BTCUSDLONGS trade ideas
Approaching Record Bearishness LONG BTCUSDWhile price hasn't changed over the last couple of weeks, the optimism behind Bitcoin has all but faded away. Its about 62% Short vs 38% Long right now, very close to a record according to the data provided here. While many people were looking for a price capitulation event, I think this might be more of a psychological capitulation event. I still think the price is about to pump and I prefer to go against the crowd on this one and hope we get a short squeeze for the record books. GL Longs.
Bitcoin is a Monster ..... Bitcoin towards 6k !!Hello guys,
As we can see in the Btc long positions chart we are heading to a very critical zone and support line aroing 18 k longs which is the lowest line since Dec 2017.
As we can see in the other wing the Btc short positions chart went very high close to a very strong resistance line around 30 k shorts positons
added that we are in a very very strong support for the crypto market cap excluded bitcoin is already near to a very strong supporting are from 63 to 69 Billion Usd whch is very likely to push the alts market upward adding that most of the coins now are at very storng supporting lines (the lowest areas since october 2017 neglecting the period of the end of 2018
come in guys lets see the bigger picture bitcoin now is about 75% higher than the start of the year 2019 and the the coins at its same prices in btc that was in early 2019 ...dont u see the a signs of step by step market between btc and alts more likely to start after breaking 6 k maybe in a month..
Share ur thoughs with me in comments
BITCOIN: ROCKET FUEL LOADEDBitcoin continues to show signs of strength.
The Short positions at Bitfinex are now higher than those that preceded the breakout which took us from 4-5k
The Long positions at Bitfinex are now the same as those that preceded the breakout which took us from 4-5k
Bitcoin continues to grind up, without sign of there being any leveraged positions being taken up which implies to me that there is aggressive spot buying in this market, which those shorting it cannot stop.
This leads us to a senario where there will be short positions heavily exposed - aound 6k shorts are underwater and at risk of being liquidated.
BULLISH.
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Is Bitcoin going PARABOLIC cool match 12 NOV 17 with 24 MAR 19Using longs and shorts use the default MACD for both. I just used the signal line of the MACD for both (area format instead of line format) and in log format. Superimposed one on top of the other and saw a pattern match with 12 NOV 17 with 24 MAR 19. How to scale it. Expansion over or more to go ? NOT ADVICE. DYOR.
Bitcoin and The Last Stand! (Our Final Resistances)I know I said I wasn't going to post until Monday, but I wanted to get this out there now because we're at a major decision point for the market. This gives an idea of what I'm expecting for Bitcoin. Doesn't have to play out this way, but I'm interested nonetheless :) Hope you enjoy.
I probably won't be posting any new charts this week since I have to take care of some life stuff, but you can view all my recent analyses on my profile. Not sure how much time I'll have to update this week, but I'll do my best.
This is not financial advice. This is speculative and for educational purposes only.
-Victor Cobra
Shorts & Longs Charts - Side by SideSince my last (from FEB 19) idea regarding BTCUSDSHORTS and LONGS, there has been a lot of psychological manipulation in my opinion
The goal is to create a short squeeze thus doubling buy volume to reach a very high (5000 range) btc target.
SHORTS seem to be near a critical amount AND LONGS are at a vital last stand for massive opening of positions.
This is about as valid as charting the Market cap. Just for fun ;)
What can we learn from BTC long/short ratios ?I always like to use different technical analysis to come up with new ways to analyze this market. Here, I used an EMA ribbon onto a ratio that links the amount of open longs to open shorts on Bitfinex.
Basically, BITFINEX:BTCUSDLONGS/BITFINEX:BTCUSDSHORTS outlines the instantaneous sentiment of the market: basically, it tells us what the market thinks about the next mid-term move. We can clearly see that market accurately predicted the November 18' capitulation, as the ratio was well beyond 0.7, and started pointing downwards as early as September.
Theses datas are quite fuzzy, however; one way to extract the general trend is to use an EMA ribbon: by using different EMAs with different time frames, it outlines the general trend and gives us a good indicator about how this long/short ratio will most likely move in the mid-term.
On top of that, EMA ribbons also points out something about market momentum and exhaustion: general direction can't just change instantaneously . It is a process that takes weeks, months, just as market sentiment can't just go from bearish to bullish without an intermediary phase of uncertainty, outlined by ribbon compression and expansion.
And as you can see, it is quite self-explanatory: just as September was a warning call about the upcoming 6k-to-3k downfall, the current state of the long/short ratio tells us that bear market is coming to an end. It's been three months already that BITFINEX:BTCUSDLONGS/BITFINEX:BTCUSDSHORTS is steadily recovering from the recent capitulation crash. We can see that bears are exhausted after their relentless push, and it's only a matter of weeks before euphoria takes on yet again.
News are quite good in that regard, too: Samsung confirmed about the S10's cryptowallets, following the HTC narrative;
Lightning Network is picking up, and more and more startups are building payments solutions on the Layer 2 solution, just like that Domino's Pizza broker. We even had the chance to see Fidelity picking up the Lightning Torch, along with other crypto-celebrities.
Numerous altcoins already started to recover, such as Ethereum, Litecoin, Tron, Ripple to give a few, and history has shown that crypto-bulls don't hedge their gains in Fiat: instead, when they take profits on their Altcoins investment, they just change them for Bitcoins, which serves as the main peg for many altcoins.
All that leads me to think that the recent retracement from 4.2k was just a way for the Crypto Market to take his breath, before the next bull-marathon.
Elliot-waves-wise, we would be at the beginning of a bullish multi-month wave 3 that would slingshot us to the 6-7k range. This is coherent with what this graph tells us: the Bears are less and less confident, and we might very well see 5k before the end of March, as shorts stop-losses start to trigger in a cascading-fashion, breaking through what they thought to be the "unbreakable bearish trend".
As always, trade safely, and don't invest more money than you can afford to loose.