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Short Maestro
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$BTC I was able to take profit of my short position (entry 69300) before the reversal, I am now waiting for another pump to get a short entry. Probably will be around 68700~69300. Going long here to snipe the quick correction could also be good, although the pump wouldn't be that significant. Even in the best case scenario, BTC has no liquidity over 71.5k, making this price zone almost impossible to break. So I will go long now (68500) with small margin, then short later after closing my long. If there is no hope of pump then I'll just close my long at a loss, then wait again to see what happens. UPDATE: My long position SL hit and I went short. I am holding it, my liquidation is so high I can just wait indefinitely anyways. Patience has always guaranteed profits #ShortMaestro

$BTC I was able to take profit of my short position (entry 69300) before the reversal, I am now waiting for another pump to get a short entry. Probably will be around 68700~69300. Going long here to snipe the quick correction could also be good, although the pump wouldn't be that significant.

Even in the best case scenario, BTC has no liquidity over 71.5k, making this price zone almost impossible to break. So I will go long now (68500) with small margin, then short later after closing my long.

If there is no hope of pump then I'll just close my long at a loss, then wait again to see what happens.

UPDATE: My long position SL hit and I went short. I am holding it, my liquidation is so high I can just wait indefinitely anyways. Patience has always guaranteed profits

#ShortMaestro

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I closed my $BTC short entirely, looking for a better entry again. Market will probably rebound before another dump. Or it could go to the moon, we'll have to see.

Anyways, since I am sitting in profit, and market just stagnated again I decided to exit. Gonna do some scalping with tiny funds in the meantime.

#ShortMaestro
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$BTC Follow up from short: When I posted this BTC 24 hour high was 71300. BTC has went up and down after this post, even seeing some huge flash dumps up to 70400. Now that most liquidations are cleared out, the trend has clarity. I am expecting a minor to moderate correction to 69.5k, 68.5k, and 66k. Any dump below 66k is probably unlikely, unless some disasterous event occurs, such as major ancient wallets being re activated. Like Mt. Gox. Anyways, I will probably start closing my short near 69k, bit by bit. Then I will reverse to long. A real pump was always preceded by a correction, which is just how market efficiency works. So without a correction I think going long now is way too risky. Again the volume is not sufficient enough to actually start a omega bull run. Even when major exchanges have less and less Bitcoin reserves (Supply), the fact that we still didn't reach ATH means market is not really true bullish yet. Also looking at how the entire market just pumped, this is probably a bubble. But as always overall trend for BTC, in the long term is always up. It is designed to be that way, but we are not going 100k this year or some ridiculously high price. And regarding $ETH , after all that ETF hype seems like this thing is not really pumping. ETH has failed to even break 4k, considering all the hype over it recently it is really underperforming. People cannot just buy and hold forever, the reason why people buy is to sell high. If everyone is holding, then no one makes profit. That's what you should keep in mind, unless you are holding to your deathbed everyone else is probably willing to sell after a decent pump. Just like you. Every investors have the same ultimate goal: Put USD, trade crypto, and get more USD. Not get more CRYPTO. All the millionaires who bought BTC at $1? Those guys sold. That's how they are rich now. #ShortMaestro
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$BTC Key support/resistance for Bitcoin: 68.5k, and 66.5k are the main support. 68.5k is likely to be broken in the next few days. However the real support is 66.5k. If this support is broken, there are massive long liquidations. Conversely, the resistance keypoint is 72k. From 70.5k to 72k, there are short liquidations stacked. However after 72k there is no more liquidity, meaning BTC needs to have real cash inflow to pump from here. It's likely that BTC will not exceed 72k if a major pump does happen. Overall liquidations favor shorts. In the 1 Day timeframe however, a lot of longs got wiped by the flash dump which occured a few hours ago, sending BTC from 70k to 68.6k. Since daily market volume is very low, it is unclear how the intraday market trend will play out. The reason for low volume is probably due to many uncertainities that can adversely affect the market. Most prominent examples are: Mt. Gox potential sell off, and US elections. If Mt. Gox does have to unload their BTC holdings to pay their debtors, their 200k BTC holding will be free. That's a LOT of supply. And since the market has operated as if this 200k did not exist the last 5 years, it will be absolutely shocking. Even if they don't unload, the potential threat of the slight possibility that they might actually do it is enough to hold back the market. Which is why everyone is holding their cards, and market has no volume. To be honest, most of these price fluctuations we've seen the last week is just margin of error. #ShortMaestro #MtGox
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