You are probably weary of me griping about my mismanagement of my Bitcoin short. Too bad! I’ve got to get this off my chest.
Simply stated, my declaration at $83,000 that Bitcoin was about to fall hard was, to date, the greatest trade idea of the Year of our Lord 2026. It was brilliant. I think, in sum, I made a few thousand bucks off of it. BFD. That’s pretty goddamned sad for the trade of the year.
I think the easy part of the trade is over. My observation pertaining to the prior top and the most recent one (the two pink areas below) made things as plain as day. And, as God intended, and as I predicted, BTC simply melted down, plunging from $83,000 to (briefly) under $60,000 in a matter of days.
We have encountered major, big-time Fibonacci support at these levels. I think BTC could easily rally $10,000 from here, at which time it would present itself as a great short again. As the inverse ETF fund BITI illustrates below, this could be, long term, a sensational long opportunity once Bitcoin ultimately crashes down to $40,000, which is my price target for sometime this year.
Genius chartist. Shitty trader. Story of my life.
I know some of you have made big sacks of money on this, and I am truly happy to be of aid toward that goal. At this point, I can only hope for a big bounce so I can get in again!
