LIVEShort Maestro
@Japanese_Goblin
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I run a group for live discussions and updates. It's a closed community, serious business only. No cost from you, just contribution to productive discussion required.
Add on @ ShortMaestro on Blue Paper Plane app for contact. (Guess what the app is, the guidelines here are dumb) You may get rejected if your IQ is low.
English is necessary. No trolls allowed. I forgot to make this post after it got deleted last time. Though some of my followers would be interested. Everyone that already joined are long time followers.
#ShortMaestro
Add on @ ShortMaestro on Blue Paper Plane app for contact. (Guess what the app is, the guidelines here are dumb) You may get rejected if your IQ is low.
English is necessary. No trolls allowed. I forgot to make this post after it got deleted last time. Though some of my followers would be interested. Everyone that already joined are long time followers.
#ShortMaestro
Short Maestro here with update on this amazing market
Everyone can see what's going on, red lasers everywhere. I am making massive profits, hopefully my follwers are doing the same too.
Anyways, what now? Going short here is a lot riskier than before. After a major dump, a rebound is almost guaranteed. Even in the worst dumps, it was always a zigzag, not a straight line to rock bottom. Such as the 2021 dump.
Therefore, lowering risk even more such as develeraging or reducing margin is recommended if you want to short here. And set some methods of locking profits such as trailing stop.
There is a high chance of a green laser that will be temporary, but enough to liquidate a lot of shorts. Don't get wiped as a short in this red market. Overpushing it will result in total loss even when the opportunity is literally handed over to you.
#ShortMaestro
Everyone can see what's going on, red lasers everywhere. I am making massive profits, hopefully my follwers are doing the same too.
Anyways, what now? Going short here is a lot riskier than before. After a major dump, a rebound is almost guaranteed. Even in the worst dumps, it was always a zigzag, not a straight line to rock bottom. Such as the 2021 dump.
Therefore, lowering risk even more such as develeraging or reducing margin is recommended if you want to short here. And set some methods of locking profits such as trailing stop.
There is a high chance of a green laser that will be temporary, but enough to liquidate a lot of shorts. Don't get wiped as a short in this red market. Overpushing it will result in total loss even when the opportunity is literally handed over to you.
#ShortMaestro
LIVEShort Maestro
--
Bearish
$BTC and $ETH going down again after a predictable rebound. Yet $SOL is still holding on due to ETF hype.
This is a really good short opportunity. Current price is 153, I've been shorting at 3x for days. Average entry price is now 149.
As we have observed from Ethereum ETF, this is all sell the news. Especially if it's Solana. Not only is the approval not even guaranteed, even if it does there is very little chance of a major pump.
Solana ETF really feels like a stretch. I have always been negative about Solana, been shorting it forever making money, and this time the hype is back.
Just don't go too high leverage because we can't tell when the hype will end. But surely this price level will be broken down eventually, possibly to 120.
#ShortMaestro
This is a really good short opportunity. Current price is 153, I've been shorting at 3x for days. Average entry price is now 149.
As we have observed from Ethereum ETF, this is all sell the news. Especially if it's Solana. Not only is the approval not even guaranteed, even if it does there is very little chance of a major pump.
Solana ETF really feels like a stretch. I have always been negative about Solana, been shorting it forever making money, and this time the hype is back.
Just don't go too high leverage because we can't tell when the hype will end. But surely this price level will be broken down eventually, possibly to 120.
#ShortMaestro
#MarketSentimentToday
Uh oh! The delusional retail buyers are now crying and shaking. They have paid the price for their decisions. The price is high, probably
Don't blame some "Manipulation" "Whale movement", that was all part of the game. Also, what is actually being manipulated? Selling=Manipulation? Everyone has the right to sell. If you call that manipulation then maybe you are the issue.
And if you knew some coins were manipulated, still bought it and now is at a massive loss, that's totally on you. Why did you buy it despite knowing your fate is on someone's hands? Is that like your thing? Or it is stupidity?
Consequences, they hit really hard when the time comes. You wanted free money and bought things that you don't even know what it does, and you lost money. Poetic justice, no?
I believe it is fair that people who actually did research and took their time in their investments make money.
Speaking of investments, $SOL dumped hard after ETF hype, but it's still 600% up in 1 Year. I think this is still.. overpriced. A price range of somewhere in $10 would be optimal IMO. Or idk, maybe $5. Yeah, $5 is good.
#ShortMaestro
Uh oh! The delusional retail buyers are now crying and shaking. They have paid the price for their decisions. The price is high, probably
Don't blame some "Manipulation" "Whale movement", that was all part of the game. Also, what is actually being manipulated? Selling=Manipulation? Everyone has the right to sell. If you call that manipulation then maybe you are the issue.
And if you knew some coins were manipulated, still bought it and now is at a massive loss, that's totally on you. Why did you buy it despite knowing your fate is on someone's hands? Is that like your thing? Or it is stupidity?
Consequences, they hit really hard when the time comes. You wanted free money and bought things that you don't even know what it does, and you lost money. Poetic justice, no?
I believe it is fair that people who actually did research and took their time in their investments make money.
Speaking of investments, $SOL dumped hard after ETF hype, but it's still 600% up in 1 Year. I think this is still.. overpriced. A price range of somewhere in $10 would be optimal IMO. Or idk, maybe $5. Yeah, $5 is good.
#ShortMaestro
Biggest mistake Futures traders make leads to 95% of retail traders at a loss.
This mistake is forcing an opportunity. You see all this talk about how Futures is bad, you lose everything... which is actually true for most people but not for everyone.
Why they lose money? No.1 reason is they try to dig up an opportunity, not catch one. You are retail, not the market makers or whales. You follow what they do, and try to ride along in the sidelines.
Digging up an opportunity when it's not there at all is digging up your own grave. Always trade when it's the right time.
Spend most of your time on researching and figuring out your entry. Opening the position is 99% of the work. The other 1% is waiting knowing that you will eventually make profit after all the brain power you used.
If you are the guy who looks at their position every minute, anxious about your negative PNL and further loss, it's because even you have no clue how this position will even be profitable. If you do enough thinking, you should be confident to know that it will eventually be profitable.
This is probably something very obvious yet no one does. It's also the reason why I can profit. Irrational, emotional and uneducated traders donate money to me. Don't be the guy donating, be on the receiving end.
#ShortMaestro
This mistake is forcing an opportunity. You see all this talk about how Futures is bad, you lose everything... which is actually true for most people but not for everyone.
Why they lose money? No.1 reason is they try to dig up an opportunity, not catch one. You are retail, not the market makers or whales. You follow what they do, and try to ride along in the sidelines.
Digging up an opportunity when it's not there at all is digging up your own grave. Always trade when it's the right time.
Spend most of your time on researching and figuring out your entry. Opening the position is 99% of the work. The other 1% is waiting knowing that you will eventually make profit after all the brain power you used.
If you are the guy who looks at their position every minute, anxious about your negative PNL and further loss, it's because even you have no clue how this position will even be profitable. If you do enough thinking, you should be confident to know that it will eventually be profitable.
This is probably something very obvious yet no one does. It's also the reason why I can profit. Irrational, emotional and uneducated traders donate money to me. Don't be the guy donating, be on the receiving end.
#ShortMaestro
What's up Short Maestro here
As always I am winning with this amazing dump
Hopefully all short enjoyers made big gains here..
Literally predicted this like idk, ages ago and this dump wasn't even that much of a surprise too. On my group I called it "Free money" because of how obvious it is.
Anyways red lasers are good and they just keep coming. Peace
#ShortMaestro $BTC $SOL
As always I am winning with this amazing dump
Hopefully all short enjoyers made big gains here..
Literally predicted this like idk, ages ago and this dump wasn't even that much of a surprise too. On my group I called it "Free money" because of how obvious it is.
Anyways red lasers are good and they just keep coming. Peace
#ShortMaestro $BTC $SOL
LIVEShort Maestro
--
Bearish
$BTC and $ETH going down again after a predictable rebound. Yet $SOL is still holding on due to ETF hype.
This is a really good short opportunity. Current price is 153, I've been shorting at 3x for days. Average entry price is now 149.
As we have observed from Ethereum ETF, this is all sell the news. Especially if it's Solana. Not only is the approval not even guaranteed, even if it does there is very little chance of a major pump.
Solana ETF really feels like a stretch. I have always been negative about Solana, been shorting it forever making money, and this time the hype is back.
Just don't go too high leverage because we can't tell when the hype will end. But surely this price level will be broken down eventually, possibly to 120.
#ShortMaestro
This is a really good short opportunity. Current price is 153, I've been shorting at 3x for days. Average entry price is now 149.
As we have observed from Ethereum ETF, this is all sell the news. Especially if it's Solana. Not only is the approval not even guaranteed, even if it does there is very little chance of a major pump.
Solana ETF really feels like a stretch. I have always been negative about Solana, been shorting it forever making money, and this time the hype is back.
Just don't go too high leverage because we can't tell when the hype will end. But surely this price level will be broken down eventually, possibly to 120.
#ShortMaestro
$BTC and $ETH going down again after a predictable rebound. Yet $SOL is still holding on due to ETF hype.
This is a really good short opportunity. Current price is 153, I've been shorting at 3x for days. Average entry price is now 149.
As we have observed from Ethereum ETF, this is all sell the news. Especially if it's Solana. Not only is the approval not even guaranteed, even if it does there is very little chance of a major pump.
Solana ETF really feels like a stretch. I have always been negative about Solana, been shorting it forever making money, and this time the hype is back.
Just don't go too high leverage because we can't tell when the hype will end. But surely this price level will be broken down eventually, possibly to 120.
#ShortMaestro
This is a really good short opportunity. Current price is 153, I've been shorting at 3x for days. Average entry price is now 149.
As we have observed from Ethereum ETF, this is all sell the news. Especially if it's Solana. Not only is the approval not even guaranteed, even if it does there is very little chance of a major pump.
Solana ETF really feels like a stretch. I have always been negative about Solana, been shorting it forever making money, and this time the hype is back.
Just don't go too high leverage because we can't tell when the hype will end. But surely this price level will be broken down eventually, possibly to 120.
#ShortMaestro
What's up Short Maestro here some nice profits on SOL short. It zigzaged a bit but eventually dumped.
It is still higher than the pre ETF news price, and SOL was going downhill before that anyways, therefore I expect slow bleed.
Market is boring today, but it seems like shorting shitcoins is not a good idea. Usually shitcoins are not suggested at all but some of you will and I do myself too for fun. However today's shitcoin market looks like a sideways pump.
But BTC and ETH are just slowly dumping, BTC is about to break 60k and go to 59k soon with ease. There seems to be no support, a slow decline is a real dump. Zigzag that forms a decline. That is the current market ATM.
Meaning plenty of scalping opportunities to snipe the zigzag, so going long quick and then shorting, reverse to long, repeat...this would ideally generate money until you mess it up and lose everything.
#ShortMaestro
It is still higher than the pre ETF news price, and SOL was going downhill before that anyways, therefore I expect slow bleed.
Market is boring today, but it seems like shorting shitcoins is not a good idea. Usually shitcoins are not suggested at all but some of you will and I do myself too for fun. However today's shitcoin market looks like a sideways pump.
But BTC and ETH are just slowly dumping, BTC is about to break 60k and go to 59k soon with ease. There seems to be no support, a slow decline is a real dump. Zigzag that forms a decline. That is the current market ATM.
Meaning plenty of scalping opportunities to snipe the zigzag, so going long quick and then shorting, reverse to long, repeat...this would ideally generate money until you mess it up and lose everything.
#ShortMaestro
LIVEShort Maestro
--
Bearish
So apparently $SOL ETF has been requested, and it pumped briefly.
We all know what happened to $ETH after ETF, it dumped.
Especially Solana, even assuming it does get approved, I doubt many traditional investors will put their money on... the platform that runs all the useless memecoins and.. celeb coins, even Donald Trump and Andrew Tate coin.
So full shorting it now SL is 161.33 just incase it hypes up even more. BTC is still stuck at 61.5k so this is 99% a bubble.
#ShortMaestro
We all know what happened to $ETH after ETF, it dumped.
Especially Solana, even assuming it does get approved, I doubt many traditional investors will put their money on... the platform that runs all the useless memecoins and.. celeb coins, even Donald Trump and Andrew Tate coin.
So full shorting it now SL is 161.33 just incase it hypes up even more. BTC is still stuck at 61.5k so this is 99% a bubble.
#ShortMaestro
Did you know? Investing is making more money with money. It's very simple. Insert $$, more $$ comes out.
But many people don't seem to know this. They do the opposite. That is called donation or getting scammed.
#ShortMaestro
But many people don't seem to know this. They do the opposite. That is called donation or getting scammed.
#ShortMaestro
$ETH absolutely over pumped, we are in a pump-dump cycle which will lead to an eventual decline.
Today is the pump and ETH overextended. Now is good time to short. Near 3480 entry.
Solana is still a good option after today's pump due to ETF news. This is hype, ETH ETF was also a hype and Solana has no chance.
Bitcoin is always a good short, but the profits are low. After Bitcoin ETF, price is really stagnating. Terrible for retail day traders. No one wins in this market. Except institutions that pushed ETFs. Need volatility to make a trade, long or short.
#ShortMaestro
Today is the pump and ETH overextended. Now is good time to short. Near 3480 entry.
Solana is still a good option after today's pump due to ETF news. This is hype, ETH ETF was also a hype and Solana has no chance.
Bitcoin is always a good short, but the profits are low. After Bitcoin ETF, price is really stagnating. Terrible for retail day traders. No one wins in this market. Except institutions that pushed ETFs. Need volatility to make a trade, long or short.
#ShortMaestro
So apparently $SOL ETF has been requested, and it pumped briefly.
We all know what happened to $ETH after ETF, it dumped.
Especially Solana, even assuming it does get approved, I doubt many traditional investors will put their money on... the platform that runs all the useless memecoins and.. celeb coins, even Donald Trump and Andrew Tate coin.
So full shorting it now SL is 161.33 just incase it hypes up even more. BTC is still stuck at 61.5k so this is 99% a bubble.
#ShortMaestro
We all know what happened to $ETH after ETF, it dumped.
Especially Solana, even assuming it does get approved, I doubt many traditional investors will put their money on... the platform that runs all the useless memecoins and.. celeb coins, even Donald Trump and Andrew Tate coin.
So full shorting it now SL is 161.33 just incase it hypes up even more. BTC is still stuck at 61.5k so this is 99% a bubble.
#ShortMaestro
Market Update
Sorry for no update, I have adopted a kitten. I was very busy. I couldn't even trade at all. I just took some time reading the market the last few hours while the kitten is sleeping.
So basic summary: Rebound after omega dump was not that big. Definitely not a pump. Market trend is still bearish, will be so for months.
What can we do here to make profits: Obviously shorting but with low leverage. Bitcoin could go -20% in 3 months but the process can be totally random. It is unpredictable, therefore reduce risk to a point where you are invincible from fluctuations.
Also, if you trade every day then this could be a scalping opportunity, there will be dump/rebound cycle very frequently. If you play it right you can accumulate small % gains multiple times even within a day. A 5% profit every day is insane when it adds up.
That's it stop gambling and you win. You get liquidated in this market you are not a trader. Bye!
#ShortMaestro
Sorry for no update, I have adopted a kitten. I was very busy. I couldn't even trade at all. I just took some time reading the market the last few hours while the kitten is sleeping.
So basic summary: Rebound after omega dump was not that big. Definitely not a pump. Market trend is still bearish, will be so for months.
What can we do here to make profits: Obviously shorting but with low leverage. Bitcoin could go -20% in 3 months but the process can be totally random. It is unpredictable, therefore reduce risk to a point where you are invincible from fluctuations.
Also, if you trade every day then this could be a scalping opportunity, there will be dump/rebound cycle very frequently. If you play it right you can accumulate small % gains multiple times even within a day. A 5% profit every day is insane when it adds up.
That's it stop gambling and you win. You get liquidated in this market you are not a trader. Bye!
#ShortMaestro
1. Always assume you are the unluckiest person in the world. Do not rely on luck. Assume the worst. If you are lucky then you get more profit. That's it.
2. Most time spent on trading should be at finding a best position entry. So many people hold their bad trades for months even years, yet when they open their position it took them less than an hour.
3. Do not be optimistic that your trade, which is already going wrong, will magically turn out to be better. Unless you did enough research on your position, related to No. 2, you actually don't have any logical reason. Pessimism is not a bad thing in crypto. Rather, it's way better than optimism.
4. Never risk more than a certain threshold. Risk-reward should be considered but the risk threshold should be top priority.
5. Liquidation is not an option. It is not supposed to happen. Do not assume the possibility of liquidation, if it looks possible then your trade is wrong. Use the millions of risk management methods out there and don't do risky trades to begin with. If you are liquidated, that is 100% your fault.
#ShortMaestro
2. Most time spent on trading should be at finding a best position entry. So many people hold their bad trades for months even years, yet when they open their position it took them less than an hour.
3. Do not be optimistic that your trade, which is already going wrong, will magically turn out to be better. Unless you did enough research on your position, related to No. 2, you actually don't have any logical reason. Pessimism is not a bad thing in crypto. Rather, it's way better than optimism.
4. Never risk more than a certain threshold. Risk-reward should be considered but the risk threshold should be top priority.
5. Liquidation is not an option. It is not supposed to happen. Do not assume the possibility of liquidation, if it looks possible then your trade is wrong. Use the millions of risk management methods out there and don't do risky trades to begin with. If you are liquidated, that is 100% your fault.
#ShortMaestro
How to predict market with Binance Square
"Top experts/legendary trader/some random guy with high profile says crypto will pump so much.. blah blah" << dump incoming
"Everyone posting about meme coins and shitcoins, how it will go 100x" << dump incoming
"Buy this shitcoin you will regret it later..." << dump
"Why (Insert random timeframe) will be the biggest bullrun ever (Insert random reason, preferably fake news or some coincidental events)" << dump
"US dollar is losing dominance, something about BRICS, some random country adopting bitcoin news" << dump
"Rich dad poor dad author Robert Kiyosaki says BTC go to 350k" << 100% dump
"Market is dumping but HODL and never sell!!!!" << Further dump
"This market is all manipulated, whales control everything, I am quitting, I got liquidated etc" << also dump but rebound incoming soon
"This is a fake dump, buy the dip, it's discount price not a dump" << It is not the dip
Some post explaining why the market dumped after it dumped << They have no idea. Market will stagnate
Everyone crying and panicking during a massive dump << Bear market is almost at the end
All the bulls stop posting, give up, everyone is silent because they are rekt << Rebound incoming
After BTC bear market, and everyone is saying bitcoin cannot pump at all, "bitcoin to 30k" doomsday cultists show up << Bitcoin goes to moon
#ShortMaestro
"Top experts/legendary trader/some random guy with high profile says crypto will pump so much.. blah blah" << dump incoming
"Everyone posting about meme coins and shitcoins, how it will go 100x" << dump incoming
"Buy this shitcoin you will regret it later..." << dump
"Why (Insert random timeframe) will be the biggest bullrun ever (Insert random reason, preferably fake news or some coincidental events)" << dump
"US dollar is losing dominance, something about BRICS, some random country adopting bitcoin news" << dump
"Rich dad poor dad author Robert Kiyosaki says BTC go to 350k" << 100% dump
"Market is dumping but HODL and never sell!!!!" << Further dump
"This market is all manipulated, whales control everything, I am quitting, I got liquidated etc" << also dump but rebound incoming soon
"This is a fake dump, buy the dip, it's discount price not a dump" << It is not the dip
Some post explaining why the market dumped after it dumped << They have no idea. Market will stagnate
Everyone crying and panicking during a massive dump << Bear market is almost at the end
All the bulls stop posting, give up, everyone is silent because they are rekt << Rebound incoming
After BTC bear market, and everyone is saying bitcoin cannot pump at all, "bitcoin to 30k" doomsday cultists show up << Bitcoin goes to moon
#ShortMaestro
#MarketSentimentToday $BTC likely to do some short squeeze after massive dump yesterday. I already closed my shorts in profit multiple times, re opened yesterday after develerage so I could sleep..
Now I am opening a long, with a short at the same time. Long position is 3:1 size to short. This way I should be able to hedge and profit the short squeeze. Short Squeeze is likely to end around 62k IMO.
#ShortMaestro
Now I am opening a long, with a short at the same time. Long position is 3:1 size to short. This way I should be able to hedge and profit the short squeeze. Short Squeeze is likely to end around 62k IMO.
#ShortMaestro
All short enjoyers
I am guessing everyone is making great profits the last few days... but keep in mind:
1. A trend is different from short term volatility. A rebound or zigzags are common and should be considered 100% possible even if overall trend is down.
2. Do not increase leverage as you are making fat gains. Adding more to position is somewhat OK but using the unrealized PNL to add more is risky. But never EVER increase leverage while having a trade open, and THEN adding margin that you got by upping leverage. This is going to impact your liquidation levels significantly.
3. Don't be greedy and just keep taking profits. Use all the tools available such as the different order types to lock in profits.
That's it I hope for another red laser and massive gainz for shorts.
#ShortMaestro
I am guessing everyone is making great profits the last few days... but keep in mind:
1. A trend is different from short term volatility. A rebound or zigzags are common and should be considered 100% possible even if overall trend is down.
2. Do not increase leverage as you are making fat gains. Adding more to position is somewhat OK but using the unrealized PNL to add more is risky. But never EVER increase leverage while having a trade open, and THEN adding margin that you got by upping leverage. This is going to impact your liquidation levels significantly.
3. Don't be greedy and just keep taking profits. Use all the tools available such as the different order types to lock in profits.
That's it I hope for another red laser and massive gainz for shorts.
#ShortMaestro
Lmao look at the holders and longs suffering. Unfortunately, or fortunately for me your suffering is profit.
So wail more, lost souls! Until the end.
#ShortMaestro
So wail more, lost souls! Until the end.
#ShortMaestro
Why "Oversell" Is Not Real On Crypto
Hello Short Maestro yapping session time. Today I will be explaining why the term "Oversell", often used on any market such as stocks, real estate, etc.. does NOT apply on Cryptocurrency markets.
"What is this guy talking about"? You are thinking. But let me explain. Trust me it makes sense if you read everything. This is important, a lot of people do not understand and lose money. It is the truth, a fact that traders intentionally ignore to cope with their losses.
So to start: What is "Oversell"? On dictionary, it means you sell more than you actually have. Such as airliners selling more seats than they really have. On crypto, it means there's more selling than an ideal, efficient market. Also known as "Undervalued". An undervalued asset implies that the real value, or the value that an efficient market recognizes as fair price, is higher than the current price. Usually caused by irrational events.
Example: Stocks going way below their fair price because of a bad economy, everyonoe panic sells but the intrinsic value of the company is the same. When economic crisis is resolved, the stock pumps back because.. the company itself had no issues.
Or someone sells multiple housings at a very cheap price, because they need liquidity immediately. The conditions of these housings are the same, the intrinsic value also the same, yet they were sold at a lower price.
Notice how both examples involve assets with intrinsic value. This is the key point. 99% of crypto does not have any value. This is not an opinion. The fact that the top trending coins are memecoins prove this. They literally don't do anything.
Not only the memecoins, most altcoins are also useless. Nearly every retail trader who buys these "shitcoins" don't even read what it actually does. How many people have actually read the Bitcoin Whitepaper for example? It's like 9 pages. Takes 10 minutes to read. A summary of Bitcoin, written by the legendary Satoshi Nakamoto himself. It's basically a "I made this new thing, it's cool and useful, check it out, here's a brief explanation of what it does".
But I can bet that even the traders who bought so much Bitcoin with their entire life savings didn't read it. They don't care. And we are talking about Bitcoin, the biggest crypto in the world. Imagine what's going on with shitcoin buyers.
If you feel like this is you, then you shouldn't be trading. Just keep collecting wage. At least that is guaranteed profit. Save money on bank. Trading is not for you.
Anyways, the point is, "Oversold" means "Undervalued", which implies that the current price is lower than the intrinsic value. But since all the shitcoins have uuh, like 0 value, "Oversold" is not a thing. As soon as every shitcoin is launched, the moment it is sold to the public, it is overbought. There is no oversell. A pump is not guaranteed and is purely due to manipulation or gambling.
Look from a more relatable perspective: What is the motive for buying crypto? Why are you really buying all these shitcoins? You know for yourself right? You bought it. Answer? Speculation. Buy low sell high. Meaning... The coin doesn't really have to pump continuously, for a trader to profit. They just have to sell higher than their buy price.
Do you get what I am talking about now? I hope you do. So it is no surprise that a coin could go -99%. It is not manipulation. In reality, the coin doesn't even have to actually exist. The entire purpose is all speculation and gambling. Everyone just wants a platform to bet on, and the coin acts as a placeholder to justify the gamble as an investment.
"What is this guy talking about"? You are thinking. But let me explain. Trust me it makes sense if you read everything. This is important, a lot of people do not understand and lose money. It is the truth, a fact that traders intentionally ignore to cope with their losses.
So to start: What is "Oversell"? On dictionary, it means you sell more than you actually have. Such as airliners selling more seats than they really have. On crypto, it means there's more selling than an ideal, efficient market. Also known as "Undervalued". An undervalued asset implies that the real value, or the value that an efficient market recognizes as fair price, is higher than the current price. Usually caused by irrational events.
Example: Stocks going way below their fair price because of a bad economy, everyonoe panic sells but the intrinsic value of the company is the same. When economic crisis is resolved, the stock pumps back because.. the company itself had no issues.
Or someone sells multiple housings at a very cheap price, because they need liquidity immediately. The conditions of these housings are the same, the intrinsic value also the same, yet they were sold at a lower price.
Notice how both examples involve assets with intrinsic value. This is the key point. 99% of crypto does not have any value. This is not an opinion. The fact that the top trending coins are memecoins prove this. They literally don't do anything.
Not only the memecoins, most altcoins are also useless. Nearly every retail trader who buys these "shitcoins" don't even read what it actually does. How many people have actually read the Bitcoin Whitepaper for example? It's like 9 pages. Takes 10 minutes to read. A summary of Bitcoin, written by the legendary Satoshi Nakamoto himself. It's basically a "I made this new thing, it's cool and useful, check it out, here's a brief explanation of what it does".
But I can bet that even the traders who bought so much Bitcoin with their entire life savings didn't read it. They don't care. And we are talking about Bitcoin, the biggest crypto in the world. Imagine what's going on with shitcoin buyers.
If you feel like this is you, then you shouldn't be trading. Just keep collecting wage. At least that is guaranteed profit. Save money on bank. Trading is not for you.
Anyways, the point is, "Oversold" means "Undervalued", which implies that the current price is lower than the intrinsic value. But since all the shitcoins have uuh, like 0 value, "Oversold" is not a thing. As soon as every shitcoin is launched, the moment it is sold to the public, it is overbought. There is no oversell. A pump is not guaranteed and is purely due to manipulation or gambling.
Look from a more relatable perspective: What is the motive for buying crypto? Why are you really buying all these shitcoins? You know for yourself right? You bought it. Answer? Speculation. Buy low sell high. Meaning... The coin doesn't really have to pump continuously, for a trader to profit. They just have to sell higher than their buy price.
Do you get what I am talking about now? I hope you do. So it is no surprise that a coin could go -99%. It is not manipulation. In reality, the coin doesn't even have to actually exist. The entire purpose is all speculation and gambling. Everyone just wants a platform to bet on, and the coin acts as a placeholder to justify the gamble as an investment.
"Buy the dip" is such a lie. Let's say there are 2 traders, Trader A and B.
A thinks the dump is not going to last and "Buys the dip". A was holding X coin, and they bought at a price significantly higher than the current price.
B is also in the same situation. He bought X coin near the peak, and is holding in hopes of a pump. His goal now is to minimize losses at this point.
As soon as A buys the dip, B will sell at a higher price to escape with reduced loss. Now A has even more X coin and is still in heavy loss. A needs a new trader, C, who will also "Buy the dip" and then A can sell...
You see, "Everyone don't panic and hold", "Buy the dip" << these are all lies.
These holders convince other holders that they are on the same team, act as some kind of united community but everyone is waiting to profit and exit at the cost of other community member's loss.
Do not be fooled.
#ShortMaestro
A thinks the dump is not going to last and "Buys the dip". A was holding X coin, and they bought at a price significantly higher than the current price.
B is also in the same situation. He bought X coin near the peak, and is holding in hopes of a pump. His goal now is to minimize losses at this point.
As soon as A buys the dip, B will sell at a higher price to escape with reduced loss. Now A has even more X coin and is still in heavy loss. A needs a new trader, C, who will also "Buy the dip" and then A can sell...
You see, "Everyone don't panic and hold", "Buy the dip" << these are all lies.
These holders convince other holders that they are on the same team, act as some kind of united community but everyone is waiting to profit and exit at the cost of other community member's loss.
Do not be fooled.
#ShortMaestro
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