As you can see here, shorts are low and are bound to spike up sharply while the price tanks; likely within the next 1-16 days. We are either going to see a second bottom just over $3000 USD or a rollover into a new low somewhere between $900 and $2000. After this we can look forward to a great trading channel forming while the market prepares for a supper's rally in late 2019 - early 2020.
*clarification: long on the shorts chart, thus short on BTC/USD
when shorts reach a new high (or double top) and then begin to reverse trend with significant momentum, i will open a new position.
*clarification: long on the shorts chart, thus short on BTC/USD
when shorts reach a new high (or double top) and then begin to reverse trend with significant momentum, i will open a new position.
Comment:
after further review of the charts, make that 3-21 days from yesterday*
Comment:
apparently long on the shorts chart actually means the short count goes down? idk forgive my ignorance of how trading view's publish feature handles this kind of chart but hey. again, i think bitcoin is up to 3 weeks away from bloodbath.
Comment:
*We are seeing a divergence in the shorts from the market price*
This is the first strong sign that we have already bottomed!
I expect months of people arguing of whether the market bottom is in yet or not until we see the supper's rally (the disbelief rally).
This is the first strong sign that we have already bottomed!
I expect months of people arguing of whether the market bottom is in yet or not until we see the supper's rally (the disbelief rally).