Margin trade update
Actualizado
This is an update to our experimental charting on margins market. Our previous chart showed very precise insights. Let's see how this unfold, every curve is possible support or resistence. By crossing the margin behavior with spot market you can figure out what is going on. Currently margin market is showing correction from a very bullish position. The dominant market is still bearish while it is below 9K while margin is still very bullish.
Nota
Incredible bear strike, look like we are going to fib 1.0 at least. While spot market is going bull a little bit so far.Nota
Got little bit bellow 1 and back to 0.786, so circles still working great on margin marketNota
Heading to 1.618Nota
1.618 target reachedNota
Break down !! This chart needs some update, we are now at year's record low !Nota
Spot market is moving sideways while margin market looks oversold and heading to all time lowest. There is not too much history on bitfinex margin market so there is not enough key points for a new idea. I will just give a shot with very speculative and somewhat risky chart below:Nota
Margin Market is back above 1 with not too much movement on spot market, so it is still accumulatingNota
Margin Market still running on a fog gray region, this is my best guess for now:
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