BTCUSDLONGS trade ideas
BTCUSDLONGS - DroppingDMI 4C show downtrend is weaker
The price drop down the cloud of Ichimoku
Touching long average line of MMAR so maybe we have down correction
TD-Sequential: we are in 4th bullish candle >> prepare for reversal to downtrend in short term
Touching middle band of Bollinger Band >> reversal to downtrend
MACD >>> downtrend
More proof Bulls are in control for at least $8,500 retest!So I have always followed shorts and longs by the numbers in order to try and figure out where the market sentiment is heading since tracking longs and shorts were available. This chart I am posting is the longs dived by shorts ratio which equals the blue line. Shout out to Tone Vays for sharing this tool. Now we have a clear ratio to look at and you can see we are quite bullish under 1.0 and quite bearish above 1.75 and 2.0. We are barely at 1.06 which is quite low and gives more validity of a $8,500 retest on top of the wyckoff accumulations. Thought this was cool and wanted to share. This is not financial advice just educational. Cheers good luck.
More People are going Long --> Short Squeeze???Just published a chart showing the amount of shorts diminishing and seeing the amount of long climbing -- who's going to win the battle
I think the Short Squeeze in now in play.
Let's make the short players close their position at least till BTC hits $7445 :)
BTC LONGS - genuine confusionHello,
I don't have the answers, I admit I am genuinely confused by the steep climb of BTC shorts (and general increase in shorts when the price is lowest vs reduction when prices are at their local peaks). It also seems that the market is in two minds and predicting a decline below support of $6000 to $5755.
What I would say is that those in short positions haven't had a very good record of picking price drops recently and many of the same people may be showing themselves in the BTC LONGS. This is a time when a lot of people are adding to their long term BTC holdings as they view BTC as being in the accumulation zone. I will admit that I took the opportunity to pick up BTC and XLM at recent lows over the past 24 hours. Remember that just because you will it, doesn't mean that BTC will go where you would like it to go. Let's not be taken in by wishful thinking. What may very likely happen is that a price increases liquidates a lot of these shorts or at least hits their stop-losses and very quickly increases the price before the longs increase and "come to the party".
Oh well, let's see what happens. Good luck everyone.
Disclaimer: you are on your own :)
Another Gartley Pattern on BTCUSDLONGSI've been going on for months about BTCUSDLONGS vs. BTCUSDSHORTS, so I decided to see what I can find in those charts now that I have some knowledge of harmonic patterns. I just wanted to find even more confirmation of the bull trend I've anticipating and believe has officially picked back up as of about 24 hours ago.