Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
mckk
on 12/03/2017, 14:54:48 UTC
Quote from: JayJuanGee on March 12, 2017, 02:45:54 PM
Quote from: mckk on March 12, 2017, 02:22:04 PM
Quote from: Ted E. Bare on March 12, 2017, 02:18:58 PM
Breakout to the upside in progress? Happening?
Pre-dump breakout  Grin


Wishful thinking mckk.    I am sorry about the loss of your short.

The fact of the matter is that maybe you can sell a little bit of BTC to take out some risk, but do not sell large portions or short, because the upside potential is much greater than the downside, and if you bet on downwards, then you run a considerable risk of either getting left behind or having to buy back at a higher price
Actually I've earned a bit on my shirt when ETF was announced (because my market order was executed too late). Anyway I'm a bit negative because I see no real reason for bitcoin to rise so fast tbh.

About your tip to not sell all btc at such important events as ETF, that's smart but when I play with leverage I cannot risk getting my position liquidated.