Trend: Bearish Retail Sentiment: Bifinex Long positions = 47272 🤦🏾♂️ Short Positions = 854
Shorts are slowly decreasing as we move stronger into the bearish trend. Not making a lot of sense why people are increasing their long position in this bear market. Still struggling to find GREAT areas to buy from so I will hold tight about being optimistic.
Buy-side imbalance areas are not as aggressive until we get closer to $20,000 👨🏾💻
Currently, I am bearish on Bitcoin, where I will be focused on the sell-side (red) areas of interest. As an intraday trader, I will be looking for a good setup to trade back into the trend. buy-side areas are great for exits 🕵🏾♂️
I agree with you, I have already shorted all my BTC today at the day top, and will now wait for lows around 25-20K. But - I am all BULLISH afterwards!!!!