SHORTS?

what could this mean?

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it means strap in your asshole

soros

Buy signal

Sell signal

hodl signal

Wait signal

Wall signal

Maybe some whales have plans, but it seems a weird time to short. I'm an idiot, but for the past few months, each time the alts had a good day, the day after BTC had a pop and dragged everything down, then dumped and dragged everything even lower, and then it all repeats again and again. Unless this is really "the" alt-run where BTC will lose dominance and go down while everything else goes up for an extended period of time, then a large number of shorts would make sense, but if not, I don't know. BTC is at the February bottom and has been chilling here on and off for the past few weeks, so there is at least some resistance to it going lower (not saying it won't, but it looks like it has a substantial amount of support which hasn't shown signs of giving up yet).

buy link signal

$3,750

A lot of people are saying it will go to 3k now, but they're the same people who were saying it was going to 30k in January, i.e. brainlets who, once they spot a trend, think it will last forever.

Cant help thinking the same.

how do i read this graph? what do the numbers on the right mean?

Its getting oversold
Expect a reversal soon

When there are a lot of shorts that means that there are not a lot of buyers in the market. The market may move up on low volume but when no one is there to sell too the momentum will peter out and reverse.

Look at the price action of BTC and the related volume. You will see that in the last few days most of the upswings are low volume and the downswings are downswings are high volume. There might be some liquidated shorts on these low volume upticks but these bears won't turn into bulls, they will just wait for a better set up or will just sit it out and like their wounds.

Signal, signal

eat them

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pajeet single the street about to get full shit

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should I buy ETH or wait for it to dump? or its never going to dump?

>Eat mine

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but the flippening is a real thing that could happen, why ignore that

Meh. There were a lot of people saying BTC would go to 10 or 15k when it was around 8k in November, and those people ended up being totally correct.

The trend is your friend, as they say.

I expect at least one more catastrophic dump, and then sideways motion for another couple weeks to a month. Then reversal from there. RSI on the daily isn't quite to oversold yet, been chilling around 40 or so for the last week. I'm laddering a big long in from 5500 down, every 250 all the way to 4000. It could conceivably go below 4k but I'm not gonna get too greedy.

we're in a shorts bubble now :^)

what about ETH? I dont care about BTC

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ETH is still loosely correlated with BTC. I expect it to go a little below 300 for a stint (that would constitute catastrophe given how long ETH stagnated at 300 last year). Laddering in from 320 downward, every 10 all the way to 250.

thanks dawg, the question then is will it stagnate or will eth moon while btc stagnates and later dies

Bitcoin won't die, if it did, then the entire market would die.

Other than that, I don't think ETH will go much lower from here, IMO $360 was the bottom. It was crazy to see it at that price. ETH should go to 0.12 from here but should manage to do 0.20+ when the update is released (limiting the number of ETH).

This is why I hold the vast majority of my coins through all of this. Because I know I will miss out on gains because I'll miss the bottom and hesitate to buy back in.

If BTC crashes through 6k, ETH will fall with it. Probably not as far (I don't see it dropping 50% by any means), but it will drop too.

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it almost seems like people cash out their alts into btc

fucking retard

If you cash out, you cash out into Tether, not BTC.

this.
A all time high of shorts with BTC down 70% is the same as an all time high of longs with BTC at 17k. Retards are gonna get liquidated

>lots of shorts, price not falling enough
>the smart first movers will close their shorts, expecting a reversal
>this will trigger a jump in price
>the late movers will be forced to close their shorts or get liquidated
>price will keep rising
>massive short squeeze will start the next bull run

This is literally like watching a rumbling volcano.

Margin traders are wrong all the time. Look at the amount of shorts in mid November - early December. Retarded bears decided to short at $5600 and got completely destroyed when Bitcoin instead ran all the way up to $19500.

Sub 2k that's what that means

lol

When shorts are covered and we find ourselves at 1:1 ratio with longs again, guess what? No genuine buying interest and down we go.

>protip: accumulate shorts, not btc or longs

it means we're going to see a lot of pink wojaks soon

Can anyone imagine the kind of green dildo this would produce if we pump even $300?
Whales are probably waiting until the normies pile in and it gets ridiculously skewed. One last hurrah to $15k before the final crash to $4000.

Stfu faggot.

Listen guys, normies don't know how to short. You need a really high IQ to understand shorting that's why I do it.

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>RSI on the daily isn't quite to oversold yet
Oh god when will plebs understand that in a downtrend, RSI being oversold means nothing. Similarly, in an uptrend, RSI being overbought means little.

In a strong trend RSI can stay overextended for a long time.