Last night's moves were just too satisfying! It was a carnival night for the bears.

I had just closed my ZEC position when BCH and WLFI practically handed themselves over. Right now, quite a few altcoins are rebounding hard, which is giving a perfect window for shorting.

Last night I kept an eye on BCH and WLFI as these two unlucky ones surged upward, and as soon as they hit resistance, I decisively went short. When I woke up this morning, there were tens of thousands in profit sitting in my account. I’ve already locked in profits on BCH (the entry points are clearly marked in the chart), and now I’m watching closely to see if it keeps acting up around the 570 neckline. I’m still holding the WLFI position, want to see how that plays out.

What’s the overall market situation now? It’s a revenge rally after a sharp drop. Last Friday, during that big plunge, I took profit on 80% of my ETH shorts—posted about it, you all saw. I figured I’d let the market jump around a bit, and when the rebound is in place, we can set up longer-term shorts at higher levels. Since when does a bear market end in a month? Normally it drags on at least a year—this is truly the golden era for bears.

Of course, there will be substantial rebounds and periods of sideways grinding along the way, but isn’t that just another chance to get back in? Right now, I’m especially watching the Fed’s meeting on December 10—if they actually cut rates, crypto will likely go wild again, and that new high will be the perfect short entry. But no rush, let’s see what those old folks at the Fed have to say first. There are plenty of opportunities—just look at last night’s short plays on BCH and WLFI, we nailed those with ease. 😊