Well, shit. I just called my boss an assfuck and told him I quit. And now the price falls. So I will change strategies & short on 10x margin
Suicidal.
The hardest thing to time & riskiest/least profitable to do is : [1] Short a dump further
Followed by : [2] Long a breakout
[3] Short a top
(as far as large-cap, well-run, excellently-performing/promising-sector equities, some commodities, and established crypto) [4] Long a dump
In other words, hats off to whoever managed to snag that juicy $705-709 range on 'Finex just now, closing that long on the inevitable retrace-up. Panic/margin call cascade drops like these are the single most rewarding opportunity. I could only grab one long @ $734 and another @ $712 myself.
There's a sizable possibility we go down yet further in the coming hours/days, just a bit, flirting w/ $680-695.
There's also a very faint but frightening possibility we go down considerably harder than that, a scenario only made possible (no exceptions)
if China's PBOC
"bans" Bitcoin yet one more time, or some very hardcore protocol hitch, dev team trouble or asian mining consortium bad news hits the wires ; In which case this 'Vinny Lingham Signature' rally would be stopped in its tracks until we are a few days away from the actual July Halving Day, or possibly even for the entire summer ;/