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.
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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.
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Got little bit bellow 1 and back to 0.786, so circles still working great on margin market
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Heading to 1.618
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1.618 target reached
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Break down !! This chart needs some update, we are now at year's record low !
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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:
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Margin Market is back above 1 with not too much movement on spot market, so it is still accumulating
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Margin Market still running on a fog gray region, this is my best guess for now:
