Bitcoin : I think it's a little early for Short !
Updated
Hello.
I think that short position will not be brought to the agenda without ensuring permanence under the green trend line for Bitcoin.
Cryptocurrency Terminal :
Comment
Hashrate and Bitcoin Total Transactions data seem healthy.
In general, we can say that Blockchain data is above average.
We bring short positions to the agenda when a few bars below the green trend line are permanent.
Let's notify each other.
Regards.
I think that short position will not be brought to the agenda without ensuring permanence under the green trend line for Bitcoin.
Cryptocurrency Terminal :
Comment
Hashrate and Bitcoin Total Transactions data seem healthy.
In general, we can say that Blockchain data is above average.
We bring short positions to the agenda when a few bars below the green trend line are permanent.
Let's notify each other.
Regards.
Note
Hashrate and total transactions should drop a little more, if it is permanent in case of green trend line, it will be healthier to try short.
Note
Hashrate dropped but Bitcoin Cost Per Transaction Change is still positively strong.
So i still think it's early for short.
Note
Last 33 week Bitcoin fall and relative blockchain data change :* Average Block Sİze is still relatively so high
* Hashrate Change is still relatively so high for Clear Short Position.
Note
Typo : Last 33 daysNote
Last 115 bars : * Hashrate change needs to drop a little more.
* Bitcoin Cost Per Transaction must exceed 0 and be a strong value.
Miner Revenue has fallen about 50%, that's good for Short.
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