VincentBoudewijn
Long

Lets do this one more time! The Shorting Squeeze returns!

KRAKEN:XBTUSD   XBT / USD
You can see that we went through a 'mini' downtrend. You would expect that people would learn from the previous super squeeze but once again the point where people start opening most shorts is after this 'mini downtrend' is completed.
With the price remaining static for already few hours and what looks to be a 'Trolling' rising wedge forming there is a good chance that the people shorting are going to fuel the pump straight through this resistance. As you can see the shorters are rising rapidly.

I'm not sure how big the effect is going to be this time but for sure it would create a big green stick.

Please remmember that this is just a scenario. Do your own research, humans make mistakes.

Goodluck,
VIncent
Comment: Wrong on the trade. I expected something else here! Trade invalidated
Comment: Hey everyone,

Hopefully you are doing fine. I’m going to admit that I got a little to over confident with my last trade call which went very wrong. I was a bit blinded by the green days I think! So I apologize for that.
My goal is to share my passion for trading with you guys and I received some criticism to bring things a little bit more neutral/calm and I agree. This way you can make the right decisions yourself and I will only be here to share knowledge in a fun way. So I will be working on improving my analysis and communication. Thanks for the feedback!

Now lets continue trading!
I truly hope no one has been blindly trading on your TA because you would have costed them a lot of money.

I think you are very blindly bullish biased. A good trader is neither bullish or bearish because a good trader makes money when the market goes up or down. You need to take the "emotion" out of your TA. I suggest you take a bit of a break and take a look at the bigger picture with a fresh view.

We are going down some more. This is just the market. There was no entering a bull phase (not yet anyway). The $7K range tests are coming and coming fast, that is all I will say.
+4 Reply
Mooi dat je het zegt maar je bent fcking goed bezig kerel! blijf zo doorgaan
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I like your enthusiasm :D
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For sure
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It is evident that lots of weak handed people are panic selling at a loss. I refuse to sell at a loss in this market. I don't believe we will ever see Bitcoin below 6k again. Digital currencies are the future. And thus the market will rebound. I just hope that a solution will come to deal with the problem of everything moving in the direction of Bitcoin. It's ridiculous that the whole crypto market suffers just because Bitcoin goes down in value.
+2 Reply
@rev214us,
If this market ends up beeing regulated, which should normally be, then we will possibly see this finally.
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kardia Giorgioversace
@Giorgioversace, Until then, this market is screwed.
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@rev214us,
not necessary screwed, but completely artificial.
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kardia Giorgioversace
@Giorgioversace, Not completely artificial. Admittedly, people behind alts need to step up and get things moving on their projects to prove their alts are useful to society. Right now, people are mostly investing in ideas which may or may not come to fruition.
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