Bitcoin long/short ratioAn oldie but a goodie. Concatenate into a Fibonacci channel, and watch it dance in the fibs. Bitcoin dominance (BTC.D) is breaking out and there’s a gap to over 90%, so bitcoin might really pump here and test into the hundreds of thousands of US dollars. The long short ratio looks primed for a fresh high.
BTCUSDLONGS trade ideas
Follow up to BTC Longs Bubble In 2022 I posted my theory the BTC longs chart had bubble like tendencies. I was partly correct. I forecast longs would spike and then drop.
They didn't spike. Did drop.
My forecast here was based on the expectation people would close out longs near the low and there'd not be much participating in the rally. That's how things realistically go. Social media will pretend otherwise - but that's what happens. Here, most BTC bulls exited at the low. That's the realities of market pressures.
It's easy to say you'll hold when things are high. Hard to hold when we're dropping 20% in a day and major exchanges look like they're going to go down in a domino effect.
Now I'd venture a forecast the BTC longs will begin to rocket again - anti-correlating with price downtrending.
Onchain analysisGuys , I see some Big amount of Bitcoin going out from exchanges ....
is it bad or good alarm.....
in the other hand we have large longs positions versus sell in Bitfinex exchange all these things tickling me and intrigue me ,,,,Watch video for more ....
share your opinion with me in comments.
Good luck
BTC Longs Bart Pattern?The BTC Longs got a massive run up when Luna crashed (BTC price at 30k) and again when Celsius crashed (BTC price 25k) and has flat lines ever since
This would mean logically that all those millions of dollars worth of longs are STILL under water. The BTC price topped out at their break even point from when they entered at the time of Celsius fall.
Is this going to be a MASSIVE Longs squeeze?
Assume it was the same person (of country government) if you average out the difference between the 2 massive run ups it would be around 23k
A 2x leverage would get liquidated at 11.5k which happens to still have a CME gap open as well as the lowest one down at 9.8k
So, I assume the price on BTC will wick down to 7.8k and close candles around 10k
Bitcoin Longs At All Time High! BITFINEX:BTCUSDLONGS
Looking at the chart of Bitcoin longs, we can see that the number of traders holding long positions has reached an all-time high of 105,000. This indicates that market sentiment is currently bullish, with traders expecting the price of Bitcoin to continue to rise in the near future.
However, it's important to note that high long positions don't necessarily mean that the market will continue to move in one direction. It's possible that some traders may take profits or close their positions, including exchanges, hedge funds, whales, ect which could lead to a short-term price correction.
As such, traders should remain vigilant and keep an eye on key support and resistance levels on the chart, I have identified a few KEY LEVELS to hold: 1) 24.3, 2) 23.3-23.1, and 3) 22.5. Pay attention for these potential corrections as well as any potential market-moving events that could impact the price of Bitcoin. Keep in mind FED Minutes are Wednesday the 22nd.
Overall, while high long positions may be a positive signal for Bitcoin and my bias is extremely bullish.The Super Guppy Indicator was mentioned in TV news today and if you are familiar with it, its almost a self fulfilling prophecy. If these resistances on bitcoin or alts are broken, expect explosive upward movement as there is little to no resistance especially on ALT coins. Stay Cozy frens, for now our Bera brethren are still hibernating
REMEMBER *NOT FINANCIAL ADVICE* i am just frenly helperz
Long live the crab4hr timeframe let’s gooooo
We have net more shorts than longs since 10 Nov.
(larger stakes* in fewer hands for the longs, and fewer stakes in more hands for the shorts).
*not relative to portfolio size
Fun fact: google trends “sell BTC” interest is at an ATH for last 90 days,
while “Buy BTC” prints a nice 5 wave Elliot down from a 9th November ATH.
We also see Open Interest declining while PA crabs.
We can take that to mean less liquidity for the underlying asset (BTC).
Declining volume is same story.
OI moving with trend supports trend,
while divergent OI indicates less buyers or sellers to open new positions/ are opening offsetting positions.
So what does declining OI mean when PA crabs?
A larger move is imminent (more probable).
Why? Less liquidity = sensitivity to volatility.
No because that symmetrical triangle formation.
Like isn’t that a bear pennant?
TA contrarian here.. I think price will pump. Maybe 17.8k?
I’m not making any calls. Just saying, smart money is in the longs and them shorts gonna get lemonaded.
Okay sorry for leading you on with this TA but I’m distracted right now so wrapping it up here.
not trading advice
The BTC longs bubble.BTC longs have went parabolic while BTC has been dropping through 2022.
The longs chart is now starting to resemble something like a bubble chart. Just for fun, and as an experiment, here's a forecast of what it would look like if BTC longs were to continue to make a bubble like chart and complete in at the typical reversal areas of at (Or somewhere just over) the 423 fib.
To draw the fibs here we're using a method similar to the ones that picked out the current high in SPX drawing fibs from the previous big range (2000 - 2008 crashes).