Shorts are at the all time high. The only thing that perhaps changes my mind about this is the longs are at significantly high levels as well.
However, we can understand this if we take a look at the Longs/Shorts ratio and its showing us bullish divergence on the RSI indicator.
Longs are about to increase which can trigger a massive short squeeze. If it works out it will be the biggest daily candle that BTC has seen.
Place your bets. I am long for the mid term...
However, we can understand this if we take a look at the Longs/Shorts ratio and its showing us bullish divergence on the RSI indicator.
Longs are about to increase which can trigger a massive short squeeze. If it works out it will be the biggest daily candle that BTC has seen.
Place your bets. I am long for the mid term...
Comment:
Bingo! The rise could continue in the next days if not weeks