Get started

Bitfinex

Killing The Bitcoin Longs... +December Relief Rally? (My Theory)This is what has been on my mind lately... Not that I go searching for it nor see it anywhere it just pops up in my mind... What do you make of this chart, longs vs shorts? Hit like, boost, transfers, send, deposit, cash, good luck, share, comment... Enjoy! We are going to ask some questions about this indicator - Bitfinex BTC Shorts & Longs - at the bottom but first let's dive in. Let's start with Bitcoin (BTCUSD). Bitcoin doesn't have much history around ~$15,000 in all its lifetime. We have four instances when this level became relevant. 1) November 2017 (upside) to peak the following month December 2017 at around $20,000. 2) December 2017/January 2018 (downside). 3) November 2020 (upside). 4) November 2022 (downside). Literally just a few days/weeks and that's it... The $15,000 level is not a good/strong support. The 7-Nov. candle is full bearish and the monthly candle... Looks worst. Notice how low is the volume... That's because the climax is yet to happen. LONGS VS SHORTS In late June 2019 we can see the BitFinex longs/shorts detaching. Before this date, we would see a fight between longs and shorts, after this date the bulls won. We see the longs going higher and higher and printing a complete disconnect from market action. We see a massive increase in longs after March 2022 as Bitcoin starts crashing. The stronger the bearish bias, the more longs being bought... Saylor, SBF? Longs peaked in June 2022 with a minor shakeout on 7-Nov. ignoring the new low and weak support. Full disconnect from market action. At the same time something interesting is happening with the shorts. We can see shorts dead/flat for more than a year after the June 2021 jump. Shorts completely dead for more than 1.5 years and they wake up again in November, 7-Nov., but still a bleep compared to the longs. I believe the market will look for balance and kill all of the longs. We see 106166 longs vs 8959 shorts. Such a huge gap has never been seen before. The market is full time bearish. Going down, moving lower, breaking support, new lows, dropping since November 2021... Yet, the message hasn't hit home. We might be looking at a major flush before the market turns. Questions? What is this indicator showing us? Is this accurate? What portion of the market is being represented here? These are my only doubts... How good is the information coming from this indicator... If the information can be trusted, the market will look for balance and that means another major drop. My Theory | Conclusion Bitcoin/Crypto is moving ahead of TradFi to set the bottom first and recover/steal the show while the whole world crashes. Thinking this way it makes it possible to have a relief rally in December. Watch out for mid-December (12-December to be exact) for either clear bottom signals or simply change. Bitcoin will do all of its thing now, a major flush in other to prepare for sustained long-term growth. But the weak hands, bad players, the bear market has to do its thing before we can move on. We are not guessing, we are just waiting to see what happens and we will jump in once the signals are clear on the chart. We are very close to a bottom, things are about to speed up. We will have another catalyst, the major flush and then Boom!... Slow but steady growth. I just wanted to share with you this chart of the longs vs shorts. Namaste.
BITFINEX:BTCUSDShort
by AlanSantana
25
Tether - The ominous precedent and another scapegoat?The recent market volatility and unprecedented movements in the cryptocurrency market brought along the critical question of stablecoin safety. Just within a matter of a few days, the whole cryptocurrency market was shaken up by the downfall of a stablecoin named Luna, which lost 99% of its value; this sets the ominous precedent for what might occur in the Tether (owned by Bitfinex). Already back in July 2021, Jannet Yellen, the U.S. treasury secretary, summoned Jerome Powell and the head of the Securities and Exchange Commission to discuss Tether and the danger it poses. Then in October 2021, the Commodity Futures Trading Commission (CFTC) filed and settled legal cases against iFinex Inc., BFXNA Inc., and BFXWW Inc. The actual text (only excerpts) from the CFTC website 1st excerpt “The Tether order finds that since its launch in 2014, Tether has represented that the tether token is a stablecoin with its value pegged to fiat currency and 100% backed by corresponding fiat assets, including U.S. dollars and euros. However, the Tether order finds that from at least June 1, 2016 to February 25, 2019, Tether misrepresented to customers and the market that Tether maintained sufficient U.S. dollar reserves to back every USDT in circulation with the “equivalent amount of corresponding fiat currency” held by Tether and “safely deposited” in Tether’s bank accounts. “ 2nd excerpt In fact Tether reserves were not “fully-backed” the majority of the time. The order further finds that Tether failed to disclose that it included unsecured receivables and non-fiat assets in its reserves, and that Tether falsely represented that it would undergo routine, professional audits to demonstrate that it maintained “100% reserves at all times” even though Tether reserves were not audited. 3rd excerpt “Tether held sufficient fiat reserves in its accounts to back USDT tether tokens in circulation for only 27.6% of the days in a 26-month sample time period from 2016 through 2018. “ Illustration 1.01 The recent disconnect in the peg between the USD and Tether is shown above. It can be observed that the panic lasted only little bit over two hours. However, slope of the decline is reminiscent of one in Luna. Illustration 1.02 The weekly chart of the crypto total market cap shows a substantial decline since the beginning of the downtrend in November 2021. The orange line shows BTCUSD, a positive correlation between market-cap and BTCUSD. Bitcoin has the highest dominance in the cryptocurrency market; therefore, it has the most significant impact on the crypto total market cap's movement. A strong positive correlation can also be observed between Bitcoin and the tech industry; the light blue line in the lower graph shows Nasdaq 100 CFD. Illustration 1.03 The picture above shows the massive drop in Luna stablecoin. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This idea is not intended to encourage any buying or selling of any particular securities; it is merely an opinion. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BINANCEUS:USDTUSD
by Tradersweekly
24
Ethereum levels to buy #ETH #Daily Ethereum. Briefly. We hit the Local Resistance level (1270) and the Weekly Candle Close Level (1277). Buying is interesting on growth from these levels after retesting on smaller timeframes (for example, 3-hour). Points of interest for increasing position = ~1450 and ~1680. If buyers aren't strong enough to go above 1277, bears will try to lower the price to 1073 and 881. Ranges*: Weekly = 881-2030. 3-day = 1073-1750. * Weekly or 3-day means candlestick extremes (high/high and low/low) for the specified periods (i.e. weekly timeframe, weekly candlestick). This does not mean that we have been in a range for a week, it shows what TF I used when designating the range. Enhanced RSI script for newbies is here . Like. Share. Subscribe. Cheers.
BITFINEX:ETHUSD
by antipanicos
🕑GMT : THE HISTROICAL BREAKDOWN TREND GMT Have a high chance of different reason ( reward system, chart price action) to breakdown into possible crash points as 0,14 or below We did add more details to the below chart about it. At this moment there is no trend signal that shows that GMT is positive into this times, and for this reason, a long trade on GMT could be very high risk. ✅Most of our updates are LONG, but when there is a possibility that a coin could go short or crash in this case, it's good to write about it. 90% of the coins we add going directly into trends such as increased volume, this depends on the high study we do on the coins. And all experience traders know there is no guarantee into these cryptomarkets, it's about the market flow of the moment.
Short
by Goldenbreakout
3
Market Update 10/3/22 Fight for $142.65TIMESTAMPS: ________________________________________ Intro 0:00 APPL Possible Movements 0:28 APPL Today's Movements 4:15 BTC Recap 7:05 USD/WTI 14:25 ETH/BTC 15:30 XRP/USD 18:44 Closing Statements 19:45 ________________________________________ I'm too lazy to type too much today. In the video I go over what I want to see in the first 1-2 minutes. If you want an update on what the market did through my perspective, then check out the video after the first 1-2 minutes. I go over BTC in the second half of the video, but nothing has really changed with BTC since yesterdays update. It is just moving with the market and we saw the entry point yesterday after the Week candle change. The short spots are still there if the price reaches. Most likely we will not get there until/if the stock market drops. 142.65 is still where APPL needs to fight for.
NASDAQ:AAPL
by TrendLINEBoys
BTC Sunday Update 10/2/22Check the 2HR and 4HR 375 and 500 Hull averages for short entry targets. We were not nearly as bearish as I would have thought when we ended friday. Obviously we will see what happens on Monday with the Stock market. I inked Fridays Market update to this, so you can check that out if you want. I talk about spots where I expect we can see a reversal depending on where we start. TLDW; BTC week end target is 18k. We obviously aren't there and we found support above the 4HR and 4 HR hulls. The short targets are there, but someone or something has to push it down, otherwise its not worth shorting where it currently is. Pushing to the Week 200 SMMA isnt particularly amazing, because we want to see the candle end UNDER. To do that its going to take another 7 days from now, so selling it early can easily be seen as over selling. Unless the stock market is trash of course.
BITFINEX:BTCUSD
by TrendLINEBoys
1
Luna/USDT What to watch for: H4 CloseThis video is pretty much: Going over how I do not like that BTC did not come back to support on Saturday. Luna is near its strongest (relative to location) timeframe average. Which is the 4HR. Currently this is it 5.6088. Long story short: We do not want to end, not just under the 4HR 200 smma, but also close to it while being under. If we end too far, the price could easily come back to test that rejection and could easily pass back through. An end closer to the line would be stronger from the perspective of having a good spot for people to enter shorts with minimal losses. Pretty straight forward. I go into more specifics in the video. Anyway, its an 18 minute video and may be worth the watch. The first 5 minutes are worth it anyway.
by TrendLINEBoys
BTC, ETH, CEL, DOGE, SOL, ICP I want to see BTC Start the new week candle slightly above or around $22,300. What I am looking for going into this Sunday's candle for BTC and what I want to see in these other coins for places to enter. I also looked at some other things regarding these coins. Probably not that useful for the things that have already happen for people that do not use my indicators to trade, but as always to those that do it is pretty straight forward and simple.
BITFINEX:BTCUSD
by TrendLINEBoys
BTC Comprehensive UpdateYes, this is a 20 minute video. But I speak quickly. This Idea is meant to be watched as a video. If you do not watch the video and only read below, you will not get much from this idea or may get the wrong idea. Overall I have been short (Not in market) since the reversal in the stock market on April 5th and 6th. I go over all this in the video and I talk fast. So there is a lot of information to see. I don't want to put investment strategy short, because I don't really want to say that where the price currently is, is a good spot to short. It seems odd to too heavily before any non crypto markets are open, but after they closed for the weekend. Considering the market was pretty obviously bear on Thursday and Friday. Possible targets if we drop below 28k and have some bad price action are then to around 26.9k and most likely between 22.35k and 23.3k. For me to feel bullish on BTC I would have to see several things. It is too complicated to explain without showing the chart, but I mention it in the video. It is worth the watch. I reference the most important things that I look at to determine bitcoin price movement. Based on the Schiff pitchfork, It looks like the lack of movement in BTC is actually distribution and that we have failed to hold the key channel (Jun 1st). We also had a hard rejection of the top of the current channel on Jun 6th. If you have any questions feel free to leave them below.
BITFINEX:BTCUSD
by TrendLINEBoys
Still waiting on you New York !!!Decent bullish technicals also here on Ethusdt everything looking good ,but can mean nothing if the dollar skys today. A lot of noise recently about the num 2 crypto ,the world and a few other places expect it to find new moons and maybe a new galaxy. We will see im sure ...Im in here to run a 1:3 long ,have similar on btcusdt.. Please feel free to like coment etc it helps with this thing called learning and earning.. Im not a fanatical finance wiz kid make your own minds up .. My trade just got triggered as i write ....well im in now ..
Long
by investamacker