Bitcoin Price Analysis — To flare or not to fork

Bitcoin Watch Shop

The technical setups posted next use elementary trend detection, support and resistance, channels, settlement and candlestick 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.

The timeframe for trades is 1 to 7 days, so we’ll use 4h candlesticks. Bitcoin is best traded as a quite suppositional commodity on 4h+ timeframes.

Market Sentiment

This territory is formed on Bitfinex Long (Buy) / Short (Sell) Margin Funding Ratios

1H Active Long vs Short Volume Ratio – 2.70:1

6H Active Long vs Short Volume Ratio – 1.69:1

12H Active Long vs Short Volume Ratio – 1.44:1

24H Active Long vs Short Volume Ratio – 1.30:1

By looking during a prolonged and brief ratios we can see that there’s a offset ratio of prolonged and brief positions. The Data shows significantly some-more brief positions have been non-stop in a past hour. This might outcome in a brief squeeze, where shorts rush to exit a losing position.

Macro Key Points

This territory is an overview of news headlines or events that might impact BTCUSD.

  • With all eyes on a Ethereum Fork debacle, this is lifting concerns if BTC should

    Read more ... source:

    Advertise on the Bitcoin News

    Do you like The Bitcoin News ? Thank you for Support us !
    BTC: 1FVCSiK2ErerjH1kBP4VLS5LqR3YzmVeXf
    ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824