I think it's time to go Short on Bitcoin

[akar87]

Check on the market now you have many option to try short or long because bitcoin touch and back again under $48,000 and you still analyze which one coin have to short or long. I see last few hours bitcoin failed break out above $50,000 and become good way if you wanna try to short bitcoin or altcoin, just check which one potential give much profit to short or long now.

[Rasel5209]

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 think too that bitcoin price can be fall down. Bitcoin price always pump or dump but this pump is rocket. I this it price dump same way.

[emmybd]

As far as bitcoin is concerned we can't say what would happen in the future. But, it has gone up for some time, so it's time to go down. Recently, the volatility has been very high in the market, so traders have to be careful as it can go either way. There is also a strong possibility that it can go 3k or 4k up again and then go down which has been the pattern in the market recently.

[South Park]

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 is a bad idea no doubt about it, personally I do not like to short markets because as we know when the stock market begins to go down the government prints a bunch of cash and injects liquidity to the market making it to go artificially up, and while this does not happen here, bitcoin has a long term tendency to go up so shorting seems like a waste of money, but shorting it when it is so close to its support is simply a bad idea that is not justified according to what we see in the charts.

[FIFA worldcup]

there is no 100% confirmation on shorting now except you will short for small moves and take little profits otherwise you might be liquidated. we are still very much in bullish trend just that there might be some little pull backs. check your charts to be more familiar with market trend.

I don't see any reason to short the bitcoin. The market sentiments are still bullish and they will remain bullish until the bitcoin is above 40K. There is a lot of support at 45K , 42K and then psychological  support at 40K, so it will be difficult for bitcoin to move below these levels.
Also we hear MicroStrategy and other companies keep buying bitcoin on each dip which keeps the bitcoin price up.

[akar87]

When have chance bitcoin under $48000 better you try for long bitcoin and wait until raise above $50,000. I think bitcoin will going on above $50,000 looking many time failed raise to higher price, third time correction and I think enough and stronger for bitcoin back again to higher price, maybe short is not good choose looking with moment bitcoin wake up to higher price, but if you want to try short better choose above $50,000 because very risk if you want to short now.

[newwest]

there is no 100% confirmation on shorting now except you will short for small moves and take little profits otherwise you might be liquidated. we are still very much in bullish trend just that there might be some little pull backs. check your charts to be more familiar with market trend.

Shorting hurts the most because bitcoin tends to bounce back quickly and, in that case, you lose the value very quickly when you are shorting it. So, I do not prefer to short anytime and being an investor its always better to believe based on your research and the goals you have set in. So overall the market looks very positive and high chances to see any time ATH again in coming months.

[philipma1957]

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 think you waited too long to open the thread. Feb 21 or Feb 20  would have been the two days to write this post/thread.

You should lock it..


 as the time now is to buy it cheap before it hits 70k

[TheGreatPython]

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

You may be right, I don’t hold much this time, I am just holding a small amount that I left there in my wallet in case the price continues to go up so that I can be making some profit.

But, the market has been doing something like this for long, it goes down and we all think that it is the bearish trend that is about to kick in and the next thing you know the price is going all the way back up again. So it’s possible that the same thing might be what we are seeing again or maybe not. I will be happy if it goes some more up so that I can make some more profit.

[LUCKMCFLY]

According to Op, what I think is not very good, I think that this is not the time to place short positions, although the market is in a correction, there is no confirmation that it is a bearish trend, to place a short position after Microestrategy announced that it bought more bitcoin is not a good option, and rumors that Netflix will buy Bitcoin.

I do not know if in the short term, the "scalping" mode trading will have a variant to position itself in short, it may work, that type of trading at least I do not master it.

[Hippocrypto]

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 will drop consistently then you're fearing to loss your asset don't hesitate to sell. But if you have remaining holdings and you wanted to grow it evenly in the next future pumps, save it in order to gain much higher profit.
We need not to panic when price go down, time will tell market will continue to rise as long support goes stronger.

[Hamphser]

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 will drop consistently then you're fearing to loss your asset don't hesitate to sell. But if you have remaining holdings and you wanted to grow it evenly in the next future pumps, save it in order to gain much higher profit.
We need not to panic when price go down, time will tell market will continue to rise as long support goes stronger.

People do really have this kind of behavior on where they do really panic out when they do saw their portfolio is going on reds and selling out for protecting your profits isnt something bad from time to time.

We can actually do such thing and then later on buyback when you do see or presume out the possible bottom and when the market tends to rise up again then that would be an another profit for you.

But if you are holding your coins for future aspects then these movements wont really be a bothersome on your part since you do know that there would be always a recovery.

[wheelz1200]

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 know this thread is a week old but I dont think you want to short at this point.  Maybe some staggered sell offs if you want to get in at a lower position, but one crazy run and ypu will be margin called real quick. Shorting in a bull or longing in a bear are dicey moves.

[fadhilz123]

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't predict what will happen in the next 24 hours, if your reference only about volume, Volume transaction every day is easy to increase and decrease. You should know that Bitcoin is a long term investment, don't try to find the lowest price and sell it for fast profits, you should buy it as an investment, not as a trading asset

[STT]

Any trade is best in a regular trend pattern and we're nowhere near to that.   If anything the bias is still firmly with going long, you can always guess tops but then also have to worry how long does that top last for because we have no proven regular trend  up or down right now its hard to call this.   Mostly we are positive is a fair take so calling short is unusual and you run against the tide, not that you must be wrong but this requires high conviction.

We are rising above 2 day average though also within a previous range, no set trend just recovery from prior selling and some repeat.

[Fredomago]

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't predict what will happen in the next 24 hours, if your reference only about volume, Volume transaction every day is easy to increase and decrease. You should know that Bitcoin is a long term investment, don't try to find the lowest price and sell it for fast profits, you should buy it as an investment, not as a trading asset

Not all investors are into long term investment, there are also traders who understand the market and they are aiming to get fast money and repeat it over and over.

It's your own assessment to define what influence that the market really move, if you feel that volume got that then following this is your own decision to make.

At the end of the day, it's you that obliged to deal with deeper research to make a much better system in your everyday trade.

[New.in.trading]

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 I could have one wish in Trading, I would like BTCUSD to move like this:

Turns out, my plan for BTCUSD was basically a contra indicator 

[blockman]

You can't predict what will happen in the next 24 hours, if your reference only about volume,

You can predict anything in the market as it's the same as guessing what shall happen within the next 24 hours.

Volume transaction every day is easy to increase and decrease.

But for bitcoin, it's always been stable and that's why it's no problem if the volume is just the case and basis.

You should know that Bitcoin is a long term investment, don't try to find the lowest price and sell it for fast profits, you should buy it as an investment, not as a trading asset

It's the opposite, you should buy it at the lowest price and sell it whenever you want, fast or slow profits. And you can't stop people for using it as a trading asset because it's on every exchange that you can ever find.

[akar87]

Now bitcoin up above $53,000 do you this best time to short or not, I think wait for tonight and see tomorrow how bitcoin price, but I like for short bitcoin right now and believe will back under $47000 again, last three day bitcoin have going down and become the same moment maybe tomorrow for bitcoin go back to lower price.

[Wilhelm]