Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Ok guys, according to the art of war written in 1929 by the legendeary painter Peter L. Brandt you should buy green support and sell red resistances. Good luck fam.
That blue line has bull div on 8 and 12 hour charts if it can hold as the low. I think it's premature to call the low, but we might be good for a bounce here. The 20k shorts closing off the books at finex is suspect though, might be something big brewing. Good luck to everyone.
TEXAGG22
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@Scygon, what is your take on the finex situation>?
Scygon
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@TEXAGG22, Hard to say. Looks like the largest ever close of a short position in one day on finex. Seems to be one account that held 2/3 of the shorts on finex and closed them off books by claiming the position with funds on the exchange. Before this happened it looked good for a short squeeze with 30k shorts and less than 20k longs, so much for that L/S ratio looking good for bulls now.