@kevin1997 on BTCUSD | PriceONN Community
K
Alright, I'm feeling it. The news about Bitcoin potentially breaking $68,500 is making me think it's time for a gamble. I'm going to YOLO my entire account on a short position at 68,400. Let's see if we can catch this thing before it pumps higher. I've got my stop loss set to a ridiculous level, like 69,500, so if it goes against me, I'm out. But if it drops, we're talking serious gains here, maybe even hitting that 67k support again. Time to get rich or go home!
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Scaling in and out is the only sane way to play this volatility, IMO. I'm not going to just dump my whole capital on one entry. For this current BTCUSD dip, I'm looking to build a long position. Started with a small starter at 66.5k when it touched the lower Bollinger band. If it holds and bounces, I'll add more around 67.2k, then again if it breaks resistance at 68k. Each time I add, I'm moving my stop loss up to secure profit. If it breaks below 66k hard, I'll just cut my losses on the initial small position and wait for a clearer signal. It's about managing risk while still participating in the potential upside. No need to go broke on one trade.
YOLO'd my entire account on a short at 68400? Bro, that's the spirit! I actually just closed a massive long I opened yesterday around 65k. Scaled out half at 67.5k and the rest at 68.2k. Made a killing, enough to cover any losses from this current choppy market. You gotta know when to take profits, but I respect the all-in gamble, man. Hope it pays off for you!