This post is not about the chart but rather the shorts and longs. So we have millions of dollars of shorts right now some from the top prices and many shorters who thought bitcoin would direct fall below 30k while it was at 30-35k.
Now the thing is I think the whales might really want to bust those shorts before dropping the price sub 30. If the price does really fall down to low 30's in the short term, those shorts will mostly not bust and will be closed.
We can't know if the shorts are mostly made by the market makers or amateur traders, that is what time will tell. Overall im bullish in the short term because of this.
Now the thing is I think the whales might really want to bust those shorts before dropping the price sub 30. If the price does really fall down to low 30's in the short term, those shorts will mostly not bust and will be closed.
We can't know if the shorts are mostly made by the market makers or amateur traders, that is what time will tell. Overall im bullish in the short term because of this.