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by 7Figures2Commas 4446 days ago
I pointed out[1] 10 days ago that the Bitcoin had broken through a key support level and anybody trading a similar stock chart on technicals would be looking to go short.

From a purely technical perspective, there's no buy signal (yet).

Catching a falling knife is always a bad idea but seeing them before they fall can be highly profitable. It's just a shame there's no readily available vehicle for playing BTC on the short side.

[1] https://news.ycombinator.com/item?id=7500000

1 comments

> It's just a shame there's no readily available vehicle for playing BTC on the short side

In the UK at least there are multiple firms letting you buy/sell BTC Contracts For Difference, including shorting with a 10% initial margin if you really feel like taking crazy risks. (Plus500 is an example)