Is the crypto winter over?

themickey said:
Patience little possum, a few more trading days away yet, then the fireworks, it could go up or down but probabilities are it's a strong upward move.
Not this coming week but the following, always a bit difficult to gauge exactly as the way price moves in the interim affects the outcome, in particular, timing.
Price imo should rally over 32,000.
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It's funny you said that as this current trade position I have is setup for a longer time frame than my previous trades

I have no profit target in mind but do want to see $50k/btc within a few months

I have all the time on this trade,I am not in a hurry...

The only thing that would close it is a liquidation (unless I add more collateral)


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I had been wondering what happened today with crypto. My ETFs dropped over 5%, but nothing too crazy for the asset class.

I decided today to coat-tail Soros and go bullish on Marathon. Basically shorted PUTs on MARA. I also purchased 10-round lots of Bitfarms Ltd. If the idiot running America really does get his 30% tax added on BTC mining passed through the house, then where do you think everyone will flock to? Canada, which is still very friendly to Miners and gives them tax breaks. So Bitfarms has a very strong moat depending how dumb US voters continue to be.

I guess someone has to pay for all those bad decisions taking on more bad student loans to take useless ISM majors. FeminISM, WokeISM, StupidISM...

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themickey said:
Bitcoin 25,750 atm, it's come as bit of a relief, thought it would never drop, the harder it swings down the more severe the rebound, not far to go now, because of this move it changes my timing, should be end of this week for a bounce, or put another way, there is going to be a (violent) reaction.
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I'm ~$1200 from being liquidated. I won't be adding collateral

@schizo are you still long?


I guess someone has to pay for all those bad decisions taking on more bad student loans to take useless ISM majors. FeminISM, WokeISM, StupidISM...
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:D
 
johnarb said:
@schizo are you still long?
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I just checked in and saw that my stop was hit @ 26.3K. I really dunno what to say. Is my original call that BTC will dive to 23K correct? Maybe. But this bitch has been shaking me out so many times in the process, I plan to sit out and just watch.
 
schizo said:
I just checked in and saw that my stop was hit @ 26.3K. I really dunno what to say. Is my original call that BTC will dive to 23K correct? Maybe. But this bitch has been shaking me out so many times in the process, I plan to sit out and just watch.
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Who are you trading with and what does it cost you to make a round trip?
 
schizo said:
I just checked in and saw that my stop was hit @ 26.3K. I really dunno what to say. Is my original call that BTC will dive to 23K correct? Maybe. But this bitch has been shaking me out so many times in the process, I plan to sit out and just watch.
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$23K may happen, but was that the only way to profit the past month?

Bitcoin has a been a pretty good instrument to trade, unfortunately for us, we did not profit from it. You could have bought low and shorted high?
 
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