Very bearish for the altcoin. And in combo with other short/long quantity graphs on bitfinex of other altcoins and btc , looks very bearish for the sector
@tradingformula what do you think about it? support broken. It should be positive, correct?
+1 Reply
Gi7vis Gi7vis
@gbklipai, @tradeformula
I don't quite understand. Don't low shorts mean that the traders don't expect XRP to drop in price short-term?

Like the stuff this guy writes:
+1 Reply
MysteriousPersian NoobOfTheMonth
@NoobOfTheMonth, I see it as a contrarian indicator. I assume most investors trading on bitfinex are retail "sheep" investors that follow the heard.

as a general rule of thumb ive noticed shorts Increase as price goes down, and decrease as price goes up. And extremes are shown as extreme fear or greed. Low shorts being greed to the upside, and High shorts being fear (or greed to the downside)
+1 Reply
MysteriousPersian NoobOfTheMonth
@NoobOfTheMonth, Xrp is not on an uptrend, its on a long term downtrend, and my final target is for 0.16, maybe even lower
NoobOfTheMonth MysteriousPersian
@MysteriousPersian, Yeah, maybe. Happy buying to you when that happens.
+1 Reply
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