Bitcoin: Retail trader data shows 79.7% of traders are net-long with the ratio of traders long to short at 3.93 to 1. The number of traders net-long is 2.3% higher than yesterday and 6.7% higher from last week, while the number of traders net-short is 5.3% lower than yesterday and 4.2% lower from last week. more...
Bitcoin: Retail trader data shows 76.0% of traders are net-long with the ratio of traders long to short at 3.17 to 1. The percentage of traders net-long is now its highest since Apr 26 when Bitcoin traded near 9183.39. The number of traders net-long is 1.3% higher than yesterday and 1.1% higher from last week, while the number of traders net-short is 10.0% lower than yesterday and 9.0% lower from last week. We typically take a contrarian ...
Litecoin posted massive gains, still has room to run Litecoin lit up the board with a 30%+ gain yesterday, and tacking some more on today. On Monday, we made note of key reversals in the cryptocurrency sector, and that they likely pointed to higher prices, but the rally has exceeded short-term expectations. The break above 210 has the 257/270-area in focus, and if the rally really gains steam resistance beyond that area doesn’t ...
Bitcoin posted big key-reversal bar on the weekly time-frame Bitcoin is already near resistance around 9222, the January spike-low, and the trend-line from last month. A break through both of these hurdles could have Bitcoin finding a resurgence of buyers for a larger rebound to unfold back towards 11.5-12k, or better. The lower end of that targeted zone would wipe out the last leg lower from the triangle proceeding the ...
Bitcoin, Litecoin, Ripple broke important levels For Bitcoin, 7888 in confluence with the 200-day MA may bring some relief, but not looking for it to do much more than that. Rallies are expected to be short-lived events, rather than sustaining moves higher. With that said, the November low at 5555 is the next big downside target. Chart 1 – BTC/USD Litecoin is dropping sharply after breaking out of a wedge, ...
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