ETH price move and Bitfinex Longs are highly corelated
Not that we are at the bottom yet, but whales are beginning to accumulate. I believe there will be more downside over the next few weeks. but when this is up 32% already today, somebody sees this as a buying opportunity. notice the pattern, 2 large buying days plus 40 days from the first large purchase date, has signaled a local ETH bottom. Following that...
Notice the ETHUSDLONGS vs ETHUSD When the longs close their positions rapidly, this has indicated the local top is completed. And as you can see the longs have rapidly closed. Prepare for a local top in ETH. Good Luck
A lot of people are liquidating their longs going in to the weekend. I can see us falling through Sunday
Changes in ETH net longs appear to lead price changes. This is true for BTC as well. ADA net longs appears to lag price changes, however.
Looking for a reversal in long-run sentiment here for $ETHUSD. Much more runway for the Ethereum ecosystem.
As ETHUSD Longs continue to rise, almost 200% today... I am going long with big bags of ETH with no target less than a new ATH, otherwise the recent one.
Not much to say... It's all in the chart. - will keep an eye on July 19th, 2021 (next price-time pivot)
Welcome Hyperspace Travelers, Hope you were not caught long at 12k... Ooooof.. You should probably check out ETH.USD longs... Just look at all the death fuel. ___________________________________________________________________ The Fuel for the Black Swan Event for crypto lies in ETH.USD Longs... It will lead the death march with Bitcoin.. Please See latest....
almost 10x the amount of longs vs shorts. high funding rate of 0.4-0.8% currently. bearish eth btc
Fractal of btc longs and ethusdlongs Looking for a familiar structure to form for success of this chart Looks like a large double top on BTC longs
Too many new longs trying to make some money back on the bounce. Very easy for the whales to squeeze this and they probably will. BTC doesn't seem to have the same issue at present with longs to shorts at a fairly low rate so could see just an ETH tear down.
Leveraged traders started to buy ETH in march of 2018 at price $850 (note first TL break) BUT have reversed this trend recently (second trendline break which happened recently