Bitcoins hourly volume is still extremely slanted red. The most interesting day is 5/20/21. Here we see a green day with the highest volume candle being red.
I still see this as whales unloading their bags and letting retail buy it up so they can dump again. I maintain my short and feel confident reloading every time we hit the 40k level without surging past 42k. The next few days are crucial.
@bed87 I’ve been closing 50% of shorts when we hit 33k and reopening them around 40k so until we break one of them Im not sure. I think if we break support well quickly shoot down to 25k and depending on how well that holds up we could bottom sub 20k.
bed87
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@Seth-Goldberg, Any idea when that happens? Seems we have been in the same close range now for few days...