How BTC shorts affected bitcoin price in the past

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BTCUSD Shorts (BITFINEX:BTCUSDSHORTS)

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BITFINEX:BTCUSDSHORTS BTCUSD Shorts

Trend Analysis Chart Patterns Technical Indicators BTCUSD BTC XBTUSD xbt Bitcoin (Cryptocurrency) btcusdshort Cryptocurrency

trendanalysis chartpattern indicator btcusd btc xbtusd xbt bitcoin btcusdshort cryptocurrency

Last two times when shorts touched the lower boundary of the channel, a significant price drop followed shortly.

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My thoughts on Bitcoin

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I think chances for bitcoin going down are higher than going up. I am always ready for both scenarios. But I don't want to go into new lows with bags full of shitcoins. Already closed most of my longs and opened some shorts. Ready to add more.

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