Maitodai
Long

Bitcoin LONG vs SHORT! THIS COULD BE IT

BITFINEX:BTCUSDLONGS   BTCUSD Longs
Hey there,

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.

Stochastic & normal RSI are at an oversold level, this is a bullish 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,
Roman
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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
Comment: As we can see, BTC fluctuates between 3500 and 4200.
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!
Comment: Hey guys, good job!
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
Great chart. I look forward to see how it will develop.

Keep up the great work. I'll share this in my BTCUSD trade idea.

Namaste.
+1 Reply
Maitodai alanmasters
@alanmasters, Thank you for that, appreciate it! namaste
+1 Reply
By this analysis itself it means a big dump is ahead ?
+1 Reply
Maitodai SpiryXBT
@SpiryXBT, Hey pal, thanks for you question. Well, I would not say that, because nobody can predict it tho. But if we compare it to the past, things look similar.
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
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Maitodai Maitodai
@Maitodai, Could this answer your question buddy?
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YungSwan Maitodai
@Maitodai, liquidity is no created when everyones position is mutual
+2 Reply
Maitodai YungSwan
@YungSwan, cool thanks for this information. Could you please describe it more precisly for those who are still new to this and learning TA :D?
Reply
YungSwan Maitodai
@Maitodai, its simple so basically dont educate the masses
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