Ni6HTH4wK
Long

MFI and OBV indicate established bottom

BITFINEX:BTCUSD   Bitcoin / Dollar
275 1 6
This chart is without Heiken Ashi. This paints a more complex picture when the bars aren't averaged all up. Would be best to find a spot and hold on, this could rocket up any day now without warning. The intensity is all up to how many players will FOMO... considering there is 19k BTC shorts open, there might be a few if we don't let them close.
janos666
2 years ago
19k BTC -> Yes, it might went up a little. Now Look at the 21M USD number, meaning ~63k BTC at current USD/BTC price. Imagine what could happen if you manage to margin-call those longs! Of course, most of those long positions were probably bought at higher prices but not much higher than ~30%, so let's go with 44k BTC bought on borrowed USD. It's still ~2x and it's still a downtrend to begin with, not an uptrend which you need to fight and reverse to get what you might want.
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