Yesterday, we published a short position operation for Bitcoin, and once again the movement occurred as we expected and more. The impact of the news of Silicon Valley and other banks' bankruptcies was not the main factor in this movement. In markets, we will always have overwhelming news justifying the movement and tremor in the markets. It won't be the first or last time we see this. This does not take away or minimize the impact of the news, but it is important to note that conjectures and associations may not be the real cause.
It is important to focus on the facts and not be carried away by speculation. For over a year, we have been discussing Bitcoin's situation when it reached values of $65,000. At that time, our analysis indicated that the price had stopped, no more liquidity was coming in, and there was no liquidity above those values. Therefore, the most reasonable thing was to at least sell part of those stagnant Bitcoins and configure progressive purchases until 2024.
On our Streamer channel on Binance, we had already announced last year that Bitcoin would touch $17k, and it did. We received criticism and even insults for it, but violent denial always manifests a lack of sight and not wanting to see reality.
Link Binance Live: https://www.binance.com/en/live/video?roomId=2105083
We attach links to these videos and as always, we also attach screenshots of our operations that we have been carrying out in our Futures portfolios on Binance, operating only BTC/USDT for less than a month with a yield of +21%. Our experience and knowledge in the market enable us to make informed decisions and achieve successful results in our financial operations.
If you wish to continue and connect your account with us, you can do so from 1 USDT, having absolute control of your funds. We do not hold and safeguard third-party funds. You simply connect your account and mirror our operations in a participatory manner, and we charge a 30% fee on profits whenever they are generated.
CRYPTOPUNK FUTURES BTC/USDT: https://app.zignaly.com/profit-sharing/63ee94788aedc640cc35b4dc
Very well, moving on to what you are probably interested in, let's talk about what we are trading and how. We entered a short position at 20k with 50% of our capital and have 2 DCA (dollar-cost averaging) orders, one if the price rises 2.5% and another at 5%, both X2, meaning the total position, in case both DCA orders are executed, would be X2 relative to the balance of our account.
Regarding taking profits, we secure the taking of 50% of our position at -1% and let the rest run until the end of the liquidity pool at +6%. This liquidity pool shows leverage ratios of X10, X25, X50, and X100. However, the price has already entered the 5X pools, so we can still hope that the price will continue its downward trend during this weekend or finally on Monday.
This weekend, we could see a sideways price between the 21k and 19k zones, so we could repeat this operation over and over again, trying to keep it open before Monday's traditional market opening.
I hope this information is useful for everyone, and please remember that we do not give investment advice; we only share our trading and analysis. We always keep our doors open if you want to copy our operations automatically. Do not hesitate to contact us through our various communication channels.
Best regards and have an excellent weekend.
CRYPTOPUNK
Diego Fons CEO & Trader
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