Shorts are up over 10% again?
Why is this? Because bitcoin is about to fall? No because it has fallen.
They always seem to short the bottom! If you see this (sudden rise in shorts) and you are short, then close your shorts.
Why is this? Because bitcoin is about to fall? No because it has fallen.
They always seem to short the bottom! If you see this (sudden rise in shorts) and you are short, then close your shorts.
Comment:
A little zoom in on those newly opened shorts. Why oh why did they wait until 6100 or lower to open?
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Shorts have capitulated somewhat after yesterdays rise, which actually gives us more fuel to move down (silly bears, why short the bottom then close after a few hundred dollar rise?)
Expecting sideways for now but watching out for moves in either direction
Expecting sideways for now but watching out for moves in either direction
Comment:
Shorts have capitulated but longs are up. Also BTC is forming another rising wedge. Good setup for a fall. Although watch for bullish divergence forming on every timeframe.
Comment:
Shorted doing their thing again
