I think it's time to go Short on Bitcoin

[DJANAS]

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 ?

[jackg]

Shorting from 60k mightve been better .

I do think we have seen a triple bottom in the 44-46k area so we could go down, but we're also trading on weekend volume for the next 20 hours so something different could easily happen.

[$crypto$]

We do not know what will happen in the future, but now it seems like the decline continues and the market cap has now fallen from less than 1 trillion.
But I still have hope this is only a temporary correction so that we will continue the adventure again with higher prices.
But I don't need to worry because it won't be so bad as before it will be a bear market maybe because the FUD or the bullrun effect took too long and maybe there are other things that turn the market red.

[Viscore]

$45k, we're still at best. I don't need to worry about that but honestly, I was hoping to drop more and give me a chance to accumulate more Bitcoin.
It sounds ridiculous hoping for a dump instead of a pump, maybe you are right but we know it only has a little chance as these huge market players keep buying.

Maybe, I just have to close my eyes this time and never have to check the price. Because it maybe might give us a surprise that we get back to $50k by tomorrow, who knows?

[ice098]

For now it is good to short bitcoin, in 1D chart is says we're still having a dump the selling pressure is strong people cannot expect pumping in this week maybe based on my own TA but I'm not expert okay, it could not go lower to $33,172 but there will be some time for people to accumulate more bitcoins in this range and we can expect in this March before it will end bitcoin will pump again, April will be a bull run again for bitcoin and alts so do some short for now.

[TinaK]

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 ?

The current market is decline so we never predict how much it will pump or dump in further days. The panic sell is continuously increasing so peoples are hard to sell or move on other altcoins is gradual result of Bitcoin.
I think this is the perfect time for buying BTC for long term investment and once continuously big whales are enter in the market automatically it will going to moon.

[JeromeTash]

I have been shorting all the way from around $50K but in short time frames because I wasn't sure at what point the mark would rebound. The next few hours will vital for us to know whether it will be another week of reds or a bounce back.

I don't think trading volume has a direct impact on the trend. Both highly bullish and bearish trends involve high trading volume while low volume signifies a less volatile or sideways market.

[chaser15]

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 don't like to speculate things based on Bitcoin's previous week's performance as it doesn't have any fundamentals that we can rely on.

Checking the indicators per week where BTC was seen as overbought or oversold is more of a better basis compare to checking the last week's volume.

But it's up to you at the end as our observation and analysis vary to each other.

[blockman]

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 ?

That is fine. Just think of it as another buying time and opportunity. How much you've bought bitcoin? did you buy at the peak or no? if you've bought at the peak, you're mostly worried because your money on bitcoin is becoming less in value.
We can say that bitcoin topped at $58000 and that's really the peak this time. But it doesn't mean that it can't go back there or if it's getting another support at $40000 then that's it, that's still a 5 digit for bitcoin.

[The Zohan]

Shorting bitcoin right now is playing with fire, you will get burned. Big money is investing into bitcoin now, corporations with billions of dollars in usd. It just takes Apple or Amazon to jump in and the price is over 70k and shorts get absolutely destroyed.

[Maslate]

It's been almost a week already that bitcoin has been struggling, so yeah, that is a good idea, shorting bitcoin based on the price trend now is nice decision. You know it pumped big time so correction does really happen, and just like when we follow the uptrend, this is the down trend that we should follow as well.

[maxreish]

You can still do shorting. Just make sure you have set stop loss. Check also the trading volume as where are also majority of traders are going right now. Sometimes, its just a bait so traders think it that way to do some short entries and will liquidated at the end. But, it is still up to you. If your TA certainly telling you that you go for shorting, then go for it.

[Johnyz]

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 ?

You can do whatever you want, and you really have to know what you are doing. Shorting is too risky on a down market because its hard to know if the market will still go up, or it will continue to go down. We’re still on a good price level, staying above $40k, but I’m sure if we hit $30k level again, people will start to panic big time.

[Viscore]

Shorting bitcoin right now is playing with fire, you will get burned. Big money is investing into bitcoin now, corporations with billions of dollars in usd. It just takes Apple or Amazon to jump in and the price is over 70k and shorts get absolutely destroyed.

That's correct but the hype is over, price will not just pump and go in one direction, it pumped even reach almost $60k and now that correction has started, I think we can see the opposite of bull run and I believe we will see a lower price than the current price.

[sayaya17]

It looks like this is just a correction to the 60k and it will probably be a correction to the lowest point at $40k, and it will continue the highest price,
maybe in 3 weeks bitcoin could be side away between $40 to $49, then it will rise slowly to $50k before flying to $60k. But this is just my assumption,
any possibility could have happened.

[SaShiRaJaVu]

That's correct but the hype is over, price will not just pump and go in one direction, it pumped even reach almost $60k and now that correction has started, I think we can see the opposite of bull run and I believe we will see a lower price than the current price.

The price will not pump and rally to new valuation in a continuous motion but the market was going in one direction for a long time and it is time we see some correction but i doubt we will see a big correction in March, the market will pump for a few more months but i wont be surprised if we have a range based market situation for a while and then rallying again and trying to break the all time high valuation before we see the major correction.

[DJANAS]

It looks like this is just a correction to the 60k and it will probably be a correction to the lowest point at $40k, and it will continue the highest price,
maybe in 3 weeks bitcoin could be side away between $40 to $49, then it will rise slowly to $50k before flying to $60k. But this is just my assumption,
any possibility could have happened.

Maybe i was wrong and you are right because after the monthly Candel closed, it seems that the price will go higher. i don't know 😅 i am just confused

[santiPOGI]

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 ?

According to my review and analysis on the graph of bitcoin in the chart, I could say it could be right time to buy them now then hold.
Due to the way I look at it, their next target this week is 60k$ each Bitcoin, and this is what might the whale wants to happen for the coming week.

[cryptoaddictchie]

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's a future trading contract then yes but it must have been done during hitting the possible highest resistance or let say closer cause it will fall but based on the weekly record it's really volatile for the past few days last night the support is broken and have a new figure which is really worry some cause it could go lower later when it goes to bearish trend.

[OcTradism]

I think bitcoin will drop to another Support in the next 24 hours, The volume is lower than the last weeks.

Bitcoin can fall to $38,000, $39,000 to $41,000 but I won't short bitcoin. I would like to wait its fall to those targets and long it. Short is mean you are gambling in this current price. In this current price, that is close to $41,000 and bitcoin can bounce back anytime. In fact you can see the price is bouncing after $43,000 was called hours ago.

If you want to short bitcoin, wait for another test on $58,300 to short it. A very important note is short position is for short time and you should never hold your short positions for long time. And if bitcoin breaks the cap at $58,350, it is the time you should accept your short position with a small loss and close it. After the break, bitcoin will take off with another 10% to 20% rise.