Last time the total # of positions in the market (both long and short,with just bitfinex considered) was that low was July '19 and btc started its decline from 13k to 6.5k (the covid happened).
True that thera has been a serious outflow of btcs from exchanges in the last quarter and the data can be affected by that, but still the value is really low (wouldhave...
Not even the long/short indicator (usually a contrarian indicator) gives us any insight about the next direction.
Its level is 1:1 (excluding hodlers that are long by definitions and do not trade the trend) meaning that for each long position there is 1 short. Total uncertainty among market participants.
Shorts are at their...
Hello, here to show the second part of the idea to identify the general trend before going in details for shorter terms strategies.
(Read the related idea in the link below if you want to learn more about the ratio and don't forget to like and comment as it helps me to understand if you appreciate my contents and what to focus on)
So, starting from the main...
We all watch those two indicators very often, but they separately do not provide much information as when used combined. Also, as mentioned in the linked idea, their absolute value is not that useful as well.
But, when used them together and with the ratio betweenthe two (LSR), we can draw a couple of conclusion.
1 - We can state that the number of longed BTC...
Looking for a short squeeze over the weekend to kick start XBT uptrend and wave 4 on alts. Lots of fear in the market, shorts piling in after a huge plunge. I closed my shorts on BTC at $4700.
When Shorts/Longs are overbought on the RSI at the top of that channel we typically have a rally to the upside in price.
Hello guys, taking a look at longs charts I saw an interesting conformation of the graph that confirms our Medium term LONG view on our beloved Bitcoin.
Let's see why, but first let me answer a question that you guys may have.
Why aren't we looking at the shorts graph?
Because shorts are typically non that indicative to guide us throught a trend as short...
There are waves of selling and re-accumulating - and when someone is closing their longs progressively only to re-open them you can see this. Bitfinex BTCUSD - longs graph is always interesting to me. Note this last little capitulation zone - perhaps out of boredom/fear. A new gradient perhaps or the previous trend line stays intact. An algorthim that is building...
We got to a interesting point where longs are pretty high while touching the previous high point.
MACD is starting to lose momentum.
RSI needs some rest as well.
This could be the end of the first high.
The next days will define if we will continue to go north or back south.
Any way, it would be good if we get now into an accumulation zone where the 55 EMA could...
A large percentage of longs have been liquidated and executed, they resort to what happened when 20k of shorts were liquidated, the price fell like stone, in this scenario the thing is reversed, when so many longs are liquidated the only thing we will see soon is a sudden movement bullish.
Pay attention. They already positioned themselves long ago.