morningstarpips

BTC drop

Short
morningstarpips Updated   
BITFINEX:BTCUSD   Bitcoin
Despite everyone expecting a bullrun, "big money" has to find a better position. There's no way they will long BTC that high. Green zones are imbalances dound in the market, algorithms hate that. Props to the 23% of shorters.
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Comment:
We have now seen the strong rejection to the upside tricking buyers, 78% is buying. We now have more liquidity dropping bitcoin further down. The zone I am watching closely is 11,000. As we could potentially see the reversal.
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