Topic: This is why you DON'T want go short now 84% of the bearish options has wiped out - page 2. (Read 380 times)
March 26, 2021, 01:22:54 PM
When bitcoin hit $60k a week ago, that's the point to take profits, after the correction has come, daily traders looking for such an event to stacked more coins, hence whoever short at the bottom after correction will regret it eventually, too late to sell at this point when bitcoin predicted to recover soon after the expiration date of the options as people will buyback for sure. Bitcoin should recover in the next week, it's time to buy more coins not the other way around.
March 26, 2021, 11:00:23 AM
I think we might get something similar to what happened last month when the options expired. It also had tons of open interest. 2 Days after the February expiry we bottom and proceeded to make a new ATH. In January similar situation, we bottom a few days after the options expired.
Dec 2020 doesn't really apply here because we were on a constant uptrend in those days, BTC kept going up and up before and after expiry so it had no effect. So I am assuming we get something similar this time around. Most likely we will recover in April, make new ATH in mid April and start to go back down at the end of April.
Dec 2020 doesn't really apply here because we were on a constant uptrend in those days, BTC kept going up and up before and after expiry so it had no effect. So I am assuming we get something similar this time around. Most likely we will recover in April, make new ATH in mid April and start to go back down at the end of April.
Does it matter what kind of price the options were at or is it just the volume of options. And was this also the same situation in the crypto winter in 2018 and 2019? Or were options expiry not yet a thing at that point?
Curious to know because if it becomes predictable then surely there is some way people make money here around options dates.
March 26, 2021, 12:57:14 AM
I think we might get something similar to what happened last month when the options expired. It also had tons of open interest. 2 Days after the February expiry we bottom and proceeded to make a new ATH. In January similar situation, we bottom a few days after the options expired.
Dec 2020 doesn't really apply here because we were on a constant uptrend in those days, BTC kept going up and up before and after expiry so it had no effect. So I am assuming we get something similar this time around. Most likely we will recover in April, make new ATH in mid April and start to go back down at the end of April.
Dec 2020 doesn't really apply here because we were on a constant uptrend in those days, BTC kept going up and up before and after expiry so it had no effect. So I am assuming we get something similar this time around. Most likely we will recover in April, make new ATH in mid April and start to go back down at the end of April.
March 25, 2021, 09:14:04 PM
Yeah, it doesn't really make sense to short during bull run as you will definitely get REKT.
I remember there was a thread somewhere advising to short BTC, LMAO, either he/she didn't know how the crypto market works, or just wanted traders to lose their money. As fas as the $6 billion worth about to expire or has expired already, this is just another blip if we see the price goes down, in the next 3 days after the expiration, the price could slowly increase again to maybe $60k or new all time high.
I remember there was a thread somewhere advising to short BTC, LMAO, either he/she didn't know how the crypto market works, or just wanted traders to lose their money. As fas as the $6 billion worth about to expire or has expired already, this is just another blip if we see the price goes down, in the next 3 days after the expiration, the price could slowly increase again to maybe $60k or new all time high.
Exactly.
I mean, everybody who trades against the trend will obviously going to be destroyed, like why would you do such thing especially if you're doing day Trading, that's a very classic profit burner, that's why you have to always update yourself on the current news about cryptocurrency because it always affect the price chart movement.
Trading blind or randomly will not give you profits always, if you happened to make one, then it is probably just because you're lucky in that day, but you don't have to make it a habit if you really wanted to be a professional trader.
Yup, that's it. I don't know who are going to short during a bull run though, maybe they got lucky and squeeze some profits, but this is not the way to make money in a bull run. Perhaps those traders who listen to others, influence by them to do this kind of trading activity.
And then later they found out that it is wrong though, and it's riskier than they initially thought about. Maybe a good way to learn their lessons, but it's very expensive.
March 25, 2021, 09:09:59 PM
Yeah, it doesn't really make sense to short during bull run as you will definitely get REKT.
I remember there was a thread somewhere advising to short BTC, LMAO, either he/she didn't know how the crypto market works, or just wanted traders to lose their money. As fas as the $6 billion worth about to expire or has expired already, this is just another blip if we see the price goes down, in the next 3 days after the expiration, the price could slowly increase again to maybe $60k or new all time high.
I remember there was a thread somewhere advising to short BTC, LMAO, either he/she didn't know how the crypto market works, or just wanted traders to lose their money. As fas as the $6 billion worth about to expire or has expired already, this is just another blip if we see the price goes down, in the next 3 days after the expiration, the price could slowly increase again to maybe $60k or new all time high.
Exactly.
I mean, everybody who trades against the trend will obviously going to be destroyed, like why would you do such thing especially if you're doing day Trading, that's a very classic profit burner, that's why you have to always update yourself on the current news about cryptocurrency because it always affect the price chart movement.
Trading blind or randomly will not give you profits always, if you happened to make one, then it is probably just because you're lucky in that day, but you don't have to make it a habit if you really wanted to be a professional trader.
March 25, 2021, 09:01:42 PM
Making short entry at the bull run season has a high risk. Because the information that come especially bad information will not directly give an effect to the holder.
They will see the movement price first before making a decision, differenr when they get a good information then they will not thinking a long time they will buy bitcoin and store then for long term.
As you can see now, bitcoin price movement is remain stand when there are a lot of a bad news comes and just for a sideaway market. It will be different if there are good infoemation comes then I believe its price will touch new all time high.
They will see the movement price first before making a decision, differenr when they get a good information then they will not thinking a long time they will buy bitcoin and store then for long term.
As you can see now, bitcoin price movement is remain stand when there are a lot of a bad news comes and just for a sideaway market. It will be different if there are good infoemation comes then I believe its price will touch new all time high.
March 25, 2021, 06:51:08 PM
This is why YOU DO NOT WANT TO GO SHORT NOW: BTC options
While the upcoming $6 billion Bitcoin options are about to expire, around 43% have already been deemed worthless. With the remaining open interest, Bitcoin bulls are mainly in control as the cryptocurrency’s price surge to its recent all-time high has wiped out 84% of the bearish options. https://www.forexcrunch.com/bitcoin-holders-expect-high-volatility-as-roughly-100000-btc-options-contracts-expire-friday/
Thats why all biggest whales buying not selling
I wonder what kind of masochist shorts bitcoin during a bull run, I am not in favour of shorting bitcoin ever but if we were in a bear market or even in a market that has presented sideways movement for months then I could at least get it at an intellectual level.While the upcoming $6 billion Bitcoin options are about to expire, around 43% have already been deemed worthless. With the remaining open interest, Bitcoin bulls are mainly in control as the cryptocurrency’s price surge to its recent all-time high has wiped out 84% of the bearish options. https://www.forexcrunch.com/bitcoin-holders-expect-high-volatility-as-roughly-100000-btc-options-contracts-expire-friday/
Thats why all biggest whales buying not selling
But shorting bitcoin now? It is true there is a slight downward correction but that is normal in most bull markets, unless you can time the top perfectly the current correction is not going to be enough to obtain profits, and when we add the fees and the taxes you should pay for your trades then you would have been better off by just holding your coins.
March 25, 2021, 02:15:05 PM
It's not hard to see that we had a new high followed by a correction and another new high that we're correcting from now. There's no bull market reversal, no big dump from ATH only a slow bleed as traders take profit. Those traders will buy back at lower levels, levels higher than the last dip of 43000.
When you see a real top you'll see the bubble has popped. We will correct about 50% in 1 day, just like in 2013 and 2018. If I had no coins now I'd be setting up for a buy at 45-48 thousand.
When you see a real top you'll see the bubble has popped. We will correct about 50% in 1 day, just like in 2013 and 2018. If I had no coins now I'd be setting up for a buy at 45-48 thousand.
March 25, 2021, 02:10:18 PM
In the cryptocurrency market, every year we normally have a few bearish phases during the last 2-3 weeks of March. I am not 100% sure about what causes this, but the fact that March is the last month of the financial year plays a large part in this price correction. I expect the markets to recover by the second week of April. Those who sell their coins now are going to regret when the next rally start in a matter of weeks.
March 25, 2021, 12:04:30 PM
Most of the time. They are creating such topic to scare those weak holders and start to sell out their assets,
Better not give them what they want rather to continue doing your own assessments and understanding, it will depend from how you percept your investment.
Good point to position your investment but make sure to have additional set back plans,
In case Bitcoin price fall for more, you should ready yourself not to lose hope and not to lose your invested money, shorting id for those who knows
what's their doing and those who understand and value each opportunities to earn.
Better not give them what they want rather to continue doing your own assessments and understanding, it will depend from how you percept your investment.
Such topics are created by bears in order for the price to continue to fall?
Taking a short during a bull run is a risky act that can leave you sad because you may jump in at the wrongest time, but if I must say this is the best time to make an entry as the bitcoin price have dump down from it previous all time high.
Good point to position your investment but make sure to have additional set back plans,
In case Bitcoin price fall for more, you should ready yourself not to lose hope and not to lose your invested money, shorting id for those who knows
what's their doing and those who understand and value each opportunities to earn.
March 25, 2021, 11:57:13 AM
I wonder whether we are still in a bull run. Because the price has started to come down again and I saw the price at $50.9k the least today and it is $51.5k now. If this decrease continues in the coming days, I will start doubting really much about the possibility that bear market has come again. But I don't think going short is a clever thing with Bitcoin and I won't change my mind whatever happens in the coming days.
don't lose hope about the results of BTC on this past couple of days, because it's normal scenario mate, especially when there is a correction of price wherein indeed sometimes it just happen before it bouncing back to the ATH or when its trying to reach more than what we are expecting.. So just relax because shorting isn't easy, keep holding instead of doubting on what are the possible things to happen. its useless , especially worrying about the negative results in the future . It can cause panic! .. So think positive always.. Take a break and drink some wine, just relax mate.. March 25, 2021, 11:01:13 AM
I wonder whether we are still in a bull run. Because the price has started to come down again and I saw the price at $50.9k the least today and it is $51.5k now. If this decrease continues in the coming days, I will start doubting really much about the possibility that bear market has come again. But I don't think going short is a clever thing with Bitcoin and I won't change my mind whatever happens in the coming days.
March 25, 2021, 10:47:40 AM
Such topics are created by bears in order for the price to continue to fall?
March 25, 2021, 10:35:28 AM
The op is right of course, anyone that’s telling people to short at this time is either not aware of what they are doing or just wants to misleading other traders, which is probably not going to make any sense at all since that’s not going to be helping them in a way that they think it’s going to be. They just don’t know what they are doing for sure.
The best time of entry is now, I dont know what had cause the massive down in prices but the best and accurate time to enter the market is now, definitely, Bitcoin price will be going high in the future more than the current bear at the moment. Newbies certainly will short their bitcoin selling at loss because of fear. March 25, 2021, 10:31:04 AM
The golden rule is you never sell when it's bearish, you actually hunt for more coins. 
Obviously we have experienced all the terms once in a while such as FOMO, Panic sells, and that's what we will see in reality now. Since couple of days it seems bitcoin is grabbing attention of everyone. More than half of the investors constitute of panic sellers. So let's just wait for them to do there panic thing and once the market is way low, just buy!
I follow step by step process in these times! Like. if bitcoin drops 500+ bucks, then put some fiat into it, then more for another 500+ bucks and then keep repeating it until it stabilises.
Obviously we have experienced all the terms once in a while such as FOMO, Panic sells, and that's what we will see in reality now. Since couple of days it seems bitcoin is grabbing attention of everyone. More than half of the investors constitute of panic sellers. So let's just wait for them to do there panic thing and once the market is way low, just buy!
I follow step by step process in these times! Like. if bitcoin drops 500+ bucks, then put some fiat into it, then more for another 500+ bucks and then keep repeating it until it stabilises.
March 25, 2021, 10:00:06 AM
Shorting Bitcoin in bull market requires good timing to catch correction. And if you can short at the top of the market cycle, you can reap massive profits, which many traders hope for. Similarly, it can be hard to go long in a bear market, when the price keeps falling and falling. Even recently some longs got liquidated during corrections. Trading with leverage is always risky on a volatile market, that's kinda the point of it.
March 25, 2021, 08:46:05 AM
Sure this increase what we are all looking forward and it is happening for sure , the price is not going down soon , a lot of money has gone into Bitcoin a lot of money that belongs to the big institutions and it has helped push the price to this current level price and it is going down from there, lots of them are going to holding for a very long time and now we also have lots of retail investors buying daily, so that very much helping the market to reach a higher level every time.
The op is right of course, anyone that’s telling people to short at this time is either not aware of what they are doing or just wants to misleading other traders, which is probably not going to make any sense at all since that’s not going to be helping them in a way that they think it’s going to be. They just don’t know what they are doing for sure.
The op is right of course, anyone that’s telling people to short at this time is either not aware of what they are doing or just wants to misleading other traders, which is probably not going to make any sense at all since that’s not going to be helping them in a way that they think it’s going to be. They just don’t know what they are doing for sure.
March 24, 2021, 07:01:39 AM
While it sounds like a lot of money, these are options contracts which give the right to buy/sell BTC. It doesn't mean that the actual BTC would be moved significantly as the contracts expire. I'm not saying that people should sell BTC because of the upcoming expiration date, but I don't think they should feel bullish either. As the article from the original post claims, the last time something similar happened on January 29 with a $4 billion contract expiry if I understood this correctly. Looking at the price charts around this date, there was no significant change of the price, just a brief jump on that day from $33k to $37.5k, and then back to $33k within two days. Such an event can be something to benefit from if a person is interested in trading, but it's not important in the long run.
March 24, 2021, 05:55:25 AM
There are still people who are expecting and hoping the price to come down to 15-20k dollars soon but I don't think such thing will happen in the near future. And when it comes to going short, I don't think it would be a wise choice as Bitcoin seems to be still in the bull market. So still many people are waiting for another boom in the price in 2021.
March 24, 2021, 05:28:08 AM
Short now this is the wrong decision, we need a completely different tactic.
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