Quote from: GeckoTrader on August 22, 2018, 06:17:01 AM

Earlier today BTC dropped roughly 3.7%, falling from around $6,450 down into the $6,200 region. Price wicked the lower end of the support and consolidation zone and was propelled back higher in what is becoming the same old song and dance.

lowest price TODAY was $6405. in fact by the time you made your post here price has risen to $6906 and came down a little to $6750 then you made this post! maybe you are copy pasting this comment from somewhere that posted it before but you need to look at the charts before posting things here Cheesy

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Currently we are in a no trade zone but should price continue to climb higher to $6,580 or above, we will consider looking at placing some sell orders and ride it back down.

again you should check the charts before posting. price already broke above that and reached $6906! selling at $6580 meant losing a big amount of money since after the rise price is still at $6669

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We are NOT shorting just yet, but rather looking for some kind of bearish rejection candle on 4h to confirm our theory.

the only time that shorting bitcoin may be a good idea is if a big bad news happens like an exchange hack, and possibly even the ETF rejection. other than that, at this point shorting bitcoin is dumb.