BTCUSD Longs vs. Shorts Weekly

~There is beauty in simplicity.~

-Trade Based of Data, not Emotions
-Consistent Strategy, not Inconsistent
-Same Input = Same Output. If you don't do the same thing consistently, how do you know what you are doing wrong?
-Patience. There will always be another trade, another setup.



BTCUSD Longs vs. Shorts Weekly

-Massive drop in open interest over this past week.
-This clearly shows, especially when cross-references with Bull/Bear Income, that traders who held Long positions in profit have now largely taken that money off of the table.
-This also shows that traders are afraid to short the market top, indicative of underwater shorts closing out of their positions.
-This is also indicative of longer-term shorts closing their long-held positions due to a fear of Bitcoin breaking out of it's trading range to the upside.
-I feel based off of this that Shorts are most likely undervalued at this point in time, and therefore, based on the technical analysis of TOTAL and BLX, that the best potential is in a short position until such time as the market invalidates this concept by breaking out.


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