That's what you called, "bad timing", it is not good idea to continue to go bearish while it is strong indication that bitcoi is bullish. Except if you go short entry and exit suddenly after small corrections.
But if you correctly read some good indicators with of course stop loss then you dont stucked with your bad entry.
Topic: This is why you DON'T want go short now 84% of the bearish options has wiped out - page 3. (Read 403 times)
March 24, 2021, 03:56:54 AM
March 23, 2021, 09:04:06 PM
short is okay if you are scalper using 1-15 minute chart 
but not for higher timeframe and we still need to wait if bitcoin break the major support line ghost "bearish" will haunted yall 
but not for higher timeframe and we still need to wait if bitcoin break the major support line ghost "bearish" will haunted yall 
March 23, 2021, 09:00:16 PM
The ones who short in the options market are the ones who see price could drop but got burned, probably hit the stop loss or worse margin call. It's a bad decision to make when there is a bullrun. A good option to do when there is a bullrun is to accumulate BTC in the spot market not USDT in the futures or options.
For those who really can real charts good, yes it's good for them earning USD.
It's still good to short when bitcoin correction happens just like now. We should just know the strong supports of it so we can know where to set our target profit and set our stop loss if it does not plays out. Those who were liquidated did not set their stop loss that is why exchanges wiped out their balances. Exchanges are making a lot of money from those traders. Even if it is bull season, market should have a correction for a healthy rally. New buyers will be tempted to sell their holdings because of this.
For those who really can real charts good, yes it's good for them earning USD.
March 23, 2021, 08:50:17 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.
In bull run, especially if you are talking about the bull run of bitcoin, the is extraordinary asset, short is stupid.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.
If taking into account the fact that shorters have no idea that what is the short position and how long they would keep their short positions open. They will be rekted, liquidated soon.
In bull market, any big dips of bitcoin are chances to accumulate and wait for bounces or higher highs. Don't short.
It's still good to short when bitcoin correction happens just like now. We should just know the strong supports of it so we can know where to set our target profit and set our stop loss if it does not plays out. Those who were liquidated did not set their stop loss that is why exchanges wiped out their balances. Exchanges are making a lot of money from those traders. Even if it is bull season, market should have a correction for a healthy rally. New buyers will be tempted to sell their holdings because of this.
In bull market, resistances are temporary and will be broken after few attempts. Higher highs are waiting always.The Idiots Guide to Margin Trading on Bitmex. That article can help to recognize how foolish shorters are in the bull market.
March 23, 2021, 08:40:38 PM
It's still good to short when bitcoin correction happens just like now. We should just know the strong supports of it so we can know where to set our target profit and set our stop loss if it does not plays out. Those who were liquidated did not set their stop loss that is why exchanges wiped out their balances. Exchanges are making a lot of money from those traders. Even if it is bull season, market should have a correction for a healthy rally. New buyers will be tempted to sell their holdings because of this.
March 23, 2021, 07:07:34 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.
March 23, 2021, 06:56:09 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
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
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