Bitcoin — Why I’m Hedged in Both Directions

Will miners continue to sell off Bitcoin and give traders a discount?

Alpha Trades
DataDrivenInvestor
Published in
4 min readJun 5, 2020

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Bitcoin crypto, Image by Pete Linforth from Pixabay
Bitcoin crypto, Image by Pete Linforth from Pixabay

Happy Friday, reader!

On the 2nd of June, I entered a new short in BTC at an average price of 9690 with a stop at 10600 after a lengthy discussion about closing my recent swing trade short at a loss due to the big short squeeze stopping out my…

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