German trader DonAlt announced to his Twitter followers that those who short bitcoin could go bankrupt.
DonAlt believes that the BTC uptrend is presented as a series of peaks and falls. When each subsequent peak is higher than the previous one, this can be interpreted as a sign of the continuation of the trend. On his Twitter on February 11
trader writes:
“I left for a week and all I saw was a bunch of people proudly shorting a higher bottom,” the trader wrote on Feb. 11.
DonAlt added that it would take a big enough pullback to change his mind. So far, the trader believes that the bullish rally continues:
“All I don’t want to see is a massive downturn. Let’s say if we go to $20,000 or $19,000, then these are the marks where I start to worry about the fallacy of my thesis. Bitcoin, of course, can easily rise after, but I will believe that I made a mistake that will most likely make me sell. Anything above $20,000 or $19,000 is not going to knock me out of my position for now.”
On the afternoon of Sunday, February 12, bitcoin is trading at $21,817. Earlier, in January, the rates of BTC and many altcoins went up.
