Bitcoin: Bullish Rally Or Institutional Exit? (October 2019)
- 5 years ago
Bitcoin: Bullish Rally Or Institutional Exit? (October 2019)
Bitcoin has practically traded sideways over the weekend and is now close to where it was when CME Bitcoin Futures closed last Friday. It has left a gap on CME futures which will now have to be bridged sooner or later. We have seen most of such gaps filled in the past and there is a strong probability that this gap will be filled too. However, it is really a question of when that gap is going to be filled. At the moment, we can see that everyone is far too bullish. Bitcoin Longs/Shorts ratio has now shot up close to its all-time high. This should be a red flag for any investor that does not want to receive the same treatment as the rest of mainstream investors because the market could be at a point of reversal.
Bitcoin has practically traded sideways over the weekend and is now close to where it was when CME Bitcoin Futures closed last Friday. It has left a gap on CME futures which will now have to be bridged sooner or later. We have seen most of such gaps filled in the past and there is a strong probability that this gap will be filled too. However, it is really a question of when that gap is going to be filled. At the moment, we can see that everyone is far too bullish. Bitcoin Longs/Shorts ratio has now shot up close to its all-time high. This should be a red flag for any investor that does not want to receive the same treatment as the rest of mainstream investors because the market could be at a point of reversal.