comparing btcusd longs(red line) btcusd price(yellow line), you can clearly see what happens when the shorts start taking profit.
daily RSI is over bought for Shorts.
this can continue for a couple of days/weeks/months/hours/mins/sec. but when the shorts start taking profit and stop losses forcing retail shorts to close and then we officially will have a "Moon" scenario.
daily RSI is over bought for Shorts.
this can continue for a couple of days/weeks/months/hours/mins/sec. but when the shorts start taking profit and stop losses forcing retail shorts to close and then we officially will have a "Moon" scenario.
here is a screenshot