BTC stabilize after impulsive move up so we expect the continuation in bullish direction. In crypto is everything possible so i'am prepare on short also but first it needs to break bellow the red line or above the green line for long position.
The contrarian view:
Retail trader data shows 75.9% of traders are net-long with the ratio of traders long to short at 3.15 to 1. The number of traders net-long is 0.6% higher than yesterday and 0.1% higher from last week, while the number of traders net-short is 2.5% lower than yesterday and 5.1% lower from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-BEARISH contrarian trading bias.
NEVER CHASE THE TRADE !
The contrarian view:
Retail trader data shows 75.9% of traders are net-long with the ratio of traders long to short at 3.15 to 1. The number of traders net-long is 0.6% higher than yesterday and 0.1% higher from last week, while the number of traders net-short is 2.5% lower than yesterday and 5.1% lower from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-BEARISH contrarian trading bias.
NEVER CHASE THE TRADE !