BTC broke to a new low when I got up this morning
Just as I said last night
It’s a slow, painful grind down. Holding your short position the whole time is the best feeling. I publicly called the short at 81,000 ahead of time across the whole network—who else did that?
Yesterday, a lot of people asked me whether they could go long. I’ll say the same thing: it’s a slow grind down. If you’re willing to set a stop-loss around the previous low and take a shot, there’s nothing wrong with that.
The key is to understand that the win rate isn’t high, but the risk/reward ratio is. Keep your position small, and don’t get upset if you take a loss.
Just as I said last night
It’s a slow, painful grind down. Holding your short position the whole time is the best feeling. I publicly called the short at 81,000 ahead of time across the whole network—who else did that?
Yesterday, a lot of people asked me whether they could go long. I’ll say the same thing: it’s a slow grind down. If you’re willing to set a stop-loss around the previous low and take a shot, there’s nothing wrong with that.
The key is to understand that the win rate isn’t high, but the risk/reward ratio is. Keep your position small, and don’t get upset if you take a loss.
