Dampit
YS was up $2000/btc short! Now the price has bounced what now?Hello dear readers,
I'm still short, but I see a lot of traders I respect who believe the bottom for the move is in. Maybe it is, maybe it isn't - I don't try to predict such things. I just follow my strategy and its worked all along so I'm going to continue following it.
In my last article above, I said I saw a retest of a support level on the cards and bitcoin just about hit it and is moving on a bounce from here. I'd be shorting the bounce instead of longing it, which is what I am doing. I really need to get a post about scaling into positions, but I just don't have the motivation or incentive to post here all the time. Maybe this will be the year of Shkreli and I will gain more followers, but for now, the sharing of pro tips here is on the back burner. That said, you can message me if you would like more access to my work.
Anyways, I also said that I think we will actually break the support level, and I still think that is what will happen.
I spend a lot of time talking about future movements, but I want you to know that it is all an illusion. Nothing I do is predictive at all - it only appears so. I live totally in the present as a trader.
Hope you enjoyed reading :)
YoungShkreli
Targets for SP500 - bear market incoming?Hello wonderful people,
This is the last post I made on the SP500: . You can see that I thought it was overvalued there and now the technicals are turning bearish. It's looking ugly as far as I am concerned.
My targets are outlined above.
If you look in the link you'll see data about the PE ratio of the index. If you are interested in seeing a spreadsheet with that data and more, check out my twitter.
-YoungShkreli
AMZN still showing weakness, nothing bullish hereWhat's up good people,
This was the last update I made for AMZN: . Not much has changed. I am still very bearish on AMZN and with the US economy still heading lower I am becoming ever more confident in this trade.
Same as before though, I would either take a small profit from my entry or at a break of the ATH. AMZN is looking extremely weak though, so the most likely outcome is that we go to the support line and make more money :)
-YoungShkreli
