Bitcoin
- Thread starter wxytrader
- Start date
I'll keep happily happily shorting!!!!
Started new short positions this afternoon and will continue to add new shorts everytime bitcoin bubble jumps another 10k.....remember this is nothing but a magical coin with zero intrinsic value!!!
Keep rising because I'll keep shorting. Hopefully it goes beyond 67k because the next collapse will be just as epic as the last.
Started new short positions this afternoon and will continue to add new shorts everytime bitcoin bubble jumps another 10k.....remember this is nothing but a magical coin with zero intrinsic value!!!
Keep rising because I'll keep shorting. Hopefully it goes beyond 67k because the next collapse will be just as epic as the last.
Early lol. The art was predicting this since about July 2022...that's when I bought my Jan19 24 BTTC.B $5 calls for .50...it was trading at around $2.50 or $3 around that time. Price action, support resistance levels, Vols, order blocks and all the other voodoo out there would not have helped you make this trade with such perfect timing to get the maximum value. It was a little delayed after the ftx scandal but we persevered ! Elliott wave all the way baby!
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Well of course its going to pull back at some point....why not play both directions? My 2008 Lambo certainly has some intrinsic value so how do you explain that?
Hey if I'm looking at selling a call on BITO with .50/.90 spread. The max loss is $725 with a max gain of $1775. BUT if it ends up ITM even .01 and I am forced to close the position, is there added risk because of the huge spread and low liquidity? I mean technically could I be faced with a situation like $.03/$3 to close?
This can be applied to many parts of the investing world.
Bitcoin is largely misunderstood and an easy target,especially as FIMO(Fuck! I missed out!)kicks in.