Current price is not sustainable. Indicator: BitMex funding ratio and BTCUSDLONGS, correction needed for market to be healthy. Entering into red zone is possible, two rejection lines at 10.3k and 11.6k.
Healthy price is around 8.0k. Good risk reward ratio to go short, specially on bitmex ;)
Healthy price is around 8.0k. Good risk reward ratio to go short, specially on bitmex ;)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.