Expecting bear market to continue till 2019 November. Winter is coming.
First time i see this, because first time it fires on daily. I wonder how will this play out. I think we might see a massive increase in shorts soon and a price drop. Looks like it will fire long on shorts because momentum is up, so price down action is expected. Might reverse, will see or maybe even nothing happens? Very interesting.
Old data analysis, it's good to do that from time to time ;)
Current price is not sustainable. Indicator: BitMex funding ratio and BTCUSDLONGS, correction needed for market to be healthy. Entering into red zone is possible, two rejection lines at 10.3k and 11.6k. Healthy price is around 8.0k. Good risk reward ratio to go short, specially on bitmex ;)
Good Job market! Expecting price to slowly go up in short-mid term. Alt bleeding is possible.
Recent price rally is just a start. Anomaly in market, we are in huge shorting bubble right now. About to pop.