This chart should speak for itself in every way!
Congrats hodlers and longs, once again, for ignoring all the noise.
The weekly MACD cross will be huge unless rejection happens!
DXY is WEAK as much as they will deny!
US oil is weak as much as they hide it!
The world has never seen what is coming up; protect your BTC, and be greedy when others are fearful!
You see how manipulative the markets have been with 1 twitt, forget about elections outcome. 2 key events:
1. 20% tax period starting towards end of March
2. FED to keep rates to 0% till 2023, what else do you need?
Although valuations are to the sky short is out of the table at the moment, maybe towards end of 21-22,with rates at 0% where do you think all these...
looking at SPX500 and the climb as expected we will probably see another sell-off here and at least a retest of the previous trendline to the downside.
Orderbook showing loads of sell-pressure (probably profit-saves by bulls) which makes sense ahead the debate and NFP`s ahead.
I expect that bulls will save their positions before the...
The Photocure share price has been increasing steadily even in the face of short sellers thas has been adding to their positions in Photocure stock for three weeks straight.
With the stock now trading above the last top, longs will be hoping to see a short squeeze effect in the the price development.
Recent 50SMA / 200SMA golden cross.
Top 20 ownership...
It is my current belief that the current upwards price action is caused, not by bullish momentum, but by a temporary short squeeze. With other global markets rallying, it was inevitable that BTC would follow suit. If global markets fail to continue rising, BTC will mirror this.
If bitcoin was truly breaking out to start the next great bull cycle, there would be...
Awesome looking short squeeze forming. Price spiked and ignited insane short selling. Volume exceeded outstanding shares by over 12 times in one day! Not a lot of selling occurred during pullback and now, buying pressure is forcing shorts to retreat. Light panic about to change into great depression in short camp. With such a low float this pretty much can go...
My short trade has 3 parts to it: 1) technical price action 2) sentiment 3) fundamentals
TECHNICAL PRICE ACTION : As can be seen in the chart, at the end of a bullish move, we've got a final gap up which ends up forming dojis/ hammers/ or simply a big bearish candle. My point is, anything but bullish engulfings have marked the top and given a significant...
After a consolidation between 2,80 and 2,20 we are ready for a next leg up, with some catalysts in the pipeline (June 8th). A good FDA-News on monday will generate a parabolic shortsqueze scenario because of currently more than 25% short interest. PT could be between 10-15 USD.
As my followers know, I've been mostly sitting in cash and silver waiting for sanity to return to this market. Y'all bought stocks, and all I bought was popcorn, and it turns out the joke's on me.
Here's how big the gap between price and fundamentals has gotten. On June 1, GDPNow reduced its Q2 GDP forecast to -52.8%. This is down over 10% in the last week. As...
Quite a few people are short the June crude oil futures contract going into contract expiry on May 19, but it looks to me like they're getting squeezed. Several reasons this is happening:
1) Supply destruction has been unprecedented, with shale producers bankrupted and output cuts by Russia and Saudi Arabia at maximum.
2) Gasoline demand has been surprisingly...
Today we may see a perfect bull trap setup, making a new high while breaking the 61.80% fib level.
This bull trap should squeeze a lot of short positions out while comforting the bulls they're right pushing the market upward. If I'm right, both sides will get hurt by this setup.