Someones got some 'splainin to do... BTCUSDLONGS..............................................................................................................................
BTCUSDLONGS trade ideas
BTC longs keep making all time highs.BTC longs keep making all time highs. Seems that people are dollar cost averaging into the halving, I planned to also but bitcoin has been moving different from other pre-halvings. Be cautious.
When I saw this chart, I immediate quit my longs on BitcoinNo more to say here guys.., longs on crazy ATH here! This will be slaughterhouse of the price. Expect very volatile, deep sub 5 or sub 5k USD bottom in next week, maybe two.
Take care!
-DP-
BTC.usd Longs on Finex at ATH and common Wave Ending Fib: 4.618We have all seen the number of Longs grow in a parabolic climb on BitFinex.
While it is difficult to Fib a near-vertical line, it does appears to have a "Pulse".
They have hit a possible Wave-Ending extension at the 4.618 and are reacting.
This is just a "Heads Up" for informational purposes.
I have no idea why they are so high or if they will pullback.
But IF we are to see a pullback, THIS might be the start.
Everybody bought already?Comparing BTCUSD Longs and Shorts (amount of long / short positions), e.g. as defined by Bitfinex, one can take a general idea whether most of the market participants are short or long. So, if we draw symbol like this: 100*BITFINEX:BTCUSDLONGS/(BITFINEX:BTCUSDLONGS+BITFINEX:BTCUSDSHORTS) we will get 0% - 100% chart, where 100% would mean 'everybody bought, no sell positions at all', and 0% would mean the reverse. The current chart of this is shown above.
Now, if the ratio reaches 90% area, it means that there is 9:1 long to short ratio, and basically people are on long positions. So, the chance that more long positions will appear soon is small: it would need outside traders to open new positions. It is, however, very likely, that existing positions will start (perhaps violently) convert to short. That should theoretically bring the price down, too. If that is the case, we're likely to experience a bear force sooner or later.
Of course there is a number of other things to consider - e.g. Bitfinex data might not reflect the majority of the market. Or, the ratio can go down to 50% very slowly. Or outside traders will actually show up. Etc.
What do you think?
I wonder where this will lead us toHistoric highs for longs opened on Bitfinex. This accumulation doesn't affect the price though, which makes it even more interesting. Smart money building up a position?
BTC MINERS' WIN + WIN STRATEGYBitfinex longs at ATH level and keep climbing.
-What happened before at bear market 2018? (Number 1 Situation)
When price at $6000 level some miners closed their mining systems because mining was not profitable enough for them.
After they closed their system hash ribbons indicator warn us like " Capitulation " ( It means that, hash power that generating from all miners has decline trend.)
In other words 30 SMA - 60 SMA are death crossing.
Important thing here ; even miners turned off their systems BITFINEX LONGS were growing. At the same time price found bottom before as you see.
I am assuming; some miners were sold as much as they can and they dumped the price while they opened long on BITFINEX. (Win + Win)
First Win : They have good long position as you see price at $3100-$3500
Second Win : Some miners had to close their machines and they had relative more BTC award from mining.
-What i am expect now? (Number 2 Situation)
Almost same situation here as you can see. Price is dropping, BITFINEX longs are growing, Hash ribbons showing us " Capitulation "
I am assuming that they are dumping price again but they are secure their BTC value at BITFINEX to opening a long.
They get lower entry for long. Small miners are closing their machines because they know that its not profitable enough right now.
As a conclusion ;
I am thinking as a miner, i can sell as much as i can from spot exchange to dump price. And opening a lower long while this is happening.
And shakeout weak miners as much as i can. Try to reduce difficulty to get more benefit.
SO, its not mean that we found our bottom yet. Still lower price on the table but one more good thing as bull,
After miners run out of BTC, they won't sell until halvening. And i am assuming that price will growth.
Nothing here financial advice. Follow and like for more. Thanks.
Bitcoin longs all-time highBitcoin Futures long positions continued its rally and now have reached all-time high. This gives an even stronger indication that long squeeze is imminent is even closer now. The record amount of longs means massive risk of increase selling as those who are long are going to cover their long positions.
VERY INTERESTING! Why so many longs on Bitfinex? (86.6%)A few people have pointed out the large amount of open long positions. All of these long positions that were opened in the last month or so have created an all time high. Now a few things could probably happen from here: A long squeeze that results in a lot of longs liquidated and stop losses triggered meaning the price of BTC falls hard or the longs are right and the price will move significantly higher. With all of this being said the other two large exchanges Bitmex (51.51-) and Binance (65.08-) both have majority of positions short.
BTC Long Squeeze Incoming?BTC Longs on Bitinex have risen parabolically to at an all time high. Since 23rd November there has been an increase in Long positions equivalent to about $100m. Surely this is begging for an epic long squeeze?
Not so fast.. here are three reasons why this parabolic rise in Longs might not be what it seems.
1) The rise is on Bitfinex only. Funding rate on Bitmex is fairly neutral. This could suggest that one or a handful of massive players are responsible for this move. Do they know something we don't?
2) The pattern suggests steady accumulation of $100m of positions, starting neatly at the local low on 23rd November, which also lines up with the Golden Pocket (.618 to .65 retracements) of the current macro structure, which could be viewed as a retrace before new highs. See my post from yesterday "Beware The Pump."
Also, the three days of greatest increase since then match up neatly with re-touches to the .618 level also suggesting steady accumulation.
3) Assuming the first two points hold weight, the average accumulation price paid is probably around $7300, with some stops set possibly as low as $6618 (BITF). Either way, the bulk of a long squeeze may not hit until sub $7000, and so we may first need to get there without it.
Still on balance, I remain cautiously short.
I think Bitfinex longs will touch purple ring before crashing!I mapped out Bitfinex longs to coincide with my other chart with blue ring for a major move.. I think when longs reach the purple or white ring that's when the liquidation begins!
BTC LONGS SCREAMING FOR CORRECTION!Bitcoin longs are almost at an ATH and overbought in the RSI for the last 16 DAYS!!! Bitcoin will fall below 7k and i am 100% certain of it.
Using the Long / Short MetricCan you imagine how many more people are here 10 years later?
How many people are coming into BTC or have stayed since 2017?
I have a theory that BTC is the most-watched chart worldwide.
It would make sense that the numbers of people longing at these prices are going higher.
Houston We Have a PROBLEM!!!Mr. Pips has been watching the BTCLongs and BTCShorts and is noticing some issues. BTC Longs are nearing an all-time high and shorts are what most would consider extremely low. Even the Longs are stacked the price has only slightly increased. If you've been following BTC for some time then you are sure to have noticed that the Whales love to squeeze positions in times like these. Any time the retail traders are stacked on one side the Institutional money drools at the mouth, as a feast is being served up on a platter! Conversely, you could look at this as a sign that institutional money has consolidated a tremendous amount of BTC thru the dark pool and is about to pump the price and exit for a large profit. Mr. Pips is honestly not leaning either way. However, one thing is certain. A BIG move is coiling up to be unleashed and if you're on the wrong side of it, you will get Liquidated or Lose a tremendous amount of capital! Keep a keen eye on the price movement and watch the action of the Shorts and Longs to get an indication of what is to come. If the Longs start dropping rapidly and shorts start spiking, that would indicate the whales are closing their Longs and price is about to Dump. If nothing else, I hope this gets your wheels turning this morning!
Mr. Pips wants you to have a blessed and Profitable day!
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Disclaimer: All information provide by TheRealMrPips is for educational purposes only and is not intended to be trading advice or trading consultation. You are responsible for your own personal finances and trades!
