Since we have hit 6000 support we have seen a rebound in BTC price, with a decline in short contracts of about 250 since last reported by the CFTC. We also had an interesting past week where market prices have not been affected by the SEC commission decision to denying a BTC ETF, which is a positive sign maybe showing the market could potentially mature. Having...
Bulls are back in business. Looking at the last report from CFTC dating 24.07.2018 we can see that the number of short contracts have diminished by appx. 900 contracts showing that bears are running out of steam, however the short-positions are still higher, nearly double than the long ones, therefore, the bears still feel that prices could drop. Having said this,...
We have seen a sharp increase in BTC/USD in the last week. It can be a positive signal that the bulls are back in the game, all technical indicators provide us with a momentum increase on buying volumes. The short squeeze has again showed its strength to all short sellers. Our analysis does not indicate financial advice, it is our personal view of the market,...
We have seen a sharp increase in BTC/USD in the last week. It can be a positive signal that the bulls are back in the game, all technical indicators provide us with a momentum increase on buying volumes. The short squeeze has again showed its strength to all short sellers. Our analysis does not indicate financial advice, it is our personal view of the market,...
