Current cryptocurrency market circumstances force most traders to enter short positions. It now appears that using DeFi solutions can be rather lucrative in this regard. One Reddit user has documented this entire process. Using DeFi to Short Crypto Markets By using the Dai stablecoin and Basic Attention Token, he netted […]
Tag: Shorting
Is it Worth Shorting Cryptocurrencies With Trading Bots?
As the cryptocurrency industry remains subject to a lot of bearish price pressure, it would appear the demand to short these assets is increasing. For most users, this process needs to be automated as well. Some trading bots on the market allow for such functionality, although it is always risky […]
Shorters Expect a big EOS Price Drop Pretty Soon
Predicting the future market momentum of any cryptocurrency isn’t an exact science. Technical analysis is helpful, although these markets can always turn around on a dime. When it comes to looking at the future EOS price from a short-term perspective, it would appear there is a rather bearish outlook. The […]
Renowned Mainstream Bitcoin Bear Officially Closes his BTC Short
Determining whether or not the cryptocurrency market momentum has turned around, is always very difficult. In the case of Bitcoin, the market can easily swing in either direction without too many problems. Finding bullish signals is pretty difficult right now, although Mark Dow closing his “epic short” is perhaps the […]
4 Platforms to Short XRP for Profit
In the world of cryptocurrencies and digital assets, opening long and short positions is relatively common. Some currencies and assets tend to attract more attention compared to others in this regard. One peculiar trend has emerged as of late, as speculators seem intent on shorting XRP right now. The following […]