An interesting thought experiment ...
I've created an overlay of BTCUSD LONG (GREEN), BTCUSD SHORT (RED) & BTCUSD (BLUE).
It's apparent from the chart that long positions are closing, shorts are accumulating and set to (possibly) increase - all while the bitcoin price is on the rise.
Are we taking about a classic divergence which is going to herald the next dramatic fall in price?
This newbie welcomes your thoughts and comments !
I've created an overlay of BTCUSD LONG (GREEN), BTCUSD SHORT (RED) & BTCUSD (BLUE).
It's apparent from the chart that long positions are closing, shorts are accumulating and set to (possibly) increase - all while the bitcoin price is on the rise.
Are we taking about a classic divergence which is going to herald the next dramatic fall in price?
This newbie welcomes your thoughts and comments !