Domination of Longs

[Lasky366]

Longs definitely dominate on Shorts for the last several hours. But we are aalready passed the 10k$ Resistance and go to 12k$, that Local Correction is something we need, in order to locally kill new passengers. 😅.You know what I mean 😁

[GreatArkansas]

This is good news for Bitcoin but this is not 100% accurate, bears still can takeover. And that percantage may manipulated by such an exchanges.
As what I remember before when we dump around below $5,000, the percentage of long is still high before but the price of Bitcoin continue to dump, so if you are do trading, don't totally really rely on this kind of platform.

[btc_angela]

Yes, I agree that short positions are getting rekt not just today though, it started when the price suddenly pump in the last 48 hours causing this break out run, or what I call mini bullrun. $10,200 already so it's just matter of time before we see another barrier broken, which is $10,500. And this is just the start of the week for us, so I wouldn't be surprised if $10,800-$11,000 will be achieved at the end of this week.

[slaman29]

Killing new passengers is a definitely must, but I'm actually surprised that the 10k did not immediately bounce first, since I'm sure we've got a lot of people waiting to TP at exactly this point, if not at 10200 which we are actually hovering around now.

Or are people really going mostly in on derivatives at this point and then bringing their money over to physical now?

[Wind_FURY]

This is good news for Bitcoin but this is not 100% accurate, bears still can takeover. And that percantage may manipulated by such an exchanges.

As what I remember before when we dump around below $5,000, the percentage of long is still high before but the price of Bitcoin continue to dump, so if you are do trading, don't totally really rely on this kind of platform.

Zoom out, there are no true bears since 2010.

Plus anything "bearish", or crash, is a welcome downward volatility to buy the dip, and HODL. I don't understand people who say that they are "long-term bullish", but short Bitcoin and hope it crashes to $6,000.

[ashmodeus]

it's not surprising for me,and about what happened today,like i say before on another thread,now its a final barrier between going to next resistance on 12-13k range,or back to 7-6k. The great news, according to many aspects like charts,trading volume giving a positive point,which mean,it seems btc can go futher, however its doesn't mean bear cant do anything.

[FanEagle]

Longs are not really all that powerful when you think about it. Just a few months ago there was a situation where longs were so much that shorts all had to do was sell all their coins and some dude sold tens of thousands of bitcoin he had in order to make the profit, dude probably made 10x of the amount he lost from selling and that was it, all the shorters made the profits of longers.

What you are missing out is, when there is more long futures sold and they are dominating, you could get in with a lot less money into shorts versus longs, like a sportsbetting, where you could bet on getafe to win against real Madrid, for lower amount you can make a bigger profit. So, all they have to do is destroy it once and you will get all of the money longs have put into the market.

[Bitum]

It looks like the long times have arrived) even the altcoins have shown real profit. So the whole corona crisis only brought advantages for the crypto market. The situation can change at any time.

[Sanugarid]

Well it looks like that people are optimistic about the price, not pretty much of an issue actually , that only means that the market is healthy perfectly balanced as I see it, you don't want to see a 80% short mate.
As for the price today, reaching at $10K expect more domination on long trades, after it touches $11K or $12K then that's the time you'll see much of shorts, people these days are weak in my opinion, they are too afraid to be left out, a small price advantage looks huge to them. But if the arrow goes the opposite side, there would be more people who will be liquidated, got lucky if they exit their position before reaching 80 margin.

[LUCKMCFLY]

The use of LONGS are very important when speculating on the market, especially when trading Scalping mode and even to place long-term positions.

When you see this type of behavior, it is always good to put a position in LONG, you have more security to make a business decision. I would say that it is a good time for those who want to invest right now in Bitcoin, the opportunity should be seized.

[JeromeTash]

Woow and this was about 20 hours ago before a good bitcoin pump today.. ETH was leading the pump from last week but looks like BTC decided to take over. We might be seeing $11K by tomorrow. Well well well we are already there, aren't we?

OP which tool did you use to get this image, I would like to use it when I am analyzing my entry points

[btc_angela]

Woow and this was about 20 hours ago before a good bitcoin pump today.. ETH was leading the pump from last week but looks like BTC decided to take over. We might be seeing $11K by tomorrow. Well well well we are already there, aren't we?

OP which tool did you use to get this image, I would like to use it when I am analyzing my entry points

Right, we go to $11,300, but the usual short sellers, but it doesn't matter, the price goes to $11,200 again and as we have seen, bears are really getting careless and rest at this point as long position is still dominating at this point. I also said that $11k end of the end, so I was wrong, next stop should be $12k now. 

And there could be bears right now becoming bullish.

[tbterryboy]

For the people who are new to this, long and short are two types of position in trading where long means that you own the security and short means strategy that speculates on the decline in a security price. Bitcoin looks quite bullish so it is obvious that the longs will be greater than the shorts in terms of percentage. Bitcoin almost stands at 11200$ mark and the next resistance appears to be at $11500. If bitcoin is able to break through that resistance, the next stop will be at 12300$. After that, we might observe some correction in the market and they price might again fall down to $10000 mark.

So, it is making all the sense to be going for longs right now with bitcoin markets. But, shorts also might be making profits because short-term corrections are happening at every part of the market still when you are shorting and where you are booking profits matters is you are going for shorts.

[wywoc]

The market seems very bullish, currently I have to pay more than 0.1% funding fee for a long position, or 0.3% of total volume per day to keep a long position. We need a correction to cool down the market and sustainable growth.

[deisik]

Longs definitely dominate on Shorts for the last several hours. But we are aalready passed the 10k$ Resistance and go to 12k$, that Local Correction is something we need, in order to locally kill new passengers

I don't think we are ready for that

There are not enough long positions opened on borrowed money that would call and allow for a good long squeeze, Bitmex style. We should first see a plateau before we enter a flash crash in full swing (read, playing against the market can be dangerous). But no matter what side of the trade you are on, you should never forget the unwritten truth that every bull run ends with a bull trap. We are just not there yet

[rexxarofmoknathal]

Longs definitely dominate on Shorts for the last several hours. But we are aalready passed the 10k$ Resistance and go to 12k$, that Local Correction is something we need, in order to locally kill new passengers. 😅.You know what I mean 😁

I agree the Longs have been doing very well for the last 48h or so. I do expect the resistance to hit soon around 12K and get into Short for the much needed correction. With how the market is booming this is inevitable. The new buyers will drop out soon after the correction and some people even entertain the idea that this year this may help reach a new ATH circa >18k. Let's hope things can get this peachy.

[Stedsm]

Don't just start celebrating because the bear markets aren't over yet. If you think this will end up in BTC crossing $20k, think again. I'm not a bear not I've any positions open either way, but for the sake of being a good investor I'm here again warning you back to be ready for a small crash. Check my post history and you'll find something that will prove what I'm talking about. Not too old, just the first 2 pages of my history will be enough.

[bolawin]

Up and down just like life. Anybody know why price jump?

[Stedsm]

Up and down just like life. Anybody know why price jump?

There are many reasons why price rise (and eventually falls), just because:

- The demand hikes a lot against the supply
- Expiry of big futures contracts for BTC
- A group of whales try to accumulate immediately as they know something
- Miners sell their mined fees to cover some losses and even to enjoy their profits
- A pattern is about to be broken and a technical bot is set up with sheer money in order to long/short BTC according to the orders provided by a whale

[electronicash]

the ones who will short are probably the ones in the 5-15 minute charts that could still be profitable for them.  but its sensible to go long while the market is really getting good, seem no loss for that option.

Don't just start celebrating because the bear markets aren't over yet. If you think this will end up in BTC crossing $20k, think again. I'm not a bear not I've any positions open either way, but for the sake of being a good investor I'm here again warning you back to be ready for a small crash. Check my post history and you'll find something that will prove what I'm talking about. Not too old, just the first 2 pages of my history will be enough.

i'm sure they will have their doubts after to many bulltrap going on since the last time they were lured to go all in. it hasn't cross $20k that means those who waited this long as still not satisfied as they bought their BTC at its height.