robwiles
Short

Does the rising range of BTC shorts provide BuySell signals?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Over the last several weeks with increasing panic around cybercurrencies short interest is increasing.
It is interesting to note that while shorts are increasing the volumes are fairly cyclical and also range bound.
See the candle chart for BTC USD Shorts

I also note that the shorts appear to rise really quickly and then fall back slowly as illustrated by the triangles.

I am not sure what this means. I hope someone with more experience can shed some light on this. I can only wonder if the Whales/Barts are trying to negatively influence what appears to be an inexorable rise in shorts ....? All insights welcome.

Given the movements to date I expect that shorts will quickly rebound upward in the next several hours and BTC will drop significantly testing new lows...

Keep having fun!
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