I think it's time to go Short on Bitcoin - page 2.

wheelz1200

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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 ?

I know this thread is a week old but I dont think you want to short at this point. Maybe some staggered sell offs if you want to get in at a lower position, but one crazy run and ypu will be margin called real quick. Shorting in a bull or longing in a bear are dicey moves.

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Quote from: Hippocrypto on March 07, 2021, 04:03:22 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 ?

If it will drop consistently then you're fearing to loss your asset don't hesitate to sell. But if you have remaining holdings and you wanted to grow it evenly in the next future pumps, save it in order to gain much higher profit.
We need not to panic when price go down, time will tell market will continue to rise as long support goes stronger.

People do really have this kind of behavior on where they do really panic out when they do saw their portfolio is going on reds and selling out for protecting your profits isnt something bad from time to time.

We can actually do such thing and then later on buyback when you do see or presume out the possible bottom and when the market tends to rise up again then that would be an another profit for you.

But if you are holding your coins for future aspects then these movements wont really be a bothersome on your part since you do know that there would be always a recovery.

Hippocrypto

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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 ?

If it will drop consistently then you're fearing to loss your asset don't hesitate to sell. But if you have remaining holdings and you wanted to grow it evenly in the next future pumps, save it in order to gain much higher profit.
We need not to panic when price go down, time will tell market will continue to rise as long support goes stronger.

LUCKMCFLY

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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.

TheGreatPython

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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.

You may be right, I don’t hold much this time, I am just holding a small amount that I left there in my wallet in case the price continues to go up so that I can be making some profit.

But, the market has been doing something like this for long, it goes down and we all think that it is the bearish trend that is about to kick in and the next thing you know the price is going all the way back up again. So it’s possible that the same thing might be what we are seeing again or maybe not. I will be happy if it goes some more up so that I can make some more profit.

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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 ?

I think you waited too long to open the thread. Feb 21 or Feb 20 would have been the two days to write this post/thread.

You should lock it..

as the time now is to buy it cheap before it hits 70k

newwest

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Quote from: doctor877 on March 04, 2021, 11:51:15 AM

there is no 100% confirmation on shorting now except you will short for small moves and take little profits otherwise you might be liquidated. we are still very much in bullish trend just that there might be some little pull backs. check your charts to be more familiar with market trend.

Shorting hurts the most because bitcoin tends to bounce back quickly and, in that case, you lose the value very quickly when you are shorting it. So, I do not prefer to short anytime and being an investor its always better to believe based on your research and the goals you have set in. So overall the market looks very positive and high chances to see any time ATH again in coming months.

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When have chance bitcoin under $48000 better you try for long bitcoin and wait until raise above $50,000. I think bitcoin will going on above $50,000 looking many time failed raise to higher price, third time correction and I think enough and stronger for bitcoin back again to higher price, maybe short is not good choose looking with moment bitcoin wake up to higher price, but if you want to try short better choose above $50,000 because very risk if you want to short now.

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Quote from: doctor877 on March 04, 2021, 11:51:15 AM

there is no 100% confirmation on shorting now except you will short for small moves and take little profits otherwise you might be liquidated. we are still very much in bullish trend just that there might be some little pull backs. check your charts to be more familiar with market trend.

I don't see any reason to short the bitcoin. The market sentiments are still bullish and they will remain bullish until the bitcoin is above 40K. There is a lot of support at 45K , 42K and then psychological support at 40K, so it will be difficult for bitcoin to move below these levels.
Also we hear MicroStrategy and other companies keep buying bitcoin on each dip which keeps the bitcoin price up.

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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.

It is a bad idea no doubt about it, personally I do not like to short markets because as we know when the stock market begins to go down the government prints a bunch of cash and injects liquidity to the market making it to go artificially up, and while this does not happen here, bitcoin has a long term tendency to go up so shorting seems like a waste of money, but shorting it when it is so close to its support is simply a bad idea that is not justified according to what we see in the charts.

emmybd

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As far as bitcoin is concerned we can't say what would happen in the future. But, it has gone up for some time, so it's time to go down. Recently, the volatility has been very high in the market, so traders have to be careful as it can go either way. There is also a strong possibility that it can go 3k or 4k up again and then go down which has been the pattern in the market recently.

Rasel5209

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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 ?

I think too that bitcoin price can be fall down. Bitcoin price always pump or dump but this pump is rocket. I this it price dump same way.

akar87

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Check on the market now you have many option to try short or long because bitcoin touch and back again under $48,000 and you still analyze which one coin have to short or long. I see last few hours bitcoin failed break out above $50,000 and become good way if you wanna try to short bitcoin or altcoin, just check which one potential give much profit to short or long now.

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Each correction has a purpose, for the next market move. Therefore, no decision should be taken by being overly excited in any situation in the market. Because the Bitcoin market is now in a position where it is very difficult to make any kind of decision about the next movement.

If you have opened a short position after this post, then you may have already realized how wrong decision you have made. Now the bulls are very strong in the market, they will make you want to make wrong decisions in various ways.

So now instead of opening any short position in Bitcoin, you should hold your hodl Bitcoins to enjoy the next bitcoin price movement.

doctor877

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there is no 100% confirmation on shorting now except you will short for small moves and take little profits otherwise you might be liquidated. we are still very much in bullish trend just that there might be some little pull backs. check your charts to be more familiar with market trend.

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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.

That is not something you have all the time, it only happens in a bull run or in a recovery from a correction which is why we see them like that and those two things are not that common, they happen very rarely. People were happy about the super increase that happened since October for example, but the last one was in 2017, we had a short increase in April 2019 that took us from around 4k to 14k and that was nice but aside from that we never reached back to 20k, and that shows you what kind of rarity it is and how hard it was.

So long story short ,we are in a situation where these charts are something we miss, we miss that a lot, it happens only for a short span of time and leaves and doesn't happen for years, same will happen in the future. However we are lucky that we know it happens once in a while and it takes us super high so we could just wait until that happens.

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Quote from: Mauser on March 02, 2021, 04:25:10 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 ?

I am not really convinced that bitcoins are going to fall a lot any time soon. Every time we see a drop in the market there is another 10% rally the next day. Like right now, bitcoin dropped below 50,000 USD just to bounce back again. In my opinion there are still a lot of buyers out there who are looking for good entry levels. It looks very risky to short bitcoins at the moment.

As per the comments above, shorting can be done- that's for sure - but you might find yourself that it is not working as well as you thought. BTC dumps are now minimized and you can never know which way/or how high it will go. Can potentially do it but like with everything else crypto related can be risky. So if you can manage that risk, give it a shot...

Rehan Zakir

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Bitcoin is just taking some correction. And after after that they again take a upward flight. Bitcoin test the 42000$ level and again move upward. So, if you want to take a short trade close it with small profits. Don't hold short position for long term. Overall Bitcoin is very bullish and holding long position for long term is a good choice.

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Quote from: carelessboy on March 02, 2021, 10:12:50 PM

yes. possibility to bitcoin dump 42k

Bulls are stronger this time, hello $51k instead of $42k.

Quote from: carelessboy on March 02, 2021, 10:12:50 PM

but don,t panic and buy more because chance to bitcoin price crossed 70k usd in the year. hold your bitcoin if you have money go and buy bitcoin how much you can.

Not only $70k but most rumors are telling that $100k is very possible. It's time to long in bitcoin and if you have to short, do it because you need money and don't sell if you've got a good reason unless you really want to sell and don't regret it when you see it pumps back.

UserU

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It dipped twice, maybe three times the charm? Grin

I'm looking forward to buying in if that happens again.

Quote from: cryptomaniac_xxx on March 03, 2021, 04:31:06 AM

Well at least you have couple of days to short bitcoin, otherwise you will get REKT today, as the price is going up and we have touch $50k again. That's why it doesn't make sense to short it, specially in a bullish trend that we have right now. Goodluck though for those who make money or at least squeeze some profits.

I remembered shorting BTC during the last year's bull run and lost some profit along with my principal.

Topic: I think it's time to go Short on Bitcoin - page 2. (Read 665 times)