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/biz/ - Business & Finance

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7562171 No.7562171 [Reply] [Original]

I shorted BTC at 8.3.

Have I fucked up?

>> No.7562329

>>7562171
4k soon

>> No.7562344

Depends on how much leverage you used.

>> No.7562393
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7562393

probably

i suspect that we are on a recovery now, the only question is how high it will go back up to.

obviously in hindsight, selling at the 16k or even 12k mark and then rebuying at 7k was the smart thing to do, but obviously nobody knows how these things happen.

does it begin to recover now? is it going to a new ATH withing the next few months?

>> No.7562415
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7562415

>>7562171
i shorted at the exact bottom and i'm still holding through.

i'll close at 7500

>> No.7562457

>>7562415
Anon I have bad news for you. We are going to 9k straight

>> No.7562482

yes you made a huge mistake, it just reversed

>> No.7562489
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7562489

>>7562393
New ath incoming get ready

>> No.7562501

>>7562457
We might see one more drop and op can b saved. But then its goin up bigly.

>> No.7562502

>>7562171
I shorted at 8k kek hoping for the head and shoulders

>> No.7562519
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7562519

POST YOUR FEEL WHEN OP IS LIQUIDATED BEFORE THE THREAD IS ARCHIVED

>> No.7562524

>>7562457
i'm not worried, i trust my ta.

i just brainfarted there, i had a shot since 8600, closed it at 7850 because that was clearly the bottom. but since my meme lines say it'll go lower i decided to reopen it, like if i never closed the short before.

so yeah

>> No.7562547

>>7562519
I pumped in 3k so I won't just be thrown out

>> No.7562562

>>7562415
take the loss, close the short

>> No.7562568

no, we're going to 4k

you'll make a decent amount if you don't get liqd today

>> No.7562572

relax op. we all make bad trades sometimes. even pros. the diference between a good trader and a bad one is the bag holding. sometimes you eat a loss quickly. dont hang on to it.

If you dont feel confident, buy back in at a small loss and accept it and learn from it. try again later.

Personally believe shorting around 12k is the next best idea

>> No.7562575

>>7562547
BLOWN

>> No.7562600
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7562600

>>7562575
THE

>> No.7562613

>>7562562
i'd take the loss if we were in uptrend, but we are in full downtrend.

my hard stop is around 8600 but i heavily doubt it will reach it

>> No.7562617

>>7562489
I might eat shit having said this, but i just figure the trend is that it drops enough so that people buy up, hits a new ATH, and repeat.
Obviously Jan threw this for a loop, since we 19k, 16k, 13k, and now we're in a new dip at 8k.
It'll go back up, but to what lengths?

>> No.7562625
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7562625

>>7562171
should be easy enough to recover

>> No.7562872

>>7562171
Kek
You turbo brainlets never fail to make me laugh

>> No.7562915

>>7562171
>doing anything with btc
You're a sperg trying to make a quick buck, why should I or anyone care?

>> No.7562930

>>7562617
17k and then it will drop to around 12-14k for a few months

>> No.7562951
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7562951

Bitcoin $5K tomorrow.

>> No.7562957

>>7562930
I can live with a 17k, i went full retard and bought the ATH at 19k.
I'll sell at a smallish loss, just so i can finally fucking start making money again.

>> No.7562960

>>7562171
Close short at $9400 then go long. No clear sign of reversal yet. Downtrend line is unbroken. Bulls are showing strength here, but we have no idea if it will last.

>> No.7562980

>>7562415
your waves are too big friend, unless that entire downtrend was the 5th wave, that ABC doesnt look like a correction. ABC's need to be corrections. What you have , instead of ABC, looks like 123

>> No.7562983

>>7562171
what does shorting mean? please dont call me retard

>> No.7562986
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7562986

>>7562600
FUCK

>> No.7563020

>>7562983
selling low and buying high later

>> No.7563040

>>7563020
ok thanks
>>7562600
what app is this

>> No.7563047

>>7562983
retard

>> No.7563060

>>7563047
Retard

>> No.7563131

>>7562983
Shorting---- You rent a Lombo $1000 a day) and sell it to Trayvon cash ($100,000)! hoping someone will shoot him before he tries to register it.

>> No.7563257

>>7562983

It's the contrary of long.

yw.

>> No.7563284

>>7562983
shorters never learn

>> No.7564096
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7564096

>>7563040
Robinhood, close position while you can op ur goin down

>> No.7564996

>>7562983
Shorting = short selling = selling something with the intention of buying it back when it is cheaper. You can short sell things that you are currently holding, or to things you don't own by finding somebody to agree to take up the other side of the bet.