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MrRenev
20 מאי 2019 21:56

I started shorting BitconnectCoin שורט

(BTCUSD+BTCUSD+BTCUSD+XBTUSD.P+BTCUSD)/5Bitstamp

תיאור

I cannot tell where the top will be but it is likely to be in this area.

If this does not hold, then next will be 11500-13000.
And past that, 20000-25000.

If it makes it to 9700-9800 this bet could even be risk-free since this dumb ponzi drops 10% or more on every single resistance.

The way buyers have behaved - disbelief - hope - start getting excited - complete euphoria - and now complacent "100% confirmed bull market" * is in line with the top of this micro bull market being in the 8500-10000. The odds we run out of suckers soon are very high.

I expected every fool interested in this ponzi scheme that did not get trapped in the downtrend of 2018 to be patting themselves on the back and wait for "the bottom" to jump in asap and get trapped. Every one jumped in suddenly as the vertical price action has shown. And there is no one left to establish an actual trend.

They do not exactly make a great job of hiding it. Actually these future grilled steaks even flex, and give us all the information we need.

Kraken is looking for investors again. Bitconnect is re-opening, they call it Bitconnect 2.0. Very unlikely this is not the top.



The BARE minimum will be a 30% drop, and the higher we go, the bigger the price drop.



עסקה פעילה

Trade active. NOW, not 3 weeks ago when I typed and repeated "wait".

Dumb crypto clowns that fail to comprehend probabilities are going to get so rekt sooner or later. Kek.

הערה

This does not deserve a new idea.

Novices are still seing "short squeezes" everywhere...
They're really so bad at this...








These are actual short squeezes (short sellers are not able to cover):


הערה

Expecting BitconnectCoin to break and go up & fill my sell orders.
Target of the pennant is ~9500 which is where the next identified reversal area is.
Keeping my orders small till then. Well, got to check my notes from last week but I think I had every thing converging here. Will update if not the case.

הערה

Ways to disagree with the global consensus without much risk.

הערה

Uh

הערה

Entered this trade with a reward-to-risk ratio of 8.
A very tight stop.
Thanks to funding I already have a return of more than 10% on the initial risk and my stop loss has been pushed back by a significant amount.

If funding continues at this rate and price does not move, *10 longs will get liquidated in around 2 weeks.
And I will triple or more the money I risked :)

If the price goes up, I expect funding to get even better.

Very, very comfy here.

Not going to say it is impossible to lose, but I will say this:
Thank you bulls.

הערה

Zooming in I see potentially this.
Infinity repeating patterns |D

הערה

These infinity repeating patterns...

I profited of the obvious stop losses to get a tiny profit and a much better entry on my short.

Posted all on twitter.

I never know who are the idiots buying aggressively into supply area or setting their stop losses at obvious levels.
But I know they have been doing this for several hundred years so I do not expect it to stop anytime soon. Hallelujah.



Now let's see if it continues down. Whatever happens it was a good trade, 1/3 risk-free. Peace.

הערה

I am not asking for much, I just want a nice 30% and I will take profit.



Anyway, it seems unlikely we just go straight up now, and if things go well, in the case we do not go down, rekt longs pay shorts on Bitmex and I will get my entire risk refunded anyway?

Risk free short. It is not over, but looking good right now.

הערה

Lots of eager buyers. Re-short at 9750 if they keep coming.
Thanks for the money, I guess?

הפקודה בוטלה

We are done here. I took profit, let it go higher re-shorted, let it go higher again, and higher. I gave it plenty of space. But at some point I am DONE. I want it to go straight down eventually. /ff
I made some profit got back what I lost at 6k. It's something.

I wanted something like this:







Trade takes too long, not normal. Cancelled.

I made a new idea, actually it's pretty god if it keeps going up, more money to be made. And one immense crash at 20k would be beautiful:
תגובות
MrGabe
SHORT IT TO THE GROUND !!!!!!!
kardia
I think you are going to be disappointed.
Decrypt0
Those shorts you keep adding must be very expencive by now.
On other news, even a dumb clown can see that a correction has to happen now ,right?
MrRenev
@Decrypt0, That all you got?
Decrypt0
@MrRenev, hindsight is always 50/50. And i get nothing from provocation, which is what your goal seems to be. I even left a like on your chart so you can provide some genuine TA. You are entitled to your opinion, but considering that you have been wrong most of the time, you Will be right at some point, so maybe it goes to 10k then resumes downtrend. Maybe it makes a new ath at 23k...maybe u are wrong and it goes to moon?
MrRenev
@Decrypt0, No arguments so you got to make up lies ey?
deactivatedaccount123
These future grilled steaks
Oh my god I can’t even right now lmfao
MrGabe
zzzzzzzz



why do we get to wait so long for this ponzi to move

the price action of the last 12 months boils down to 30 minutes of pumps and dumps lol
MrRenev
@MrGabe, I don't mind, on bitmex funding is longs pay shorts, sentiment is still very bullish. Every one thinks the bull market is back 100% confirmed.






To me Bitcoin is just some boring chart that does nothing 6 months then pump and dump. I don't see how anyone are being active with it. There are 2-4 good trades a year and that's it. Mostly a buy & hold / sell & hold type of thing.

Goes straight up, straight down.





I just do not see much action, just a very trending buy & hold during bull markets that last years, or trading it during bear markets but even then there are not plenty of waves just buy or sell and hold.
supremetrejdr
I swear this is exactly what I drawn yesterday morning :D It's so obvious yet no one wants to see it haha
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