Wow, shorts have gone insane shorting on the way up:
Total sum of active swaps
16,281.89 BTC
Good strategy! Keep shorting into the uptrend!
Total sum of active swaps
16,281.89 BTC
Good strategy! Keep shorting into the uptrend!
Do you say the long term trend just turned around again? How many times did it turn around this month? I lost the count.
Only thing I'm relatively sure about is that it will be difficult to take out the 275 low given the circumstances how it happened. Extreme volume not seen in half a year, and a large candle wick. People shorting now must be ultra alert to cut their loose at the first indication things aren't going in favor of them.
