How to say 'er bing'
Post
--
Kenzoy
·
--
BearishI admit I'm bad... this finger-licking attempt failed 🤌
This rally in the overall market has basically reached its end. Any further rise would be beyond my expected range, not money I can profit from. The BTC might briefly touch 100k just to fake a breakout and lure in buyers. I'll wait for a clear shorting opportunity on the right side.
According to my position management, BTC was opened long at 90k with double leverage, now worth 5 million USD, and with a 7% rebound, I should have made 350k USD.
But this rebound pressured BNB and WLFI.
The result is: current profit on $BNB is 60k USD, with another 8k USD unrealized profit still open.
WLFI was traded back and forth a few times without breaking through the stop-loss, resulting in a floating loss of 12k USD.
Shorting BTC as a hedge brought in 8k USD profit.
A bunch of small short-term positions combined made 5k USD profit.
$ZEC rebounded to 450 but I didn't hold it—though even if I had, it wouldn't have made much profit.
In total, this rebound only made around 100k USD.
Missing the main upside of the rally equals a 250k USD loss. Another losing day.
BTC is now experiencing top-side consolidation. Let's see if BNB can make one last push. If it does, I'll liquidate. If not, I'll exit once BTC breaks below the 20-day MA in one or two weeks.
Time to pack up and prepare for the coming bear market. We've had a bull run for years—enough is enough. Those who haven't made enough profits shouldn't cling to hope.
$BTC returning to a number starting with 5 should be fine. A major negative news event might push it down to 4.
This rally in the overall market has basically reached its end. Any further rise would be beyond my expected range, not money I can profit from. The BTC might briefly touch 100k just to fake a breakout and lure in buyers. I'll wait for a clear shorting opportunity on the right side.
According to my position management, BTC was opened long at 90k with double leverage, now worth 5 million USD, and with a 7% rebound, I should have made 350k USD.
But this rebound pressured BNB and WLFI.
The result is: current profit on $BNB is 60k USD, with another 8k USD unrealized profit still open.
WLFI was traded back and forth a few times without breaking through the stop-loss, resulting in a floating loss of 12k USD.
Shorting BTC as a hedge brought in 8k USD profit.
A bunch of small short-term positions combined made 5k USD profit.
$ZEC rebounded to 450 but I didn't hold it—though even if I had, it wouldn't have made much profit.
In total, this rebound only made around 100k USD.
Missing the main upside of the rally equals a 250k USD loss. Another losing day.
BTC is now experiencing top-side consolidation. Let's see if BNB can make one last push. If it does, I'll liquidate. If not, I'll exit once BTC breaks below the 20-day MA in one or two weeks.
Time to pack up and prepare for the coming bear market. We've had a bull run for years—enough is enough. Those who haven't made enough profits shouldn't cling to hope.
$BTC returning to a number starting with 5 should be fine. A major negative news event might push it down to 4.
