Hi,
I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...
I have done daily trading (short-term trading)
from that trade I can still get a profit, even with a small profit because of the falling price situation but it is still profitable for trade
You know what? Based on my experience as I tried to predict the price of the BITCOIN, technical analysis usually don't work. It is really hard to predict the market and the for me cryptocurrency market is more of gambling. You have to bet for unexpected rise and lows for you to win. You always need to risk your coins because there are no accurate predictions here. And also, overbought is not the right term as we consider it as oversold. Do not a short shell, you will end up very disappointed. Being optimistic is nice but being too optimistic will give you depression.