The technical setups posted below use simple trend detection, support and resistance, channels, pattern and candle analysis. We aim for high-probability trade setups on BTCUSD and use very few indicators. All charts use BNC’s Bitcoin Liquid Index for maximum accuracy.
This section is based 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 at the long and short ratios we can see that there’s a growing excess of long positions, which can result in a long squeeze. This occurs when a sudden drop in price incites further selling, pressuring long holders to close their positions, protecting against a dramatic loss. 1H data shows a dramatic growth in long positions, keep an eye on this over the next 24H.
Macro Key Points
After the Halving, It has been a slow for Bitcoin news, We found one developing story in the past week that we thought