Market Sentiment
This section is based on internal (anonymized) Whaleclub trading data and is published exclusively on BNC.
Current Active Long vs Short Volume Ratio: 4.6:1
Average Active Long vs Short Volume Ratio: 2.4:1
We have a 90% excess in active long volume relative to the average. The average weighted long entry price is $417.62, which is only slightly higher than the current market price.
Sentiment is bullish, although longs are slightly underwater. The risk of a long squeeze is above-average due to the high long ratio, and this risk will increase if price continues to drop. A broader long squeeze may take effect if price breaks down below the key $400 support level.
http://bravenewcoin.com/news/bitcoin-price-analysis-buy-the-dip/
