@keifer, if you look at shorts and longs stats u'd notice longs have ratio'd shorts.but market might move in favor of shorts resulting in less people making .i do not necessarily see more sellers right now.
Also, market sentiment changes fast and that number could change as well
keifer
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@Cryptadict,Thanks for the tip but this only tells me that those who have gone long are the hopeful hodlers and the greedy shorts are day trading scalpers.
For me, looking at the actual current buy/sell ledger on the depth of BTC vs Money gives me an idea of what everyone is thinking. The scale is heavily weighted towards those who go long (which can go south in a heart beat) and the shorts are heavily armed against such dreams of grandeur..
Currently the depth gauge is sitting at 84 buyers to 147 sellers, a lot less money to give needed volume to drive prices up. Of course this is one slice of the pie; is it not?
However, this is obscured by the iron curtain; the unknown... a ratio of ledger vs. watchers. Best solution is always going by TA and what we are seeing in real time pricing of the ledger ratios within the depth (not candles) of CASH vs BTC.
I am open minded and always willing to learn, if you see a flaw in my thinking, please correct this with my gratitude. I know better then anyone that there is always room for growth.
Cheers! :)
Edgy_
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Yep, esp. with those volumes/liquidity we have now. Very easy to move prices for fake-outs.
Cryptadict
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@jack777 exactly, the PA is like a lone leaf rn getting dragged around with every wind that comes by lol.stay safe x