Margin Market continuation IIThis is a perpetual continuation of Margin Market Analysis where I am using WIP experimental circle fibs analysis retrofitted here.
We already got our Year's Lowest Low, following by a second wave and now we are heading to a return to MA on 3rd wave while Spot market got to our 3.1K Bear target and should start it's first wave now. So they look for first time in a while aligned in a bullish run.
No target here, just an expectation for it have some pit stop on the MA50.
BTCUSDLONGS trade ideas
btc longs are on the up while shorts have topped out It looks to me like the sentiment is changing in the btc/usd market as shorts seem to have topped out and longs are on the increase quite rapidly.
I think we will have a steady incline in btc value over the coming month.
Excellent xmas present for someone :)
BTC - Next drop incoming ? I saw a lot of post saying that capitulation or bottom is here. If you're still there, then this might be not capitulation, but the beginning of something bigger.
Don't forget that we are playing against very very big boys. They don't care about losing a few millions. They are the marketmakers, and they will shake us until everybody is pissed of and ragequit.
I was expecting a break up of the huge triangle BTC is in, like many people I think. All the crypto industry is developing, many awesome projects, and Bitcoin is becoming more and more mainstream. For me all is good for a trend reversal, it might not be this year but I'm pretty sure that soon or later Bitcoin will have good days again.
Tracking Bitfinex Margin Trades vs Bitcoin Price ActionNotice The Trend In BTC Price Movement When Shorts and Longs Overlapped.... Testing A Theory Not Sure of Accuracy..Backtracking Since Oct 17 It Has Been Consistent Thus Far.. If This Is Correct After Nov. 14th CBOE Futures...Bitcoin Should Pump If This Is Accurate We Short See $6,500 - $6,600 By End Of Week (Price Range based of RSI Havent Broken 62% Since Jul 18)
With The Exception Of Dec 17 and Feb 17 Due To Mt. Gox Sell-Off.
Sharp Drops In BTC Shorts (Yellow) - Contracts Liquidation Due to BTC Price Spike
I AM NOT AN EXPERT IN TECH ANALYSIS SO ANY CRITICISM IS APPRECIATED
THANKS FOR READING
Through the Eyes of the Market Maker Part 2This is a progression of a prior idea. Highlighted as per linked idea below.
This BTC rise feels sponsored. I am thinking we may see a rejection at resistance now around 6600 or soon around 6800.
A break above 6800 might cause a small run in retail FOMO and longs may build. Once Longs chart starts sloping upward, I will be prepared to dump. As of now, it's getting dicey IMO.
We have also now learned the market's propensity to sell alts when BTC runs. This betrays the market's positive sentiment for BTC, which means that liquidity and longs can build very quickly.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
BTC Longs less BTC Shorts on BitfinexI see this bear scenario to be more probable since there was no signs of reversal in the downward trend of Long/Short ratio.
It has been going down since 2018 started. In August 2018 it has finally shifted to the negative numbers.
Why would it suddenly jump up now?
Long/Short ratio in $BTC almost at ATL. Countertrade the herd?The amount of longs/shorts on BTC is almost at an All time Low since recorded history. the All Time Low is on 24st 2017. That is just after BTC went from 5k to 3k, bounced and made a higher low. After that BTC steemed to 20k in almost a straight line probably getting so many shorts rekt.
In the next chart the red line are the shorts, you see they got rekt and than bounced to a new high only to get more rekt after that
Shorts itself are not at an All Time High but are close. In the next chart we can see first time down to 6k longs where at an All time High. 2nd time we went to just above 6k in april longs where again at an All Time High. Now again in that 6k region longs havent been this low since januari 2018! Shorts had their All Time High in april, what happened, price went up. Now shorts are in the All Time High region for about 2 months.
As some wise men say, its best to countertrade the herd, right now looking at the above info what direction do you think that is?