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Finally, my short position on Bitcoin BTC at 63100 is trapped. Tonight, I'll look for an opportunity to add more shorts.
I shorted BTC back in June at 63000-64000 once, and only closed the short when it dropped to 60600 without breaking lower. Now Bitcoin has bounced back so strongly. I see the opportunity to short on a rebound, so naturally I'll short BTC. Tonight, I'll add more shorts. 58000-64000 = 6000
In previous live streams, I've said it too many times: the best trade in a bear market is to short on rebounds.
It damn well bounced 6000 dollars. Aren't you going to short, just watch?
Short a wave, let it drop 3000 dollars, then close the short and reverse to go long.
From 63000-64000 down to 60000-61000, that's about mid-July 10th, go long.