BITCOIN [D1C] Let me make a Point based on COT REPORT!

Jan 22, 2020

BTCUSD

Before you BUY!
As i see more traders are adopting the hype of a "SURE" breakout to the upside, I just wanted to make a very quick reminder to crack the current situation.
Not based on my own gut feeling or my own understanding, but to the fact that Speculators have loaded this range with enough supply to send it lower.
Check the chart for their positions, even though their short or long positions usually don't take effect right away, it do have a significant value when its being
used again when price in range.

Last Specs positions:
7th January:
Longs = 3,385
Shorts = 4,820

Last Specs positions:
14th January:
Longs = 3,368
Shorts = 4,728

I didn't want this chart to be messy but there are a lot to say about current situation and how many can get the bait.
I personally think this is sliding down slowly, but still its not an investment advise...

#AhmedMesbah

Feb 4, 2020

Trade active

We might be heading to 7890