As can be seen on the
BTCUSDSHORTS
chart, bears are closing there (Underwater) Short positions in profit.
Some of them have been holding the positions underwater for over 5 days before being able to push out some profit.
The aggressive closing of shorts while we are aproaching the local higher low we formed 2 weeks ago gives us some bullish hopium.
The chance of getting a bounce around here increases while we are reaching the 89 EMA on the 5D at the same time!
Feel free to share your thoughts in the comments
Trade wisely and remember to make use of a stop loss at all times .
BTCUSDSHORTS
chart, bears are closing there (Underwater) Short positions in profit. Some of them have been holding the positions underwater for over 5 days before being able to push out some profit.
The aggressive closing of shorts while we are aproaching the local higher low we formed 2 weeks ago gives us some bullish hopium.
The chance of getting a bounce around here increases while we are reaching the 89 EMA on the 5D at the same time!
Feel free to share your thoughts in the comments
Trade wisely and remember to make use of a stop loss at all times .