Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

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 think that this is likely. But the point remains. One should be trying to short the reversal, not short into sustained selling. Same principle as "buy the crash, sell the rally."