1) BTCUSD Longs are at record ATH... and I remain bullish!
2) BTCUSD Shorts are at halfway ATL
BTC is on a critical support. But one side is destined to lose and get burned... which side are you taking?
PS BTCUSD weekly chart has closed with a green candle ever since May 19th dip. Will this week's chart turn from red to green (north of 41k), to will it be red?
While BTCUSD Shorts continue to rise, it is interesting to notice that BTCUSD Longs are at record ATH matching Dec 2019 and Feb 2020.
BTCUSD continues to remain undecided. It has been a month where trades are becoming unworthy if not too risky. Alts have lost more than 75% of this years ATHs, yet Alts don't seem to nudge on positive announcements either as...
I would not call this recent move up a "short squeeze" despite the sudden inflow of margin shorts. There are still roughly 3 times the number of leveraged longs and steadily increasing. Traders still see this dip off the ATH as a "buying opportunity" and have not been liquidated en masse yet.
It seems suspect to me that everyone is screaming that bitcoin will go to $300k yet on the long side its at 2 year lows since 2018. Something is up... Shhhhhhhhhh
I think the longers can see a continued downward trend and then a quick rebound for one last leg and then maybe find a floor to start building off of for what 2021 will have to hold for us. Watching and...
we are exactly on the 21MA daily. Many are scared now, but until we hold this level, we can consider the movement as a normal and healthy retracement and the uptrend can continue. It was too violent to be "real". Also, long/short ratio (adjusted for the holders) reached levels lower than those during the 13th of March due to Covid today. Too much. I still think...
Le 1er graphe permet de voir le sentiment général du marché. Il correspond à la somme des positions LONGS - SHORTS sur BITFINEX.
Ca donne simplement une appréciation du sentiment du marché à l'instant t.
Le 2e graphe correspond aux positions en LONGS du marché sur BITFINEX
Le 3e graphe correspond aux positions en SHORTS du marché sur BITFINEX
Le 4e graphe...
Hello, the short term rise scenario has played out (1st idea linked below). However, Shorts are at the all-time lows (2nd idea) and Longs are at a possible reveal point, as you can see from the chart. Most crowded trades are usually not the best. Next days and weeks will be crucial, but I still expect a correction to wipe out all those longs, before the bull run...
Let's see if a 144 EMA is a support strong enough to make it bounce back up.
MACD looks bullish even if it took him long time to get to this point.
RSI is really low which is another bullish indicator.
BTC price is getting lower. I wouldn't be suprised to see a wall of orders at 10k and 9600 which is target we have to reach before BTC can get up in price.
Hello, incredible to see how the lines I drawed months (maybe a year ago) acted as resistance and hopefully will act as support now. We are in the area separating the bull fro the bear market so, if it is the case, we will see a second up leg in the longs, meaning that BTC will go up. This is also in line with the indication of my "secret indicator" (next idea).