BTC Short vs Long predictions for BITFINEX:BTCUSDSHORTS by sydneyshan

TradingView

Chart
Brokers
- Top Brokers
- Broker Awards
Markets
Screeners
Ideas
Streams
Scripts
More

477 views

My theory here is drops last as long as the shorting build-ups that precede them.
Also there is a threshold above which going long is safe.
I think BTC has further to fall based on these principles.

Comments

Shorts increased 75% percent in the last 24 hours.

https://twitter.com/WhenMoonSir/status/968065495160279040

According to your idea, we should see the price going down in the next 48 hours or something?

BuyDash

@BuyDash, if the idea plays out as theorised the price should continue down. Keep in mind I'm tracking this on a 3-6H candle basis so movements on timeframes lower than this don't concern me. What I'm seeing is a new 'lower high' on the way down. As you've mentioned we've seen a new round of shorts, which demonstrates confidence in the downward direction of BTC/USD for now.

sydneyshan

And I got stopped out... :-) @BuyDash