Bitcoin faces a backlash

28 Jan 2019

Although the market is still in a sideways trend, the fundamentals have not changed too much, but we can not take it lightly. After all, the November slump is only just over.It is not difficult to see from the comparison chart below that when the market amplitude decreases, it will face a changing disk, and in this case, the probability of downward is more, even if it is upward, it needs to have a squat posture. So no matter which way you look at it, it's not the best place to go long, so can you short it? Personally, I think, if you for the purpose of hedging, there is no problem, if you are speculative trading, advice caution, especially high leverage traders, the probability of being out of position is greater, so I give the advice is necessary to short, waiting for the trend is clear.