Hi all, just taking a quick look at the XRPUSDSHORTS, which seem to be at a decisive point. If XRPUSDSHORTS convincingly fall below the yellow ascending trendline, the next medium term target would be the green box. Correspondingly, XRPUSD may be up for a new rally (3rd Elliot wave). * Note that I am using the Log-scale. --- DISCLAIMER --- This information...
My ideal still wake up, but we are getting more longs than shorts, a signal to a reverse market or a trap ?
Possible --- Inverted Cup and Handle Formation - Bearish... for shorts (always a good thing). Bullish (I hope)
Recently was brought to my attention there is an easier way to do this! Thought you'd want to take a look anyway. I'm still bullish locally till we break a couple levels I need to see. BITFINEX:BTCUSDLONGS BITFINEX:BTCUSDSHORTS BITMEX:XBTUSD
Let's see how this one plays out Shorts at ATH too.
In our last Bitcoin update we talked about how Bitcoins flash crash can be considered a positive signal for Bitcoin long term. We saw the drop coming, it is easy to call a retrace when momentum is lacking, volume starts to decline and we are facing very strong resistance... So this is no big deal, but nobody expected the drop to be this fast, so why is this...
Fractals, trendlines + indicators showing good potential for growth. EXTRA: BTC nearing ATH shorts again.
Whats happening here? After the slow squeeze these last tzwo weeks shorts are up again 50% in a day. Somthing is in the making. I reckon we will get a massive move the next days. Buckle up!
All in the graph. for peoples missunderstand this. just meaning SHORTS are weakers and we start to be bullish for now. by the way., don't look the timeframe, for future price anyone know where the price gonna be pushed and when. Happy Tr4Ding !
What's up my favorite people, That spike in shorts occurred at a price of $72-7300. They are all underwater and fast sinking. Be careful if you are short. I understand that the price is high relative to recent figures, do you understand that it is incredibly low relative to what it will be in a decade? You must be careful shorting bitcoin because of this fact....
Those days we had a nice series of higher low and after the double bottom price nicely raised of +20% anyway we are into a bearish rising wedge and approaching to the tight section so the breakout is imminent Moreover the breakout could happen near the top of the main downtrend channel, the bearish trend we are into from months. In this setup I'm noticing few...
There is no outstanding news explaining that extreme rise of shorts. I would say, it is likely the Occam's razor rule case: bears were in loss and were waiting for the certain level of bitcoin when the correction (global falling trend) is expected to step in again. And don't forget that all those shorts are basically sell orders and even such a huge selling...
It looks as if BTC could make it this time, however there are still mixed signals. Daily has been overbought for a while now, like the last two tops, when BTC price hit exactly the MA200 line. Shorts are coming down fast, longs rising, so if BTC doesn't break through fast enough, it could go down again. I have to admit that I am undecided right now. I will just...
Shorts are still extremely high. On the 1D-chart you see we didnt have a real short squeeze yet. Also Yesterday some wallet moved 100 Million $ worth of BTC to Bitmex.
shorts/ longs crossing while serious uptrend much beware
Shorts on Finex are almost at ATH I'd recommend Bears be very careful with their shorts!!!!
The amount of shorts on Bitfinex approaches 40k. Looking back, the crowd rarely earns money that easy. When shorts are getting too obvious, the short squeeze happens. A big player needs to move the price a bit up to create a waterfall of margin calls and make the move much bigger. Since we have the record on BTCUSD shorts, I expect a significant bounce above 7000....