Bitcoin Technical Analysis: ARE BULLS MAKING A COMEBACK?
Bitcoin rose from $6,160 to $6,810 in under 3 hours. It has since corrected to $6,375 and is currently consolidating.
Shorts initially dropped off as expected, but have since slowly started to rise. I find it interesting that longs are dropping significantly, at least as of writing this post.
In today’s video analysis, I discuss where price may go from here, market psychology and MUCH more. I hope you find it helpful.
Video Analysis:
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/@workin2005) or Steemit in order to watch.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Workin
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by Workin2005
These longs positions closed seem weird to me... were they closed at the peak?
I can’t wait for money to rush in !
Posted using Partiko iOS
I agree...retail is getting wiser. They took their profits and said “thanks". Now shorts are starting to stack...again. If longs continue to drop while shorts stack, we’ll likely see another squeeze. If we do, it may just spark a bull run.
They're coming back all right. Though as I stated here, they aren't starting with BTC. The BTC signs are coming though, BTC broke resistance today, which is significant. Standby...
Standing by...over. ;-)
😁
that selling wick seems pretty significant, should that be a concern for the bulls? the tether thing was interesting.
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