Who are the market makers trying to trick this time? Bears or bulls?
Let's take a look...
Inverse relation between BTCUSD & SHORTS
We know from experience that each time a flash crash comes for Bitcoin , after long bear action it quickly turns into bull action and we saw just weeks ago how Bitcoin SHORTS decreased by 40%+ in a little more than two weeks.
- Bitcoin went down strong, created a higher low.
- SHORTS spiked up, the bears where having their fun.
- As soon as Bitcoin decided it needed a corrective up wave.
- SHORTS had their biggest drop since the beginning of their days.
So what comes next?
With SHORTS now near all time high, expect them to go higher a little more, as soon as they reach the top, they might go down and try a new low...
Note: This doesn't mean that Bitcoin will go up or down, I am looking at these points as a signal that combined with additional information can help us better predict where Bitcoin will go next. I love Bitcoin , but in the end, the market will decide its fate.
Beginner tip: Couple this information with your own research and analysis of other amazing / great Trading View members to have a better understanding of what is going on.
Always take it easy, regardless of what is happening and never rush.
Relax, breath deeply and no matter what happens remain calm. Because there is always a second chance... This life is so amazing, that you will have endless opportunities until the day we are no more.
P.S. Alan Masters here... working for you once again.
Have an amazing weekend!