Check out margin positions ratio, LONGS are dominating.
After the recent pump BTC reached target of the . Some of traders show on their graphs that target will be at around 4150$ but this looks so unreal and if we properly count the target by the we could see that max target was at 3800$ which was reached already.
For now I think we might see some fake breakout till 3850$ and then we will see not fake drop.
I will put limit short order at 3720$ (Bitmex) and in case if price starts ascend to 3900$ then will average it at 4000$, anyway I dont think that I will make any avergings.
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