Poor High + Increased Short Position Possibly Lead to new Highs?

We do not have an excess top on the 9, showing possibly a lack of demand and following liquidation as simply an inventory adjustment in the auction and not new selling entering the market. Large short accumulation in this period could be due to short term technical and not long term fundamental reasons. This might possibly indicate smart money stepping in at these prices and accumulating these short term momentum trader short positions. This would fly in the face of most short term technical outlooks. Just an idea, i'm publishing as a way to track my thought process with regards to bitcoin.

Commentaire:

Excess Low on on recent four hour bar adds to idea of completed short term downside auction. Greatest excess low in past four days.