Bitfinex shorts possible reversal?
Bitcoin shorts are showing possible local reversal with this falling wedge pointing right into green Ichimnoku cloud which is a possible rebound zone.
Market is very bullish, but don't be greedy people and don't forget to take partial profits. Anything can happen.
For this idea to be invalidated I want shorts to dump and bleed below 20k. Dump, not slowly falling. For this to happen I think bulls have to break out 10k with a lot of power and passion or make a healthy correction to 8000-8500 for the shorts to cover up in fear and make them turn bullish. I prefer a correction so it could put a good bull run for 2018. In case of FOMO it's more likely to become a bull trap up to 12500.
Market is very bullish, but don't be greedy people and don't forget to take partial profits. Anything can happen.
For this idea to be invalidated I want shorts to dump and bleed below 20k. Dump, not slowly falling. For this to happen I think bulls have to break out 10k with a lot of power and passion or make a healthy correction to 8000-8500 for the shorts to cover up in fear and make them turn bullish. I prefer a correction so it could put a good bull run for 2018. In case of FOMO it's more likely to become a bull trap up to 12500.
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