Hi folks!
As those of you who have followed my predictions for a while now are aware of, I have a massive bearish bias these days
- while my predictions in the last weeks have yet to become a reality, my stated short positions are still alive and well.
This is first and foremost due to the extremely scary macroeconomic state (and thus fragility of the financial markets),
but also the fact that we have had massive Bearish Divergence on both RSI, MACD and (most importantly) Volume in almost asset classes.
Today, the triple DIV played out in BTCUSD on the daily as well, piling on to my bearishness.
My position placed today is Short BTCUSD at 49500, SL 56000, TP 30000 - adding to my short from 46300 with SL 52000 and TP 30000.
For the record, I also hold over 30% of my portfolio in VIX futures (@VIXY) due to the mentioned macro picture.
The reason is a combination of systemic overvaluation in addition to the fact that liquidity is evaporating from the markets (just check trading volume and decrease in margin debt).
I would state that shorting is a risky business, and that just taking profits and/or buy volatility contracts might be a preferable option here.
I would never recommend shorting to anyone unless one feels extremely confident in the probability distribution and you know how to manage risks -
I just state my position to let you know that I put my money where my mouth is.
DYOR.
NFA.
Never take the word of others as a given - and never take advise from someone who has no skin in the game.
I wish you all well.
As those of you who have followed my predictions for a while now are aware of, I have a massive bearish bias these days
- while my predictions in the last weeks have yet to become a reality, my stated short positions are still alive and well.
This is first and foremost due to the extremely scary macroeconomic state (and thus fragility of the financial markets),
but also the fact that we have had massive Bearish Divergence on both RSI, MACD and (most importantly) Volume in almost asset classes.
Today, the triple DIV played out in BTCUSD on the daily as well, piling on to my bearishness.
My position placed today is Short BTCUSD at 49500, SL 56000, TP 30000 - adding to my short from 46300 with SL 52000 and TP 30000.
For the record, I also hold over 30% of my portfolio in VIX futures (@VIXY) due to the mentioned macro picture.
The reason is a combination of systemic overvaluation in addition to the fact that liquidity is evaporating from the markets (just check trading volume and decrease in margin debt).
I would state that shorting is a risky business, and that just taking profits and/or buy volatility contracts might be a preferable option here.
I would never recommend shorting to anyone unless one feels extremely confident in the probability distribution and you know how to manage risks -
I just state my position to let you know that I put my money where my mouth is.
DYOR.
NFA.
Never take the word of others as a given - and never take advise from someone who has no skin in the game.
I wish you all well.
