BTCUSD | XBTUSD | SHORT | Areas of Interest
Trend: Bearish
Retail Sentiment: Bifinex
Long positions = 44005
Short Positions = 1188
The bounce on the 19th of May was a hit at 50% off the all-time high. Shorts are slowly increasing as we move stronger into the bearish trend. There was a nice reaction to the Sell-side imbalance area. It would have taken a lot of buyers to push this past the Area of interest
This market will move fast down into the buy-side imbalance areas which are not as aggressive until we get closer to $20,000 👨🏾💻
Currently, I am bearish on Bitcoin, where I will be focused on the sell-side (red) areas of interest. As an intraday trader, I will be looking for a good setup to trade back into the trend. buy-side areas are great for exits 🕵🏾♂️
Happy Trading
Regards
LBM
Retail Sentiment: Bifinex
Long positions = 44005
Short Positions = 1188
The bounce on the 19th of May was a hit at 50% off the all-time high. Shorts are slowly increasing as we move stronger into the bearish trend. There was a nice reaction to the Sell-side imbalance area. It would have taken a lot of buyers to push this past the Area of interest
This market will move fast down into the buy-side imbalance areas which are not as aggressive until we get closer to $20,000 👨🏾💻
Currently, I am bearish on Bitcoin, where I will be focused on the sell-side (red) areas of interest. As an intraday trader, I will be looking for a good setup to trade back into the trend. buy-side areas are great for exits 🕵🏾♂️
Happy Trading
Regards
LBM
Comment:
The Sell-Side imbalance area is just to strong for buyers to break lol
