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...
There might be a short term increase in longs but, then I think longs could drop and get squeezed should we drop out of the triangle. This is speculation and not trading advice.
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...
Bitcoin longs can decrease even more and send price through 10k mark.
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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).
Hello, BTC Longs back above 30k units on Bitfinex which, considering the bleeding of BTC withdrawn exhange have been experiencing after Covid, is even a more positive signal than it was few months ago
As the title says...
Longs got low. We've seen them rally when they get this low.
MADC shows the first signs of changing direction.
RSI is at its lowest oversold moment.
Let's see...
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...
