CMC???
you mean coinmarketcap.com?!! if so you shouldn't be looking at the price there, specially when you want to short bitcoin! that price is an average and is far off from the price you see on exchanges most of the times.
for example right now it is $12,450 on bitfinex.
No problem, from now on I will reference the price on bitfinex and not coinmarketcap.
why?
it seems like you are gambling here...
I use algorithms that predict Bitcoin (and other crypto currencies) prices very accurately. I don't want to talk about their past success since you cannot verify that, but only give predictions that you can test and see if i'm right or not.
care to give more information? because a 1 liners saying you are going to short because it will fall does seem like a "recommendation". more like FUD if you ask me.
Sorry but it's not meant to create FUD at all, just writing so you can follow and see if my predictions are correct, then you can decide after seeing and believing that they have value.
I don't want to time the market now because Bitcoin already corrected a lot and any time it can start moving up so what I do is if prices go down then buy some more but not selling at the current market price. Also, I'm not a full-time trader and can't always time the market so I prefer to invest and wait for the prices to go up.
chris200x9, you can see that since my message the price dropped by 200 dollars. This is not a coincidence.
I'm closing 1/3 of the short now and lowering the stop to the entry price, so this trade will yield a profit no matter what.