Long at 1.40 - might be too late to get in now
I realize that this one may be too late, but I went long 
BITF at the close today. I can't resist a sale on miners, and while Bitcoin was down hard today, it was in sympathy with the market and not because of Bitcoin "fundamentals", such as they are (or aren't.
With
BTCUSD down less than 2% and this one down 14%, and all the HODLrs are whining about manipulation, I see a bargain thanks to those short sellers that jump on the miners hard when things get tough for BTCUSD. Those short sellers eventually cover and juice it back in the other direction excessively when they do.
I am intentionally providing a naked chart and no discussions of hashrates or server farms specifically to irritate my favorite troll because it makes him 💩 (as if the price action of the miners that he HODLs so dear didn't already do that). None of that stuff matters to me anyway - the algo rules this quick (ideally) in and out trade. The carnage may well not be over yet, but if it is this one could pop big tomorrow, so that's the only premise for this trade.
Sadly, it's already trading up a few percent after hours, and depending on whatBTCUSD does overnight, it may not see 1.40 again before this trade closes. I wouldn't recommend reaching for this, as the short term downside risk is real depending on what the market does tomorrow.
This one may not be the 1 day reversal win I always hope for, but I think this is a very overdone selloff. It may continue for a day or two, but it could also rebound 5 or 6% tomorrow, so count me in. I am prepared to weather the storm however, as surely analysts will look to vocally cover their ass3s now that Wall Street's darling has become the Flavor of the Weak (shout-out to American Hi-Fi).
There are few stocks that people get so wildly over-optimistic and wildly pessimistic about as this one, and that is an opportunity, in my mind. It held 117ish support and has more below that, but this move today definitely did technical damage that will take time to repair.
And if the DeepSeek news is legit (consider me still a skeptic) it could do damage here fundamentally long term. The fact is, though, DeepSeek is still running on NVDA chips, not someone else's. Just maybe not as many or as powerful. That's a real concern - or should be if DeepSeek is legit. Even if it is, though, this trade is all about stocks not moving in straight lines up or down. I'm confident I'll make money whatever direction it moves - but up tomorrow would certainly make that job a lot easier.
Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
BITF at the close today. I can't resist a sale on miners, and while Bitcoin was down hard today, it was in sympathy with the market and not because of Bitcoin "fundamentals", such as they are (or aren't.With
BTCUSD down less than 2% and this one down 14%, and all the HODLrs are whining about manipulation, I see a bargain thanks to those short sellers that jump on the miners hard when things get tough for BTCUSD. Those short sellers eventually cover and juice it back in the other direction excessively when they do.I am intentionally providing a naked chart and no discussions of hashrates or server farms specifically to irritate my favorite troll because it makes him 💩 (as if the price action of the miners that he HODLs so dear didn't already do that). None of that stuff matters to me anyway - the algo rules this quick (ideally) in and out trade. The carnage may well not be over yet, but if it is this one could pop big tomorrow, so that's the only premise for this trade.
Sadly, it's already trading up a few percent after hours, and depending on what
BTCUSD does overnight, it may not see 1.40 again before this trade closes. I wouldn't recommend reaching for this, as the short term downside risk is real depending on what the market does tomorrow.This one may not be the 1 day reversal win I always hope for, but I think this is a very overdone selloff. It may continue for a day or two, but it could also rebound 5 or 6% tomorrow, so count me in. I am prepared to weather the storm however, as surely analysts will look to vocally cover their ass3s now that Wall Street's darling has become the Flavor of the Weak (shout-out to American Hi-Fi).
There are few stocks that people get so wildly over-optimistic and wildly pessimistic about as this one, and that is an opportunity, in my mind. It held 117ish support and has more below that, but this move today definitely did technical damage that will take time to repair.
And if the DeepSeek news is legit (consider me still a skeptic) it could do damage here fundamentally long term. The fact is, though, DeepSeek is still running on NVDA chips, not someone else's. Just maybe not as many or as powerful. That's a real concern - or should be if DeepSeek is legit. Even if it is, though, this trade is all about stocks not moving in straight lines up or down. I'm confident I'll make money whatever direction it moves - but up tomorrow would certainly make that job a lot easier.
Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
Nota
You can ignore paragraphs 5, 6 and 7 here. I had written something for my NVDA idea for yesterday and accidentally copied and pasted it here by accident. I normally proofread these things, but I didn't this time. Sorry for any confusion that created. The rest still applies to BITF, though. Apparently, it isn't too late, either. Trading at 1.40 right now.Trade ativo
I added again at 1.39 just before the close and then it ran to 1.40 right at the close. So technically, I shouldn't have added, but here I am. I'll unload the 2nd lot after hours if the opportunity to do so at a profit presents itself. Otherwise, I'll probably make money on that 2nd lot regardless, but I would likely unload it intraday tomorrow. I'm tryna follow my own rules here.
Lots currently held:
Lot 1 - 1.40
Lot 2 - 1.39
Trade fechado: objetivo atingido
So I wasn't able to offload the extra lot last night and I don't know if I could have premarket today because for some reason, it never occurred to me to try, so I have no idea what the bid was. lol. Near the open it was still 1.39, so I waited for the open. I sold the extra lot right after the open today for 1.405 (which I now obviously wish I hadn't). But a win is a win, and +1.08% in less than a day is still good money. I sold the original lot at the close for 1.44 - a +2.86% gain in 2 days. I'll say it again...I LOVE when Bitcoin miners show up as buys on my algo. There are some other miners that look ALMOST ripe, so I hope we get a little Bitcoin selloff overnight (nothing too dramatic, just a little nudge lower). We shall see.
Nota
Trade summary for my records
Wins 2 (1 accidental)
Losses 0
Avg gain per lot = +1.97%
Avg holding period/lot = 1.5 days (less, actually)
Avg gain/lot/day held = +1.31%
Annualized return = +331%
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.