I think it's time to go Short on Bitcoin

TravelMug

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Quote from: JohnBitCo on March 20, 2021, 08:33:56 PM

Quote from: akar87 on March 10, 2021, 10:13:44 AM

What happen with short position, keep away from liquid calling because bitcoin yesterday and now keep raise to higher price, without any good news bitcoin keep reach higher price from $50,000 and now become fantastic with price above $55,000 early close with $60,000. But how bitcoin keep stronger raise to higher price or shortly will correction.

You short the bitcoin in a bull market and you will get rekt. Sometimes the indicators also show that bitcoin is going to dump and by shorting it you can get good profit. But as soon as bitcoin start to dump, the buyers jump in and keep buying every dip and push the price up. Its better only to long bitcoin or wait for an opportunity to long.

Of course, I think that's one rule of thumb during a bull market, don't short bitcoin otherwise you will be REKT by the super fast rally, even if you do some leverage. And to counter this, better be a long term holder and just buying during minor dips to accumulate bitcoin overtime. There's no secret here, you just have to really go with the current market situations and you will get profits eventually.

JohnBitCo

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Quote from: akar87 on March 10, 2021, 10:13:44 AM

What happen with short position, keep away from liquid calling because bitcoin yesterday and now keep raise to higher price, without any good news bitcoin keep reach higher price from $50,000 and now become fantastic with price above $55,000 early close with $60,000. But how bitcoin keep stronger raise to higher price or shortly will correction.

You short the bitcoin in a bull market and you will get rekt. Sometimes the indicators also show that bitcoin is going to dump and by shorting it you can get good profit. But as soon as bitcoin start to dump, the buyers jump in and keep buying every dip and push the price up. Its better only to long bitcoin or wait for an opportunity to long.

STT

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Go net long, short is a trade often needing closing in this market though BTC price has pulled back quite a bit it resolves upwards. Right now its not showing any weakness apparent, its above 2 day average and even faster measures.
I will give a bearish trigger to let your pet bear off the leash while we are under that near term. 57508, close here under 4hr bar and you have space to walk the bearish dog as it were and see how far it goes maybe speculate into Monday but its not an easy journey I guess. 56757 is first target downside, again ideal is to close under there and confirm or its not the weather for a bear.

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Quote from: agustina2 on March 01, 2021, 03:54:28 PM

Shorting or not is not actually a wrong move since we don't know what will happen next.

It is disastrous to short a coin or any asset about which you don't know what will happen next. Its only viable when you know or at least have a slight idea which way the market will move.

Quote from: agustina2 on March 01, 2021, 03:54:28 PM

For some people, it effective, for some, it's not. Be comfortable with whatever decision so we don't feel the pressure.

For whom it works - they know what they are doing.
For those who face loss - they just gamble with the movement and short selling is more like gambling to them.

Quote from: agustina2 on March 01, 2021, 03:54:28 PM

Sometimes we need to dive into any option to see the result.

If you know what happened recently with the gamestop share recently, you should never try to short sell an asset just to try it and see how it works. Not everything is worth testing or taking risks.

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Quote from: Poker Player on March 10, 2021, 01:29:40 PM

All these people who say they are going to short Bitcoin, I wish they would post proof that they have finally done so, but I don't see any. Playing to go short is playing roulette, it can only work if you have a lot of knowledge and you also need luck, because getting it right consistently over the long term is so improbable that it is practically impossible.

Personally I think it is better there is no proof, maybe they got scared or they reconsidered their position, just look at the market, we have reached yet another ATH and we surpassed the 60k level, anyone that shorted the market and used leverage probably lost a great deal of money if not all their capital, I simply do not understand why people want to short a market that is giving no signs that it is going to stop they are just wasting their money by doing this.

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Quote from: DJANAS on February 28, 2021, 08:55:57 AM

I think bitcoin will drop to another Support in the next 24 hours, The volume is lower than the last weeks.

what do you think guys ?

Well seems that you got the right thing , because it is that Bitcoin drop after 24 hours and that starts the fall down to 43,000$ in the last weeks.
But now it is climbing back again reaching 57,000$ once again and looks with high moral now that another ATH will soon be revealed .
Lucky those who had sold at 57k and bought back at 43k , they are surely having another more than 20% of their Bitcoin at held.

tygeade

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I guess there will always be some people who would be worried about bitcoin going down, obviously that doesn't make sense to all of us because we know that bitcoin will be doing awesome and there is nothing that will make bitcoin go down that easily, but we still can see these people and try to understand their point of view.

If there are this many people who think that bitcoin will go down, they could still be wrong but it could be at least understandable and that is because they are not doing it because they like it, they do it because they are afraid, they are afraid that they will lose the profits they made and that part is the understandable part because who would want to lose their money? Not this topic because it is talking about shorting so it is about making profit again by hoping that it will go down, that is why it is an improved version of selling because you fear it will go down.

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Quote from: cryptomaniac_xxx on March 11, 2021, 04:36:35 AM

Quote from: Poker Player on March 10, 2021, 01:29:40 PM

All these people who say they are going to short Bitcoin, I wish they would post proof that they have finally done so, but I don't see any. Playing to go short is playing roulette, it can only work if you have a lot of knowledge and you also need luck, because getting it right consistently over the long term is so improbable that it is practically impossible.

Because it's a suicide, and what we have seen since last week, if they do short bitcoin, they will be rekt and destroyed. Of course you can still short bitcoin, but you have to be cautious and know what you are doing. Long term, at this bullish phase is impossible. You have to pick the spot, we have notice that in a month, there is a week that bitcoin is going down. And maybe that is the perfect opportunity to go and short it and squeeze some profits.

You can still short but don't go much deeper than below 50k since it will never happen, people who do that will lose their money and its suicide to think bitcoin will dump while the reality is we are on green zone since the hype still there. The price is projected to rise up to $60,000 so expect many people will do long since this one is achievable, current price of bitcoin is at 56,000 so its quite near to reach at 60,000.

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Quote from: Poker Player on March 10, 2021, 01:29:40 PM

All these people who say they are going to short Bitcoin, I wish they would post proof that they have finally done so, but I don't see any. Playing to go short is playing roulette, it can only work if you have a lot of knowledge and you also need luck, because getting it right consistently over the long term is so improbable that it is practically impossible.

Because it's a suicide, and what we have seen since last week, if they do short bitcoin, they will be rekt and destroyed. Of course you can still short bitcoin, but you have to be cautious and know what you are doing. Long term, at this bullish phase is impossible. You have to pick the spot, we have notice that in a month, there is a week that bitcoin is going down. And maybe that is the perfect opportunity to go and short it and squeeze some profits.

tygeade

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Quote from: abel1337 on March 01, 2021, 02:22:24 AM

I'm actually shorting bitcoin on futures trading, But after hitting the support lines I'm going long for a short period of time because it's just bouncing back on big supports. I'm not that good in TA but I am expecting it to go lower if bitcoin goes down below 43k. Those who short bitcoin from the 56-58k range in futures trading surely gained a pretty good profit from the current price of bitcoin.

Yeah, but imagine shorting bitcoins when the price was pumping from 15k to 25k then people might have done short selling but the price kept rising so I am not a huge fan of short selling unless its some shit coin that is bound to drop at a particular time. For example doge coin is being pumped quite hilariously but everyone knows it will come down in near future maybe a little late but it has to come down once Elon Musk stops shilling for it.

Shorting doge coin is a good idea in my opinion and even bitcoin but the problem is that when you short sell a coin as good as bitcoin, it can back fire if market continues to grow.

Quote from: gabbie2010 on March 01, 2021, 04:14:51 AM

Shorting Bitcoin near a support at $44K could be disastrous traders who shorted at $58K must have taken profit now waiting for a long position, although some analyst predicted March as a bear month based on the previous year price action the price might prove those analyst wrong going by the price surge this morning its up for every trader to decide the appropriate zones to long personally I think the price will be bullish this month.

I never trust these analysts because where were these guys when bitcoin was dropping in early 2020? They all seemed to find a reason to support the bull or bear market instead of actually analyzing and giving their verdict.

Poker Player

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All these people who say they are going to short Bitcoin, I wish they would post proof that they have finally done so, but I don't see any. Playing to go short is playing roulette, it can only work if you have a lot of knowledge and you also need luck, because getting it right consistently over the long term is so improbable that it is practically impossible.

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What happen with short position, keep away from liquid calling because bitcoin yesterday and now keep raise to higher price, without any good news bitcoin keep reach higher price from $50,000 and now become fantastic with price above $55,000 early close with $60,000. But how bitcoin keep stronger raise to higher price or shortly will correction.

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Quote from: LUCKMCFLY on March 07, 2021, 01:41:06 PM

According to Op, what I think is not very good, I think that this is not the time to place short positions, although the market is in a correction, there is no confirmation that it is a bearish trend, to place a short position after Microestrategy announced that it bought more bitcoin is not a good option, and rumors that Netflix will buy Bitcoin.

I do not know if in the short term, the "scalping" mode trading will have a variant to position itself in short, it may work, that type of trading at least I do not master it.

Shorting during a bull run is one of the fastest ways to lose all your money, I understand that some people look at the price and think it is too high, but things have changed dramatically, the fact institutional investors are now openly buying bitcoin and stating that they are basically using it as a hedge against inflation plays directly into the narrative this forum has been establishing for years in which under an important economic crisis bitcoin will protect us from inflation, and since governments are still printing a lot of money it is not wise to short the market as inflation is nowhere near where it should be as many people are saving the money they are receiving from the government in case they needed it in the future.

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akar87

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Now bitcoin up above $53,000 do you this best time to short or not, I think wait for tonight and see tomorrow how bitcoin price, but I like for short bitcoin right now and believe will back under $47000 again, last three day bitcoin have going down and become the same moment maybe tomorrow for bitcoin go back to lower price.

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Quote from: fadhilz123 on March 07, 2021, 06:20:18 PM

You can't predict what will happen in the next 24 hours, if your reference only about volume,

You can predict anything in the market as it's the same as guessing what shall happen within the next 24 hours.

Quote from: fadhilz123 on March 07, 2021, 06:20:18 PM

Volume transaction every day is easy to increase and decrease.

But for bitcoin, it's always been stable and that's why it's no problem if the volume is just the case and basis.

Quote from: fadhilz123 on March 07, 2021, 06:20:18 PM

You should know that Bitcoin is a long term investment, don't try to find the lowest price and sell it for fast profits, you should buy it as an investment, not as a trading asset

It's the opposite, you should buy it at the lowest price and sell it whenever you want, fast or slow profits. And you can't stop people for using it as a trading asset because it's on every exchange that you can ever find.

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Quote from: New.in.trading on March 02, 2021, 05:03:48 AM

Quote from: DJANAS on February 28, 2021, 08:55:57 AM

I think bitcoin will drop to another Support in the next 24 hours, The volume is lower than the last weeks.

what do you think guys ?

If I could have one wish in Trading, I would like BTCUSD to move like this:

Turns out, my plan for BTCUSD was basically a contra indicator Grin

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Quote from: fadhilz123 on March 07, 2021, 06:20:18 PM

Quote from: DJANAS on February 28, 2021, 08:55:57 AM

I think bitcoin will drop to another Support in the next 24 hours, The volume is lower than the last weeks.

what do you think guys ?

You can't predict what will happen in the next 24 hours, if your reference only about volume, Volume transaction every day is easy to increase and decrease. You should know that Bitcoin is a long term investment, don't try to find the lowest price and sell it for fast profits, you should buy it as an investment, not as a trading asset

Not all investors are into long term investment, there are also traders who understand the market and they are aiming to get fast money and repeat it over and over.

It's your own assessment to define what influence that the market really move, if you feel that volume got that then following this is your own decision to make.

At the end of the day, it's you that obliged to deal with deeper research to make a much better system in your everyday trade.

STT

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Any trade is best in a regular trend pattern and we're nowhere near to that. If anything the bias is still firmly with going long, you can always guess tops but then also have to worry how long does that top last for because we have no proven regular trend up or down right now its hard to call this. Mostly we are positive is a fair take so calling short is unusual and you run against the tide, not that you must be wrong but this requires high conviction.

We are rising above 2 day average though also within a previous range, no set trend just recovery from prior selling and some repeat.

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Quote from: DJANAS on February 28, 2021, 08:55:57 AM

I think bitcoin will drop to another Support in the next 24 hours, The volume is lower than the last weeks.

what do you think guys ?

You can't predict what will happen in the next 24 hours, if your reference only about volume, Volume transaction every day is easy to increase and decrease. You should know that Bitcoin is a long term investment, don't try to find the lowest price and sell it for fast profits, you should buy it as an investment, not as a trading asset

Topic: I think it's time to go Short on Bitcoin (Read 665 times)