BFX longs versus BTCUSD. Pattern?
Kommentera:
Ignore the indicators, idk how to hide those
Kommentera:
Zoomed in, cleaner look:
Interesting to note, the slope of the upward price movement seems to be lessening each time. Could be increased selling pressure by smart money or hesitant buyers.
Also I noticed our recent local high we made around $11,800 had an opposite correlation with long positions (purple square). Theories?
Interesting to note, the slope of the upward price movement seems to be lessening each time. Could be increased selling pressure by smart money or hesitant buyers.
Also I noticed our recent local high we made around $11,800 had an opposite correlation with long positions (purple square). Theories?
Kommentera:
Also @Bitcoin_Schmitcoin pointed out a correlation to shorts. I see one less clearly, but not any less interesting.The green highlights are times when shorts are directly related to the the price action, and red when the relationship is inverse. Notice how it seems the inverse relationship seems to get more dominant.
Kommentera:
History repeats.
Kommentera:
When will they learn?
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