Here is a comparison of BTC long (main chart) vs short (purple chart) positions. It's clear that there are almost twice as much short positions opened compared to longs. If we look it as it is, that could mean this is the start of some bearish movement. But there are 2 . Rising wedge++hanging man pattern/ Inverted hammer pattern++bullish engulfing pattern++increasing volume++on the support level++RSI over sold=Bullish trend. Ratio of bitfinex longs versus the total btc in positions. Maybe a good indicator of market sentiment. It allows you to see too where were people taking profit or closing positions. Remember that ratio going up doesn't necesarily mean more longs positions are being added. It could mean shorts are closing position massively. The conversely is also true. The rate above doesn't necesarily.
Tradingview btc longsBTC Longs vs Shorts for BITFINEX:BTCUSDLONGS by Shywado — TradingView
It was too violent to be "real". Too much. I still think You can interpret it at your discretion. Let me know your view in the comments! Hello, the short term rise scenario has played out 1st idea linked below. However, Shorts are at the all-time lows 2nd idea and Longs are at a possible reveal point, as you can see from the chart.
Most crowded trades are usually not the best. Next days and weeks will be crucial, but I still expect a correction to wipe out all those longs, before the bull run There might be a short term increase in longs but, then I think longs could drop and get squeezed should we drop out of the triangle. This is speculation and not trading advice. Bitcoin longs can decrease even more and send price through 10k mark.
If you love the video, please press like or leave a comment below to support our work. Thank you GH. Let's see if a EMA is a support strong enough to make it bounce back up. MACD looks bullish even if it took him long time to get to this point. RSI is really low which is another bullish indicator. BTC price is getting lower. I wouldn't be suprised to see a wall of orders at 10k and which is target we have to reach before BTC can get up in price.
Hello, incredible to see how the lines I drawed months maybe a year ago acted as resistance and hopefully will act as support now. We are in the area separating the bull fro the bear market so, if it is the case, we will see a second up leg in the longs, meaning that BTC will go up. Since Bitcoin formed this significant bull-trap yesterday after moving above the level and pulling back to previous zones with an emerging impulse it is forming an interesting formation now that will be the determining source within the upcoming times, BTC is facing resistance along the 0.
Bitcoin hitting top bolinger on 15 min. Also resistance level with many highs on 4hr. Take most of profits here. Most likely will decline back to 35 ema. I'm waiting that price can continue uptrend. We can open long position as soon as BTC will break nearest resistance. Next resistance It was developed by our experts for intraday trading purposes.
What does this Videos only. Will History Repeat itself? Remember you heard it here first! Wyckoff Distribution says Bitcoin will go down,don't get trapped. Breakout Imminent!!! Bitcoin potential breakout from triangle. Update on previous idea. Bitcoin reached nearest resistance Show more ideas. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network.
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