Like the title says we have made a higher low on BTC and are now trending up, albeit not a strong trend. Shorts that entered at the bottom are already underwater and most underwater longs exited on the last dump, leaving just the late shorts to squeeze. The red area represents the last influx of shorts coming in and the green area represents the longs. Every other dump over the last month or so has been accompanied by a bounce, even if it is a a small one. I will adjust my position based on the daily close today.
Comment:
Welp, got stopped by just a little bit and we went up to blast through my target. Should teach me again to to be patient with bids, I need to start placing partials around where I want to get filled.