A popular Bitcoin trader who turned 0.2 Bitcoin into $100,000 in a recent trading contest is now putting out bearish warnings about both the stock market and BTC.
The pseudonymous trader SalsaTekila just shared a chart of the plunging S&P 500 Index, quoting rapper Eminem and noting he “wouldn’t want to be long on anything right now.”
The trader, who is known as one of the most transparent in the crypto community, says he’s surprised “BTC isn’t nuking already.”
$SPX drowning hard I wouldn't want to be long anything right now… Every market I watch heavy, vomit on the sweater already, mom spaghetti he's nervous, but on the surface he looks calm and ready, he punts shorts, on $BTC already pic.twitter.com/QH602kcnw1
— SalsaTekila (@SalsaTekila) September 23, 2020
Although he’s concerned about the macro economy, the trader says the bottom might be in for Chainlink (LINK). He says he placed a substantial bet on the coin below $7.80, hoping it makes a big move to the upside.
The day trader, who finished second in the profit-and-loss individual rankings of Bybit’s World Series of Trading, now plans to sit back and watch the market for a while.
“I’ll probably keep my green button disabled on BTC until and unless legacy and commodities bounce. All those markets feel heavy together, rather stay side-lined. Big expiry coming Friday.
React to upcoming moves or events rather than predict them. Don’t give today’s gainz back.”