You should be able trust this info because I have called a BTC short twice and to use significant leverage. They have been perfect, even with a margin call within 1%. (See comments in https://www.tradingview.com/chart/BTCUSD/sY63Ub8a-BTC-Evidence-for-Bull-Continuation/#tc1188068 and https://www.tradingview.com/chart/BTCUSD/KGT8jiT4-BTC-Base-Hits-are-the-Name-of-the-Game/#tc1212276)
Without getting into it, I know a guy who helps manage a medium sized mining operation and he told me some things. While there is a lot more to it than just BTC dumping (stuff has been going on for a long time, including alts coin pumps); I am willing to share some info about the dump that will be useful to you from now:
1. BTC will not go over 15,000 again.
2. BTC will be pushed down to at least $1,000 (it will take a long time, at least a month or two but the initial sell off will be fast)
3. A transfer from BTC to BTG is a signal the dump is to come (compare BTG and BTC charts Dec 20-22 and yesterday - the BTC dump will start today/tomorrow).
Now from my understanding I have been able to notice some patterns. Basically since the downtrend from 17.2 and then again from 15k , they squeeze BTC back up into an uptrend (from a TA standpoint) for a brief period of time so they load up on shorts; this is why you see a lot of TA going long and getting it wrong. They do this so they have buyers to sell/short into.
While I am assuming in this chart there may be one last squeeze (I'm not entirely convinced there will be, it's just pure speculation) to 13,900 - 14,200 (most likely range). You may want to think about going short now, although waiting till at least 13,700 (however by the time i publish this chart it looks like it has already pushed up and gone back under 13,700) with 10x leverage (ensuring liquidation is above $15,000) will yield a 12500% return.
I am sharing this because I am already in position and have been for some time.
Good luck, with a potential of 12500% profit you'd be silly not to place even just a small investment here.
However for those who went off my stupid emotional update, you would have just got screwed. Sorry. Don't be afraid to try again. When the risk/reward is like this, it's worth it.
If you have proof you followed my update. PM it to me and I will re-inverse you for your loses (within reason).
In terms of profit taking, I wasn't playing when I said 1k. If you had the belief to follow my call, at least wait until the 3-5k range (could be months away) before taking profits.
You may however be tempted to close your shorts on the dips and re-open them on the bounces. Unfortunately, I can't give you price ranges to help you with this - I'm not a good enough short term trader (as you witnessed in one of my updates). I would be very careful doing this though as BTC always bounces a little harder than you'd expect.
Be sure to keep any eye on this account and my twitter going forward, I do know of further manipulation and may decide to release information on it once I have my position.
go to bitmex exchange.
selling short is you taking your USD and using it "borrow" someone else's BTC. you then sell that btc immediately in the market. when btc drops 20%, you buy back in. return the exact amount of btc you borrowed plus interest. keep the profits.