I do believe you can predict 2% moves based simply on the ratio of longs to shorts. I dont believe this 1k long from 6600 and higher will be just left out to stay profitable.
Hi lads, I stopped charting and looking up TA for a while. IMO the manipulation is and was at such a high level that no chart was helpful. Anytime shorts built up, they'd pump it up 200-300 dollars. Longs would build up, they'd dump it (the exchanges themselves). So it was just a guessing game. Anyways, in the perfect world it'll make something like this. But...
Hi, a quick update, since BTC is doint it's boring thing again. However, interestingly, we have now a similar situation as in early April. The shorts are rising more and more, and will soon be higher than the longs. In this case, I think we'll see a nice short squeeze, as in April. I'll keep a close eye on the long/short ratio at Bitfinex. The indicators are...
Info on chart.... My opinion Shorts will get REKT Take a look for yourself :)
Hello! In this chart I'd like to show that you can find nice fractals everywhere, because fundamentally markets are driven by human mass psychology and since this mass psychology doesn't change, the patterns also repeat. But are they always to be trusted? No. One has to look at a lot of different factors and check if the situation now is similar to the situation...
SEE MY PRIOR CHART DEPENDING ON MARKET, LONGS LEAD BY 0 TO 5 TO 14 DAYS...LIMITED UITILITY IN FORECASTING PRICES, NOT CONSISTENT DANIEL BRUNO, CMT
Bitcoin Coinbase Update 12:52gmt 07:52est Although it's rallied above the 8768 line and held the the little retest the rally from there has been very lame so far. Looks to be waiting for more buyers going into US open. They need to be there or this long shot will get stopped ...raising stop to 8810 as if it gets hit it will come back to the 8768 line...
BTC 0.96% acting strange for the last days, if BTC 0.96% was a human he would kill himself and finish it. so much fear and sadness around it, people feel like BTC 0.96% going down without saying goodbye. numbers like 3K, 4K, 6K, numbers no one ever imagen will be shown again on our charts, look like inevitable. this chart is my feeling chart. On my Green...
Here is a video explanation of what bitcoin is doing. If there is loss of quality just pull up my chart. Its more important that you listen to what I have to say than to look into the chart. Relax, Enjoy your weekend. Bitcoin still has a few more weeks of down side before we go back up. Ciao Not Trading Advice Friendly Charting Done...
Bitcoin's surge seems impulsive for the moment. Don't get too confident (for bulls) or scared (for bears). This is a normal bounce since we bleeded from 12k to 7.2k without retracement. We have many resistances to break before being bullish again. Remember as well (see chart) that these longs will have to close (and thus sell). If BTC 4.30% 4.33% lacks of new...
Bitcoin's surge seems impulsive for the moment. Don't get too confident (for bulls) or scared (for bears). This is a normal bounce since we bleeded from 12k to 7.2k without retracement. We have many resistances to break before being bullish again. Remember as well (see chart) that these longs will have to close (and thus sell). If BTC 4.33% lacks of new buyers,...
Buy triggers at at 1.313 with take profits at January highs of 1.35, stop loss at 1.3030. Tomorrow we have BoE interest rate announcement
Chart says it all. Just an interesting view on whats going on that you might have forgotten you can pull up.
I think it would be best to look for EUR Buy setups based on what this long term chart shows