On Bitfinex, it is the number of bitcoin in the long positions at historically high levels. What does that say about the price of a bitcoin? And yesterday, the British elections and has been, that will have an influence on the bitcoin price.
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The british may be cheap bitcoin buy
This morning, most of the votes in the Uk elections, will be counted. The party’s Boris Johnson, holds 362 seats in the house of Commons, the Labourpartij lost 42 seats. The Brexit seems like this is closer now than ever before.
When the result was announced, the British pound is huge in comparison to the U.s. dollar and other foreign currencies. There is more certainty about the future, and that gives you confidence. The value of the pound rises to a:
As a by-product of a rising pound is that the British are cheap bitcoin can buy. In order to have a fair comparison, we will look at the bitcoin price at the cryptobeurs Coinbase. There you can spend your bitcoin and buy dollars, but also British pounds.
On the graph, you can see that the price for a long period of time, the same path is open to them. But as of last night around 23:00 hours, the difference between the U.s. dollar and the British pound sterling, the pieces are bigger.
Line will be tested
We are going to have to return it to the bitcoin chart euro. The chart is quite broad, this is because of the same line for a long time is very important. Until Friday, the 6th of december, if the price is not out of the trend line to be broken. Now that’s worked out pretty well, but haven’t fully committed to.
The bitcoin price is looking for is the trend now again, you can see that the direction of the line and two times it touched. This will become the trend line name is also referred to as a test. And, that it may be beneficial, especially in combination with another indicator.
The RSI shows an increasing movement to be seen. Even though the share price lower and lower to decrease it makes. This is called divergence, and it might mean that the stock price will go up.
Longs at historically high levels
Also, it is notable that the number of bitcoins in long contracts at Bitfinex is higher than it has ever been. If you go long, then it is a bet on a rise in price of bitcoin. It is the opposite of long is short, then do you believe that the price is going to drop. You can of bitcoin is to bet and earn money from a rise in price or fall.
The ratio between the long and the short is you can see in the chart below, in return. In green, the number of bitcoin in the long contracts are in the red, with the number of bitcoin in the short contracts.
There are three things:
The number of BTC in the long tracts of historically high
The number of BTC in the short contracts would be lower than ever before
The difference between the long and the short is better than ever
What does that say? It’s hard to say. You should be able to say that this means that investors have the confidence that this is the price level in the base of bitcoin is to. This indicates that there is a positive sentiment in the market. Or at least that’s what you are, perhaps, on any other web sites to read.
But let’s not jump to your conclusions. The numbers to the how much bitcoin is there of long and short contracts. It’s also only for the investors who lent bitcoins is long or short is going. The figures say nothing about it:
how many traders are there are long and short;a
the number of contracts we are talking about:
You will need this data, so it is critical to watch. Who knows, maybe there’s a single whale or a group of investors with big pockets. This can be the data have already been substantially disturbed. However, the graph is a representation of the emotion. Bitfinex is a big player when it comes to long and short contracts on bitcoin. Over the past several days, the daily trading volume nearly one-half of a billion dollars.
The use of long and short, in order for the stock price to predict a
Also, with Bitmex, you can bet on the price of bitcoin. Bitmex, a larger party than Bitfinex, and this party will give you a good idea of the bitcoinmarkt.
Just like on Bitfinex you can buy is not directly to bitcoin. You can have a system of Bitmex to use the price to predict the future. It’s going to be funding. That sounds like a lot (and that is even a little bit, but it’s still interesting to see how this works out.
Bitmex is committed to strive for the prize on their platform, same with the bitcoin price on other exchanges. To achieve this, it will pay investors with the longs and the shorts, in order for the eight-hour sort of rate of interest to each other. This funding is called. Funding is, therefore, as a kind of a mechanism to change the price at Bitmex to remain the same.
Funding to work on Bitmex like this:
The price Is on the Bitmex is higher than the price of a bitcoin on other exchanges? Will be paid to the longs to the shorts. It’s called positive money returns to the economy.
The price Is on the Bitmex is less than the price of a bitcoin on other exchanges? In charge of the shorts to the longs. It’s called a negative funding.
At the bottom of that page, you’ll see the rate of funding. Above zero means a positive financing, and, under the zero-and negative funding:
How do you use it to make the price be predicted? That can be like this:
It Is the ratio of a long period of time is positive, and the interest rate is high? Then to longs, many of the shorts to pay. If it takes too long to exit their positions. You can see this, for example, at the end of the month of June. There was a break in the extreme optimism and the share price fell.
However, in december, you’ll see that the shorts, especially, longs to pay for. This remains for a long period of time like that? It may be that a pair of shorts to their position of closing. And, perhaps, for a long to go. You can see this at Bitfinex, it will be more bitcoin in longs for ever. May have been good for the bitcoin price in the long term, so to say …