I think we're at a point when you can just leave a long and a short together and just leave them be.
*scratches head*
Can someone explain that to me? Wont the short make as much losses as the long makes gains, i.e. they cancel out?
If you have a 10x long and a 10x short on 10BTC each, if the movement is 30% either way you would gain roughly 20BTC (30BTC-10BTC from the losing position). 50% = 40BTC. Minus fees etc. of course. Please correct me if I'm wrong.
Let's say at price $100 you go long buying 100 BTC using $10,000
Now price rallies to $130 (+30%), so your position (+100 BTC) is worth 13,000. If you close it, you made a gain of $3,000. In BTC-equivalent that'd be 23 BTC.
Let's say at price $100 you go short selling 100 BTC for $10,000
Now price rallies to $130 (+30%), so to close your position and buy back the 100 BTC you'd have to put up an additonal $3,000 (you already have $10,000 from the sell). So that's a loss of $3,000. In BTC-equivalent that'd be 23 BTC.
So nothing is accomplished when opening and closing 2 equal-sized positions at the same times. Closing the long first and then waiting for price to drop is the same as not opening the pair at all and just opening a short at $130, no?
... Just noting that escaping the (linear) downwards channel didn't lead to a serious rally, so I'm waiting to see if breaking the escape channel will lead to a (sustained) crash. 
