ETHUSD SentimentI don't really trade crypto for a while now just because of it's very hard to tell if it will go up or down in the short term. Since I bought my crypto many years ago I don't really care.
But it is still interesting to see what this market does. I am reading many ideas on the TradingView platform. People think to know whats going to happen and their ideas are more and more confusing.
Here is some easy thing. We're looking at the short statistics of bitfinex.com. This chart hit its maximum in December 2018 and since then it is just going down. I don't say that this is a clear sign that crypto will go up again, it just tells me that the amount of people thinking that it will go further down increases over time.
Would be happy about your thought, feel free to answer
so far
s3bi
ETHUSDSHORTS trade ideas
A battle for the future with the Crypto-LemmingsThis self-explanatory chart is here to get a grasp on the psychology of the crypto-market.
The FUD-fuel "Crypto-Winter" was nothing more than a long-awaited boom-and-bust cycle, something that old investors are quite familiar with. What they aren't familiar with, is the quick pace of this market: what used to take decades to settle down, is done in a mere 14 months in the Crypto-self-sovereign State.
Furthermore, given the very young age of this market, we have to take into account that most of the crypto-holders were inexperienced investors. They are prone to stress, to fake news, to FUD. Most of them invested a few hundred bucks in the last couple years, and suddenly became millionaires overnight. This is why the fakeouts are so big: they simply hadn't the guts to just go through it, let alone sell early. They are more of the iconic "buy high - sell low" lads, overall.
Some more experienced traders made them learn it the hard way, because it was so easy to push them out of this market with and through aggressive sells. "Sorry for your loss", the trader said, as he bought back everything at a discount.
The crowds are like a bunch of lemmings: once the first one jumps off the cliff, the others follows relentlessly. This is what happened in November, when the ultimate bear-trap has been set.
What will ensue is a short squeeze, fueled by theses very mechanics, which can be seen by anyone doing proper analysis and/or doing so researches on what cryptocurrencies actually are.
Hopefully, as Time goes by, peoples will understand that...
Cryptocurrencies are here to stay. There is no other technology like Ethereum, which enables decentralized computing, or Bitcoin, which is a decentralized store of value. This is a whole new kind of asset class, and plenty more things at the same time... And what the future holds might be even bigger than that.
We might see new cryptocurrencies in the future, some of them might be even more impressive than the current ones, much to the displeasure of Warren Buffet and Jamie Dimon (and no, JPMCoin and FacebookCoin aren't cryptocurrencies, technically speaking. A Google Sheet would be more efficient than their scamcoins. They could have done it on current ledgers, but then they couldn't cheat the numbers anymore because it would've been there for everyone to see the fraud.)
Banks have every incentives to kill decentralized currencies in its egg: if it becomes a thing, banks will simply and purely cease to exist.
"Bitcoin is not a currency because we cannot print it." - the European Central bank
Think about it.
There is something fishy about ETHJust looking on the daily, even weekly ETH chart gets me worried. Why? For two reasons.
Firstly, this is actually the first ETH bear market. It has never been in bear market before, keep that in mind.
The second reason is the chart above. As I mentioned before, this is common now in other cryptocurrencies as well. Now I don't know what's the deal with ETH and I don't know all the fundamentals. But this long interest is quite fascinating (even considering that ETH is far cheaper, thus more affordable).
What is even more fascinating, is ETH short interest:
The gap between longs and shorts is just... big.
I really don't know what is going on, but it is certain that hope hasn't left this market yet. I just can't imagine ETH to pump more from this point, it would be really weird and something else behind it.
And if another wave of selling come, I can imagine ETH to test $80, and on top of that, even $50 (in case of some panic selling).
ETHshortsAs you can see we've recently hit a low point on our Shorts for ETH. I would wager at this point a correction is due. However, looking at the chart, we can see the MACD cross positive signaling the correction will continue albeit still not sure how far.
If I had to guess though, I'd say we creep our way up to that level of interest smack dab in the middle of the chart that it has interacted with many times throughout, before descending again.
BTC vs ETH-SvL Pt. 3 Fuel for the Flying V of Death. In the shadows you see, we never sleep.. A strange creature that hides in the winds shadow. Why is it so? Why shall it be? There are no games or tricks to be had. I am probably wrong, you probably know it too. But where their is doubt, their is desire.. I am here to tell you a story but I am not the narrator. Time is.
But it does not matter what you think... nor say nor do. What matters is what the geometry says to you. It speaks ya know. Like some mystical creature of illusion... Why is their such a look on you face of confusion? The confusions of illusions are seen as grand circus of an interplay on your psyche. The final act is one of the most deceptive. Their is some truth behind illusion. Only if you can find it. It speaks volumes of the mind behind the architecture.
is this an illusion? What is reality anyways? .. Just a self-centered induction of confusion based illusionary ideas around your perceived interpretation of the sensual world around you?
A simulation of the user yes?
A hologram between parallels?
A unification of a seemingly limitless supply of energy who architectures stems from a unique type of transmutation both known and unknown?
Uncertainty...
Doubt. Unknowing the known but wanting to know the unknown. Bliss. A raw form of uncertainty. Failure, a raw form of chaos. Be the blissful uncertainty in your own chaos. Embrace it.
Who are you? Do you even know? Do you?
It is ok.. if you dont.. It is ok.. if you do..
But who are you really? What is your purpose?
Interesting thoughts yes..? Question yourself.. Question your thoughts. Question your emotions.. Question the foundation of your reality. But do not give up. Never give up. Leave behind a trail of crumbs into the future and no one can stop you. Only you can stop you.
Grow instead.
^Beep Boop^
"The up is the down, but the down is up and both sideways and backwards"- Anonymous
Is this the ultimate fuel for the final capitulation sequence for a second true bottoming? The Flying V of Death. Stay tuned to celebrity death match!
ETHUSD longs will be the booster fuel you see.. Many butts will be realmed.... Are you to be amongst them?
The timing is most likely off.. But the mechanism is set. You see its all a game to them.. A game that they thought they had rigged. But you see for every action their is a reaction. Reactions are predictive. So is the geometry and so are you...
The April BTC short squeeze is coming to a ETH long squeeze near you! #pewpeww
Glitch420
ETH -Short-Interested Maybe Stalled!We may be stalled in short-interest and reach ETH price stability. But, who really knows - the DEC 7 short-interest was price manipulation which makes me feel really weird about this recent run-up! If we break the trend line downward this could portend bottom and a reversal in ETH trend north. It gives me the feeling they are blowing up this balloon to pop it again, so I will pay close attention to short-interest as a queue for short-term price analysis.
Very interesting trading we have seen -- but is it the move we have been waiting for?