Репост из: WhaleTank [Premium]
#XBT 1H
According to FUD news a lot of shorts were opened.
In case big player's short was opened at $5400-5600 zone, he could close half of his position at $5000 level. Another half probably will be closed at $4800/4900, if not lower.
For now we are waiting small short squueze to $5300-5400 zone to get rid of odd shorts and continue dumping.
More likely $5650 was the top of that global correction and now we are heading down.
According to FUD news a lot of shorts were opened.
In case big player's short was opened at $5400-5600 zone, he could close half of his position at $5000 level. Another half probably will be closed at $4800/4900, if not lower.
For now we are waiting small short squueze to $5300-5400 zone to get rid of odd shorts and continue dumping.
More likely $5650 was the top of that global correction and now we are heading down.