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Short Maestro
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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

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 Seems like a very good time to short right now... Most overleveraged shorts got wiped and now the chart is set for moderate to major correction. The very recent pump has no follow up volume, meaning this is not a clear trend of a bull run. It's more likely a bull trap. Even without trying to analyse all this data, logically speaking shorting is probably the move when we are at weekly high. Anyways, shorting BTC seems like the move. After that I will reverse to long. Just like how I gobbled up $$ from BTC 60k long. Just pick the winning team... Remember to do risk management and do NOT go high leverage as there is always some unexpected event that may or may not screw you up, regardless of your position. Oh, and $BNB somehow broke ATH. I was buying this coin slowly since $300, always recommended this coin but $700 feels a bit too high. A 11% pump for BNB is insane. The chart looks like some shitcoin that is about to get dumped. I am worried about the volatility. I am not going to sell though. #ShortMaestro
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$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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Since market is super dead, and I am bored I will make an informative post explaining the correlation of volume and market trend. Now is the best time to know this because of how low the overall volume is. Anyways the post will be up in a few hours. #ShortMaestro $BTC #MtGox
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$BTC Added more on my BTC short at 69033, leverage is still 5x and market is boring so this is all I can do. Also I tried shorting $NOT with like $500, I entered at 0.021 and 0.023, got hit by SL because of some omega pump, and then now it's dumping. It's now below my entry price. I was 3x and still it was too much leverage, I was getting +/- 5~10% ROI in minutes. $NOT is a typical example of a Wyoming Curve. Manipulator buys slowly, buying out every possible dip to keep the pump up, no correction, hype it to max and lure retail with FOMO. And then when their buying power is depleted, slowly start unloading, not all at once, and make profit. This generates great profit as the market does not notice it immediately and actually will keep up the pump themselves for a while.. Until they notice there is no magical buy volume that automatically gobbles up any dip in seconds. From there you got a slow dump, some red lasers in between due to panic sell. Since the whale (manipulator, bad guy) bought from the lowest price to the highest, their average is a lot lower than the current price, meaning they still make profit even if it dumps harder. Anyways it's a shitcoin, this is like a daily event. #ShortMaestro
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$BTC 24 hour low and 24 hour high is so close, market has almost no volume that we even get completely flat 1min candles. Many people are moving to altcoins because the top coins are almost dead. I guess this is what you call "altseason"? It's more like retail gamblers finding a new casino because BTC is not moving anymore, so don't expect massive gains. Altseason basically means high volatility and volume on shitcoins not because they actually have some good prospects but more like it's the alternative casino. Many people as retail will be millionaires but that million will be coming from other retails. You are probably not so lucky enough to be the very few millionaires. Also when there's enough gamblers whales will swoop in and crash the party, resulting in major loss due to manipulation. So take care!! #ShortMaestro
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