If I am reading this correctly this is the first time since $3,200 that the Bitcoin Shorts chart is actually going in the OPPOSITE direction as the price of Bitcoin. It did not start doing this until AFTER breaking $10K. Before $10K, the short positions would increase as the price of Bitcoin increased. It has been doing this since about $3,200. Anybody...
let's see if we can get some more down side will update next week
If the shorts continue to get squeezed it could add a lot of fuel to the Bull rally. If this daily chart is a valid H&S pattern and it breaks the neckline South watch out!
OK, call me paranoid, but anybody that has followed me for more than a minute knows I call the patterns early. I call the breaks early. I called the bottom early. I tend to panic early. Now, that being said, WTF is going on with the Bitcoin shorts the past few days or more? The Bitcoin price keeps raging North but the short positions continue to climb. What?...
Hello my fellow Bitcoinistas! This morning was very interesting. The Bears keep shorting and Bitcoin keeps moving higher. It doesn't make sense but it is what it is I suppose. I noticed another pattern that may be of interest if it plays out. I see another large Cup and Handle pattern that looks like it has already broken North. If so, the minimum near term...
WTF? The shorts are selling their butts off but Bitcoin keeps climbing? They can't hold it back much longer.
There is a rule in the stock market "Sell in May and go away" Bitcoin in the financial ecosystem this rule is also imposed on the cryptocurrency market Came strong seller global goal of the month 6800
Hello friends Often I do an analysis of the short and long positions on the Bitfinex crypto exchange. Now I want to explain how to analyze from this analysis where Bitcoin will go. From experience, I can say that short positions are closed when a large volume of positions is liquidated, as it was when Bitcoin broke the 6300-6400 level on May 8-9. Now the shorts...
The Whales' Master Plan The Plan: 1: Accumulate a large amount of bitcoin at a low price 2: Unload the large amount at a high price To do this we will need a large amount of participants willing to buy bitcoin at a high price or forced to buy bitcoin at a high price. Hindsight is 20/20
EEM which can be thought as "Emerging Markets" looks fucked to me. Short this. Baring a sudden trade deal this week (unlikely), EEM could see sub $40. The puts I purchased last week have already doubled in value. :) From a TA standpoint, let's review. Price is below the green line (bearish) but bounced off support in the last 10 minutes of the trading...
Hello, I hope you are all been trading well and made a nice profit on my last call. I still see upwards potential in the charts. I always look at the shorts chart also, they are still quite high, fuel for one last push to the upside. This will complete a Elliot wave. And I know that the drawings of this theory are very subjective, but my drawing follows the...
NIO is probably a good buy, long term. But short term, I'm seeing nice profit off my NIO short term puts. NIO could turn out to be the buy of the century... at $2.80 :) We can see here, NIO is coming to the end of the wedge it began forming on April 1. The price (and market in general) was pumped up in the last 10 minutes of trading today by algo panic buying,...
RIOT puts have been doing awesome the past week :) Why is RIOT a piece of shit and why should you short it? Well, namely they fund their operations through share dilution. Management is also highly inexperienced. Oh, and I think they defaulted on a loan or something? I know they gave a lender a whole bunch of cheap warrants to exercise around the middle of...