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BTCUSD SHORT is at its highest since June 2019!

Chart: https://i.imgur.com/cZlSwHB.png

You can check it yourself on tradingview using ticket “BTCUSDSHORTS”. Note that this is for Bitfinex.

What could this mean? I think this recent unexplained pump (at least to me, I don’t see a reason for it) might end up in a crash or an explosion if these shorts get liquidated.



View Reddit by incravedView Source

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10 Comments

  1. Watch the monthly BTC RSI 14 guys, it says it all. Above 50 is an up trend, below 50 is a down trend. We’re still above 50 so the big trend is still up, which is why the big boys bought the 62% fibonacci retrace/crash.

    The RSI will point down when we retrace and point up when we’re moving with the trend again. The RSI began pointing up 3 days ago, which is why we’ve been rallying.

    You’re welcome. 😁

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