Bitcoin LONG (Shorts CRASHING 40%) $7000+ Next

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin shorts have fallen to their lowest level since July.

Shorts have also fallen below longs, a bearish crossover; this is a very interesting development.

Take a look at the chart above, the shorts are literally crashing, just another signal that confirms that the bottom is set and it is time for long.

Here is our LONG Bitcoin Trade:
Thanks a lot for the support.

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Comment: Shorts are now at their lowest since May:
Longs are starting to move up, very slowly though.

Comment: EMA50 is holding the price down as usual, but Bitcoin will move soon.

* Shorts continue dropping.
* Longs continue increasing.

Comment: Latest Bitcoin & Updates Market update:
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please estimate my analysis what you think about it?
nice review, thank you! Facts only: shorts crashing, 6250 super strong support, BTCUSD under heavy accumulation, MEX order books bulls reign supreme.
More details - see chart!
1) Total Coin Market Cap : 204 vs 2018

2) I'll just let you walk only the flower road!!

+3 Reply
@pkb6698, Thanks for sharing.
That's my man, some organic analysis !
+1 Reply
@DAT34, Thanks a lot for the support.
Shorts dropping by 10k BTC in the last few days is bearish in my opinion for two reasons:

- The Bitfinex BTC price hardly increased whilst the 10k BTC was bought up to close those shorts. Means that there are also willing sellers at these prices.
- Fewer active shorts means fewer guaranteed buyers in waiting. i.e. It's much easier for the price to fall now.
@BTC_SA, This doesn’t hold true on an asset that is sitting on rock bottom support. Less short means price will move up from support. The willing seller is Bitfinex, as they have no choice with their guarantee to provide liquidity.
BTC_SA streetgainer
@streetgainer, So you disagree with anything I said and if so why?

Also lol at Bitfinex providing liquidity. Do know how a free market works?
@BTC_SA, "Do know how a free market works?".... Yes I do, but please don't confuse what goes on at a traditional exchange like Nasdaq with what's going on at a crypto trading platform like Bitfinex. They are buy/selling alts to profit in BTC, then cash out to dollars. That's how they're providing liquidity and making huge profits. Do you really think there is always a regular buyer for every alt coin listed at Bitfinex. Hell no there isn't!!.... However there are always buy/sell orders, that's Bitfinex. Example: they will sell you a low volume shit coin, then flood the order book with sell orders, that looks like a freaking countdown timer, bringing the price lower. Now you're automatically at a loss on paper, you then panic sell the shit coin back to Bitfinex which is usually what happens when most people think they're expert traders, and Bitfinex has now profited off that sell order, in BTC profits. Bitfinex trades against their clients, PERIOD!... that's a fact that has already been admitted to by the CEO. Trading fees alone cannot sustain that operation. This practice is not unique to Bitfinex, and trading platforms use the same model. If you want to see a REAL free market exchange in action (where there is real life unaltered liquidity and lack thereof) take a look at, it's an autonomous exchange, where NO LIQUIDITY intervention is provided. You will see how it crrrraaaaawwwwllllllsssss and a pace slower than a sloth on downers!
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