Playing with the idea of a symmetrical line reflecting the inverse price movements of the btcusdshorts/btcusdlongs ratio. I'm interested in seeing how this chart plays out.
How weird is this?!?!
PS: this is a just a random anomaly that Im watching for sh!ts and giggles - I already know that should not chart a shorts/longs chart, and I know this is not a real EW... its just a directional illustration
Hi all,
just taking a quick look at the XRPUSDSHORTS, which seem to be at a decisive point. If XRPUSDSHORTS convincingly fall below the yellow ascending trendline, the next medium term target would be the green box. Correspondingly, XRPUSD may be up for a new rally (3rd Elliot wave).
* Note that I am using the Log-scale.
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This information...
Recently was brought to my attention there is an easier way to do this! Thought you'd want to take a look anyway. I'm still bullish locally till we break a couple levels I need to see.
BITFINEX:BTCUSDLONGS
BITFINEX:BTCUSDSHORTS
BITMEX:XBTUSD
In our last Bitcoin update we talked about how Bitcoins flash crash can be considered a positive signal for Bitcoin long term. We saw the drop coming, it is easy to call a retrace when momentum is lacking, volume starts to decline and we are facing very strong resistance... So this is no big deal, but nobody expected the drop to be this fast, so why is this...
Whats happening here? After the slow squeeze these last tzwo weeks shorts are up again 50% in a day. Somthing is in the making. I reckon we will get a massive move the next days. Buckle up!
All in the graph.
for peoples missunderstand this.
just meaning SHORTS are weakers and we start to be bullish for now.
by the way., don't look the timeframe, for future price anyone know where the price gonna be pushed and when.
Happy Tr4Ding !
What's up my favorite people,
That spike in shorts occurred at a price of $72-7300. They are all underwater and fast sinking. Be careful if you are short. I understand that the price is high relative to recent figures, do you understand that it is incredibly low relative to what it will be in a decade? You must be careful shorting bitcoin because of this fact....
Those days we had a nice series of higher low and after the double bottom price nicely raised of +20% anyway we are into a bearish rising wedge and approaching to the tight section so the breakout is imminent
Moreover the breakout could happen near the top of the main downtrend channel, the bearish trend we are into from months.
In this setup I'm noticing few...
