jonasbitcoins
Long

BTC/USD Bulls taking over. Shorts, Longs and Cloud analisys.

BITFINEX:BTCUSDSHORTS   BTCUSD Shorts
In the last days we saw daily candles close below 10.7k resistance. That seems bad but actually it is not.
On the last 24hrs bull are putting orders on the order book and 10k resistance looks each time stronger.
On the other side, shorts are on the max of the chart, bulls have no more power to push price bellow that.
I am not saying that we could not go to 8.5k levels, but bulls look a lot weaker now, they do not have more power to push price bellow 10k resistence.
I am onlu posting the Shorts chart here because I do not know how to put more charts on the same idea, but if you compare shorts and longs chart you will notice that shorts are getting closed while longs are not being opened. That tells me that bulls are not taking more risks beting that BTC             will drop to 8.5k, they are closing shorts right now, but they are not opening longs yet, but i am sure that buy stops are well placed.
Because of that, I am bullish , we are going high!
Comment: line 4 correction
bear look weaker now *
Comment: linre 3 bear* too
@lucianf, Thanks!! very useful
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Slightly confused, as I am watching this chart closely, but not seeing any shorts being closed yet...
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@copyrat, yes, maybe I was wrong.
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