What can margin traders' behavior - arguably, ' smarter ' money-, tell us about current state of trends? Maybe some interesting things. Let's see: First, Open Interest (bottom pane). It represents all longs and shorts open at any given time, in Bitfinex. Its all time high (ATH) happened during the very bottom of last bear market: December 14, 2018. Shorts...
Hi there, traders! So, resistance came quite around anticipated level, producing downward swings to upcoming fractal structures (represented by colored averages on 305 mins chart). First average (pink) couldn't manage to hold two succeeding attacks, letting price break past it, as well as nearby uptrend line. A clear weak attempt to test pushing price back above...
Hi there! Here a brief, complementary view on the topic covered in previous study (based on Bitfinex margin trades). (Red spikes in volume area are claim transactions. See previous study.) This time I'm not bringing any particular analysis up-front. Rather, I'd like to suggest a collaboration between us, interested traders. So, what do you infer from this...
As reported by spot vs margin volume indicator, traders' will to go long started 12-16 hours before yesterday's drop (1), likely betting on a 0.618 fib bounce. It happened swiftly after fib touch, with huge spot / exchange volumes kicking in, most in a single 1 min candle. Shorters have contributed to the move with some good amounts of closings (2), aka...
Before we look the chart above, i called this price almost 1 month ago. You can see here; Now, if we can close a strong green daily candle , we will have bullish divergence on DAILY chart. It means we MAY have bottom. One of my conditions will meet. I am not saying this is the bottom. But we will understand bottom that way. I am buyer here until 5.8-5.5...
Greetings members & guests, HAPPY NEW YEAR 2019! PLEASE hit the Thumbs Up button on the right to show some support and NY love ----------->>>>>> ^^^^^^^^ <<<<< Comments and questions are welcomed below, please feel free to ASK anything! HOW TO TRADE THIS CHART? First like/thumbs up the chart then read below..... From our chart earlier in the...