This exponential rise has crossed the point of no return and is likely to end with a blowoff top.
8k seems likely to liquidate shorters and for whales to take profit on their longs.
Starting to see some sell volumes but it is too early/amateur to conclude that this(7500) is the end
8k seems likely to liquidate shorters and for whales to take profit on their longs.
Starting to see some sell volumes but it is too early/amateur to conclude that this(7500) is the end
Note
Good to have alternative scenario in mind..Doesn't seem impossible at this point
Note
There's been high red volumes in (12H, 1D) candlesFunding favors shorts
Bitfinex shorts have been squeezed
I think there's a decent chance of downside from ehre
Note
All bets are off but nobody's noticing the abysmal volume.I have no idea how far they want to squeeze shorts
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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.