BTCUSDSHORTS trade ideas
Analysis of BTCUSD 10.09.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 10000.00
• Take Profit Level: 9300.00 (70000 pips)
If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 10500.00
• Take Profit Level: 10800.00 (30000 pips)
GOLD
A possible short position in the breakdown of the level 1485.00
USDJPY
A possible long position at the breakout of the level 107.50
EURUSD
A possible short position in the breakdown of the level 1.1030
GBPUSD
A possible long position at the breakout of the level 1.2385
Bitcoin Shorts Drop 60% - Watch for Long Entries into BTC?Interesting note, the number of short positions on Bitcoin has just dropped dramatically (60% at press time), this is undoubtedly going to be people who shorted Bitcoin during the run, closing their positions now that Bitcoin has dropped so sharply.
What this could potentially mean, near-term at least, is that these formerly short positioned traders could look to switch to long positions at this dip.
This most likely will not drive the next run up, but what this could mean is that the near-term low could be in, for now at least, and as the short positions begin to close they will need to buy back their positions, which could drive a near-term recovery.
I would not make any trades on this information, but it is interesting to note that a large number of short positions have just closed, leaving the door wide open for those same traders to switch to long positions.
Edit: Note that not long after June 30th (the last major dip in short positions) Bitcoin had a minor rally
Shorts And Longs RatioI putted some circles around areas that Bitcoin shorts and longs ratio come to a point that make a unbalance force between bulls and bears.
as you know market is the power translation of supply and demand or simply buyer and seller. any other fundamental data is being translated to these two things.
people have two options to buy or to sell! we either!
when these forces are balanced we are at a state that we call equilibrium. but when these forces are unbalanced we should expect price to move to a direction in which majority of trader lose their money. so in this exact situation 60% of people are short so we should long.
have fun.
Bitcoin Shorts crashed to 0 ?! -70%I wonder why ALL of a Sudden have all the shorts dropped to almost 0
on BTC ???
That must be some nice kind of manipulation.
Literally not trusting those Longs/ Shorts Charts on bitcoin and those exchanges anymore.
Good Luck.
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