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Shortslongs

BTC Longs/ShortsHello friends Often I do an analysis of the short and long positions on the Bitfinex crypto exchange. Now I want to explain how to analyze from this analysis where Bitcoin will go. From experience, I can say that short positions are closed when a large volume of positions is liquidated, as it was when Bitcoin broke the 6300-6400 level on May 8-9. Now the shorts are at their lowest marks and they will increase. and eliminated a little later after 8400 breaks. I analyze the levels of support and resistance in my experience it works Example
BITFINEX:BTCUSDSHORTS
by EXCAVO
4
BTCUSD Shorts at ATH, Longs/Shorts ratio at all time lowThis is BitFinex shorts/longs total amount in BTC at the bottom Shorts at an all time high, shorts to longs ratio is at an all time high as well, by far. Maybe just a bit of spook is needed to make the shorters shit their pants I think. But I think this weak news (the rejected ETFs to be reviewed) are not enough to spook bears. Really, a decent price pump, THEN followed by bull news might start the short squeeze. Too early to call entries/stops/exits. A possible way to play this would be to get into a small but long-term position when the price exits this range of 6900 - 6200, going long if the price breaks 7000 and short of price breaks 6200. BUT I really don't like that setup. I will stay on the sideline for now.
BITFINEX:BTCUSD
by profghibli
3