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nivishoes
Sep 26, 2019 4:48 PM

Bitcoin Long Orders About to Get Rekkt  Short

Bitcoin / U.S. dollarBitstamp

Description

This is a continuation of the previous idea.

Bitcoin [BTC] traders have been beaten down more in 2019! Here is the proof.
The surprising rise in April was not anticipated at all, soon the market saw a short squeeze. Then the traders made some profit from the rise till $13,800 closing their long orders.

However, after that, the reversal above 30% and then 36% kept on increasing the long traders vs long trades. It seems the market is long now. The probability of long squeeze is very high!
Comments
Souffle-Caramel
I completly agree. This is for me one of the most powerful indicator that we have. Nice short entry would be around 8k4-7. Thank you for your sharing.
nivishoes
@Rynird, Cheers mate!
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