Someone asked about this, so I’ll explain.
When the long/short ratio is above 1, does that mean longs are in control?
Well, the market-wide account long/short ratio is the number of accounts with a net long position divided by the number of accounts with a net short position. Each account counts as one, regardless of the size of its position.
The account long/short ratio counts traders, so it’s more like a gauge of retail sentiment. The large traders’ position long/short ratio measures the size of their positions, so it better shows which way the major accounts are betting.
$BTC is at 81921.58 right now.
Don’t chase trades when the market is highly volatile. Wait for prices to settle before taking another look.
That’s all I wanted to say. Whether you make money or lose it, you have to own it.
When the long/short ratio is above 1, does that mean longs are in control?
Well, the market-wide account long/short ratio is the number of accounts with a net long position divided by the number of accounts with a net short position. Each account counts as one, regardless of the size of its position.
The account long/short ratio counts traders, so it’s more like a gauge of retail sentiment. The large traders’ position long/short ratio measures the size of their positions, so it better shows which way the major accounts are betting.
$BTC is at 81921.58 right now.
Don’t chase trades when the market is highly volatile. Wait for prices to settle before taking another look.
That’s all I wanted to say. Whether you make money or lose it, you have to own it.