BitcoinShort
anatomy of overcrowded trade sheep attitude
crowd is wrong more often than not
so going against the crowd is more probably profitable?
i don't care much for quotes rn but this is the way this chop has behaved and CREATE LIQUIDITY for market makers to seek
anyways.
4k-6k btc longs trapped above 8.8k, the 9.1k breakout longs pretty much cleared already
shorts not really going up a lot, gives even more liquidity on short side, we'll see about selling volume but idk.
there's not a lot of volume so why not go run into 7.4k-7.7k run stops and accum.
there has been accumulation type volume patterns throughout latest price action, so that would be a bullish case to a bounce from here
so going against the crowd is more probably profitable?
i don't care much for quotes rn but this is the way this chop has behaved and CREATE LIQUIDITY for market makers to seek
anyways.
4k-6k btc longs trapped above 8.8k, the 9.1k breakout longs pretty much cleared already
shorts not really going up a lot, gives even more liquidity on short side, we'll see about selling volume but idk.
there's not a lot of volume so why not go run into 7.4k-7.7k run stops and accum.
there has been accumulation type volume patterns throughout latest price action, so that would be a bullish case to a bounce from here
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.
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.