Bitcoin Longs vs Shorts RSI

Bitcoin Longs vs Shorts with RSI analysis

• Top plot - BTC/USD Coinbase spot price
  
• Mid plot - BTC/USD Bitfinex Longs versus Shorts
  
• Bot plot - RSI of LvS
  
  
• LvS > ~ 70 = overextended longs; potential drop incoming!
  
• LvS < ~ 30 = overextended shorts; potential drop incoming!
  

Credits to Murad Mahmudov's tweet for bringing RSI of LvS to my attention.
twitter.com/MustStopMurad/status/1122188132613541896?s=20