Sherem

BTC to 10k. Nuff said.

Long
BITFINEX:BTCUSDSHORTS   BTCUSD Shorts
We're still long from 6.5k, and we still have a ways to push up yet.

In April it went from 7k to 10k with that short squeeze. As previously mentioned, we are now in the midst of the same scenario. Strong MACD cross, RSI looks good.

What's interesting about this scenario that's playing out is the last initial short squeeze propelled BTC from 7k to 8k and went down by 14k in contracts. While we have moved up from 6-7k and there has only been a squeeze out of roughly 7k in contracts. We still have a lot of lemonade to make with those bear tears and this will continue to drive BTC higher.

We'll look to get out just under 10k. You can put a protective stop in place, all though I don't think it's necessary. Timing wise, I think this will take until the end of September.

Happy Trading,
-Sherem
Comment: Previous ideas for reference:



Comment: and please remember to hit the like button!
Comment: A quick update, It appears we are coming to this 6.7k support area and trendline, i imagine we will get a move up from here. We only need to be worried about more downside if the 6.5k area doesn't hold

Comment: Still holding. We are looking good. Next stop 7.5k.
Comment: almost at 7.5k, expect some pull back and then the trend to continue. Click refresh on the btcusdshorts positions and you will notice we now have a lot of people who just shorted it. More short squeeze coming.
Comment: Crazy move. You should have either gotten stopped out just above 6.5k for a break even/ profit. Or are into hodl mode. I am actually not to worried about holding, we should find support here.

Reason for the move? A large short increase and longs hardly dumped....

Comments

GG
Reply
Sherem zijianz1
@zijianz1, The game has just begun
Reply
So, do you still think your 10k prediction is possible in this month?
Reply
Sherem supergoh
@supergoh, Depends if we snap back fast or not. If not, it could be October. On the flip side, if 6k doesn't hold, that's bad news bears.
Reply
shorts are exiting while price of bitcoin drops. no there are more longs than shorts. Longs will get rekt soon lol
Reply
Sherem vaidas1230
@vaidas1230, My account value just seems to be going up... so rekt.
+1 Reply
I acctuly agree that these shorts are going to get rekt.
The rekt analysis is good. Thanks.

I did Call this rektifying process in an idea translated into making Money.
Take a look.

And i promise i wont sell you bad trading coruses, bad trading t-shirts, and exlcusive content in chat Groups.
LOOOOOL. Its free, and you make Money.
Reply
If BTC gets over (and stays over) $7500, then I will give your prediction a chance. There are still some mine fields to traverse before we do any cartwheels just yet.
Reply
I think we are going down again... we hit resistence, and I see rejection on daily.
Reply
@boto93,
Bro, the market dont realy care about what you think do it?
+2 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out