cankarako

Btc Play Both Short and Long. Profit Without Risk

cankarako Updated   
BITSTAMP:BTCUSD   Bitcoin
Highs are getting lower. 6k still holding. Volume is decreasing. Market is either neutral or bearish.

No one knows what is going to happen.

If 5.800 is the low you can buy at 6k and hold for the long term.

If 5.800 is NOT the low we are going to go down hard once we break it. So you can Short

You can profit from both. The gap between is less than %5.

If you play this you are risking less than %5 of your capital to gain at least +%20 (probably a lot more)

This is a basic buy/sell the breakout idea.

Not financial advise. Just something that makes sense to me.

I'm here to learn and appreciate the criticism :) Please feel free to comment


Trade active:
Short. We are going down hard now.
Comment:
I don't think support at 5k will hold. Lets see. 3k Should hold that is the worse case scenario for now.
Comment:
1.3k is the lowest it can go. Not saying it will happen. but there is a chance
Comment:
Imagine what will happen when the average person looks at this... Is he going to say oh bitcoin is cheap I should buy or is he going to say it just had a new yearly low imagine how low it could go... Imagine what all the people who bought in after catupulation will do... They will sell thinking it is not a good investment. They waited for so long for this to go up... All this time and it ended up going lower than where they bought in. Everything suggest going down... Or this is the biggest bear trap ever... I don't think so
Comment:
Should have taken some profit by now. Can bounce soon. This was a %30 drop.
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