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Wow, what an interesting overnight my time. I am still catching up on the tether news so am sure will hear more info as the day/week goes on.
But lets start with charts. Sticking with 4 hour chart from yesterday as the price sat at $6225 or so. They had rejected off 4 hour 26 EMA at $6285 and I was looking for a higher low compared to $6178 or definitely above ...
quick another chance for the session of today.
Buy-Limit @ 2.767
Stop-Loss @ 2.731
Target 1 @ 2.799
Target 2 @2.818
Peace and good trades
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Any questions? PM me. :-)
What's up guys,
I will be gone for the next couple of days and won't be able to post here, but fear not, I will give you the advise you will need for while I am gone.
Firstly, we are having an excellent rally at the moment and it looks like what I said about the shorts potentially getting squeezed might be happening (read that here: ...
In the space of 2 days, Tesla dropped 5% and then regained support of a rising trend that began almost 2 years ago.
This should be a strong indicator that the 'weak hands' have been flushed out ..
Cap that with a strong rally higher in the finishing moments of wednesday.. I have a hard time imagining this won't open higher Thursday.. possibly into a short squeeze.
same idea = same result
short squeeze incoming
Good morning, traders. After that shakeout at the end of yesterday, price has not returned to our previous accumulation zone. The question now is are we going to drop further? At first glance, that certainly appears to be the most likely course of action, doesn't it? But there are a few things you should be watching just in case it does not materialize. If you ...
This is an analysis of BTCUSD SHORTS vs BTC
Today's lesson we will attempt to understand, where Smart Money shorts, and conversely where DUMB Money shorts.
This is somewhat satire, and should be taken with a light heart. If you are in either category I'm not here to offend you, nor to compliment you.
Except, if you Short Sold the top of every rally, aka Smart ...
shorts piled a mile high still at the same price point with zero ground gained.
epic short squeeze coming.
The last time BTC shorts were this high, we saw a heavy short squeeze causing a drive in price by 2,000 within a week span. Could this be a huge sign of a bullish reversal?
Look for confluence on volume and candlesticks for a breakout today-the end of the weekend.
Let me know what you think about a possible short squeeze!
This is my personal opinion, this is ...
We've recovered and showing some pretty grinding support. if it holds and breaks resistance @ 6k5, I can see it trying to make a dash for my second target which I had postponed until now.
Waiting on confirmation of the 6k5 region to be tested and beaten.
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. ...
BTCUSD update: Short squeeze erupts into a vertical move that takes prices to 6900 in a matter of minutes. This was the scenario that we were anticipating which we shared with our members a week ago. The swing trade that we called at 6189 was taken out at 6824 which was our predetermined target. As price continues to stabilize, we are on the look out for the next ...
Previous highs become support for the SHORTS.. 3 times from now..
Will the ETF decision create a new all time high? It's more likely that the ETF will not be approved and this could mean we will see a new all time high on the shorts graph.
When we get a approval we will see a huge jump in the BTC price and the shorts will probably squeeze towards the bottom of ...
shorts keep piling on even though there is zero price decline.
it is going to get ugly for shorts
We have a quite similiar situation now like on the screen (Apr'18)
Shorts continued to accumulate even after BTC tested yearly support. The Volume Profile since August 4th (which is the date shorts really began to pick up) shows the best picture. There is a massive gap from 6600 to 7000, if 6600 is broken on strong buying volume we will see a short squeeze that will quickly engulf stops. For this to be a successful short squeeze ...
what is really the point of giving fake selling liquidity to those who didn't even pay for the privilege of owning bitcoin?
how much leverage is too much?
regardless, it looks like a tough spot to get out of.
BTC has been showing bottom type behavior for the last few days. The $6k level is holding and shorts are building up. Looking at Heikin Ashi we can also see two dojis as well as signs of bullish reversal. The price might still drop a little but there is much bigger potential for a move up now with a short squeeze and when it does trigger, the price will jump very ...