Hello friends
Often I do an analysis of the short and long positions on the Bitfinex crypto exchange.
Now I want to explain how to analyze from this analysis where Bitcoin will go. From experience, I can say that short positions are closed when a large volume of positions is liquidated, as it was when Bitcoin broke the 6300-6400 level on May 8-9.
Now the shorts...
This is BitFinex shorts/longs total amount in BTC at the bottom
Shorts at an all time high, shorts to longs ratio is at an all time high as well, by far.
Maybe just a bit of spook is needed to make the shorters shit their pants I think.
But I think this weak news (the rejected ETFs to be reviewed) are not enough to spook bears. Really, a decent price pump, THEN...
LBC/ LBCBTC
Focusing on one coin that is Highly Volatile like NEO , OMG and QTUM can be highly profitable, But what if you are in love with another token like ARK or in this case LBC?
I am just doing an experiment to see if patterns do exist in the long and short. Are there market cycles within Market Cycles?
-Rett Sloat
-RSS-Legacy
-Wolfy.
