BTCUSD seems to have completed this Ending Diagonal. it is important to note that the WAVE E does frequently shoot out. As at no, it is hitting all the criteria for this. our next target will be around the $5932 and $6185. Ultimately we will be looking higher to around $8000 - $9600 in the next month or so. LIKE FOLLOW AND COMMENTS PEOPLE
**I was just about to click publish when the short squeeze beat me to it. This was the analysis: Bitcoin sentiment and the weekly chart is bearish, however, Bitfinex shorts are rising and have fallen out of and retested a rising wedge which means we might have a short squeeze from here in the short term and a bounce to retest that pennant as resistance at around...
Massive rising wedge pattern, BTCUSD Shorts will soon be faced to make a decision. It looks like buyers are losing confidence here. Recommendation to put on your short shorts... lol
We look to be setting up for one last drop on Bitcoin. Currently opening shorts up around the top of the smaller pennant around $3740. With plans to add to my short if we somehow break that and push towards the top of the larger pennant in play. Looking to see the support zone break below $3450 with targets in the $2900-3100 range to close our shorts and flip...
"The key to the game is your capital reserves, If you haven't got enough, you can't p*ss in the tall weed with the big dogs." ~ Gordon Gekko
may be doing TA on shorts for some of you guys is non-sense but to me is a very very good indicator of general sentiment direction. to be a profitable trader you should know the stream and swim on the river in opposite direction unless you will lose. so this the stream we are in bull market at BTCUSDSHORTS so we are still heading lower in BTCUSD. general trend...
Right now, this is setting up exactly the same as our call to short at $5500. Right now, I'm targeting somewhere between $3600-$4000 as the profit taking area on the short. But it's the exact same setup with the bear flag/pennant coming out of the drop. It's possible we bart back up, break $4600 with conviction and volume and I'd stop out of the short.
BTCUSDSHORTS on Bitfinex has been an indicator that we are looking at. On the hourly it is currently on a sequential 9 and is ready to bounce , short counts are not significant to price level so traders need to use this as a proxy to price. Trade safe.
Watch the balance of power changing, and the shorts. Be careful, I have been in cash since October 31st.
this has started to move now. expecting this to hit resistance soon. if it breaks that i would expect it to move even higher. could this be the start of another 2 month of bull power?? lets wait and see SEE MY PREVIOUS ANALYSIS ALSO SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
Hi Guys, a couple of weeks ago we published an idea about the set up on the short interest and the chart working into a wedge that we predicted would eventually break down. I think we are seeing this today with a big move breaking down through the wedge triangle and heading to the 200 sma on the one day chart. A breach of the 200 should be a great catalyst for a...
Bitcoin shorts are at or close to an all time high, something like 62% to the short side now. datamish.com I'm wondering if most are on the short side of the trade and thinking BTCUSD is set for a downsilde? Seems to be the popular sentiment right now. The only thing is that it may catch many traders off guard if there is a sudden sentiment reversal. It also...
THESE ARE TENSE TIMES FOR BTCUSD. PERSEONALLY I THINK THE TIME TO BUY IS NOW. IT ALL SEEMS READY FOR A BULL SPRING. BE IN IT TO WIN IT
RSI broke 50 will need another retest of the trendline violation to confirm sell off / close of BTC positions
Expected: 1st of all i would like to say that i am not trading BTC at the moment. but for those brave enough, here you go i am expecting this to go up and break the resistance line towards the next blue line also Stoch RSI has is recovering from the oversold area so some buys seems to be coming in PLEASE LIKE, COMMENTS AND FOLLOW FOR MORE
important moment Will BTCUSD break down or bounce up i'll be monitoring this closely. a break on either side will give us an impulse to that direction. personally i am not trading this.... yet :) once clearer, might post a smaller time frame happy trading :)