Well it takes more than just technical analysis to figure this one out,as a breakout either way is possible!
Shorts increasing(red vertical line), longs decreasing(green line) tells you in an established recent downtrend suggests a " Bullish Reversal" is likely but is this before we reach $4.4K or not to form the final spring?
The pattern looks to be a "Descending Triangle" which suggests a likely down movement but as we all know this can break up from E!
Fundamentals for the future of Bitcoin looks bright but the Bears think otherwise so let us just flip a coin and let the market tell us soon.
Shorts increasing(red vertical line), longs decreasing(green line) tells you in an established recent downtrend suggests a " Bullish Reversal" is likely but is this before we reach $4.4K or not to form the final spring?
The pattern looks to be a "Descending Triangle" which suggests a likely down movement but as we all know this can break up from E!
Fundamentals for the future of Bitcoin looks bright but the Bears think otherwise so let us just flip a coin and let the market tell us soon.
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