I havenβt written for a long time, there was a lot going on, many flights, then I took a little rest
βοΈπ.
Personally,
I was betting on Harrisβs victory, although I prefer Trumpβs election program more. I thought that during major conflicts, the ruling team wouldnβt change. Based on that, I was increasing my Bitcoin short position in small increments. After Bitcoinβs strong price growth, I closed my entire short position. I lost quite a bit of money from my yearly profits, but itβs bearable, itβs part of trading
πΈπ.
Iβm still not sure if I made the right decision by not holding the short, the liquidation price was above $130,000, with below-average risk.
But I decided to wait it out, such strong growth is a rare and unpredictable event. Itβs too hard to predict the price movement going forward. The market is very optimistic
βοΈ. At the same time, the rise in stock indices alongside the dollar index is an abnormal situation in the market. Either the dollar index or the stock indices should go down
π.
At the same time,
I managed to earn a little on small short positions this week, although it was very risky βοΈ. In general, both shorting and longing are very risky right now. A crash could be very strong, 35% from the current price, but at the same time, there could be a sharp rise to $150,000, followed by a sharp crash
π. Long growth without corrections is always followed by strong liquidations.
Iβm also considering opening a short position on Bitcoin before the New Year π, as many will want to lock in their annual bonuses π°.
Wishing everyone a crypto-positive day π€!π Binance Registration Bonus 600π²π¬@CryptoHylos β‘οΈ Boost