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RE: Bitcoin is back to trading like a risk off store of value...

in #bitcoin • 6 years ago

I am currently short, but I don't think we will get below 6,000 in 2020. I think Bitcoin will remain weak until mid-January, then it could go up again.

6 years ago in #bitcoin by
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         6 years ago 

        What platform are you shorting through?

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               6 years ago 

              Bitmex

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                     6 years ago 

                    Monthly EMA40 is slightly below 6000 USD currently, so it would require someone to find a serious bug in Bitcoin for it to crash a lot below 6000 USD... Other option is very unlikely, but some malicious trader with enough coins would need to cash out a lot of coins.

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                           6 years ago (edited)

                          Yea, given the overall backdrop for bitcoin right now, being short doesn't sound very exciting to me.

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