Ethereum seems to have been forming a nice big ascending triangle over the last few days which would normally indicate a bullish breakout is imminent, but could this triangle be breaking into an ascending wedge instead to set the bulls up for a world of pain? Arguments: Bearishly diverging and faltering MACD Heavily over-leveraged longs relative to shorts on...
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...
The number of long on finex is at the same level as the previous top. Great pool of liquidity (stop and liquidation hunting) for the MM.
After calling the recent drop from 12k to 7.9k , I got the sense that BTC hasn't bottomed yet despite many calling the bottom. So I started looking for other indicators and pieces of data that may corroborate this hunch. Initially I started looking at the long (BITFINEX:BTCUSDLONGS) and short (BITFINEX:BTCUSDSHORTS) positions on Bitfinex as a way to gauge when...
The daily's looking nasty here. $390 has been rejected on U.S. exchanges which has negated the possibility that enough momentum exists to push to and beyond $400. Looking to add on a break of 2520 cny1.05% as well as support denoted by the thick orange line. Pseudo Analytical Indicators: New moon and Chinese New Years converge tomorrow, the 8th.