This is too advantageous not to take. First I will list the reasons to short, second counter argument and keeping the best for last, why NOW?
Reasons for shorting:
- Bear market...
- Market cycles (we are at denial now this has been valid hundreds of times in the past, why would it be different now?)
- I see alot of people telling others they should buy and calling 3000 a bottom, but I see no one actually wondering if they should buy.
- Below the trendline pointing down, which can (should) be used as a trailing stop. The longer Bitcoin does nothing / slowly goes down the more in the green we are.
- That trendline has been respected alot of times, the odds that NOW is the time this changes are low.
- When it was lost as support in November it did not happen immediatly and price spent a while going below and above, as we can see here (so even if price goes up we might get a shot at breaking even anyway):
Reasons not to:
- Even if price goes down, it can take a really long time... Not sure it would be worth it even if it does go that way.
- Alot of people sold and might want to get back in by fear of missing out.
- There are no fundamentals driving this. My fundamental research comes from trolls on /biz...
- There could be another pump whales trying to bait fools so they can dump, they tried a few days ago already (when price went up to 3700 in 1 day), they might give it a rest now then come back for another assault.
Why NOW? Well, 2 reasons: First, denial usually lasts roughly 10% to 40% the time of complacency (you can check that easilly) and Bitcoin spent 9 months in complacency, denial is now at over 2 months (nearly 25%). It should not take too long to go down. Or might.
The second reasons is Bitcoin longs are running into their all time high on a monthly close basis, and shorts are going as low as they are ever going to unless the usual base number of shorts changes for some reason, but why would that change without a BIG reason? (Which we cannot predict and is unlikely, government news are never good and the code itself is not changing without us knowing it). This could tell us that sentiment is as good as it can be. So it cannot get better. Shorts can go up, but not down (nothing of what I say is 100% of course, this is a probability game). Ye people are wondering if OTHERS will buy and praying the price does not go lower, and no one is wondering if they should buy. The "good news" (crypto twitter shills) and bottoming has already been priced out if longs are so high and shorts so low.
Dump imminent In my opinion, waiting to short = risk going too late, shorting 1 month ago = too early.
I think this really is the best time.
BONUS!
Wink ;)
Wink ;)
Get ready for an illuminati moment...
Scam market.
Wink ;)
Wink ;)
Wink ;)Wink ;)Wink ;)Wink ;)Wink ;)Wink ;)Wink ;)
Wink ;)Wink ;)Wink ;)
Reasons for shorting:
- Bear market...
- Market cycles (we are at denial now this has been valid hundreds of times in the past, why would it be different now?)
- I see alot of people telling others they should buy and calling 3000 a bottom, but I see no one actually wondering if they should buy.
- Below the trendline pointing down, which can (should) be used as a trailing stop. The longer Bitcoin does nothing / slowly goes down the more in the green we are.
- That trendline has been respected alot of times, the odds that NOW is the time this changes are low.
- When it was lost as support in November it did not happen immediatly and price spent a while going below and above, as we can see here (so even if price goes up we might get a shot at breaking even anyway):
Reasons not to:
- Even if price goes down, it can take a really long time... Not sure it would be worth it even if it does go that way.
- Alot of people sold and might want to get back in by fear of missing out.
- There are no fundamentals driving this. My fundamental research comes from trolls on /biz...
- There could be another pump whales trying to bait fools so they can dump, they tried a few days ago already (when price went up to 3700 in 1 day), they might give it a rest now then come back for another assault.
Why NOW? Well, 2 reasons: First, denial usually lasts roughly 10% to 40% the time of complacency (you can check that easilly) and Bitcoin spent 9 months in complacency, denial is now at over 2 months (nearly 25%). It should not take too long to go down. Or might.
The second reasons is Bitcoin longs are running into their all time high on a monthly close basis, and shorts are going as low as they are ever going to unless the usual base number of shorts changes for some reason, but why would that change without a BIG reason? (Which we cannot predict and is unlikely, government news are never good and the code itself is not changing without us knowing it). This could tell us that sentiment is as good as it can be. So it cannot get better. Shorts can go up, but not down (nothing of what I say is 100% of course, this is a probability game). Ye people are wondering if OTHERS will buy and praying the price does not go lower, and no one is wondering if they should buy. The "good news" (crypto twitter shills) and bottoming has already been priced out if longs are so high and shorts so low.
Dump imminent In my opinion, waiting to short = risk going too late, shorting 1 month ago = too early.
I think this really is the best time.
BONUS!
Get ready for an illuminati moment...
Wink ;)
Wink ;)
Wink ;)Wink ;)Wink ;)Wink ;)Wink ;)Wink ;)Wink ;)
Wink ;)Wink ;)Wink ;)
Trade active:
OOf finally filled. Took 10 minutes exactly, price did not move one bit on Bitmex lol.
I am excited now.
No bad joke now Bitcoin please.
I am excited now.
No bad joke now Bitcoin please.
Comment:
Drop could be imminent
Also, I think it could look like this:
Can it be like gold where denial is short lived and drops fast and then it bounces fast too. If BagH0DLers decide to HODL for 900 days after that who cares crypto will be dead and we will all trade something else anyway. Just let us have our fun then go be sore losers and blame "tHe BaNkS".