The folks over at the Forex factory Bitcoin Thread have been trying to short it and not having a great time. It's never fun to try and halt a runaway freight train although they might be getting their wish now if this isn't just a standard pullback/corrective move. This pullback looks more counter-trend impulsive than corrective though - don't see any previous resistance that can act as support until around 11500, moving averages (4H 20 and 50 EMAs) still intact. 4H 50 looks like it might be significant on my broker (GKFX - MT4) charts anyway...
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Cryptocurrency
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"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk -
Originally posted by ChimpMaster View Post(How) are you shorting?"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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Originally posted by ChimpMaster View Post(How) are you shorting?
What the score with the HL tracker fund (2 versions eur and krona), do they actually trade it or just buy and let it sit... and can it be shorted.... its an easy way of being exposed to bitcoin as long as its managed properly, ie get out now, buy back in etc etc but i dont know how it operates. Im going to fire them an email.Comment
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Originally posted by Agent View PostSounds like a good option, what was their buy price on BTC like at the time? Comparable to the exchanges as I know coinbase mark up quite a bit
Buy Bitcoins in the UK for the Best Prices with BittyBot"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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Originally posted by Agent View Postlooks like a false alarm on any drop, straight back up to $16,200+"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostHope you din't buy back in!! Trading almost $3k less already -Comment
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I'm ready for the alts to start turning green - any time now would be great..."Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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Originally posted by Jog On View PostI'm ready for the alts to start turning green - any time now would be great...Comment
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Originally posted by Olly550 View PostI think he sold out of his physical btc and will buy back after the drop - hence technically its the same as shorting on a cfd provider/spreadbetter.Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.Comment
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Originally posted by Jog On View PostI'm ready for the alts to start turning green - any time now would be great...Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.Comment
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