Do you remember our analysis from 1.May? You should check it. We predicted bitcoin dump.
See a charts of short position. Do you really think that bitcoin will go down and most of traders who have shorts now will be rich?
Only 10% of people are longterm successful in trading. If you want to be successful too you should do what 90% people don't.
This chart shows opening shorts on bitfinex. But if you want to earn money on short somebody should sell and price should go down.
But if you have stoploss on your position then stoploss mean you will buy higher and of course price will go up.
Very soon can come short squezze and bitcoin can start new bull rally.
See a charts of short position. Do you really think that bitcoin will go down and most of traders who have shorts now will be rich?
Only 10% of people are longterm successful in trading. If you want to be successful too you should do what 90% people don't.
This chart shows opening shorts on bitfinex. But if you want to earn money on short somebody should sell and price should go down.
But if you have stoploss on your position then stoploss mean you will buy higher and of course price will go up.
Very soon can come short squezze and bitcoin can start new bull rally.