leff745

You guys trust this declining short interest in BTC?

Short
leff745 Updated   
BITFINEX:BTCUSDSHORTS   BTCUSD Shorts
.....I don’t. Btc needs short sellers for liquidity at higher prices. Without that prices will stabilize. This may trigger a sell-off from those holding based on risk/reward fundamentals. Although we could make it to 100k before this happens, I’m leaning more towards this occurring around 50k.
Comment:
Big breakdown since this call. Looking at BTC breaking a key parabola I've noted in other ideas, this weekend will likely define which direction all markets will head next week, Equities and Crypto alike.

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