I would be very careful with shorting crypto, and especially BTC.
I would be even more careful recommending it to others without proper disclaimers and accompanying explanations about how dangerous shorting is to begin with.
From a strictly TA standpoint, I agree that 7800 is good support, and shorting at current levels looking for that as a target is like trying to pick up dimes in front of a steamroller. I certainly wouldn't say that a break of that means 6000 is likely either. I'd see a bear trap as being more likely if that were to happen. But that's what makes a market.
By the way, you got your charts mixed up (you can still edit your posts to fix that).
Cheers
@cryptographic, Sorry for mixed up. i added the charts later. So, messed up when selecting them. I did not check after that.
And as for your Reply- First, it is just my own hunch about the market. So, I am not recommending to anyone to follow. I shared, just the possibilities. Nothing else. When, i looked at the chart, and was going through the previous data, I came up with this. because, without any question, everyone or atleast most of the trader will recommend for long move. But, market is also place of uncertaintities. So, people also have to consider this too. I have found several positive indication of the long, but i did not share them with you guys,because most of the comments are suggesting go for long. So, i just put the other alternatives on the table, for just in case, be careful.
Sorry, again for the messing up or if i could not clear my point of view. I corrected my wrong. It's always been pleasure to argue or have conversation about these, with someone likes you. It also clear my concepts too. Thanks, have a good day.