We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bullish
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • Are you trading #commodities globally? How are you keeping a track of the live prices? Get your live updates here: https://t.co/lzbiyiNnoF #CommoditieswithDailyFX https://t.co/CvGEoVLLzB
  • Gold Price Outlook: Gold Prices Continue Congestion as USD Dives https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2019/10/21/Gold-price-outlook-gold-prices-continue-congestion-as-usd-dives-js53-gold-price-chart.html $Gold https://t.co/gVrnZOBZdQ
  • Are you trading #commodities globally? How are you keeping a track of the live prices? Get your live updates here: https://t.co/lzbiyiNnoF #CommoditiewithDailyFX https://t.co/ptLbxmoLns
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.99% US 500: 0.49% France 40: 0.42% Wall Street: 0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/4GShQfAelf
  • JPM, GS, BAML warn overnight funding issues remain despite cash injections from the Fed, citing ‘liquidity bottlenecks.’ JPM says recent money-market madness to get worse at year end. https://t.co/oFIsErYcFM
  • #Euro firmed up against US Dollar and printed 1.1173 – its highest level in over three months. Get your $EUR technical analysis from @malkudsi here: https://t.co/EKCRplz3RI https://t.co/MpeyfuugkS
  • RT @LiveSquawk: Chinese Companies’ Profit Warnings Indicate It Could Be The Worst Third Quarter Since 2015 As Economic Growth Slows Down -…
  • RT @StockBoardAsset: 21 Oct - 08:39:32 AM [RTRS] - WHITE HOUSE ADVISER KUDLOW SAYS IF PHASE ONE CHINA TRADE TALKS GO WELL, DECEMBER TARIFF…
  • RT @C_Barraud: 🇪🇺 🇮🇹 EUROPEAN COMMISSION HAS ASKED ITALY FOR CLARIFICATIONS OVER ITS 2020 BUDGET, #ITALY WILL REPLY BY WEDNESDAY - ITALIAN…
  • RT @PaulBrandITV: Gauging support amongst MPs, there will be 3 crucial amendments this week as it stands. In order of the threat they pose…
Bitcoin: Traders Continue to Increase Their Net-Long Positions

Bitcoin: Traders Continue to Increase Their Net-Long Positions

2019-03-11 16:30:00
Nancy Pakbaz, CFA, Markets Writer
Share:

Bitcoin

TRADERS REMAIN NET-LONG

Bitcoin: Retail trader data shows 80.0% of traders are net-long with the ratio of traders long to short at 4.01 to 1. The percentage of traders net-long is now its lowest since Feb 26 when Bitcoin traded near 3777.29. The number of traders net-long is 0.3% higher than yesterday and 0.5% higher from last week, while the number of traders net-short is 5.6% higher than yesterday and 6.5% higher from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

Tuesday 20:00 GMT

Wednesday 12:30 GMT

Thursday 18:00 GMT

(click on one of the above times to enroll)

BITCOIN: PRICE MAY SOON REVERSE DESPITE TRADERS REMAINING NET-LONG

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.

--- Written by Nancy Pakbaz, CFA, DailyFX Research

Follow Nancy on Twitter @NancyPakbazFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.