Is bitcoin playing a forever loop of 7k -9k, in shorting attack??? Strange it won't go all the way down to 4k, but keeps looping over and over again. It's been that way 3 or 4 times, coming down to 7k. Are the people who is rising it to 8k or 9k, setting up the short position in Future Market. One way to check, is to look at the future market and see who is making the big bucks when it shorts. If it's the same people over and over again, you know they are doing it or in the know.
How long can this keep up??? Before it finally go one way or another. But look at it this way. The financiers they do not want to destroy bitcoin. So as much as they want to short it, they will not short it to death. So why fight it. Why not ride the wave?? You don't have to use Bitcoin. You can use any coins that bonces well and moves as Bitcoin moves. So you buy when it is down and sell when it looks high - not to be too greedy. As long as you sell higher than you buy in, you be ok. Do it all over again.
I say this, because they want it to live and not die. This is looking at a futures market. If most know it is looping in the futures, they'll be less and less takers. Why take the options for higher price if you know it's going to go higher. However, there is the other way to short Bitcoins. That is the margin trading. I've heard you can borrow to buy and set to sell when higher. So if the exchanges allow it, this can continue to a degree. But the big players might be in the futures market.
** Disclaimer This blog is based on my opinions. I am not giving professional advice. Anything written here should be taken as an opinion and is the responsibility of the reader to take due diligence as such. Basically saying I may be wrong, right or neither, just saying its my opinions and my voice.
In my opinion the big players of the Cryptocurrency market are trying to suppress the prices, may be for their beneficial. Let's hope that this position will improve in future and in my opinion the Dominance of Bitcoin should be decreased from the Cryptocurrency market because it's really pulling back the prices of Altcoins when prices of Bitcoin move towards the downtrend. Thanks for sharing and wishing you an great day. Stay blessed. 🙂
Regards!