those who listened to me (I listened to me and it's going great) are doing well at the moment. We bears are up about 12% USD and 24% BTC (THIS IS HOW YOU GET BITCOIN RICH). As you can see, I've lowered our stop for this trade to: $7,800. However, if you want to play it ultra-conservative and lock in as much profit as possible while still playing the game, you could lower your stop to $7,700.
I was expecting a huge sell off in the past 24 hours. We've dropped about $1,000 dollars in five days and while, yes that is good for us, this really should be an absolute slaughter. I was expecting the bulls to need brown pants and so far, they are still in their white pants.
This tells me one of two things: 1) we could have a pullback soon or 2) today or tomorrow we will see the volume I'm looking for that takes us to our first target of $7,000.
I also want to point out the RSI isn't being cheeky and isn't holding that trend line which is good news for us. I don't really see any good support until around $6,900-$7,000 so that is still my target, but I've been wrong before (just not on TradingView ;) ).
In summary, if we don't see a large sell off today, I might reduce my position because I am short a small country's GDP, but we will just have to wait and see. Congratulations to everyone who has been short with me since $8,200. This is how you get rich guys. You grow your bitcoin stack in the bear market, and your bitcoin stack will grow your USD stack in the bull market, and then after that your USD stack grows the wait-line stack to your house a la Vito Corleone. This wait-line stack will then grow your e-pe**s so that you are all-powerful online and a deity.
If I helped you or you liked my post, please like my work and follow me. It will help both of us in the future ( I can only do the big boy stuff which will help you when I'm on the top list ).
Thanks everyone,
-YoungShkreli
I was going to wait until tomorrow, but I figured I'd give you guys an early Christmas present since some gentleman was asking my thoughts earlier.
We are doing really well in this trade since Bitcoin has fallen about $1,000 dollars since we first went short. At the moment, those who listened to me (I listened to me and it's going great) are doing well at the moment. We bears are up about 12% USD and 24% BTC (THIS IS HOW YOU GET BITCOIN RICH). As you can see, I've lowered our stop for this trade to: $7,800. However, if you want to play it ultra-conservative and lock in as much profit as possible while still playing the game, you could lower your stop to $7,700.
I was expecting a huge sell off in the past 24 hours. We've dropped about $1,000 dollars in five days and while, yes that is good for us, this really should be an absolute slaughter. I was expecting the bulls to need brown pants and so far, they are still in their white pants.
This tells me one of two things: 1) we could have a pullback soon or 2) today or tomorrow we will see the volume I'm looking for that takes us to our first target of $7,000.
I also want to point out the RSI isn't being cheeky and isn't holding that trend line which is good news for us. I don't really see any good support until around $6,900-$7,000 so that is still my target, but I've been wrong before (just not on TradingView ;) ).
In summary, if we don't see a large sell off today, I might reduce my position because I am short a small country's GDP, but we will just have to wait and see. Congratulations to everyone who has been short with me since $8,200. This is how you get rich guys. You grow your bitcoin stack in the bear market, and your bitcoin stack will grow your USD stack in the bull market, and then after that your USD stack grows the wait-line stack to your house a la Vito Corleone. This wait-line stack will then grow your e-pe**s so that you are all-powerful online and a deity.
If I helped you or you liked my post, please like my work and follow me. It will help both of us in the future ( I can only do the big boy stuff which will help you when I'm on the top list ).
Thanks everyone,
-YoungShkreli
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.