Notice how shorts are covering they're position in hoards. At the same time comparing btc longs, notice that buyers arent increasing.
No buyers here, only too many short sellers. Big red flag for crypto since this pattern can be seen on many other short and long graphs.
This could defenetly go higher with momentum buyers but overall very bearish
No buyers here, only too many short sellers. Big red flag for crypto since this pattern can be seen on many other short and long graphs.
This could defenetly go higher with momentum buyers but overall very bearish
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another good example is EOS short and long graphs. Longs are consolidating at recent low while shorts are tumbling like crazy