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RE: Bitcoin Trend Series / EP. 625 / Short Pause

in #bitcoin6 years ago

What could get interesting is number of shorts both in BTC and ETH at Bitfinex is basicly equal as 10% BTC longs closed within last 20hours. Is weekend so BTC will probably move sideways and if shorts surpass longs should be interesting. As of now ill keep a close look on that and overall market sentiment. I would say most are now bearish and usually we do opposite in this bear trend last few months. So if overall sentiment stays bearish plus shorts rising while longs stay same or falling i would say we will have spike up. As is looking last few days i think for now this scenario is more likely than dropping again(for June). We shall see i guess and i do own coins at the moment btw.

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