$BTC Look, about that BTC move on March 20th at 5:30 PM, Jie's short position was genuinely accurate on the short term, but fundamentally it's just a high-risk play.
The price was stuck around 69800, having just crushed down from the 71300 intraday high, with the moving averages pinning it down hard. The bearish logic was completely sound, targeting the 70000 level, with a few hundred pips profit right there for the taking. The stop profit point he set was spot on.
$BTC Look, about that BTC move on March 20th at 5:30 PM, Jie's short position was genuinely accurate on the short term, but fundamentally it's just a high-risk play.
The price was stuck around 69800, having just crushed down from the 71300 intraday high, with the moving averages pinning it down hard. The bearish logic was completely sound, targeting the 70000 level, with a few hundred pips profit right there for the taking. The stop profit point he set was spot on.