78 % in 14 days? Unusual you say? You're probably new to bitcoin, welcome. Let's just get a bit crazy on the chart and think the bitcoin way of price acceleration, shall we? Let's just project the last rise of 163 % in 54 days into the near future! So, lets make a quick 10,000.00 short to what you think, 9000? If you're not new to the bitcoin you might think this is a good place to short. I tell you it is not. First of all, if you ever even consider to short the BTC, just do it a bit above the key levels. lets say 10.200 or so and look how the price reacts, best with dynamic and movement. Looking at at the dynamic in the day chart with which the bitcoin reached $ 10,000.00, so far no short signal in sight. the price is around 9800 and 9998 for 2 days now, and still slowly continues to rise on the 15min chart, and not really a sign of weakness. just strong.
If you want a better short probably wait until $12,000.00 or so. But maybe it's a better idea to search for a new long position after we move to 9000 or even lower, if it even happens, and forget about the thing with shorting into such a massive uptrend. until that, do you really want to risk a long position? well in bitcoin everything is possible.
at least from what i know in strong growth stocks (like 100% a year) short sellers always attempted to short attack the stock price 3 or 4 times massively (like after it rose 60% in 3 months) but failed, so they stopped doing that and the price is moving slowly like a straight line without real disturbance. only someone with lots of money could do that, perhaps its better to stop shorting the bitcoin and learn from the mistakes of the others, last correction was a joke in comparison, anyway. perhaps the few possible, serious short sellers, anticipating prices like 5000, are already staying away from the market. if you think about it, every short longer lasting longer than a few days practically failed in the BTC.
or in simple words: dont short the bitcoin.
If you want a better short probably wait until $12,000.00 or so. But maybe it's a better idea to search for a new long position after we move to 9000 or even lower, if it even happens, and forget about the thing with shorting into such a massive uptrend. until that, do you really want to risk a long position? well in bitcoin everything is possible.
at least from what i know in strong growth stocks (like 100% a year) short sellers always attempted to short attack the stock price 3 or 4 times massively (like after it rose 60% in 3 months) but failed, so they stopped doing that and the price is moving slowly like a straight line without real disturbance. only someone with lots of money could do that, perhaps its better to stop shorting the bitcoin and learn from the mistakes of the others, last correction was a joke in comparison, anyway. perhaps the few possible, serious short sellers, anticipating prices like 5000, are already staying away from the market. if you think about it, every short longer lasting longer than a few days practically failed in the BTC.
or in simple words: dont short the bitcoin.
