Not so fast. The only thing I am saying that I am certain on is lower lows (than $150) in the fullness of time. Bitcoin right now would be a no trade for me. IF it gets back up around and above $300, then I would short it. Otherwise, it is a game of 'pick the bottom'. I suspect that Bitcoin will retest the previous high, which is why I wouldn't short Bitcoin at the moment. However, I wouldn't bet on Bitcoin getting back up there either, which is why I wouldn't go long.