BTCUSDLONGS trade ideas
BTC LONG/SHORT - AN INSIGHT TO UNDERSTAND WHAT THEY ARE SAYINGWe all watch those two indicators very often, but they separately do not provide much information as when used combined. Also, as mentioned in the linked idea, their absolute value is not that useful as well.
But, when used them together and with the ratio betweenthe two (LSR), we can draw a couple of conclusion.
1 - We can state that the number of longed BTC for STRONG HOLDING perspective (so with no active trading and not sensitive by market movements) is 16,000, so we should not expect it goes below that level (if it does, would be a problem).
It did go close in a couple of occasions, highlighted with red circles: the first one was during the fall from 20k to 12k and the second one was what it was thought to be a relief from 3k to 5.5k (many used that rally to download what they thought to be a "bad investment" at the price where it was months before). If the number of longs were not touched at those moments it means the BTC holded are not circulating: if someone did not sell in those occasions, it means it is a HODLER, and no matter what they will keep their btcs. We also see that from the fall from 6k to 3k, 16,000 more BTC were bought: just a coincidence or actually those hodlers exploit that fall to buy another 16,000 BTC and double their positions at a great price in a LT perspective?
So, number of Long BTC actively traded (e.g. with traders having a position long) as to be adjusted: the total sum of Longs minus 16,000.
Also, 28-30k Long BTC area is an indicator of bull or bear market.
2 - Different story is for SHORTED BTC. First of all, short traders enter positions also for small retracements in an uptrend, so they are not really an indicator of the trend (that is why we use Long 28-30k level only to determine in which phase we are in).
Typically, the short position is leveraged (hence riskier than just a 1x Long one) and held for a limited period of time (btc would for sure liquidate you with its sudden spikes) and unless people shorted from 20k in Dec 17 or at 14k in June 2019 it is hard to think shorters have their position open for a long time. Hence, this number does not need further adjustments.
3- The long short ratio is at this exact moment at 1.6, meaning that for each BTC shorted, there is 1.6 longed as of today (see the indicator below the price chart). Seems bullish right? If we adjust for the "inactive" 16k btc though, we get 7k btc longed and 12k shorted meaning that more than 60% of traders are short right now.
You draw your own conclusion based on if your are a contrarian or a trader follower, or if you consider exchanges as punishers for the herds. I just shared a tool.
Please not that the number indicated is the number of BTC longed or shorted, not the number of people longing or shorting and it relates to Bitfinex only. We can assume that the trend extend to other exchanges also, and it is another reason not to watch at absolute values too much.
BTC LONGS CONFIRMS THE BULL PHASE - 3 TRIANGLE FORMATIONHello guys, taking a look at longs charts I saw an interesting conformation of the graph that confirms our Medium term LONG view on our beloved Bitcoin.
Let's see why, but first let me answer a question that you guys may have.
Why aren't we looking at the shorts graph?
Because shorts are typically non that indicative to guide us throught a trend as short position can be only held with leverage, hence by definition are kept for small period of time and can increase a lot for small retracements: this would not necessarily mean we would be in a bearish trend. A different reasoning was for the DEC17-MAR19 period, but now a completely different phase began. Also, it is dangerous to compare absolute values we see now with the ones we saw back then, as there was a different number of market participants and awareness about bitcoin: now we are in a more mature phase. This helds for both Longs and Shorts graphs. We can see that NOW the area between 25k to 30k BTC LONGS is the edge between the BULL and the BEAR phase now, but those values were different 1-2 years ago.
It is fundamental for a trader not to stick but to the past too much, or better, to blindly rely on the past, but to analyse it and be able to adapt and discern different market conditions. Always use your brain!
In order not to complicare things too much, we can say that in general, longs chart is more indicative of the phase we are in now.
So, let's go back to the chart finally.
We see 3 triangles, lets start with 2: a big symmetrical one and the smaller red ascending triangle. Both of them were broken to the upside in November 19, 6 months before the halving, meaning that Buyers/Holders finally decided to increase their position or reenter for the longer terms. Longs reached never-experienced before highs (again, this is not that meaningful as there are more bitcoin around and more people willing to get in before the halving occurs, in an anticipation of what will happen in following months). The growth path suggests this has been a real accumulation phase, where probably the entry price was not that important to them: they just do not want to miss the train.
Since November 19 we have been experiencing an unusual volatile scenario in longs, BUT tops and lows from then are perfectly forming another ASCENDING triangle, suggesting that we will probably broke it to the upside soon. We are exactly on the ascending trendline/hypotenuse of the triangle. Also, the lows perfectly bounced on the 30k level, which is now the level that shows us we are in a BULLISH trend. Also, that level fits with the base of the red ascending triangle, suggesting that the retest of the breakout was successful.
Conclusion
Despite the volumes data, which are not exciting (euphemism, but I already explained how it is unusual to see the start of a bull run in ANY market to be accompanied by high volumes), I think that LONGS chart, DOMINANCE chart and PRICE chart of bitcoin are telling us the same thing: time to accumulate!
Footprint of churning - Bitcoin Margin Trading Pattern to noteThere are waves of selling and re-accumulating - and when someone is closing their longs progressively only to re-open them you can see this. Bitfinex BTCUSD - longs graph is always interesting to me. Note this last little capitulation zone - perhaps out of boredom/fear. A new gradient perhaps or the previous trend line stays intact. An algorthim that is building a position long term would have point where it flipped and this count of longs may be reflect that.
BTC LONG POSITIONSALTCOIN DUMPING?
BTC INCREASING?
ARE YOU BEING MANIPULATED?
SHALL WE SEE COINBASE:BTCUSD @ 10,000 USD ?
LongsWe got to a interesting point where longs are pretty high while touching the previous high point.
MACD is starting to lose momentum.
RSI needs some rest as well.
This could be the end of the first high.
The next days will define if we will continue to go north or back south.
Any way, it would be good if we get now into an accumulation zone where the 55 EMA could act as support.
This would be a perfect timing for building the next high right around the BTC halving.
The other possibility is that buyers ignore all the TA and enter the market causing a similar situation like we did in 2017.
Even if many got burned the last time, I think too many don't know what crypto is. Those could FOMO like crazy.
BTCUSDLONGS - Interesting symbolDoes anyone know exactly how the value of this symbol is calculated?
BtcLongs In parabolic motionSomeone has positioned itself strongly in long ...
Currently being in the middle of a great channel
The thing is this, does anyone remember that day that approximately 20k of shorts were cut in a single candle? that happened on June 30 of this year, bitcoin at that precise moment was at approximately 12200 dollars, and after that closing bitcoin shorts fell to 10500, then it bounced but it had already marked the bearish path.
Today we have almost 47k in longs, in historical maximums, with rsi passed thread (although it does not make much sense here the rsi since it is intention + intention). those longs must be closed, liquidated, etc ... so ... thinking a little and speculating about everything, are we about to give a strong blow in bitcoin? Or a strong dumpazo with rebound?
whatever the movement is less than 24 hours after execution ...
My perception is bullish after the abrupt closure of such longs.
17k longs liquidedA large percentage of longs have been liquidated and executed, they resort to what happened when 20k of shorts were liquidated, the price fell like stone, in this scenario the thing is reversed, when so many longs are liquidated the only thing we will see soon is a sudden movement bullish.
Pay attention. They already positioned themselves long ago.
BTC - Longs and shorts still dropping - Bitfinex cashing out ?BITFINEX Longs are still dropping and so are shorts - Could be BITFINEX is cashing out to FIAT, as if not I'd at least expect the shorts to move up as longs continue dropping.
Older Longs chart
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BTCLONGS -Be Patient , Possible Longs Reckt in development.This looks to me like its one heck of move lower when Bitfinex clears out the longs .
Best be patient and allow it to play out .
Found something interesting for BTClongs VS BTCShorts' RSI Found something interesting for BTClongs VS BTCShorts' RSI
If you bought the Extreme Oversold RSI and Sold Extreme Overbought RSI ...
What am I missing?
BITFINEX Longs - Approaching Death Cross on the 7 hourBITFINEX Longs - Approaching Death Cross on the 7 hour
Bitcoin LONGS positionA few days ago, most of us were asking why the rate of Long position on Bitfinex increased sharply by more than 87% while this rate in other exchanges was not high.
And of course, whales are never wrong, the price of BTC has risen 20% from the bottom of $ 6400. But for now, the ratio of LONGS to Bitfinex is decreasing and the target will fall quite far, we should be careful.
BTC.usd Longs still flying: does "Resistance" even exist here?Longs on BitFinex continue the vertical climb with another jump.
They burst through expected resistance bands with no effect.
Coming are two zones of interest, which normally cause reactions.
I know what you are thinking: "Draw enough lines and some will do some things".
And I would agree. This plot is an experiment to see what "truths" apply here.
Maybe none of the lines will show any effect. Maybe some react "as theorized".
To be honest I have no idea if my methods will apply here.
Is this an asset? a measure of interest in asset? just on paper?
But will be interesting to watch if it is a bubble about to burst.
There do appear to be TWO impulses, thus the two fibs.
This also fits the description of a 12345 Elliot Wave .
Thus we have two fibs for the two upward thrusts.
BTC LONGS ATHBTC Longs are at All time high the chart looks completely crazy. I would only show you the RSI is hanging around 100 which is a concern. Looking into the current market situation Whales could manipulate the price action any time.
Lets wait and see where we retrace.
WTF??All Bitfinex sees here is money. Lots of potentials for liquidations to build their fund. When longs are liquidated results in a sell at market. Not exactly sure what this means 100% but to me it could be a very bearish thing for Bitcoin in the near future...
longs , are you happy yet ?diverging on the money of the long is that in the green thoe and trending higher highs, might not be the dump that everyone is going to be looking for . let's see this payout never see anything like this .
