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  • But whenever Barish signs are showing up, well, we have to talk about them.

  • And what we're looking at over here on this chart are 270 million U.

  • S.

  • Dollars worth off longs in Bitcoin on exchange bit.

  • Phoenix.

  • Now, is there a potential for a massive long squeeze which would take the price of Bitcoin down?

  • That is going to be our main topic after day.

  • And now let's jump right into it.

  • So it's getting asked on this court yesterday.

  • Yo, Sonny, what is happening with the Longs on Biff in X and Candace lead to a massive long squeeze.

  • Just to be clear, what is a long squeeze if we talk about it?

  • Well, if you're longing big corn on Biff in X, you're basically borrowing big corn you do not own.

  • So you're betting on the price off big coin to go up now.

  • If you're stop, loss is getting hit. 00:00:59.300 --> 00:01:2.980 Let's say, for example, the price is going down and you want to get out of the position. 00:01:2.990 --> 00:01:11.160 Well, you have to sell that long position again because you borrowed a lot of big corn and then you just want to sell them for a loss because you're stop us is getting hit.

  • You want to be out, you don't see the potential anymore.

  • So along Squeeze can actually happen when certain levels to the downside or getting hit because long ear's are getting squeezed out of their position, order getting out of their position and therefore the price is actually getting squeezed.

  • So long Squeezes Day can actually happen, but they don't have to.

  • We're gonna talk about that in a second as well.

  • But what's for sure is if we have a look at this chart, well, we definitely have to respect it, because if we sue MT.

  • Here on the daily chart, we can see that we are almost in all time high territories compared to February here, 2019 and also here in March 2018.

  • Now let's do a little bit off research.

  • Let's do a little bit off analysis.

  • If this had an impact in the past and what I figured well, yeah, I'll let you decide. 00:01:59.540 --> 00:02:7.370 Now let's start off Very simple and just compared to Big Corn price on the top with the bit for next longs here on the bottom. 00:02:7.380 --> 00:02:11.260 And as you can already see well, there's most probably not really a correlation.

  • In the past, we have seen that sometimes the shorts were actually quite important, so we're gonna look at them as well.

  • But as I already said just sometimes.

  • So sometimes there was a short squeeze.

  • The price was going up and sometimes Well, not really.

  • Now, why is that?

  • Well, we're gonna come to that in a second, but what's way more concerning to me, it's the ratio longs versus shorts, which you can see here in blue and on the very bottom in green and red.

  • You can once again see the longs in green and the shorts in red, and we go back into the bear market off 2018 or to start off the bear market.

  • And, as you can see well, here in this area where the price of sequence started to really go down, we actually had some kindof a divergence in here or a big gap in between the shorts and belongs in here. 00:02:57.660 --> 00:03:0.000 Okay, The gap opened up and then dig. 00:03:0.000 --> 00:03:5.040 Gap kind of came back together again and then fluctuated here, back and forth. 00:03:5.050 --> 00:03:9.190 So I want to keep your attention on that and also on the ratio. 00:03:9.240 --> 00:03:14.070 Now, if we sue mouth and here you have to pay close attention because it's actually getting interesting right now.

  • What is happening right now?

  • Well, I can tell you, and you can probably see that for yourself.

  • This pretty much looks like that.

  • There is another gap opening up between longs and shorts and well, in the past, this gap over here has not really exactly led to a bull market.

  • And the bad news is that this gap in here right now is actually way bigger.

  • And you can also see the rays showing here is going up again exactly as it did back here into 2018.

  • And what happened off the words?

  • Well, I think I don't have toe repeat that. 00:03:48.740 --> 00:04:1.480 So I just want to remind you guys, this does not has to happen exactly as it happened in 2018 but just analyzing their ratio between shorts and longs on Biff in X. 00:04:1.510 --> 00:04:4.210 Well, this does not look all too good for a price of Big Quinn. 00:04:4.220 --> 00:04:8.070 But here, once again, we want to stay in realistic on this YouTube channel. 00:04:8.240 --> 00:04:16.590 This is just one analysis out off 10 or 20 that they're going around right now, which indicate that well, maybe this bear market is not over.

  • And maybe we have to see more capitulation, as we've seen already.

  • Okay, Many other analysis is out there also, some that I've done on this channel.

  • They point to exactly the opposite.

  • Okay, but it is something to have a look at.

  • And also what sets you maybe a little bit more bullish or can take off a little bit off.

  • Pressure off this analysis is that on Biff connects those long positions.

  • They don't necessarily have to be closed.

  • They can also just be claimed.

  • And that's the reason why we stopped analyzing shorts and long on Biff in X.

  • Because positions do not have to hit the order book when they're getting close, they could just be claimed.

  • So basically refund that the losses can be refunded with the people's balances.

  • And I'm just gonna leave it at article down below as well here. 00:04:59.690 --> 00:05:2.060 It's actually explained what it means to claim. 00:05:2.090 --> 00:05:7.730 But I can just read the summary here real quick and then you understand why this doesn't have to be also important. 00:05:7.810 --> 00:05:11.680 Because of this, there is no trading activity on the order book.

  • So it is important to understand that yes, longs are very high right now.

  • And well, this could actually be dangerous if those are getting closed.

  • If the $270 worth of Big Corn are getting sold by our order book, well off course, this could actually be quite dramatic, but they don't have to be sold.

  • If they're getting close, they can be claimed.

  • So they will never see an order book.

  • And therefore those longs which are currently pushing in tow all time, high direction.

  • They can have an impact on the price they can lead to price discovery.

  • But they don't have toe.

  • Very important to understand that this point all right?

  • And so I'm not just leaving you with technical analysis.

  • Also a very interesting news, at least for me.

  • Personally, you guys know we have been making fun about deutschebank for quite a bit right now. 00:05:56.690 --> 00:06:3.450 And now they published a report which is very interesting and very surprising that it's coming from Georgia bunk. 00:06:3.510 --> 00:06:11.500 It's from the Door Chipmunk Research Center and the report is called Imagine 2030 and Bitcoin is actually mentioned four times.

  • Well, two times it's in a graft.

  • But Big Quinn is actually mentioned in here.

  • And believe it or not, in this article, they're actually talking about a potential world potential 2030 without field.

  • They're literally saying in here or there, talking about scenarios that crypto currencies can actually prevail.

  • And they're also comparing the adoption off Big Corn with the Internet with the number off Internet users and so on.

  • So I have to say that all those people out there were saying, Well, banks will never gonna allow this.

  • Banks will just basically crack this down and the big corn cryptocurrencies.

  • They will have a very hard time.

  • But it really seems like that not just government, not just some politicians.

  • Also, banks are opening up their minds.

  • They have an open mind or some of them at least, to have an open mind for crypto currencies. 00:06:58.820 --> 00:07:6.270 And I'm pretty sure that also some of them will jump on the bandwagon because there's pretty much no water option, right with crypto currencies. 00:07:6.280 --> 00:07:10.840 It's either get on board ID, get familiar with it or get left behind.

  • And who wants to be left behind?

  • So I'm also gonna leave this report down below a very interesting read.

  • And yeah, I personally just like it very much that banks are opening up in here and not just basically ignoring Big corner Cryptocurrencies talking it down.

  • And they also see the risk off, you know, like Fiat disappearing and fear not being stable and all that kind of stuff.

  • So I'm very surprised.

  • I'm very surprised what a turn off events I could actually say.

  • But that is almost it for today.

  • Let me know what you think about that bit Phenix.

  • Long versus short ratio.

  • Does this indicate the potential dump more room to the downside letters no European and down below in the comment section.

But whenever Barish signs are showing up, well, we have to talk about them.

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B1 longs biff price corn squeeze gap

WARNING: THIS INDICATES A LOWER BITCOIN PRICE!!!

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    林宜悉 posted on 2020/03/10
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