The BITCOIN Trader


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I traded everything except cryptos. I m somehow attracted by bitcoin but i never knew how to trade it. I m not sure what the base is. They say keep an eye on recent regulations and the global monetary policies as btc may act as an inflationary hedge. But one day i had a genius idea. The bitcoin was trading in a ranging market for about a month and more between 10000 and 10700 usd. I said perfect , it cant break the range right now so i shorted at 10.600 in an attempt to fast profit from the ranging market. As soon as i shorted the bitcoin started to rise, two weeks later its trading at almost 16000 usd and my positions are still open with no stop loss. I guess the range market is over.


Lesson : Care when assuming range market is going to continue forever.


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