I m looking the possibilities for the trading during this past movement, we did not hold 3625. In my opinion regarding crypto space we have many things going on that doesn't help this market to look more organic, such as PAIR USDT x USD at 1.0086 yesterday and today droping. We saw last year when Tether dumped below 0.95 USD; how high was the spike in October 15th 2018..
Longs x Shorts ratio Yesterday looked pretty much 50/50 with a bit more on the long side. This also help a stop hunt movement towards to liquidity.
Also from yesterday to today, bitfinex price reduced once more
BITFINEX BITSTAMP dif. (USD)
15-Jan 3730 3630 100
16-Jan 3671 3590 81
15-Jan 16-Jan DIF.(%)
TETHER 1.0086 1.0064 0.220% (-)
FINEX-(%USDT) 3698.195519 3647.655008 50.54051059
So besides the USD influence, BITFINEX price has yesterday +50 USD value over STAMP.
This is reducing, both USDTxUSD and BITFINEX premium over STAMP for example are also reducing.
In my opinion, this will lead market to work in a Price Action more Organic in the next days, without all this noise it creates.
NOW we have BITMEX LONGS x SHORTS ratio at: 47.74% x 52.26% respectively.
Longs x Shorts ratio Yesterday looked pretty much 50/50 with a bit more on the long side. This also help a stop hunt movement towards to liquidity.
Also from yesterday to today, bitfinex price reduced once more
BITFINEX BITSTAMP dif. (USD)
15-Jan 3730 3630 100
16-Jan 3671 3590 81
15-Jan 16-Jan DIF.(%)
TETHER 1.0086 1.0064 0.220% (-)
FINEX-(%USDT) 3698.195519 3647.655008 50.54051059
So besides the USD influence, BITFINEX price has yesterday +50 USD value over STAMP.
This is reducing, both USDTxUSD and BITFINEX premium over STAMP for example are also reducing.
In my opinion, this will lead market to work in a Price Action more Organic in the next days, without all this noise it creates.
NOW we have BITMEX LONGS x SHORTS ratio at: 47.74% x 52.26% respectively.