$BTC CAME DOWN FROM 105819 $ TO 100718 $ WITHIN 12 HOURS ❗
THAT’S A 4.72 % PULLBACK, THE EXPECTED PULLBACK WE HAVE BEEN TALKING ABOUT SINCE THE RECENT RALLY. IT HAS ALREADY HAPPENED. 🍁
NOW WHAT WILL HAPPEN ❓
RIGHT NOW THE SHORT POSITIONS ARE STILL HIGH (1) COMPARED TO THE LONG POSITIONS (0.81). PEOPLE'S SENTIMENT ARE STILL BEARISH. 🤔
ACCORDING TO THE GAME THEORY THE PRICE WOULD RISE, OPPOSITE TO MOST OF THE TREADERS' SENTIMENT → MEANS THE PRICE WILL CONTINUE TO RISE UNTIL THE LONG/SHORT RATIO BECOMES 1:1 OR HIGHER. IT CAN ONLY HAPPEN BY A SUDDEN SURGE IN PRICE, WHICH WILL LIQUIDATE MOST OF THE SHORT POSITIONS AND YET WILL KEEP RISING BECAUSE PEOPLE WILL ENTER INTO THE SHORT TRADES AGAIN TO RECOVER THEIR HUGE LOSSES. IN THIS DYNAMICS, THE PRICE WILL SOAR PAST TO A POSSIBLE ALL TIME HIGH. 🍁
BUT LIQUIDATION MAP OF BITCOIN SAYS MANY KIND OF STORIES IN VARIOUS TIME FRAME. 👀
WHAT DO YOU THINK? PULLBACK IS OVER, OR, BULLPACK IS OVER ❓ 😎
FEEL FREE TO SHARE YOUR INSIGHTS. 🍁
WISH YOU ALL THE VERY BEST. 🍁