I think it's time to go Short on Bitcoin

[goaldigger]

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 ?

This can be good for a serious traders that knows how to buy and sell but if you don't have experience with this one then I highly suggest not to do short trading since that's too risky. Bitcoin moves slower now, and hopefully to become more stable on this level so we won't see a big price corrections at all. Those who trading daily are probably making good profit with bitcoin and other altcoins as well, if you think Bitcoin is going down then look for other projects instead of too focus on Bitcoin alone.

[adaseb]

Now is not the time to short or even take your long profits. The time to take your long profits was when it was at $58K but still not short. In the past you saw how crazy bitcoin rallies can get. You don't want to be caught off guard like that. Imagine shorting $20K, you would of almost lost 3x your investment since it almost hit $60K.

Right now we need to see what the future brings. If BTC fails to make a newer high and keeps making lower lows then look to short, however now is not the time. Especially since we came very close to the $42K support and rallied away from $43K. There are still large institutions getting involved at these $50K prices. So another ATH is not off the table.

[maydna]

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 short on bitcoin, but you need to know that the price will bounce after reaching the low price because that has already happened many times a few days ago. Yes, the volume is lower, but that doesn't mean the price will be down for more or got another flash dump, but you should be careful. When you short on bitcoin, you need always to watch your trading and set the alarm to close your trading if the price retrace to the high price.

I don't short on bitcoin, but I trade, as usual, just to buy low and sell high. It is good for me because I can take $4-$10 for every trade, and I can do that more than 5 times a day

So I don't need to short right now

[elisabetheva]

This can be good for a serious traders that knows how to buy and sell but if you don't have experience with this one then I highly suggest not to do short trading since that's too risky. Bitcoin moves slower now, and hopefully to become more stable on this level so we won't see a big price corrections at all. Those who trading daily are probably making good profit with bitcoin and other altcoins as well, if you think Bitcoin is going down then look for other projects instead of too focus on Bitcoin alone.

indeed it is not advisable to trade properly without experience, it is proper advice from you not to do or avoid. although we know, now is the right time to make short-term trades, even though the risk is greater but the returns are also fast.

I agree with you that bitcoin seems to be starting to feel at home at the current price position, and moving not as fast as a few months ago where an hour could reach a sharp difference in increase.
of course this will make it easier for altcoins to develop and increase. at that time you can also trade in altcoins, which shows an increase.
because there have been many surprises that have also happened to altcoins, indicating that altcoins are starting to move and will make it easier to trade potential altcoins.

[abel1337]

I'm actually shorting bitcoin on futures trading, But after hitting the support lines I'm going long for a short period of time because it's just bouncing back on big supports. I'm not that good in TA but I am expecting it to go lower if bitcoin goes down below 43k. Those who short bitcoin from the 56-58k range in futures trading surely gained a pretty good profit from the current price of bitcoin.

[South Park]

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 ?

At the end of the day it is your decision but shorting bitcoin when we are still in the middle of a bull market is dangerous, maybe you are right and the correction we are seeing becomes an open crash and you earn a fortune in the process, but in my experience this is not good, the price has the tendency to move like this and then skyrocket once again, so if you are going to short the market at least avoid using leverage as that could destroy your account in a few hours under the wrong circumstances.

[gabbie2010]

Shorting Bitcoin near a support at $44K could be disastrous traders who shorted at $58K must have taken profit now waiting for a long position, although some analyst predicted March as a bear month based on the previous year price action the price might prove those analyst wrong going by the price surge this morning its up for every trader to decide the appropriate zones to long personally I think the price will be bullish this month.

[XZERO1]

I personally don't think the increase in price for Bitcoin is over yet, and we might see another big leg up soon, don't get bearish too fast, shorting Bitcoin while the trend is significantly up is not advisable and just because Bitcoin price actions seemed a little weak for a couple of days that should not motivate you to open large short positions.

Smartest move right now is to start opening smaller short positions now and if Bitcoin happens to keep going up adding more to your position, that way at least you can get a better average entry price for your position or you can open hedge long positions and be less exposed to risk if market goes against you.

[blockman]

I personally don't think the increase in price for Bitcoin is over yet, and we might see another big leg up soon, don't get bearish too fast, shorting Bitcoin while the trend is significantly up is not advisable and just because Bitcoin price actions seemed a little weak for a couple of days that should not motivate you to open large short positions.

Let them be bearish. That's what they think and thought about bitcoin so let them think like that. We have different techniques and thoughts about bitcoin this time.
And if the others are thinking that it's done and over, we think differently. This isn't the end of it and there's probably another run that might come soon.

[Smartprofit]

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 ?

Since March 2020, the rise in the bitcoin price confirms a bull market. 

The local price maximum was around $ 58,000.  Bitcoin price is currently below $ 50,000.  $ 50 000 is an important psychological price level for Bitcoin. 

However, in my opinion, we do not have convincing evidence that the price of Bitcoin will continue to decline.  Currently, there are no fundamental reasons for the decline in the price of Bitcoin.  The discount rate (refinancing rate) in the US has not yet increased. 

Consequently, the dollar against other financial assets will continue to fall in price.

[matchi2011]

Shorting Bitcoin near a support at $44K could be disastrous traders who shorted at $58K must have taken profit now waiting for a long position, although some analyst predicted March as a bear month based on the previous year price action the price might prove those analyst wrong going by the price surge this morning its up for every trader to decide the appropriate zones to long personally I think the price will be bullish this month.

It's moving up again and gaining good support, of this continue it will lead to touch $50K  in the next following days,
knowing the volatility it's very possible.

In the end of the day, each traders have their own understanding and they will follow their guts choosing what to do, either
long or short they've got reasons and opinions.

[rhomelmabini]

The technical may tell it's bearish but there's something that the fundamentals is telling. Recently Citibank just released a 108 page report regarding Bitcoin, here's the link: https://www.citivelocity.com/citigps/bitcoin/

There are other fundamentals to look into and as what sentiments are telling I think the bull market of 2017 isn't the same as the 2021 bull market since 2017 the institutional investors wasn't yet in the space, this time they're here. Who knows but 42k or 39k was the strong support, it may not hit or not but I'm just happy buying every dip.

[SirLancelot]

This can be good for a serious traders that knows how to buy and sell but if you don't have experience with this one then I highly suggest not to do short trading since that's too risky. Bitcoin moves slower now, and hopefully to become more stable on this level so we won't see a big price corrections at all. Those who trading daily are probably making good profit with bitcoin and other altcoins as well, if you think Bitcoin is going down then look for other projects instead of too focus on Bitcoin alone.

I think the same when there is not much happening in the bitcoin market it is best to switch towards the altcoins market and rather than investing into altcoins we should look to trade them because the price for altcoins is highly volatile. Sometime ago ethereum was going higher then it went down and such trend continue to happen so if one is smart enough to capitalize on these movements they can even profit with the altcoin market.

Day trading bitcoin is not a bad idea but the problem is that when not much is happening you cannot really sell and buy bitcoins quickly and have to wait for days and even weeks sometimes. The plus point with trading bitcoin is that even if the market is going down we can remain unscathed because it will recover but if the same happens within the altcoins market, panic is obvious.

[JooBra]

The technical may tell it's bearish but there's something that the fundamentals is telling. Recently Citibank just released a 108 page report regarding Bitcoin, here's the link: https://www.citivelocity.com/citigps/bitcoin/

There are other fundamentals to look into and as what sentiments are telling I think the bull market of 2017 isn't the same as the 2021 bull market since 2017 the institutional investors wasn't yet in the space, this time they're here. Who knows but 42k or 39k was the strong support, it may not hit or not but I'm just happy buying every dip.

It's no brainer to buy at this time, it's just a correction. We saw today a green day and everyone who bought at this dip it's pretty much already in profit. Sometimes it's better to keep it simple.

[Traderbtcc]

I won't advise you to short bitcoin at the moment, cause you will definitely end up incurring a loss from that trade, the crypto market is very volatile right now, most people (like me) have stayed away from trading for now due to the losses they have had, one thing we must understand is that the bull run is still on, bitcoin dumping to $44k was just a correction in the market, there are still alot positive sign that bitcoin will pump more this year, it's better you don't trade at all for now.

[rhomelmabini]

It's no brainer to buy at this time, it's just a correction. We saw today a green day and everyone who bought at this dip it's pretty much already in profit. Sometimes it's better to keep it simple.

Maybe you're correct but during a bull market I wouldn't go on shorting besides I'd have enough knowledge regarding the shorting position as it's more short and quick unlike longing in it. Good thing for those who are in profit and buy the current lower low but it's possible we may never seen a lower low again or the opposite of it, maybe to 42k, 39k, 36k level and that's still a healthy correction as you say.

[agustina2]

Shorting or not is not actually a wrong move since we don't know what will happen next.

For some people, it effective, for some, it's not. Be comfortable with whatever decision so we don't feel the pressure.

Sometimes we need to dive into any option to see the result.

[suzanne5223]

Shorting Bitcoin near a support at $44K could be disastrous traders who shorted at $58K must have taken profit now waiting for a long position,

Shorting at the range of $44K is not disastrous if you follow the speed use by the market to regain pump in price.

although some analyst predicted March as a bear month based on the previous year price action the price might prove those analyst wrong going by the price surge this morning its up for every trader to decide the appropriate zones to long personally I think the price will be bullish this month.

The market will definitely prove the analysis wrong because it is unreasonable to compare last year or previous ATH market with this current market where major investors are the institution.

[Peanutswar]

If you are trying to check the graph is of the Bitcoin have a downtrend still if you could see a reversal curve there is no longer to stay with the short position for sure the people would like to catch up again the next goal of another ATH which is the 60k. I tried to check with the base on MACD there is a signal already for the comeback of the coin.

Are you in short-term trading or long-term trading?. Well, it a both profitable if you manage to earn with the short position.

[Edsemen]

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 unpredictability of bitcoin market is within a hard pressures as of today, and this is really most interesting as previous performance of February did a great milestone of success. More traders earn good profit during that time while others didn't, but more interested investors is now starting to become attracted towards cryptocurrency. Hopefully, the next 24 hours we will able to see another bounce which is more bigger compared from the last time.