There is only so much to the downside. When shorting becomes a crowded trade, it means everyone has already sold. Then how will we go down? The selling has already occured from 10k$ Bitcoin all the way down to 8k$. When there's more money to be made on the upside, the market will reverse, so we are targeting around 8900$ to rekt all the bottom shorters, then we will see what happens next.
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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.