Retail trader data shows 91.4% of traders are net-long with the ratio of traders long to short at 10.6 to 1. The percentage of traders net-long is now its highest since Nov 23 when Ether traded near 117.81. The number of traders net-long is 0.1% higher than yesterday and 0.8% higher from last week, while the number of traders net-short is 11.3% lower than yesterday and 23.4% lower from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Ether prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a STRONGER Ether-BEARISH contrarian trading bias.
BE CAREFUL BECAUSE YOU NEVER KNOW WHEN BIG BOY WILL COME BACK !
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Ether prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a STRONGER Ether-BEARISH contrarian trading bias.
BE CAREFUL BECAUSE YOU NEVER KNOW WHEN BIG BOY WILL COME BACK !
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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.