BTC could be a good short right now...

[tokeweed]

https://bitcoinwisdom.com/markets/okcoin/btccny

Let's use BTC/CNY since we all know the current driver/s are trading that...

Just speculating based on its current run.  BTC/CNY is running of out of steam and could go back down anytime now.

[1Referee]

It may go a bit lower at the moment, but not too much as I think next week we will make a jump to possibly $450. Just for the interest, what is your target low right now?

[tokeweed]

BTC/CNY 2600.  If it breaks clean past that, who knows.

[Alley]

Then do it and post screenshots for proof.  Put up or shut up.

[tokeweed]

Then do it and post screenshots for proof.  Put up or shut up.

You mad bro?

[jaberwock]

Still end of year weekend. I would not expect any steam for any side. Wait some days to decide

[MatTheCat]

https://bitcoinwisdom.com/markets/okcoin/btccny

Let's use BTC/CNY since we all know the current driver/s are trading that...

Just speculating based on its current run.  BTC/CNY is running of out of steam and could go back down anytime now.

Yep...that is correct:

https://www.tradingview.com/x/fMIBJQzF/

Glittering gains to be made on impending correction down to to around 2400 CNY.....or probs $360 ish on USD exchanges.

[Pasutinmeur]

Chinese Yuan is pegged to Dollar and other currencies. So shorting bitcoin/Yuan is the same as shorting bitcoin/dollar.

[Amph]

nah i don't buying it, this is a price correction and mostly meditation on the next move

it's like the market is waiting for it, i'm waiting the 500 mark to be broken, like it happened to the 300

[tokeweed]

Yeah... I guess we'll find out in the coming week.  The lower high is an indicator that the pump is over, at least for now and could be a good short to earn a little profit.

[NorrisK]

Yeah... I guess we'll find out in the coming week.  The lower high is an indicator that the pump is over, at least for now and could be a good short to earn a little profit.

We just had more than 100% gains in a couple of months, I don't think correcting back to 80% and relaxing a bit there is running out of steam.

Short term it was overvalued, but with respect to the longer term it is still undervalued, so I still expect it to rise further in the coming months.

[~Bitcoin~]

Then what about the holding force at around 400 can that be breaked easily ? I have never seen it getting broken from last few months. I don't think correction will lead below 400.

[8up]

https://bitcoinwisdom.com/markets/okcoin/btccny

Let's use BTC/CNY since we all know the current driver/s are trading that...

Just speculating based on its current run.  BTC/CNY is running of out of steam and could go back down anytime now.

agree. IMO it will be a short-lived short. targeting $380... after that get ready for a rise.

[tokeweed]

https://bitcoinwisdom.com/markets/okcoin/btccny

Let's use BTC/CNY since we all know the current driver/s are trading that...

Just speculating based on its current run.  BTC/CNY is running of out of steam and could go back down anytime now.

agree. IMO it will be a short-lived short. targeting $380... after that get ready for a rise.

I guess...  But we'll see.  It's really hard predicting these things.

[disclaimer201]

You are spot on with CNY as the main driver. I hope you are right with your speculation as I'd love to get some sub 380 Euro coins before people go into panic buying mode for no reason (aka block reward halving).

[suda123]

Then do it and post screenshots for proof.  Put up or shut up.

Oh god lol hausuuahue post pics op or didint happen

[richardsNY]

Nah. I think $400-$410 is strong enough to not let the price fall below it. Dumps can happen at any time, it will just cause the price to go down slightly. Nothing significant.

[MatTheCat]

Yeah... I guess we'll find out in the coming week.  The lower high is an indicator that the pump is over, at least for now and could be a good short to earn a little profit.

Lower Highs

Big fucking M tops all over the shop

MA Sandwich (13/30) resolving Bearishly on Daily Chart

4Hr (and lower timeframes) MAs are all crossing down.


Take yer fucking pick quite frankly.

Notice that it is all the same Kool-Aid guzzling perma bulltards (Amph, RichardsNY, etc), who are refusing to read the writing on the wall. That in itself could be another bear indicator to add to the list.

[Nrcewker]

BTCCNY markets is always short short short, and then the price jumped several times rather baffling, next is another short short short 

[r3t4rD4life]

Would have been a good short if you have tons of coins and the balls the short those coins. Was about a 10 dollar drop and then a rebound of about 7-8 dollars of the drop since this post. I've been burned like no other trying to short so I'm gonna go ahead and say that I disagree, right now is a terrible time to short. Unless you are absolutely certain that prices are going sub 400, shorting is not worth the risk. Be a man, hold, and if the ship goes down in flames then so be it. I'd rather hold till the bitter end then to get burned shorting and miss the train. Just my 2c.