By taking longs/shorts ratio we get a cyclic chart and it is near past history lows. But as always it can break down on extreme panic sells and BTC is yet to see some panic like previous leg down to 6K. So I am sharing this as a point of attention.
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Longs making a new high after hitting way lower than recent bottoms
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Looks like a return to mean is probable
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There is a double bottom so far, looking like it failed to bearish engulfing.
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double bottom lost, ratio is below 1 which means shorts are greater than longs, that's the lowest ratio in 2018
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Increasing bears margin with market going upward
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Bulls about to make a new higher high
