Longs have increased from 20k to 30k from $6k
Shorts are reaching the 20k lows which we have seen in advance of each previous dump
Conclusion – Retest of 3k coming.. eventually it will be but prly need to clean these longs out first.
Slight update on this one as its playing out as anticipated. It will start to look like a bottom when - c.15% of the current longs are blown up and return to 26k and - late shorts take us +40% to 36k. i.e. min 13k sells to go at finex IMO.
Correct, I noticed that too
at least that's how my brain read it lol