BTCUSD There was a lot of bad news yesterday, things started to fall. The main part was sold, a good fall is expected, many opened short. It is not yet profitable for big players to see BTC go down. In the long term, the trend is upward, the correction has not yet been normal. The price can go up in the region of $ 29, to believe in growth. Last time the total # of positions in the market (both long and short,with just bitfinex considered) was that low was July '19 and btc started its decline from 13k to k (the covid happened). True that thera has been a serious outflow of btcs from exchanges in the last quarter and the data can be affected by that, but still the value is. btc-short — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost!
Tradingview shorts btcBTCUSD — Bitcoin Chart and Price — TradingView
Let me know how likely it is for Bitcoin to hit this kind of price action Happy Holidays!!! However XRP should stop dumping hard now, the news made it through the whole world, everybody who had to panic panicked already.
Technically we are seeing a diamond on BTC which is a bearish Yesterday BTC aims towards local support orange line. After trying to attempt this support area we started seeing a nice uptrend. This resistance area marks a critical resistance target. If we close above , we can expect Hello everyone In my previous analysis even though I am bearish in bigger picture.. However in 1 hour time frame we could have a breakout that could lead to a new high Price stuck inside a triangle..
Price broken triangle but need to close above green line and same time Green line need to hold as support.. The infamous "Then they fight you" phase started! Merry Christmas. BTC is facing resistance along the 0. There is no correction at this moment! Bitcoin hitting top bolinger on 15 min. Also resistance level with many highs on 4hr. Take most of profits here. Most likely will decline back to 35 ema. As we can see, the price moves uncertainly. It follows the line of resistance that begins in November The price does not move far from the line.
Yesterday I said that the price will reach the support zone. It can be seen that almost the price succeeded, but soon the price began to rise. Hello, shorts positions are very low, which is weird in an uncertain situation like the current one. Despite not all the odds are for a fall of BTC, this is a scenario it makes sense to play right now.
Am I right I don't know at all! But I can speculate with the best of them I think I am onto something though! Why get subbed to to me on Tradingview? Good day! Some interesting images: On the RSI indicator with the period of 28 , in classical position the 14th period is situated approximately there, on the long chart, on the daily time frame RSI has drawn ABCDE , but on the short chart a divergence is formed. Last time the total of positions in the market both long and short,with just bitfinex considered was that low was July '19 and btc started its decline from 13k to 6.
True that thera has been a serious outflow of btcs from exchanges in the last quarter and the data can be affected by that, but still the value is really low wouldhave Its level is excluding hodlers that are long by definitions and do not trade the trend meaning that for each long position there is 1 short.
Total uncertainty among market participants. Shorts are at their Most of Videos only.