Hi,
I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...
Overbought it doesn't mean good idea to buy because you should know when the price goes up and how you can deal if the price goes down more deeper. Read the trend is the most important analysis before enter the market and suggest you to do that, short/ long strategy it doesn't matter just read the trend first, agree?
Proven fact suggests to be friend with trend and experienced traders never think to open a position against trend. I am not agree with the definition of 'overbought' which created by useless indicators. Naked price chart is best to follow price action without other tools that tells you do x if y happens.