BitcoinShort
BTC short rally is weak - Short!
1) I can see a clear divergence formation
2) Volume is falling on this BTC local growth
3) CME is telling that Asset Managers and Leveraged Funds are shorting BIG despite this rally
4) Longs are keep falling on Bitfinex. Shorts are rising against the trend
That is indeed a very weak short-term rally. I doubt it breaks 4250 and stays where. Fundamentally media hasn't spread out bullish news for this rally to continue.
2) Volume is falling on this BTC local growth
3) CME is telling that Asset Managers and Leveraged Funds are shorting BIG despite this rally
4) Longs are keep falling on Bitfinex. Shorts are rising against the trend
That is indeed a very weak short-term rally. I doubt it breaks 4250 and stays where. Fundamentally media hasn't spread out bullish news for this rally to continue.
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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.