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.
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...
This is a perpetual continuation of Margin Market Analysis where I am using WIP experimental circle fibs analysis retrofitted here.
We already got our Year's Lowest Low, following by a second wave and now we are heading to a return to MA on 3rd wave while Spot market got to our 3.1K Bear target and should start it's first wave now. So they look for first time in a...
as u can see 60% of bitfinex users are in shorts position. it means one thing: More potential buyers and they cant do anything about that because they should buy, they owe.
so i'm looking for a beautiful long position.
for 1 or 2 days i'm bullish and going long but as you can see in my Short percentage chart we get supported at blue zone area which is a very very important area. when see support in this area we should see a massive sell of but taking a breath is imminent.