Bitcoin : I think it's a little early for Short !

7 Jun 2020

Hello.
I think that short position will not be brought to the agenda without ensuring permanence under the green trend line for Bitcoin.

Cryptocurrency Terminal :



Comment

Hashrate and Bitcoin Total Transactions data seem healthy.

In general, we can say that Blockchain data is above average.

We bring short positions to the agenda when a few bars below the green trend line are permanent.
Let's notify each other.
Regards.

12 Jun 2020

Nota

Hashrate and total transactions should drop a little more, if it is permanent in case of green trend line, it will be healthier to try short.

21 Jun 2020

Nota

Hashrate dropped but Bitcoin Cost Per Transaction Change is still positively strong.
So i still think it's early for short.

4 Jul 2020

Nota

Last 33 week Bitcoin fall and relative blockchain data change :



* Average Block Sİze is still relatively so high
* Hashrate Change is still relatively so high for Clear Short Position.

4 Jul 2020

Nota

Typo : Last 33 days

5 Jul 2020

Nota

Last 115 bars :


* Hashrate change needs to drop a little more.
* Bitcoin Cost Per Transaction must exceed 0 and be a strong value.

Miner Revenue has fallen about 50%, that's good for Short.