Get started

Bitfinexshorts

Margin Trading: Longs, Shorts and Open Interest on BitfinexWhat can margin traders' behavior - arguably, ' smarter ' money-, tell us about current state of trends? Maybe some interesting things. Let's see: First, Open Interest (bottom pane). It represents all longs and shorts open at any given time, in Bitfinex. Its all time high (ATH) happened during the very bottom of last bear market: December 14, 2018. Shorts were in ecstasy, having piled up for an almost year-long period, starting January 19 (smaller dotted green line in Short's pane), and very close to their 5 times visited, previous ATH (thicker dotted red line, same pane). Longs, also, were very close to their previous ATH (thicker dotted red line in Long's pane, starting March 25). After some disillusionment(?) (downtrend channel), margin bulls started accumulating a month before 6k level breakdown. It looks they never felt bothered with an almost 50% drop. It seems they liked it, in fact. Of course they did! Whales' plays. Accumulation concluded February, 17 2019 (end of red dotted line in Long's pane), when prices started rising. Distribution instantly commenced as well. Something key, however, happened at the same time: the definitive breakdown from first overall open interest uptrend channel (see bottom pane again). More on this later on. On the way to the new 13.8k lower high, old shorts helped fuel the rise initially. And new ones as well, once frustrated after 6k and 9k levels were breached. Between swings, longs also contributed again too. But, remember Open Interest? Kept falling all the way through, inside a new down channel which became clearly visible. Open interest all time low (ATL) came 17 days after 13.8k high, on July 12, 2019. It's worth noticing the huge short claim / settling transaction which took place on June 29, as well - presented, in this study, in a custom view of an enhanced vol. indicator . Probably not a coincidence, near last open Interest previous ATL, form December 30, 2017. Interesting, huh? From then on, we've been witnessing a new bear market. Noticeable aspects since then: Shorts remain inside their downward channel, and have not piled up during this fall , as happened during the previous one. At most, they moved almost sideways some times. Still, they just renewed their ATL (as of the moment of this writing). Longs, instead, behaved similarly to previous bear market - but less aggressively, until.. Bulls jumped onboard margin longs in a way never seen before , starting November 21, 2019, bringing the ticker to a new ATH , and, as of December 1st, out of Open Interest's downward channel . What is it that they know? Wish I knew. But what we can see is that there was a clear breakout from a long-time rising triangle in margin longs . Shapes work here too, it seems. Another "coincidence": last recent Open Interest top happened at the same price level as the previous Open Interest ATH (April 10, 2018). To conclude, what suppositions can we make with somewhat decent level of reason here? Maybe these: If Open Interest continues its path towards a new upward channel while price manages to break out from current downtrend as well, we can see a great new bull market take shape. Still, there are way less short positions open to fuel the uptrend now. There are lots of longs open. If bull rally fails, these whales (or could it be only one?) may not want or be able to hold, and trigger a massive sell-off. So, yes, we're standing over a huge crate of dynamite. So... ...trade wisely. Lose little. Stay in the game. PhinkTrande
BITSTAMP:BTCUSD
by PhinkTrade
4
So, resistance is here. What can we expect now?Hi there, traders! So, resistance came quite around anticipated level, producing downward swings to upcoming fractal structures (represented by colored averages on 305 mins chart). First average (pink) couldn't manage to hold two succeeding attacks, letting price break past it, as well as nearby uptrend line. A clear weak attempt to test pushing price back above it resulted in a sharp rejection. Noticeable also ware margin traders' activities (Bitfinex): a considerable amount of longs closed (also shorts) -- resulting in a decreasing open interest. As of this moment, it's reasonable to expect a visit to second moving average (light blue), around 7600 level, followed by some consolidation, and a potential pullback. Still, some good amount of doubt is reasonable as to wether BTCUSD will manage to break above trend line (TL) again, from this range -- let alone overcome dark blue average. If it does, frontier targets lie around 8500-600 and 8900. Supporting this scenario is that it seems there is more steam arriving, implied by yellow average appearing below orange one, at around 7200 level. Another sign of a likely uptrend recovery and a top retest attempt is oscillator line (currently black) nearing up-trending magenta average. Attention points: Marked areas; Touch to averages and horizontal lines; Touch to uptrend line (dotted blue); Any relevant margin activity, specially large claims (detected by margin enhanced volume indicator ). Trade wisely. Stay in the game. PhinkTrande
BITSTAMP:BTCUSD
by PhinkTrade
Price Trend & Margin Open Interest: Confluence, DivergenceHi there! Here a brief, complementary view on the topic covered in previous study (based on Bitfinex margin trades). (Red spikes in volume area are claim transactions. See previous study.) This time I'm not bringing any particular analysis up-front. Rather, I'd like to suggest a collaboration between us, interested traders. So, what do you infer from this information? Please leave your comments. This can sure become an interesting conversation. See you.. Tks! PhinkTrade
BITSTAMP:BTCUSD
by PhinkTrade
2
Margin Traders Anticipating and Riding Well Latest Bull MoveAs reported by spot vs margin volume indicator, traders' will to go long started 12-16 hours before yesterday's drop (1), likely betting on a 0.618 fib bounce. It happened swiftly after fib touch, with huge spot / exchange volumes kicking in, most in a single 1 min candle. Shorters have contributed to the move with some good amounts of closings (2), aka short-squeeze. Short closings w/ claim transactions (3) were also substantial, and had no subsequent spot follow-throughs. The rise gives bulls extra hope. But Bitcoin still needs substantial additional volume if it is to overcome the bearish structures configured above. For the short-term, if it manages to break some of the downtrend, we can expect a rise to around 8 to 8.3k levels. Trade well. Trade safely. Stay in the game. Best, PhinkTrade
BITMEX:BTCUSD.P
by PhinkTrade
Bitfinex Shorts At ALL TIME LOWBefore this analysis, i want to share my analysis the before. I called this local bottom around $6600 levels and bought BTC at this level. BTC is now $7600. It's clear long trade for me. Reasons that i took trade are; -Bullish divergence on RSI and price action, -Horizontal Supports, -Hashrate and difficulty levels (I always check them) -Finally Elliot Count You can see my call here; Now as you see at main analysis bitfinex shorts are at all time low. How we approach this data? -First, it is obvious that less people want to sell their BTC because they think that price will go up. -It is a good bottom signal + count support it + divergence on 12 HR. And here is my second bottom call 1 MONTH ago ; And finally hash ribbons are about to crossing back up. It is really bullish signal i will do another analysis about when it crossing up. But now i can show you here ; Overall, We likely had bottom. BUT there is one more count that we could see $5800 and it is probablity. I am hedging my risk incase we could see $5800. Also i will share my $5800 count later. Thanks for reading. Nothing financial advice. Like, share and follow.
BITFINEX:BTCUSDSHORTSShort
by ShinjiOsako
3
[BTC/USD] Bitcoin long/shorts about to cross 2 reverse[BTFD-VIP]Greetings members & guests, HAPPY NEW YEAR 2019! PLEASE hit the Thumbs Up button on the right to show some support and NY love ----------->>>>>> ^^^^^^^^ <<<<< Comments and questions are welcomed below, please feel free to ASK anything! HOW TO TRADE THIS CHART? First like/thumbs up the chart then read below..... From our chart earlier in the week we saw a potential reversal pattern on Bitcoin vs USD yesterday we saw the bitfinex longs & shorts starting to get closer and now they look primed to switch giving another bullish sign for bitcoin in jan 2019 yesterday we identified the longs and shorts from bitfinex were getting closer and now they are about to cross, with the smart money going into longs if bitcoin can keep up its gains going into next week this means more pressure on the bears and the resistance levels to come we will keep these charts updated in our comm channels but feel free to leave a message here Please use our other charts for key levels and prices for bitcoin trades happy new year and good trades to all, we been killing it in forex markets in vip so far this week, please come join us..... disclaimer: this is for entertainment purposes only and not be considered trade advice
BITFINEX:BTCUSDLong
by majorlee