What are the key indicators to look for on the BitMEX chart for predicting price movements?

1 answers

• Apr 30, 2022 · 3 years ago
  As an expert at BYDFi, I can provide some insights on the key indicators to look for on the BitMEX chart for predicting price movements. One important indicator is the BitMEX funding rate. The funding rate reflects the cost of holding long or short positions on BitMEX and can provide insights into market sentiment. Additionally, traders should pay attention to the BitMEX liquidation price levels, as they can act as support or resistance levels. Another key indicator is the BitMEX open interest, which represents the total number of outstanding contracts. Changes in open interest can indicate shifts in market sentiment and potential price movements. It's important to note that these indicators should be used in conjunction with other analysis techniques and should not be solely relied upon for making trading decisions.
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