Quote from: Majormax on Today at 08:34:42 AM

Quote from: JayJuanGee on May 09, 2020, 05:51:45 PM

Quote from: Majormax on May 09, 2020, 08:37:27 AM

10000 is technically the traders perfect shorting point, because there is another harder resistance just above. Whether it breaks or holds we will see.

Oh my!!!!

Good luck with that. You will likely need it.

I don't doubt that there is a decent amount of incentive for profit taking at these levels; however, there still seems to be little to no convincing narrative suggesting that there is a need for down before up.

Its not luck (Todd).

Seems like luck to me. If you keep saying down, sooner or later, you are going to get down, so I doubt that you are any kind of sorcerer in this matter.

I have already made many posts in which I have been stating that I am a bit nervous in term of NOT having any significant and meaningful correction, since $3,850 (less than 2 months ago). Yes, here we have had a BIG short term correction, but such correction has not played out yet... so I am not even sure about how meaningful and significant it is.. in terms of impacting the BTC price direction.. even though surely exciting on a short-term basis to experience close to $1,300 downward (close to -14%) in about 10 minutes. That is surely exciting, but hardly any kind of reflection of anything meaningful unless there is a change in direction or something beyond mere consolidation.

By the way, I am not sure about what you mean by "Todd", and I looked it up on google, which does not cause me much clarity... the meaning was "sly like a fox" or something like that?

You believe that I am being sly, or did you have some other reason for that usage?

Quote from: Majormax on Today at 08:34:42 AM

Profit already. Observing 8600

Have you changed your practices, Majormax? Many times, I have heard you state that you make various kinds of short-to-medium term calls in order to help other members to think through "reasonableness," and you are NOT actually trading.

So seems that one of the main ways to profit from these kinds of negative BTC price moves, especially if you are thinking long term, as you proclaim to be doing, is to buy on the mother fucking dip. AmiNOTrite? Wink

So, in that regard, yes I have profited a wee bit. How about you? Or maybe I should be asking, what do you mean by "profit"?

Quote from: Majormax on Today at 08:34:42 AM

Now its a better point to go long, or at least close the short, being below the (weak) resistance at 9000.

Hey? We seem to agree about something, or at least, how the fuck would we have been shorting BTC in the first place, but that's just me. I don't short the corn. I only long and I only close some longs from time to time... but for the most part none of my longs are leveraged, except in the broader sense of my cashflow and in the ways that I manage my cashflow that has some strategic uses of debt, but ultimately no real substantial leveraging....