bubbl3_b0y

bubbl3_b0y

Since the beginning of 2019, Bitfinex has 63% fewer shorts and almost 6% fewer longs (values have been indexed to 100). This equates to a long to short ratio that has moved up from 0.88 to currently 2.27 today.

bubbl3_b0y

Bitcoin mining rewards have halved twice in its history. www.binance.vision During the week of November 26th, 2012, Bitcoin had its first halving event. Over the next year, the price rose over 9,500%. During the week of July 4th, 2016, its second halving event occurred. Initially, prices dropped almost 30% over the following few weeks. However, when it...

bubbl3_b0y

It's uncanny how the bar pattern taken from the events surrounding 1987's Black Monday are rhyming today. Will history repeat itself?

bubbl3_b0y

It appears that Bitcoin prices are correlated with the inverse VIX since the debut of Bitcoin futures trading. Looks like Bitcoin is seen as a risk-on asset to institution looking for higher returns. If the stock market keeps dumping, so might Bitcoin prices.

bubbl3_b0y

BTC is forming a falling wedge and has bounced off a 0.618 fibonacci retracement line with some descent volume.