tin this chart we can see, that when longs and short both decreased a short term uptrend was the result.
We can see it in the rectangles in the purple areas.
The white line is BTC . The red line are the shorts to visualize it more visually.
The verticals show the points when btc longs AND shorts both fall down- this happened 3 times.
& normal are at an oversold level, this is a indicator as well!
Anyway, I hope you enjoy this observation and it feeds your technicals analysis with more data.
Have a nice day,
Have a nice day,
Focus on the journey, not the destination. Joy is found not in finishing an activity but in doing it.
Hope you enjoyed it as I did reflecting on this one…you can follow me if the content pleased you :-)
Feedback would be awesome
Both, shorts and longs are still going down.
This happened two times, if this is a repeatetive pattern, we will see the price go up inside the third triangle.
It already went up, I could have placed the rectangle a few days before, then it would have been fit perfectly.
Anyway, this is interesting and let us observe it!
We have the upwards line inside the rectangle, though we have expected a more significant rise.
Anyway, the trade was correct because we have an uptrend, eventhough it is not that intense, it still it is one.
TRADE CLOSED SUCCESFULLY
Lets see in a few weeks what is going to happen in this chart;-)
Have a nice day
WE did not just predicted the possible movement out of the given charts, we just called it and it just worked out!
Thank you for all the positive private messages!
Lets keep making SICK GAINS (as the CEO Arthur Hayes of BITMEX used to say in the very last newsletter)
anyway, if you look at the stochastic RSI on the daily candle on bitcoin right now, it looks very bullish. This could be it, a final pump of this recent one and a dump afterwards? Time will tell :D