Shorty short shorty!
Why do shorts increase parabolically the lower the price goes? Always a wonder to me ... See my related idea 'They always short the bottom'
Anyway, we have a good potential setup here for ETH.
1. Downtrend isn't that severe compared to BTC
2. Did not make a new low compared to April
3. Bull divergence on multiple timescales
4. Very high shorts (higher than april)
Currently neutral ETH but stalking a buy.
Why do shorts increase parabolically the lower the price goes? Always a wonder to me ... See my related idea 'They always short the bottom'
Anyway, we have a good potential setup here for ETH.
1. Downtrend isn't that severe compared to BTC
2. Did not make a new low compared to April
3. Bull divergence on multiple timescales
4. Very high shorts (higher than april)
Currently neutral ETH but stalking a buy.
Comment:
Ether shorts got hammered
