/biz/ - Business & Finance

>>11654552
XRP 20% in one day, everything fucking moonts now

>>11654552
>btc short

>>11654552
>Should I close on a loss my btc short /biz?
Kek YES, ffs OP stop shorting if your to dumb to figure this shit out!

>>11654595
Last time I made a good short in early September when everyone was screaming moon and getting overtly bullish. My entry wasnt the best, as it increased for next 2-3 days, but then dumped to 6500.

Now I hope for sth similar, too many bullish people calling for the bottom. Like 90% people call its the bottom, impossible for dumb money to be this right. Unless we get almost to 7k im not gonna close my short.

I would advise to wait untill you are certain of what is gonna happen,right now it could go either way,people haven't yet relly gotten the blow and surrendered screaming,which means it could go lower and rape all the SeSoNaLiTy guys.At the same time there is still possibility for a bull run,exspecially if sentiment goes too bearish.In the end remember that as of right now volume is fucking low,which means that this market might be easily prone to manipulation and bot trading (have you seenln the fucking massive pump and dumps we've been getting??).
So ultimately it could go either way.

>>11654826
True, but if you dont take position you will wake up with a 10-20% move which will probably happen soon, either up or down, I believe in down.

Confidence is way too high around, shorts dropped like crazy without moving the price up almost at all. I think we will revisit lvls under 6k, but sure I may be wrong.

> shorting the most normie high volume crypto in the world

Are you trying to commit financial sewerside?