Short on $BTC
I want to short bitcoin and other cryptocurrencies. My explanation is that I believe bitcoin is overvalued and that it is currently in a resistance zone. Long-term investments are challenging because of how volatile and unpredictable the crypto markets are. I can profit from these changes in the market by betting on the price to decline by shorting bitcoin and other cryptocurrencies. It can also be used as a hedging strategy to guard my portfolio against losses in other markets.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.