Short now = make lots of money?

[stupido656]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

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[Bitcoin_Arena]

There is no accurate technical analysis in cryptos my friend. Anything can happen to the BTC price in the next 24 hours. It's purely based on hope, manipulation and speculation.
Luckily the BTC price is now volatile once again. Just notice the sudden deeps, Where the price seems to have settled up a bit is where you make an entry and set your sell target( not so high of course) To me 2-5% gains is enough in this bearish market because if you try to be greedy, You will loose everything.
Also never forget to set a stop-loss in case the price doesn't rise to your expectation.

[Charlie3]

trading as no guarantee if you invest money by thinking then you will definitely lose , we should invest money by analyzing and by calculating risks if you think that markets will go even low who know this might be the  bottom and you will risk your investments   

[The Sceptical Chymist]

BTC seems overbought...

Overbought when the price has already crashed from $20,000 to $3200?  Dude, you seriously need to reevaluate your definitions of financial terms.  At this point I'd consider bitcoin oversold, and if you sell it short now you might be in for a hell of a lot of pain and anxiety.  You might make money doing so if it were to fall to something like $2000 and you shorted a significant amount of it, but I would suggest doing the exact opposite.  Now is the time to buy in my opinion.  Smart traders generally don't begin their short-selling when an asset has already taken an extreme beating unless they're fairly confident that what they're shorting is doomed. 

Sears stock would have been smart to short when it was at $10, because it was clear to everyone that the company was headed for bankruptcy, and when it was at that price it had already fallen by a huge amount.  But bitcoin?  Nah, now's not the time to sell it short.  It's not headed for zero like most of the shitcoins--and remember, when you sell something short, your losses are limited only by how high the price can go.  If bitcoin suddenly rebounded and headed toward a new ATH, you'd be totally screwed and would have to cover your short position as soon as you could and you'd be doing it at an enormous loss.  Just don't do it.

[BitHodler]

It's quite funny how the mass manages to be wrong time on time again. They bought the peak near the end of last year and sold--likely will sell the bottom near the end of the current year.

At some point you should expect people to follow common sense and to see where they go wrong, but nope, they keep burning themselves chasing quick profits. This market literally trashes these folks.

A colleague of mine was EXTREMELY bullish weeks before the price tanked below $6000 and now suddenly thinks Bitcoin is going to fall to $1500 because "experts" said so. Smh.....

[Coyster]

Reset your priorities in this bearish market,and try for a second to take your mind off earning huge profits,itll help you ease the tension and the anxiety that comes with this period in the market..

If you bought for 5000 or so, if you sell now you'll be losing about 1800,its so much of a loss, if you hodl on,it could drop further meaning if you sell then you'll lose more than you'll lose now..

But the fact still remains you'll lose,isnt it clear now as its been said a thousand times already that the most rational step to take now is to be patient and hodl,and even purchase more bitcoins now it's a wee bit cheap.

[izanagi narukami]

When the market is on the red zone, better to stay still and watch the market responses.
I think the downtrend will keep happening until the end of the year and will start growing up new year 2019
But if you're really observant, you can earn profit in short term , it's just a matter of guts and luck !

[SvonioneFromMangoCoinz]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

Short-term trading will now be a wise decision. When the market suddenly falls and the price of these altcoins suddenly becomes cheaper, the price of these small altcoins will be easy to grow. We should invest in the new altcoins listed on the floor to get more profit. The new altcoins are often pumped very strongly.

[Mr.lucky]

if you want good money then real money is in long as real profits lies there and almost in shorting there will be lot of panic

[Hamphser]

Overbought can already be considered just looking up on the price history of Bitcoin itself came from ath and to this current price.Overbought if we do based on MACD
on technical aspects but I don't know how this analysis to be valid yet it doesn't even shows on 70 line. What settings you do put on?

[LogitechMouse]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

Its obvious that you are a newbie in trading because you don't know what overbought means. You are saying that BTC is overbought at this moment where in fact it is oversold. If Bitcoin is overbought, the RSI must be on the top but now its not. Its in the fucking below of the below of the below.

Anyway, shorting at this kind of market is somewhat risky because you don't know when the Bitcoin goes down or goes up and it is more stressful in my opinion because I tried it.

[rodalutor]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

Shorting now seems like a huge huge risk. Most people around here think we might see a bottom soon. Even if we don't see a true bottom I'd expect to see some sort of dead cat bounce. BTC seems like it will recover at some point so opening a short on something that is bullish long term is risky business. Shorting at 10k or 6k was a much better option than now.

[manggis97]

If you short Bitcoin start from when you create this thread until now you will make a lot of money.  But will be profitable to shorting by make deposit in USD and not any crypto because if the balance in crypto the amount will increase but the value will be going down.  To shorting BTC is good in regulated broker.  But for now BTC seem oversold and is better to long in crypto exchange without margin.

[beerlover]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

Seriously ? This clearly shows how OP and anyone who agrees with OP doesn't know trading at all. Shorting while something is already down 80%+ is insane, why would you start shorting now. It is exactly like buying leveraged longs while we were in 20 thousand dollar levels.

It makes no sense at all to short it when the price is so low. I am not saying buy longs or even buy but if you think bitcoin is going down just stay at fiat for a while until you decide its time to buy but do not risk your money shorting bitcoin when its already this low, the most likely scenario is you will lose a lot of money because of it.

This is exact opposite time to short since the price is not really good for going too much down, it may go down only a bit but it won't go down too much like it did in all of 2018.

[tranthiky]

You want to trade with short waves. You should trade with trading pairs with USDT with a time frame of 5 minutes, 15 minutes, 30 minutes. Look at the MA and MACD lines to predict the direction of the price with the short method. Besides looking at 2h, 4h, 12h time frames to predict future trends.

Set 2-5% profit and exit when you feel unsafe.

[arpon11]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

I believe that they are some people that follow this advice you have given and many of them have made some serious money from the market.  It is a good strategy to short when you know that the market is really going down.  Most of those that learn how to hedge when bitcoin was high and there was believed and evidence that bitcoin is going to fall through out 2018 have made Alot of money from the market.  Remember that what you know is what put money into your pocket.

[kamudd]

Short-term is indeed a fairly profitable trading method, but most of us sometimes have difficulty using several pumps in the market.

[Jating]

Short-term is indeed a fairly profitable trading method, but most of us sometimes have difficulty using several pumps in the market.

Profitable if they really well adept on how the price moved or well verse in reading graphs or have some sort of experience of Technical Analysis.

I also speculate that speculators has also evolved shorting not just bitcoin but the rest of the coins in this bearish market. Just imagine buying when the price is $3200 and selling it at $4200 last December makes sense.

But we also have to take into account the risk involved. If you have a faint of heart then shorting might not be the one for you though. Also the greed factor must be controlled as well.

[gabmen]

Short-term is indeed a fairly profitable trading method, but most of us sometimes have difficulty using several pumps in the market.

Not fot btc though. Many people who went in negative are the ones who shorted. I think it takes extensive experience and knowledge of the market to be efficient in shorting. Definitely not for me.

[mariah.sadio]

My advice is that you just have to sell it if its price is high. Do mot every panic sell a cryptocurrency you hold if you know you are short from it.