People advocating shorting are one (or more) of three things:
1. New traders who decided that right now was the best time to short (probably because they have been in painful long positions).
2. Trolls.
3. Malicious.
Regardless of what fancy schmancy theory you trade, just use some logic:
Does it make sense to short a market that is already down 80% from its all-time, which is also the calendar year low and is below the YoY low?
Does it make sense to short a market that has been in a consolidative accumulation pattern since late February?
Does it make sense to short a market that is, today, just beginning the season bull phase?
Lastly, does it make sense to short a market that has lost over 70% of it's value 13 times in its very short history, only to rally exponentially higher each time?
No, it does not make sense. Do not listen to the ignorant, new or malicious traders who suggest shorting this market - it is dangerous and foolish.
Today, the 13th, is a Pivot in Time, it coincides with the Mirrored Foldback pattern that shows an extremely violent drive higher.
Sep 17
Comment: Tomorrow, September 18th, 2018, is the 216-degree of Venus. Fuel to drive higher - important swing.
Sep 17
Comment: Alternate Bat Pattern
snapshot
target 7550
Sep 18
Trade active: Very Bearish BTCUSD Shorts Chart
Descending triple top near all-time-highs.
snapshot
Sep 21
Trade active: Bears are getting killed - anyone need a bear rug?
snapshot
1. New traders who decided that right now was the best time to short (probably because they have been in painful long positions).
2. Trolls.
3. Malicious.
Regardless of what fancy schmancy theory you trade, just use some logic:
Does it make sense to short a market that is already down 80% from its all-time, which is also the calendar year low and is below the YoY low?
Does it make sense to short a market that has been in a consolidative accumulation pattern since late February?
Does it make sense to short a market that is, today, just beginning the season bull phase?
Lastly, does it make sense to short a market that has lost over 70% of it's value 13 times in its very short history, only to rally exponentially higher each time?
No, it does not make sense. Do not listen to the ignorant, new or malicious traders who suggest shorting this market - it is dangerous and foolish.
Today, the 13th, is a Pivot in Time, it coincides with the Mirrored Foldback pattern that shows an extremely violent drive higher.
Sep 17
Comment: Tomorrow, September 18th, 2018, is the 216-degree of Venus. Fuel to drive higher - important swing.
Sep 17
Comment: Alternate Bat Pattern
snapshot
target 7550
Sep 18
Trade active: Very Bearish BTCUSD Shorts Chart
Descending triple top near all-time-highs.
snapshot
Sep 21
Trade active: Bears are getting killed - anyone need a bear rug?
snapshot