Bitcoin short ration at resistance level once again on bitfinex

Could see a rally here finally once again as shorts get squeezed.

I do NOT think bottom is in, but a healthy 20-40% rally is overdue soon.

We have not seen capitulation and I can see us testing 0.886 fib down at ~$2340 level as final resting place. $1300 seems like a pipe dream (past high).