CantorTechnologies

What can we learn from the bitcoin bulls?

BITFINEX:BTCUSDLONGS   BTCUSD Longs
What's up everyone, YoungShkreli here

If you'll compare this chart to the shorts chart you'll notice that people are longing more and shorting less. This tells me that there is going to be fuel for a move to the downside (liquidated longs) and that my followers and I might just be early to a massive fall.

I'm a bit surprised that more people aren't shorting given the price action. I can't imagine why the bulls would be feeling confident. If you know me, you'll know that I am contrarian in the markets and so I love to take bets against the majority when I think they are wrong. You will always be safest doing that.

That's it guys. Short, sweet and to the point. Make sure to follow me if you aren't already and give my work a like if it helps you.

Good luck everyone,

-YoungShkreli

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.