The technical setups posted subsequent use elementary trend detection, support and resistance, channels, settlement and candle analysis. We aim for high-probability trade setups on BTCUSD and use really few indicators. All charts use BNC’s Bitcoin Liquid Index for limit accuracy.
This territory is formed on Bitfinex Long (Buy) / Short (Sell) Margin Funding Ratios
1H Active Long / Short Ratio – 37.46:1
6H Active Long / Short Ratio – 5.09:1
12H Active Long / Short Ratio – 4.15:1
By looking during a prolonged and brief ratios we can see that there’s a flourishing additional of prolonged positions, that can outcome in a prolonged squeeze. This occurs when a remarkable dump in cost incites serve selling, pressuring prolonged holders to tighten their positions, safeguarding opposite a thespian loss. 1H information shows a thespian expansion in prolonged positions, keep an eye on this over a subsequent 24H.
Macro Key Points
After a Halving, It has been a delayed for Bitcoin news, We found one building story in a past week that we thought