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Title: Can we predict high volatility by analyzing BitMEX BTC inflows?🤔🤔 Post by: analysis_mooorty on January 10, 2020, 01:55:27 AM Cryptoquants data makes it seem like that is the case. BTC
https://twitter.com/cryptoquant_com/status/1212108934200213504 Title: Re: Can we predict high volatility by analyzing BitMEX BTC inflows?🤔🤔 Post by: SquallLeonhart on January 11, 2020, 08:34:23 AM So, what we can gather from this is that, if there are a lot of people either shorting or longing the price of bitcoin, it actually does that. I mean it doesn't have to be about the price movements as much as volatility versus volume. If bitmex gets volume a lot compared to its regular days, that means something is about to happen in bitcoin. How could that help us if we do not know the direction tho?
I mean lets assume someone always lets you know that bitcoin is about to do something major, but you don't know if it is up or down, would you risk your money and buy more bitcoins or even feel more riskless and sell bitcoins just to be safe? I know I wouldn't be able to tell the difference and just get stuck, bitcoin about to do something major information would just scare me and that's about it :D. |