.....I don’t. Btc needs short sellers for liquidity at higher prices. Without that prices will stabilize. This may trigger a sell-off from those holding based on risk/reward fundamentals. Although we could make it to 100k before this happens, I’m leaning more towards this occurring around 50k.
It is interesting to look at the BITFINEX:BTCUSDLONGS and BITFINEX:BTCUSDSHORTS on this down move. The significant drop in leveraged long positions suggests that this is a profit taking move. Those that were in leveraged long positions are losing faith in a new ATH any time soon. They are getting bored. The corollary to this is that a further move down is...
Bitcoin/USD Bitfinex Shorts (January 16th 2021 through June 2021)
High: $2,282 - $4,386 - $6,818
After seeing the last 2 weeks play out, my original lower target for bitfinex BTC shorts has been achieved but now I'm seeing a potential for it to go even lower. I have adjusted my original fibonacci retracement and fixed the fib proportions error I...
After a week of deliberating the shorts falloff since bitcoin kept reaching new all time highs almost every couple days, I think we still have to find a bottom for the shorts crowd and then the market will really be in a golden euphoria. But does the smart money love my incorrect charts? I'm trying to learn, I swear!
I think bitcoin COULD go down in a few days...
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...
Hello, shorts positions are very low, which is weird in an uncertain situation like the current one. Despite not all the odds are for a fall of BTC, this is a scenario it makes sense to play right now.
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BTCUSDSHORTS H4: Are we ready for 300% build up in...