Someone has positioned itself strongly in long ...
Currently being in the middle of a great channel
The thing is this, does anyone remember that day that approximately 20k of shorts were cut in a single candle? that happened on June 30 of this year, bitcoin at that precise moment was at approximately 12200 dollars, and after that closing bitcoin shorts fell to 10500, then it bounced but it had already marked the bearish path.
Today we have almost 47k in longs, in historical maximums, with rsi passed thread (although it does not make much sense here the rsi since it is intention + intention). those longs must be closed, liquidated, etc ... so ... thinking a little and speculating about everything, are we about to give a strong blow in bitcoin? Or a strong dumpazo with rebound?
whatever the movement is less than 24 hours after execution ...
My perception is bullish after the abrupt closure of such longs.
Currently being in the middle of a great channel
The thing is this, does anyone remember that day that approximately 20k of shorts were cut in a single candle? that happened on June 30 of this year, bitcoin at that precise moment was at approximately 12200 dollars, and after that closing bitcoin shorts fell to 10500, then it bounced but it had already marked the bearish path.
Today we have almost 47k in longs, in historical maximums, with rsi passed thread (although it does not make much sense here the rsi since it is intention + intention). those longs must be closed, liquidated, etc ... so ... thinking a little and speculating about everything, are we about to give a strong blow in bitcoin? Or a strong dumpazo with rebound?
whatever the movement is less than 24 hours after execution ...
My perception is bullish after the abrupt closure of such longs.
In addition, the upward movement was mentioned in the chart