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BTCUSD SHORTS: 300% upside from here(NEW)
#bitcoin No body is shorting #BTC Left pointing backhand index
Theoretically it is the best time for the Market Maker to dump it down to 6k.
Then create FUD and bearish scenarios.
Make people short again.
Even though it already fell down from 10k
Destroy the noob traders.
Good day !
Some interesting images:
On the RSI indicator with the period of 28 , in classical position the 14th period is situated approximately there, on the long chart, on the daily time frame RSI has drawn ABCDE , but on the short chart a divergence is formed. It surely doesn’t principally mean anything 😀 and it shows only that we are waiting for the volume...
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...
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.
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...
Everything that goes up must come down - Murphy Law
Like you can see in the graph SHORTS on Bitfinex are very low, and from the past you can check that most of the time when SHORTS hit this area...they are going up and BTC is going Down...
i would be happy for BTC if the story not repeats again but i care more wisely invests than be sinked in a BearTrap.
One can visualize the pain and carnage of the traders that were short Bitcoin going into this move. While neither the amount of short interest nor the percentages long/short were at record levels they were definitely high and had been increasing steadily since the dump in March. If anything it was a great reason to be contrarian as the shorts steadily increased...
Is there any sense behind these numbers? Bitfinex BTCUSDSHORTS and BTCUSDLONGS, what are they and what they indicate?? could someone clarify?
OR is those only fake data which purpose is to mislead stupid people? I do not understand, please someone tell what those are?