BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
A study of price action shows nearly inverse behavior from around the time we fell from $6k. Everyone probably knows where they were on that day. To me, signs and sentiment are signaling an upward thrust but this observation isn't meant to decide that. I've also been keeping an eye on how open interest is behaving and it is reaching levels we haven't seen since 2018. Stay frosty. I think we see that drop to the teens that the bears have been hoping for or a push to $5k the bulls desperately want. Either way somethin major is likely to happen very soon. BTW, the long from my previous post is still open.
Comment: As expected.
Comment: Crazy.