Aegist
Long

Shorts tell you all you need to know

BITFINEX:BTCUSDSHORTS   BTCUSD Shorts
As you can see, shorts tend to be at their highest when the market hits its bottom, and at their lowest when markets hit their top.

We're currently at a value which is second to the ATH number of shorts, and still growing. Either the bottom is already in, or even if we push down one more time, the larger number of shorts will probably support the price as so many people take profits. (also, longs are very very low already).

So in short, there is a huge number of people who have already sold BTC , and they *must* buy it back - many will do so in the vicinity below this price to take profit, and prop the price up, and many many more will do so as stop losses or liquidation the second BTC makes a strong upward movement, creating a cascade of upward pressure. At that same time all of the people who had recently closed their longs will jump back in to new long positions, and help push the price even more (and very few people in long positions will close them to take profits, because there are hardly any longs open (relatively speaking).

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out