This is a chart of the amount of shorts that are opened on Bitfinex exchange and you could see that in the last few days there have been
a lot of shorts opened on BTC. Seems a bit funny that we get all the FUD recently and then today's news about a subpoena being issued
to Bitfinex but not (today's news) it was issued last month on Dec 6th. BTC has been holding the 10k level for 2 weeks now and if the 10k level
does not break now then these shorts are going to get flushed out and that will take BTC up to 14kto16K. The shorts have reached the same level
they reached back on Nov 6th of 2017 which was right before the surge to the upside so we may see the same reaction here!
a lot of shorts opened on BTC. Seems a bit funny that we get all the FUD recently and then today's news about a subpoena being issued
to Bitfinex but not (today's news) it was issued last month on Dec 6th. BTC has been holding the 10k level for 2 weeks now and if the 10k level
does not break now then these shorts are going to get flushed out and that will take BTC up to 14kto16K. The shorts have reached the same level
they reached back on Nov 6th of 2017 which was right before the surge to the upside so we may see the same reaction here!
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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.
Disclaimer
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.