xTako

If Gold chart is anything to go by... for bitcoin shorts.

BITSTAMP:BTCUSD   Bitcoin
Similarities:

- They went very very high relative to expectation too soon. Aug 11 was the peak for Gold. Jan 9 was the peak for BTC.
- Shorts, esp the ones in odd hours, to liquidate a lot of positions at once - with an intension to move the market prices, kept coming, for Gold.


What do you think?

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.