I apologize for the convoluted charts; I am experimenting with ideas. I am seeing price equilibrium in BTC price-action. Anytime we get near $4100 we are knocked down. I must conclude that a close above $4100, will push BTC higher, unfortunately, the powers that be, do not desire this much over 4k. You can see the Short-Interest moving along an upward trend. I have found that attempting to read anything from Short-Interest is rather futile but I always consider it in my analysis, so why not display it so everyone can see what is going on. I am still holding to the 3k prediction I made back in November for Feb-2019! We'll see what happens.
Outlook: Neutral.
The dotted line is a rudimentary attempt at establishing a trend but there are not enough data points to make it accurate so it will stand as a reference. Please note that this analysis is correlated with time, and is a short-term observation using short-term data points.
I hold no position yet Don't forget to follow me on Twitter for real-time analysis!
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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.