Big Move Imminent ?
” Over the weekend Bitcoin price $5348.98 -0.07% lost the hourly and 4-hour uptrend as it slipped below the 26ema and closed in on the $5,200 support.
One hopes this is the result of low volume over the holiday weekend but it also notable that shorts have been on the rise and now approach a monthly high. As analyst FilbFilb pointed out in his trading journal, the long to shorts ratio approaches 1:1 and over the past Bitcoin has pulled off explosive moves in this technical setup. ”