Longs vs Shorts Bitcoin Analysis
Here's a comparison of Longs vs Shorts vs Bitcoin Price.
You can see that for the past 2 weeks in general shorts have been declining and longs rising while the price of Bitcoin was steadily trending down from 10000. This could ultimately lead to The Bloody Bull Massacre.
When longs will be at ATH (around 33000) and shorts at ATL (around 22000) there could be a massive $1000-2000 drop. Under these conditions the exchanges and bitcoin whales that went short will take the most profit. There's not much bears to squeeze right now. So, we might have a short fake up trend with a Judas steer bull candle that could just lead bulls straight to the slaughter. Seems that overall the capital is fleeing the market, we have 3bln daily volume again and on such volume a long term up trend seems unlikely.
This setup will flip side if shorts will suddenly rise (to around 30000) and longs go down (to 24000 baseline). In this case we will have another $1000 pump similar to The Great Bear Squeeze. It will all depend on this sideways trend. Keep an eye on Shorts/Longs.
Also USD Tether news came out this week (hence the bull spikes):
no real audit, but some bank employee unofficially confirmed the account balance as response to recent allegations of price manipulation, more tether printed as result to sparkle bull's hopes.
Bitfinex CSO Phil Potter resigns as Bitfinex plans to move its HQ to Switzerland.
Good Luck!
Not a financial advice. Use at your own risk.
You can see that for the past 2 weeks in general shorts have been declining and longs rising while the price of Bitcoin was steadily trending down from 10000. This could ultimately lead to The Bloody Bull Massacre.
When longs will be at ATH (around 33000) and shorts at ATL (around 22000) there could be a massive $1000-2000 drop. Under these conditions the exchanges and bitcoin whales that went short will take the most profit. There's not much bears to squeeze right now. So, we might have a short fake up trend with a Judas steer bull candle that could just lead bulls straight to the slaughter. Seems that overall the capital is fleeing the market, we have 3bln daily volume again and on such volume a long term up trend seems unlikely.
This setup will flip side if shorts will suddenly rise (to around 30000) and longs go down (to 24000 baseline). In this case we will have another $1000 pump similar to The Great Bear Squeeze. It will all depend on this sideways trend. Keep an eye on Shorts/Longs.
Also USD Tether news came out this week (hence the bull spikes):
no real audit, but some bank employee unofficially confirmed the account balance as response to recent allegations of price manipulation, more tether printed as result to sparkle bull's hopes.
Bitfinex CSO Phil Potter resigns as Bitfinex plans to move its HQ to Switzerland.
Good Luck!
Not a financial advice. Use at your own risk.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ เงื่อนไขการใช้บริการ