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 . Last time the total # of positions in the market (both long and short,with just bitfinex considered) was that low was July '19 and btc started its decline from 13k to k (the covid happened). True that thera has been a serious outflow of btcs from exchanges in the last quarter and the data can be affected by that, but still the value is. BTCUSD There was a lot of bad news yesterday, things started to fall. The main part was sold, a good fall is expected, many opened short. It is not yet profitable for big players to see BTC go down. In the long term, the trend is upward, the correction has not yet been normal. The price can go up in the region of $ 29, to believe in growth.
Tradingview shorts btcBTCUSDSHORTS Charts and Quotes — TradingView
Hello to all respected traders!!! As I have shown in the chart, Bitcoin is within its historical resistance at the weekly timeframe, and the last candlestick to close is a perfect pendant with a hanging man. The RSI also indicates that Bitcoin is in full saturation, so I think all the conditions are in place for a correction to the range.
I will be very You can interpret it at your discretion. Let me know your view in the comments! Since the economies of the countries of the European Union, Germany, England, the United States have simply become strong, and no financial assistance from the FRS will help the markets grow.
The FRS's announcement about buying all the bonds of those structures that fell like a stone to the bottom suggests that the world system will collapse in the near Bitcoin is in a downward trend, so the signal short is definitely normal, and Ichimoku and the chart line and the trend line also confirm.
Hi everyone! Here is my trading plan for btc! As you can see, we have a rising wedge formation making confluence with the strong resistance zone So I'm going to open a short position targeting the This is my short target for the upcoming dump.
We might have a short Add on the red box if it gets there! Don't FOMO into a short now, wait for the entry target! I've already explained some key points on the chart.
Volume shows top is in. Let me know how likely it is for Bitcoin to hit this kind of price action Happy Holidays!!! However XRP should stop dumping hard now, the news made it through the whole world, everybody who had to panic panicked already. Technically we are seeing a diamond on BTC which is a bearish Yesterday BTC aims towards local support orange line.
After trying to attempt this support area we started seeing a nice uptrend. This resistance area marks a critical resistance target. If we close above , we can expect Hello everyone In my previous analysis even though I am bearish in bigger picture..
However in 1 hour time frame we could have a breakout that could lead to a new high Price stuck inside a triangle.. Price broken triangle but need to close above green line and same time Green line need to hold as support.. The infamous "Then they fight you" phase started! Merry Christmas. BTC is facing resistance along the 0. There is no correction at this moment! 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. As we can see, the price moves uncertainly. It follows the line of resistance that begins in November The price does not move far from the line. Yesterday I said that the price will reach the support zone. It can be seen that almost the price succeeded, but soon the price began to rise.