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hello everyone.Today we will talk about how to predict the price of an asset. Basically this can be found out when the market is dominated by either long positions or short positions.
Major players in the market start to move the price against those who are dominates in order to liquidate their positions.
For this reason if the long positions are more than 70% , you can expect a downward movement.
So that if the short positions are more than 70%, you can expect the price to move up.
You can look at the number of long or short positions using this website:https://blockchainwhispers.com/bitmex-position-calculator
