We're crashing - Bulls are leveraging just to make bear flags.

I took a look today to see what BTCUSDLONGS and BTCUSDSHORTS seemed to be saying about what's going on.

Bulls are leveraging faster than bears. Actually, it's more like both are leveraged but there are more bulls maintaining their leverage than bears.

If we were going up on rising volume, that would seem to be pretty bullish, an indication that bulls are more confident... but we're *not doing that*. We're making new bear flags and there are more and larger red volume bars. The bears are winning and with less leverage.


I've also been playing around a bit with the crash pattern from 2014. We're basically matching it - actually, our recent double top was cleaner and we're actually starting to accelerate relative to the previous pace. On that chart, this resistance we broke today... which is also the 0.302 Fib retracement for the continuous weekly bull run since 2015 - the 2014 crash pattern involves crashing down halfway to the bottom (~6800 here), spiking back up to test this resistance (7690), and then never returning for a year and a half.

I would not want to be a leveraged bull right about now. They are not winning and they would seem to be tempting ruin.


I am a very new amateur and you should definitely not take any of this as financial advice. I would love any feedback.