DecisionDoji

Bitcoin a story of longs and shorts

Long
BITMEX:XBTUSD.P   Bitcoin
It is common knowledge that longs or exposed to infinite gains while shorts are exposed to infinite losses. In spite of that people still takes the risk to short a market even face with the fact that bitcoin is in a general uptrend since 10 years.

While history does not repeat itself it with a certain irony rhyme.
Let's not let ourselves trap in a paradigm but analyse what's in front of us and find out what can be the rights conclusions.
On that end I will analyze today the charts of longs and shorts positions from Bitfinex and speculate what the resolution of the current Bitcoin consolidation will be.
Trade active:
see the following parts :

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.