BTCUSD Shorts
Longs > Shorts = Net long position (but this is not a full net long market)
2 conditions for net long in bearish market = Sustained buying + Flow of new monies
If those conditions are not met the risk > reward = cut loss liquidation, especially considering old longs > new longs.
The old longs will want to cut their losses or break even, so they will exit faster than the new longs.
Brief analysis:
Daily = longs
Everything else = shorts
7350 is a good entry point for BTCUSD if you want to short sell
Misc:
52 is a good entry point for NEOUSD if you want to short sell
I DON'T HOLD ANY BTC. DON'T TAKE ANY ADVICE FROM SOMEONE THAT DOESN'T HOLD ANY BTC. IT IS ONLY COMMON SENSE.
2 conditions for net long in bearish market = Sustained buying + Flow of new monies
If those conditions are not met the risk > reward = cut loss liquidation, especially considering old longs > new longs.
The old longs will want to cut their losses or break even, so they will exit faster than the new longs.
Brief analysis:
Daily = longs
Everything else = shorts
7350 is a good entry point for BTCUSD if you want to short sell
Misc:
52 is a good entry point for NEOUSD if you want to short sell
I DON'T HOLD ANY BTC. DON'T TAKE ANY ADVICE FROM SOMEONE THAT DOESN'T HOLD ANY BTC. IT IS ONLY COMMON SENSE.
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