I have closed all futures trades in my $1M to $10M challenge
A few days ago I opened 7 risky trades aimed at the potential growth of Bitcoin. I risked to lose $100,000-$200,000 in the case of a Bitcoin correction....
But the market followed my prediction. Bitcoin reached the $57,000 mark for the first time since December 2021.
So why did I close all of my trades then?
With Bitcoin's impulse above ~54k, I expected to make +$30,000-$40,000 profit from my 7 trades.
However, altcoins did not produce such explosive growth and my profit was only ~$3.500
Besides that, another factor confuses me.
❗️PEPE meme-coin has grown by more than 50% within a day.
In Trading Club, we gave a signal to buy PEPE in crypto portfolio and since then the coin has made >100% profit.
Yes, I don't like this strong growth as other alt-coins are stagnant. Often, similar meme-coins start to rise before a Bitcoin correction. This indicates a possible Bitcoin correction.
Therefore, to avoid big losses I closed all futures trades with a profit of +$3.500.
What is the next plan?
I will continue to increase my spot portfolio, which I have added a few new coins to:
1INCH target: $0.67, $0.90 and $1.11
SEI target: $1.39, $1.88, $3.96.
TON target: $2.2, $2.63, $3, $4, $6-8
BLUR target: $1+
And in anticipation of a correction, I set limit orders with 25 BTC volume on Bitcoin's crash.
As it stands, the total return for my challenge is +$37,000.
There are many opportunities waiting for us in the near future. Read every post so you don't miss anything.
Profits to everyone 💸
A few days ago I opened 7 risky trades aimed at the potential growth of Bitcoin. I risked to lose $100,000-$200,000 in the case of a Bitcoin correction....
But the market followed my prediction. Bitcoin reached the $57,000 mark for the first time since December 2021.
So why did I close all of my trades then?
With Bitcoin's impulse above ~54k, I expected to make +$30,000-$40,000 profit from my 7 trades.
However, altcoins did not produce such explosive growth and my profit was only ~$3.500
Besides that, another factor confuses me.
❗️PEPE meme-coin has grown by more than 50% within a day.
In Trading Club, we gave a signal to buy PEPE in crypto portfolio and since then the coin has made >100% profit.
Yes, I don't like this strong growth as other alt-coins are stagnant. Often, similar meme-coins start to rise before a Bitcoin correction. This indicates a possible Bitcoin correction.
Therefore, to avoid big losses I closed all futures trades with a profit of +$3.500.
What is the next plan?
I will continue to increase my spot portfolio, which I have added a few new coins to:
1INCH target: $0.67, $0.90 and $1.11
SEI target: $1.39, $1.88, $3.96.
TON target: $2.2, $2.63, $3, $4, $6-8
BLUR target: $1+
And in anticipation of a correction, I set limit orders with 25 BTC volume on Bitcoin's crash.
As it stands, the total return for my challenge is +$37,000.
There are many opportunities waiting for us in the near future. Read every post so you don't miss anything.
Profits to everyone 💸
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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