BITCOIN: a warning for all seafarers

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This is just a short post in order to alert you about a Bearish Divergence between the BTC price and the Open Interest.

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While price has been risen lately, Open Interest has experimented a reduction which might indicate a sudden fall because Longs are closing positions.

Open interest in combination with the price action is a wonderful taking-decision weapon

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I think it would be wise to close longs now waiting for a cheaper re-entry later on...but I my be mistaken also.

Take care.

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Posted Using LeoFinance Beta

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At this point I just want alts to go mad. I doubt BTC will get to under $60,000 for a long time now...

Posted Using LeoFinance Beta

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