Retail trader data shows 96.9% of traders are net-long with the ratio of traders long to short at 30.96 to 1. The number of traders net-long is 0.3% higher than yesterday and 0.3% lower from last week, while the number of traders net-short is 5.6% lower than yesterday and 5.6% lower from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Ripple prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a STRONGER Ripple-BEARISH contrarian trading bias.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Ripple prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a STRONGER Ripple-BEARISH contrarian trading bias.