Short closed
I was bull when we were above the June 2021 low of $28805.
The idea of a bull market that could reach 100k was not invalidated at that point.
When a lower low than $28805 was hit I set shorts from $30-33k, but 33k was never hit. As that 33k short was 50% of my 10x leverage I was pretty safe but wanted a bigger position. Shorting at lower levels left me with an average sell of $27233.85.
I didn’t start to close the short until 21k, with progressively larger buys every
1K until 18k.
Now my short is finally closed, but I’m keeping my profit as BTC.
It’s all about accumulation, and bears are likely to get overconfident and over-leveraged in the high teens to such an extent that they get painfully squeezed.
I’ll be glad I’m not still shorting then.
The idea of a bull market that could reach 100k was not invalidated at that point.
When a lower low than $28805 was hit I set shorts from $30-33k, but 33k was never hit. As that 33k short was 50% of my 10x leverage I was pretty safe but wanted a bigger position. Shorting at lower levels left me with an average sell of $27233.85.
I didn’t start to close the short until 21k, with progressively larger buys every
1K until 18k. Now my short is finally closed, but I’m keeping my profit as BTC.
It’s all about accumulation, and bears are likely to get overconfident and over-leveraged in the high teens to such an extent that they get painfully squeezed.
I’ll be glad I’m not still shorting then.
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