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Are you currently considering shorting Bitcoin?

  • Thread starter Thread starter deucher
  • Start date Start date

deucher

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In my opinion, many people are doing it wrong now because they hope for further growth of Bitcoin and they open long positions. I am sure that there will be a correction and many of them will lose their funds. I am now waiting for the right moment to open the shorts
 
Right now Bitcoin has broken the bullish channel that had not been broken for so long, that is about 4 years or so, so I am not considering any shorts at this time in Bitcoin, no one knows what can happen in the crazy crypto world, but it seems risky to me to short Bitcoin now.
 
Not just crypto market or Bitcoin in particular, all assets and all markets do not always remain in high position, assets and the market will lose value after being bullish for some time. Going ups and downs is common in the market. So, Bitcoin might go down but then it will again go up
 
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