3d death cross is potentially coming up with price nicely underneath both MA's , an awesome short entry once again with a nice easy low risk stop above the 3d 50sma , targets are still the same logical spots 4500-5k then down in the 3's if that fails .
If price doesn't break down with this cross then i will start getting more neutral on bitcoin . (could still be weeks away)
Trade closed: target reached:
Quick and easy , about time we get some good movement
didn't mean to keep the bottom indicators on , but since it's there it is the bitfinex long/short ratio . the shorts are at a very low level once again with longs starting to creep up .. the obvious way to use that data is to do the opposite of the crowded side