Short BTC
Updated
There is a CME gap to be filled again... Also a bearish divergence on the 1hr RSI.
Bitcoin (BTC) Shorts vs Longs distribution: shorts 21%, longs 79%
Bitmex leaderbord positions: shorts 82%, longs 18%
Bitmex trollbox positions: shorts 34%, longs 66%
Live Bitcoin & Crypto Fear and Greed Index (btctools.io/stats/crypto-fear-and-greed-index): 76 (extreme greed).
All in all, sentiment is bullish, the boobs are longing and the whales are shorting + there is a CME gap to be filled. I expect that we fill the gap before continuing our ascend to 10k+.
Bitcoin (BTC) Shorts vs Longs distribution: shorts 21%, longs 79%
Bitmex leaderbord positions: shorts 82%, longs 18%
Bitmex trollbox positions: shorts 34%, longs 66%
Live Bitcoin & Crypto Fear and Greed Index (btctools.io/stats/crypto-fear-and-greed-index): 76 (extreme greed).
All in all, sentiment is bullish, the boobs are longing and the whales are shorting + there is a CME gap to be filled. I expect that we fill the gap before continuing our ascend to 10k+.
Trade closed: target reached
Well, that escalated quickly, lol.Note
Priced wicked to 9280 on Bitmex, wish I would have had some buy orders around there. Nearest buy order was at approx. 9150. What did I learn: CME gaps usually get filled + always have some absurd buy/sell limit orders ready for instances like this. But also remeber to then have stops because it could smash trough all your bids and liquidate you. BTC is very volatile but also profitable for traders if you know what you are doing.Ps. I don’t know what I’m doing, simply smashing buttons and hoping for the best. This is not financial advice but my personal/public trading journal.
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