Weekly chart for BTC/LONGS. Momentum on longs is rising same as price of BTC is. That means more and more people are interested in longing BTC and that is one more evidence that BTC price has bottom and I expect rise of the price in the following weeks.
Comment
⋅
Longs RSI still shows oversold momentum is good/ number of longs has dropped a bit due to price of BTC settling around 5150 USD
@CryptoSlavest, Weird I don't think we looking at the same chart :)
As both LONGS & SHORTS have bottomed out, both are picking-up from the lowest point. My guess is that it will be an increase in price till 5700$ so it can TRAP more longs and then squeeze them hard.
SpawnyXBT
⋅
@CryptoSlavest, Here is evidence "as we speak". They are not FALLING :)
Longs have a 9% increase, shorts have an 8% increase. What are you looking at ?
CryptoSlavest
⋅
@SpiryXBT, . Chart of BTCUSD Shorts. If you see my previous analaysis you will see i made chart which is showing that BTC/USD price will go to 5800 lvl and from there the market will tell if the resistance will be broken.