One Reason To Long BTC (short term)

٢١ أغسطس ٢٠١٨

BTCUSDSHORTS are at an all-time high currently (blue line). As shown in the graph, the last time shorts were at ATH, Bitcoin produced a rather large move up in a short time frame. Also, notice the similarities in the rounded bottoming out process in April and now. My personal opinion is this we'll see a spike up to at least right around the trend line in the short term (days, not weeks) as some of the shorts cover.