What is it telling us?
The long short ration on bitcoin may give us some clues as to what comes next for bitcoin.
If we look this ratio and compare it to past price actions, we can see some clues as to what might happen now?
(Source: https://twitter.com/HamadaBouchaibi/status/1107821855438786560)
If this trend holds true, we may see prices bounce anywhere from 25%-50% from current levels.
See the chart above for more details.
If this holds true, we may see $5k within the next few weeks.
I am holding long in anticipation.
What are you doing?