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Stacking Sats on BTC Dump and Pump

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@nealmcspadden
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2 min read

We had some nice price action today, and I was able to trade around it a little bit. Net result, adding 0.006 BTC to my bag.

This will go into my eventual liquidity pool sale when BTC is in the 125k range.

Transcript

All right. So it is January 10th, Sunday, and another light volume thinly traded day. We saw some major price action here. Roundabout 3:00 PM Eastern, the market started tanking and you know, the more people get involved, the more weak hands there are the more people who are, you know, professional traders trading on margin.

They can get squeezed out because I don't think they are actually prepared for the. Volatility that Bitcoin has. So we saw the market started to take, I happened to look at the market and I said to myself, Oh, it's time to buy. So, Oh, I tried to log into Coinbase as quickly as I could took me about 10 minutes.

During that time, it went from about here 35 something up to 36,000. So I missed about $500 worth of the run here. By the time I got into my account and was able to trade, I was in at 35, nine 49. So I bought, you know, roughly $5,000 worth. That's what I had in my account. And then I put in, I like to do three legged, , trades where, you know, you'll sell one for a little bit at first resistance, sell another, a little bit at second resistance.

So third amounts at a higher level. And so that's what I did. So I sold it at 37, 1537, six 29 and 38, five 48. So, , what I did though, and this is kind of one of my general strategies. Was to sell back into the same level of us dollars. So there's 5,000 put in. I took 5,000 out, which leaves me with 0.006, Bitcoin more.

And that is now just added to my portfolio for. The longterm and obviously 0.06 is not a huge amount, but you know, every little bit adds up. So, you do those a few times, then you start to stack some sats and that's how I did it today.

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