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...
What it exactly means. I can only assume. Traders change their minds down.
Will bitcoin grow up?
Or new fraudulent tricks of the exchange that earn more on human emotions.
In short, I do not believe. My opinion is the same.
The consensus is over, the circus is gone, the clowns are left!
looking at the chart of BTCUSDSHORTS ratio Against BTCUSDLONGS we are seeing that it is pretty much where we should long! because 60 percent of people are in short (on bitfinex).
also longs it self are very low compared to 2018 market(i will add that to this idea later).
so looking at this data and using them as indicator was really helpful to me but in this...
I always like to use different technical analysis to come up with new ways to analyze this market. Here, I used an EMA ribbon onto a ratio that links the amount of open longs to open shorts on Bitfinex.
Basically, BITFINEX:BTCUSDLONGS/BITFINEX:BTCUSDSHORTS outlines the instantaneous sentiment of the market: basically, it tells us what the market thinks about the...
Shorts Very up on 1D Timeframe.
Rsi + Macd + Stochrsi in the Redzone.
Shorts go UP but BTC still at 5300ish so it can be a good sign.
Lets see where Shorters can go this time & wait for a possible BTC pump soon.
Happy Tr4Ding !
Total leverage exposure is starting to reach towards lows which have been seen at each previous top preceding a dump in this market.
Longs have increased from 20k to 30k from $6k
Shorts are reaching the 20k lows which we have seen in advance of each previous dump
Conclusion – Retest of 3k coming.. eventually it will be but prly need to clean these longs out first.
Hi friends! Welcome to this update analysis on Bitcoin! In this analysis, we will be comparing the price action of BTC to the BTC short interest. So, without further ado, let's get right to it!
In front of you, I have a comparison of the weekly BTC shorts line chart (in dark grey) to the BTC weekly line chart (in light grey.) As you can see, nearly every time the...
Dear Tradingview.com community, the chart says it all. 20% to 30% upside possible. Please read my previous analysis, I have been consistently right and one of the few here who predicted this parabolic price rise since the Binance hack.
Remember always DYOR!!!
As short interest continues to rise, the price of Bitcoin has not moved much and remains in a tight range at a major resistance level. Often traders "blame the whales" for taking them out of trades, but here we have a distinct sign that there may be some Whale activity.
We actually have written many articles on how larger operators look to manipulate markets. ...
In this report, we will discuss price ranges and forecasts, my general positioning, open interest, and market maker theory. Remember, none of what I say in here is investment advice. Risking money in markets is dangerous and can result in financial loss. Consult your licensed financial professional before making any trades/investments.
Hello subscribers and traders!
Over the weekend, the situation has not changed.
We are still under strong resistance at the level of $4300-4400. Ideally it would be if a false breakout of resistance was formed, there we would be able to add a short.
Today I present to you for comparison two graphics that clearly indicate when you need to open the short and long,...
BTC shorts on the weekly are sitting on support. The last time they broke below this trend line was when we had the Nov 2017 parabolic rise to ath. If this breaks down again then we're likely to see BTC rise again. RSI is falling and stochastic yet to reach oversold for this timeframe.