Self explanatory but remember 90% of people get it wrong. We should see a drop in about a week or so as shorts are close to a bottom. Barely anyone is shorting. Check the dates where shorts were high and low vrs price action and you will see the time cycle.
It looks like this metric is pretty accurate. Except for Feb 13th, 2018 shorts were also at a low and this time it pumped. It didn't go lower until about a month later. Any ideas on why that time was different?
mnovo
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@TyDiamse, This is where time cycles comes in to play. you will notice the convergence of 2 cycle aspects (2 peaks per swing) after the parabolic climb. While this looks like confusion, it's the Law of Vibration at work.
ok_Ty
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@mnovo, Yeah that was right after the V shape correction and rally. Thanks for responding. I looked up the Law of Vibration and learned some stuff.
mnovo
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@TyDiamse, lots of vids online about WD Gann and his above normal trading techniques in the early 1900's. I dubbed him the grandfather of TA. Look him up but beware. This is red pill territory and you may question everything you have learned.
With BTC corelation it appears 100% !