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
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
$SOL is the best coin to short right now. I have already entered a 9x short. Which is very high leverage than usual but considering everything I think the risk is not so big and the potential profits are huge.
I am already in mega profit since 136 but I think this dump will still go on. Even at a rebound, SOL short squeeze cannot exceed 136~138 range without additional cash inflow.
And since there is no inflow anywhere on all types of investments at the moment, it is unlikely to happen.
Therefore, the risk is not even that big but the odds are heavily favored to shorting.
We may see below $90 finally. I shorted SOL since it was $200, stopped trading it recently due to total manipulation and unpredictability.. now is a bit different.
Shorting any coin in this market will result in profit, but the risk-reward ratio is the highest for SOL.
Other shitcoins have potential to do some totally random spike pumps, and very likely to be manipulated.
The top coins, BTC and ETH are safe to short but the profits are significantly reduced due to their relatively low volatility.
#ShortMaestro
I am already in mega profit since 136 but I think this dump will still go on. Even at a rebound, SOL short squeeze cannot exceed 136~138 range without additional cash inflow.
And since there is no inflow anywhere on all types of investments at the moment, it is unlikely to happen.
Therefore, the risk is not even that big but the odds are heavily favored to shorting.
We may see below $90 finally. I shorted SOL since it was $200, stopped trading it recently due to total manipulation and unpredictability.. now is a bit different.
Shorting any coin in this market will result in profit, but the risk-reward ratio is the highest for SOL.
Other shitcoins have potential to do some totally random spike pumps, and very likely to be manipulated.
The top coins, BTC and ETH are safe to short but the profits are significantly reduced due to their relatively low volatility.
#ShortMaestro
Oh yes dump dump!!! Finally some action AND market is on my side.
Thank god I closed my long and just head slammed short. I am shorting everything, BTC ETH SOL.. And some shitcoins with small amount for fun too.
There is no hope give me all your money bulls!!! Transfer of wealth will be done without your consent.
All short enjoyers are very happy.
#ShortMaestro
Thank god I closed my long and just head slammed short. I am shorting everything, BTC ETH SOL.. And some shitcoins with small amount for fun too.
There is no hope give me all your money bulls!!! Transfer of wealth will be done without your consent.
All short enjoyers are very happy.
#ShortMaestro
Perfectly balanced... as all things should be. Right now $BTC Long/Short is literally 50/50 chance of winning. This is slightly better odds than betting black/red on a roulette so all gamblers this is a good opportunity.
#ShortMaestro
#ShortMaestro
Seems like a lot of people are suffering from this MAX difficulty market. I will share some opinions and speculations on why this market is so hard.
First off, what's a difficult market? Inconsistent, volatile, yet low volume. Sudden wicks upwards or downwards which seems like a breakthrough from stagnation, but all of them are fake. That is the situation of the market at the moment.
This type of market is known to be devastating for intermediate retail traders. Even the more knowledged, experienced and serious traders lose. Eventually they will learn how to overcome these markets, but I can help you accelerate that process.
So what's the reason behind this untradeable market? Multiple factors combined. However nothing new. These factors being:
1. Inflation / Interest rates are not getting lower. The market has consistently been optimistic on a better economy but the global politics, such as war, US debt, etc. are really not helping.
2. There are too many institutional holders, who hold too much and won't do anything. This mostly applies to BTC.
The ETF approval has created significant participation of big players, but has adverse side effects.
Everyone is holding, no intention to sell or buy. Or BTC locked in ETF does not circulate efficiently around the traditional major crypto exchanges.
This essentially creates a "stalemate". No one wants to sell, but no one wants to buy either.
One thing that many people are mistaken of is the supply / demand system of Bitcoin. Bitcoin's supply is hard capped. Yes. More and more people, or institutions will hold BTC in cold wallets. In self custody, which puts them out of circulation.
But there is no supply shock, simple reason. Demand for Bitcoin is not what you think. It is not a comsumed commodity. It is not a natural resource. There is no essential demand that must be met with equal supply, such as food or oil.
The only demand Bitcoin creates, is the opportunity to speculate for potentially huge profits. Such type of demand is not guaranteed. Therefore, no supply shock.
#ShortMaestro
First off, what's a difficult market? Inconsistent, volatile, yet low volume. Sudden wicks upwards or downwards which seems like a breakthrough from stagnation, but all of them are fake. That is the situation of the market at the moment.
This type of market is known to be devastating for intermediate retail traders. Even the more knowledged, experienced and serious traders lose. Eventually they will learn how to overcome these markets, but I can help you accelerate that process.
So what's the reason behind this untradeable market? Multiple factors combined. However nothing new. These factors being:
1. Inflation / Interest rates are not getting lower. The market has consistently been optimistic on a better economy but the global politics, such as war, US debt, etc. are really not helping.
2. There are too many institutional holders, who hold too much and won't do anything. This mostly applies to BTC.
The ETF approval has created significant participation of big players, but has adverse side effects.
Everyone is holding, no intention to sell or buy. Or BTC locked in ETF does not circulate efficiently around the traditional major crypto exchanges.
This essentially creates a "stalemate". No one wants to sell, but no one wants to buy either.
One thing that many people are mistaken of is the supply / demand system of Bitcoin. Bitcoin's supply is hard capped. Yes. More and more people, or institutions will hold BTC in cold wallets. In self custody, which puts them out of circulation.
But there is no supply shock, simple reason. Demand for Bitcoin is not what you think. It is not a comsumed commodity. It is not a natural resource. There is no essential demand that must be met with equal supply, such as food or oil.
The only demand Bitcoin creates, is the opportunity to speculate for potentially huge profits. Such type of demand is not guaranteed. Therefore, no supply shock.
#ShortMaestro
Daily Market Update from Short Maestro time
👉 So the last 24 hours >> Slow dump then a minor rebound the last few hours.
💸 Longs suffered heavy damage, 24 hours liquidation exceeding more than 2 times than of shorts.
This quick rebound is likely to be a fake pump. Or a bull trap. Although I don't think there are not many noobs left to get trapped anymore at this point. Either they are still stuck from way up there or liquidated.
Anyways, unless some dramatic event happens seems like dump will be staying for a while. Could have some pumps here and there due to short squeeze but not a real bull run.
$BTC is likely to dive to 62k. And even lower.. but that we will have to see when we get there.
There seems to be no benefit to buying any crypto at the moment, from an investor's perspective. Also, altcoins are quickly fading away as crypto becomes more mainstream.
With more public attention, especially from real financial experts, it seems altcoins possessing zero value are quickly being exposed.
It's honestly embarrassing that even after ETF approvals, the majority of crypto "traders" are still all in on shitcoins. Really makes the entire community look like a joke. No wonder why most non crypto investors think crypto is a joke and a scam. The top trending coins are some frog coin, dog coin, useless altcoins, etc...
We need to get rid of these shitcoins fast, especially meme coins. They are not even memes anymore, just a tool for speculation.
The community needs to support more projects that utilizes blockchain to real life applications. Stop making coins that just act as layers or some derivative of an already existing system. DeFi, DAO, Oracle, Web3.. Anything is Web3 if you try hard enough. 😆
One example that I mentioned before, $IO , is a good example of a practical coin. If you look at it, it actually does something. I hope the community pursues more of these constructive directions.
#ShortMaestro
👉 So the last 24 hours >> Slow dump then a minor rebound the last few hours.
💸 Longs suffered heavy damage, 24 hours liquidation exceeding more than 2 times than of shorts.
This quick rebound is likely to be a fake pump. Or a bull trap. Although I don't think there are not many noobs left to get trapped anymore at this point. Either they are still stuck from way up there or liquidated.
Anyways, unless some dramatic event happens seems like dump will be staying for a while. Could have some pumps here and there due to short squeeze but not a real bull run.
$BTC is likely to dive to 62k. And even lower.. but that we will have to see when we get there.
There seems to be no benefit to buying any crypto at the moment, from an investor's perspective. Also, altcoins are quickly fading away as crypto becomes more mainstream.
With more public attention, especially from real financial experts, it seems altcoins possessing zero value are quickly being exposed.
It's honestly embarrassing that even after ETF approvals, the majority of crypto "traders" are still all in on shitcoins. Really makes the entire community look like a joke. No wonder why most non crypto investors think crypto is a joke and a scam. The top trending coins are some frog coin, dog coin, useless altcoins, etc...
We need to get rid of these shitcoins fast, especially meme coins. They are not even memes anymore, just a tool for speculation.
The community needs to support more projects that utilizes blockchain to real life applications. Stop making coins that just act as layers or some derivative of an already existing system. DeFi, DAO, Oracle, Web3.. Anything is Web3 if you try hard enough. 😆
One example that I mentioned before, $IO , is a good example of a practical coin. If you look at it, it actually does something. I hope the community pursues more of these constructive directions.
#ShortMaestro
$BTC QUICK Market update
👉I went long on $BTC , with equal amount of short to hedge yesterday. The long was opening from 65.7k, all the way down. Short opened near 65k. So I am at a minor loss.
👉I believe Bitcoin survived the short squeeze (Survive?) and it's still dumping. I predicted a 62k dump since 70k, have been constantly shorting the market but I thought there could be a short squeeze near 65k.
👉Which somewhat did happen near 64k, when market pumped to 66000 in a few hours. However, despite all the short liquidity, longs were also adding up on their gambles and the sell pressure was too high. Especially from ETF outflows. And global economy is not getting any better.
So what now? I think BTC should go to 62k and maybe below. From then, if inflation slows down and market does enough adjustments, we could see a rebound starting from 61k.
However this does not apply to altcoins. I have always been negative on shitcoins and they have 0 value. Do not expect a miracle.
#ShortMaestro
👉I went long on $BTC , with equal amount of short to hedge yesterday. The long was opening from 65.7k, all the way down. Short opened near 65k. So I am at a minor loss.
👉I believe Bitcoin survived the short squeeze (Survive?) and it's still dumping. I predicted a 62k dump since 70k, have been constantly shorting the market but I thought there could be a short squeeze near 65k.
👉Which somewhat did happen near 64k, when market pumped to 66000 in a few hours. However, despite all the short liquidity, longs were also adding up on their gambles and the sell pressure was too high. Especially from ETF outflows. And global economy is not getting any better.
So what now? I think BTC should go to 62k and maybe below. From then, if inflation slows down and market does enough adjustments, we could see a rebound starting from 61k.
However this does not apply to altcoins. I have always been negative on shitcoins and they have 0 value. Do not expect a miracle.
#ShortMaestro
#MarketSentimentToday
💵 Now seems like a pretty good time to go long on $BTC ...
👉 Too many shorts, and it seems like the Futures market is artifically dragging the real price down due to too many shorts. This obvious cannot last forever, such price trend downwards is not sustainable.
👉 If a major pump happens, there will be massive short liquidations which will pump BTC back to 67k and above. If BTC breaks 68k, then 70k is suddenly possible due to even more liquidity stacked near the 68k~70k price zone.
👉 I have been shorting BTC from 70k but now, going long suddenly seems pretty alluring.
👉 Always choose the winning side, be flexible.. Maybe now is the time to switch teams.
👉 I am splitting my long entry to get a good average. Don't really know how far this over-extended dump can last.
BTC was around 64.9k when I wrote this. I started opening long slowly since 65.8k.
#ShortMaestro
💵 Now seems like a pretty good time to go long on $BTC ...
👉 Too many shorts, and it seems like the Futures market is artifically dragging the real price down due to too many shorts. This obvious cannot last forever, such price trend downwards is not sustainable.
👉 If a major pump happens, there will be massive short liquidations which will pump BTC back to 67k and above. If BTC breaks 68k, then 70k is suddenly possible due to even more liquidity stacked near the 68k~70k price zone.
👉 I have been shorting BTC from 70k but now, going long suddenly seems pretty alluring.
👉 Always choose the winning side, be flexible.. Maybe now is the time to switch teams.
👉 I am splitting my long entry to get a good average. Don't really know how far this over-extended dump can last.
BTC was around 64.9k when I wrote this. I started opening long slowly since 65.8k.
#ShortMaestro
⚠️ WARNING to all short enjoyers
🔥Massive short squeeze could be coming
The suspiciously low funding rates and stagnation near the current price zone does not look good
Short liquidations are way too high. A squeeze could send market to moon 🚀 temporarily.
👉 I closed all my shorts to prevent damage. However I am not going long.
👉 Will do nothing until things blow up and I go back trading.
👉 I still believe $BTC will go to 62k and lower after this short squeeze. In that case, I am just going to short AFTER the short squeeze.
No need to risk a potential green laser which will cause huge loss. In a market where you don't know what is exactly going on, don't trade at all. Staying out is often the best move.
Don't try to dig up opportunities by force when it doesn't exist visibly.. Otherwise you are digging your own grave.
Golden rule of trading: Avoid loss. Missed profits are not losses. Can't win if you lose.
#ShortMaestro
🔥Massive short squeeze could be coming
The suspiciously low funding rates and stagnation near the current price zone does not look good
Short liquidations are way too high. A squeeze could send market to moon 🚀 temporarily.
👉 I closed all my shorts to prevent damage. However I am not going long.
👉 Will do nothing until things blow up and I go back trading.
👉 I still believe $BTC will go to 62k and lower after this short squeeze. In that case, I am just going to short AFTER the short squeeze.
No need to risk a potential green laser which will cause huge loss. In a market where you don't know what is exactly going on, don't trade at all. Staying out is often the best move.
Don't try to dig up opportunities by force when it doesn't exist visibly.. Otherwise you are digging your own grave.
Golden rule of trading: Avoid loss. Missed profits are not losses. Can't win if you lose.
#ShortMaestro
Binance Square today is pure comedy... Full of braindead HODLers in different stages of grief. Some are already at acceptance but seems like the majority is still stuck at denial/anger/bargain.
Here are some posts I found in 5 min of scrolling... Clearly these guys also know what's really happening but welp too bad
#ShortMaestro $BTC $ETH $SOL
Here are some posts I found in 5 min of scrolling... Clearly these guys also know what's really happening but welp too bad
#ShortMaestro $BTC $ETH $SOL
When does casino.. I mean perpetual futures open for $ZK ? I want to "invest" some money.
Any news? Let's be real no one cares about spot trading on shitcoins. This one is a real scam so better open that casino fast or else everyone is gonna be mad!!
#ShortMaestro
Any news? Let's be real no one cares about spot trading on shitcoins. This one is a real scam so better open that casino fast or else everyone is gonna be mad!!
#ShortMaestro
Update on $BTC short
I entered multiple times near the recent peak which was around 67000, used tight SL to find a short entry somewhere near the peak. SL hit 3 times and I got a short entry at 66700.
I added more and more on the way down, currently the average entry price is 66352. I used 15x leverage , which is usually something I never do, but this time it is viable as I know somewhere near 67k is the peak and I have tight SL to stop some staggering loss.
Anyways I now have SL set at 66135, and a trailing stop of 1% callback rate with activation price of 65300. Size is 50% of my position. I will keep adding more to my short and lower my SL as the dump progresses. Already, I am guaranteed more than 3% profit, including the losses from the 3 SL hit before.
I have no way to lose now and can only maximize my profits at this point. This is how you can stack the odds to your favor when everyone is dealt the same hand.
Depending on how you set your positions and orders, the same market will provide different odds to different traders.
Some less experienced ones will have significantly worse odds than me in the exact same market, even if they are shorting.
Oh and I will be planning to make a guide on these setups. How to lock in profits and min max, may or may not post within this year. I also have a shit ton of posts I said I would make but didn't due to a serious mental condition, commonly known as being lazy. Can't help it there is zero cure. Unless some $$ for motivation...
#ShortMaestro
I entered multiple times near the recent peak which was around 67000, used tight SL to find a short entry somewhere near the peak. SL hit 3 times and I got a short entry at 66700.
I added more and more on the way down, currently the average entry price is 66352. I used 15x leverage , which is usually something I never do, but this time it is viable as I know somewhere near 67k is the peak and I have tight SL to stop some staggering loss.
Anyways I now have SL set at 66135, and a trailing stop of 1% callback rate with activation price of 65300. Size is 50% of my position. I will keep adding more to my short and lower my SL as the dump progresses. Already, I am guaranteed more than 3% profit, including the losses from the 3 SL hit before.
I have no way to lose now and can only maximize my profits at this point. This is how you can stack the odds to your favor when everyone is dealt the same hand.
Depending on how you set your positions and orders, the same market will provide different odds to different traders.
Some less experienced ones will have significantly worse odds than me in the exact same market, even if they are shorting.
Oh and I will be planning to make a guide on these setups. How to lock in profits and min max, may or may not post within this year. I also have a shit ton of posts I said I would make but didn't due to a serious mental condition, commonly known as being lazy. Can't help it there is zero cure. Unless some $$ for motivation...
#ShortMaestro
Whats up boring weekend market is almost over, literally nothing happened, and now something is about to happen so let me tell you what it might be. These are predictions of possible outcomes, so the uncertainty level is beyond the levels.
Ok obviously for $BTC it's stuck in 66k~66.5k in the weekends and actually moved to 66.7k right now, this weekend consolidation is going to cause a breakthrough to up or down... somewhere.
Anyways it's anyone's guess what that side will be, however the side that wins won't be guaranteed to keep the momentum forever. it will likely shoot a big laser either up or down, then zig zag with some crazy volatility until we can see where this is actually going.
So keep your seatbelts on and make sure not to get sweeped by this incoming wave of volatility. I, personally, named Short Maestro will be shorting to keep the character theme alive. But with tight SL to find the peak, re enter every time SL hits because I believe that BTC can go 60k.
But this price prediction is not a guatanteed flush, BTC may hit 60k and I will be right but the process to get to 60k is not so predictable. Therefore I will mess around with SL to optimize my entry before I go full in again.
That's it I hope longs are liquidated with a red laser and I make omega profits. Bye!!
#ShortMaestro
Ok obviously for $BTC it's stuck in 66k~66.5k in the weekends and actually moved to 66.7k right now, this weekend consolidation is going to cause a breakthrough to up or down... somewhere.
Anyways it's anyone's guess what that side will be, however the side that wins won't be guaranteed to keep the momentum forever. it will likely shoot a big laser either up or down, then zig zag with some crazy volatility until we can see where this is actually going.
So keep your seatbelts on and make sure not to get sweeped by this incoming wave of volatility. I, personally, named Short Maestro will be shorting to keep the character theme alive. But with tight SL to find the peak, re enter every time SL hits because I believe that BTC can go 60k.
But this price prediction is not a guatanteed flush, BTC may hit 60k and I will be right but the process to get to 60k is not so predictable. Therefore I will mess around with SL to optimize my entry before I go full in again.
That's it I hope longs are liquidated with a red laser and I make omega profits. Bye!!
#ShortMaestro