Is BTCUSD going to break 10k?
If I wanted confirmation I would look at my favorite derivative indicator... the open positions of Longs and Shorts.
Are we going to break 10k? Maybe... definitely bullish right now on lower timeframes. However, we have yet to clear the high and are hovering at the 50% retracement of the 2017 bubble.
I just don't see there being much "blood in the water" should the shorts be slaughtered... there are not nearly as many shorts open as on the last pump.
Are we going to break 10k? Maybe... definitely bullish right now on lower timeframes. However, we have yet to clear the high and are hovering at the 50% retracement of the 2017 bubble.
I just don't see there being much "blood in the water" should the shorts be slaughtered... there are not nearly as many shorts open as on the last pump.
"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
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.