puh for a second I thought my short at 474 would get squeezed
I'll see where this goes now from the sidelines
You shorted at $474? Are you fckin nuts?
Same was said to those who shorted at 1000, 800 and 600. 10K by spring yadda yadda. No one should be listening to bulltards right now.
The point is that you don't sell DURING the crash, when a bounce could happen at any time. You sell BEFORE the crash right after a bulltrap when there is low volume and everything is fizzling out and all the indicators are going down.
How do you know the crash has begun and this aint just a warmup ?
I don't. In that case, I lose out on a good short. But it doesn't matter. You're discussing speculating on something that
might happen and has a lot of risk. That's not the way I trade. I only trade when I have a good setup and I'm 80% sure that I'm going to win, and have a strategy to control risk. So I just ignore the trading opportunity and wait for another one. For example I'll at least wait for some kind of large spike (bulltrap) and then I'll short that. I'll then be prepared to cover this short very quickly if I feel that it is not a bulltrap but more of a longer-term recovery.
I guess you'e in a different situation though in which you're currently
long. Maybe you're too heavily invested in btc now and you're forced to make a trade or else you feel like you are losing all of your capital. It sucks to be in that situation. One should not have been long like that to begin with every single MACD on every scale on bitcoinwisdom was down.