Looking for a short squeeze over the weekend to kick start XBT uptrend and wave 4 on alts. Lots of fear in the market, shorts piling in after a huge plunge. I closed my shorts on BTC at $4700.

When Shorts/Longs are overbought on the RSI at the top of that channel we typically have a rally to the upside in price.

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What does a low BTCUSDLONG says? And its counterpart, the BTCUSDSHORTS (when low)?
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BrazilNutz carloswm85
@carloswm85, when BTCUSDSHORTS are low is says that there are more people going long than short. That by itself is not a signal, which is why i would also look at the XBTUSD RSI, so if the daily price RSI was overbought and the BTCUSDSHORT was very low that is a signal i would look at going short. At the moment there is indecision on longs/shorts and a bit of bullish divergence on the daily but as price has broken a trend-line i wouldn't be going long
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