Bitcoin Forum
October 18, 2017, 06:42:15 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: First I have seen this on BitFinex, a Bear market.  (Read 808 times)
Elwar
Legendary
*
Online Online

Activity: 2254


www.bitpools.com


View Profile WWW
May 09, 2013, 09:15:39 PM
 #1

Quote
Our Bitfinex Sentiment Index allows you to see what the market currently feels like, bullish or bearish. It is based on market participants sentiment.

BSI as of May 09, 2013 - 04:02:19 PM CDT:
1:1 - Bearish

Bitfinex Irrational Index

This index analyzes user behavior on the market and reflects their coherence and commitment to make profit
 Irrational Index for Bear: 85.5
 Irrational Index for Bull: 59.4

I am not sure of the exact formula to come up with these numbers but it has been Bullish ever since I have been checking it before the big crash.

My assumption is that the formula has something to do with the amount of longs vs the amount of shorts on the website. So currently there are a lot of people with shorts out on margin.

From my observation, it is usually the most bearish closest to the low. This is the most bearish I have seen.

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
1508352135
Hero Member
*
Offline Offline

Posts: 1508352135

View Profile Personal Message (Offline)

Ignore
1508352135
Reply with quote  #2

1508352135
Report to moderator
1508352135
Hero Member
*
Offline Offline

Posts: 1508352135

View Profile Personal Message (Offline)

Ignore
1508352135
Reply with quote  #2

1508352135
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508352135
Hero Member
*
Offline Offline

Posts: 1508352135

View Profile Personal Message (Offline)

Ignore
1508352135
Reply with quote  #2

1508352135
Report to moderator
1508352135
Hero Member
*
Offline Offline

Posts: 1508352135

View Profile Personal Message (Offline)

Ignore
1508352135
Reply with quote  #2

1508352135
Report to moderator
Ploo
Full Member
***
Offline Offline

Activity: 125


View Profile
May 09, 2013, 09:16:59 PM
 #2

There's more USD/BTC available to borrow than I've ever seen. No one is taking positions. Everyone is sat on the fence waiting for something to happen.
Elwar
Legendary
*
Online Online

Activity: 2254


www.bitpools.com


View Profile WWW
May 09, 2013, 09:35:36 PM
 #3

There's more USD/BTC available to borrow than I've ever seen. No one is taking positions. Everyone is sat on the fence waiting for something to happen.

Every time you borrow BTC at a high interest rate an angel gets their wings.

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
RyNinDaCleM
Legendary
*
Offline Offline

Activity: 2254


Legen -wait for it- dary


View Profile
May 09, 2013, 10:15:33 PM
 #4

Yes, the BSI is calculated by the open positions. The ratio is just an approximation, but is pretty close.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!