As I correctly predicted 2 days ago that ETH will hit 2.6k, the same Japanese trader (rank now #12 on FTX leaderboard) is calling for a drop to 1.8K.
If you look at the exchanges total long:short ratio, there are still too many longs compared to shorts, approximately 6:1. This ratio needs to come down to at least 2:1 before the corporations, hedge funds and exchanges are happy with their long positions to push this upwards.
Always go against the retail traders and you will win.
Good luck.
If you look at the exchanges total long:short ratio, there are still too many longs compared to shorts, approximately 6:1. This ratio needs to come down to at least 2:1 before the corporations, hedge funds and exchanges are happy with their long positions to push this upwards.
Always go against the retail traders and you will win.
Good luck.
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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.