Look at the ratio between longs/short over time and take a look at Bitcoin over same time.
In my opinion we have legit bottom at 4k area, built in march 2019.
From 4k and up to 14k, there is a great mix of real demand, and lot of long- and short gambling.
In this range of price, we can se four bigger actions (compared BTC with Long/Short ratio) and how price reacted to that.
Bitcoin is tangled between different MA's, specially under the daily MA200 which is moving towards a potential death cross with daily MA100. Have Longs really accumulated well or have they misjudged the situation a bit? How will they act in a potential setback?
Let me know what you guys think.
In my opinion we have legit bottom at 4k area, built in march 2019.
From 4k and up to 14k, there is a great mix of real demand, and lot of long- and short gambling.
In this range of price, we can se four bigger actions (compared BTC with Long/Short ratio) and how price reacted to that.
Bitcoin is tangled between different MA's, specially under the daily MA200 which is moving towards a potential death cross with daily MA100. Have Longs really accumulated well or have they misjudged the situation a bit? How will they act in a potential setback?
Let me know what you guys think.