Hey! Another Idea about the currency OMG/USDT this time. This is not predicted using the cap or volume but by the pattern, it followed through last year. The green line is the work done by me and the perfect 'W' explains the movement through time. The timings are correctly mentioned as well as the price range. Please take a look at the graph for a good...
Just me watching a good ole TRI review.
What can margin traders' behavior - arguably, ' smarter ' money-, tell us about current state of trends? Maybe some interesting things. Let's see: First, Open Interest (bottom pane). It represents all longs and shorts open at any given time, in Bitfinex. Its all time high (ATH) happened during the very bottom of last bear market: December 14, 2018. Shorts...
Hi there, traders! So, resistance came quite around anticipated level, producing downward swings to upcoming fractal structures (represented by colored averages on 305 mins chart). First average (pink) couldn't manage to hold two succeeding attacks, letting price break past it, as well as nearby uptrend line. A clear weak attempt to test pushing price back above...
Hi there! Here a brief, complementary view on the topic covered in previous study (based on Bitfinex margin trades). (Red spikes in volume area are claim transactions. See previous study.) This time I'm not bringing any particular analysis up-front. Rather, I'd like to suggest a collaboration between us, interested traders. So, what do you infer from this...
As reported by spot vs margin volume indicator, traders' will to go long started 12-16 hours before yesterday's drop (1), likely betting on a 0.618 fib bounce. It happened swiftly after fib touch, with huge spot / exchange volumes kicking in, most in a single 1 min candle. Shorters have contributed to the move with some good amounts of closings (2), aka...
Before this analysis, i want to share my analysis the before. I called this local bottom around $6600 levels and bought BTC at this level. BTC is now $7600. It's clear long trade for me. Reasons that i took trade are; -Bullish divergence on RSI and price action, -Horizontal Supports, -Hashrate and difficulty levels (I always check them) -Finally Elliot...
Greetings members & guests, HAPPY NEW YEAR 2019! PLEASE hit the Thumbs Up button on the right to show some support and NY love ----------->>>>>> ^^^^^^^^ <<<<< Comments and questions are welcomed below, please feel free to ASK anything! HOW TO TRADE THIS CHART? First like/thumbs up the chart then read below..... From our chart earlier in the...
Imagine shorts breaking this wedge up and going to the weekly resistance. That would take us to sub 6k, be safe with longing now.