xFuD
Short

There may be another short setup soon.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
67 views
1
67 1
If a company is valued at $10 rises to $20 then comes back to $12, should you be long in the short-term and mid-term time frames?

The answer is no.

The proper play here is either to stay out of the market or to be shorting strategic positions.
-There isn't huge profitable moves right after a huge movement. Market needs a few weeks to get a good movement in.

My current plan is not to take the long side of the market. Because choosing what not to do is as important as choosing what to do.

Because every moderate pump will be met with selling. People who bought at $270 will sell to you. People who bought at $260 will sell to you. Maybe $250 buyers will sell to you. After a crash like that, who wouldn't want to minimize their losses?

This does not mean you should take a short right now though. Because there could be a pump. Even a small one perhaps.

The best option is to short when the price moves up and it just seems obvious to short. Or, the market could just straight drop to $220, and then $200. It's possible.

$240 area is a strategic area to look for a short with a tight risk-reward ratio. If price moves up more and in a parabolic motion, a higher short would be possible. But as of now, there is great long or short opportunity. It's just people trying to catch the bottom here against people selling their coins they bought on the parabolic movement up.

I don't think staying in a small short position is a bad idea either - but it's not necessarily worth the time and risk.
For example, holding this short I mentioned here isn't bad but I don't personally like these kind of plays as they take longer:


And check the related idea I made after I got short near the top (below)
I began another short. Did not size entirely in - not worth it.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out