BTCUSD bitfinex longs have broken to record highs
BTCUSD shorts have broken to record lows
The shorts are the most profitable scenario given sentiment is long like never before
The ratio of long:short has never been so wide
Opening short position after spike breaKs into positive trend and entry on price drop on high selling volume like previous drop
Skipped if price drop happens with no spike up before drop
Stop loss around 9000
target around 4000
why is everybody longing because shorts got paid but look out here comes a pump to trick our friends long on margin into stop loss
BTCUSD shorts have broken to record lows
The shorts are the most profitable scenario given sentiment is long like never before
The ratio of long:short has never been so wide
Opening short position after spike breaKs into positive trend and entry on price drop on high selling volume like previous drop
Skipped if price drop happens with no spike up before drop
Stop loss around 9000
target around 4000
why is everybody longing because shorts got paid but look out here comes a pump to trick our friends long on margin into stop loss
Trade active:
High selling price volume reached at 7700, with little recovery
Longs have taken some profit on bounce at 7700
Price may continue up towards 8500
Short opened at 7800, waiting for volume reading at 8500
to open second short position
If price volume reads positive at 8500 bulls may push further up
Stop 9000
Too many are long on BTCUSD LONGS so I am short BTCUSD
Risk size low anything can happen out here
Longs have taken some profit on bounce at 7700
Price may continue up towards 8500
Short opened at 7800, waiting for volume reading at 8500
to open second short position
If price volume reads positive at 8500 bulls may push further up
Stop 9000
Too many are long on BTCUSD LONGS so I am short BTCUSD
Risk size low anything can happen out here