I think we're currently seeing a short squeeze causing Ethos to shoot over 100% in the last hour. Traders who sold in the 4000's are currently covering their positions. RSI in all time frames are very oversold. I see price going back to the 3000's in the next few days. I have checked their reddit and chatboard and there is no news that would explain this pump. ...
My original idea I published on Christmas day seems to be playing out almost perfectly...
but the amount of short interest i'm seeing has me concerned about a short squeeze
I will be sticking to my original idea with a slight stop loss adjustment
Hope this idea will inspire some of you !
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First, please excuse my English as I normally speak German (Switzerland).
I expected Btc to move higher last Wednesday/Thursday Night, but instead of that it took two hard beats without real bonces. It looked like the first down move again was an unnatural move which could be triggered because of:
Whales filled their shorts in the days before and began to sell ...
Based on this chart (using fib retracements) and current short float (26% - according to shortsqueeze.com), I have notated possible targets for the next day or two. Could go as high as $18 on a parabolic short squeeze to fill the most recent gap.
Litecoin is about to explode higher. Most of the Coinbase coins will likely follow Bitcoin through the next resistance level, but beaten-down Litecoin and BCH(ABC) are set to gain the most. Both could double in a matter of weeks. Just buy every dip until proven wrong as crypto squeezes higher. I'm even buying XRP and XMR here lol
The momentum is strong it seems and resistance around $3800 will likely not hold. I expect the price move above the 30 and 50 EMA on the 12 hour to carry us all the way to $4300. We also just had a bullish cross of the 7 EMA over the 30 EMA on the 12 hour.
HODL today, buy Lambo next year. Want moon? You have to be bold/patient (is a virtue) when everyone else is fearful. If you are waiting here, you will never get that $3,000 that everyone so desperately wants. Here comes the short squeeze...
Merry Christmas to all you good boys and girls. The greedy will get coal in their stockings.
BITFINEX:BTCUSD has seen quite the draw down from it's ATH. The short side also recently reached an ATH, as it's been easy money over and over for an extended period.
I see this as a possible scenario for BITFINEX:BTCUSD to catch complacent and comfortable shorters.
Like and Share your thoughts, I'd love to hear and see what you think.
Not financial advice, ...
From a TA point of view this could happen and my triggers FOMO before "D" will show that it's just a bigger version of that kind of pattern which we've seen now for some time.
From a real world point of view it wont happen esp. on that time horizon.
Lets give that idea 10% - 20% chance to fulfill.
To underline the ...
With USDBTC shorts nearing levels that are typically followed by a short squeeze, the likelihood that BTC will make new lows in the next few days is dropping. I will look to enter a short position after we see overbought conditions on the Stochastic RSI assuming that we see such a relief rally.
**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 ...
Final three drives pattern can take us to some pretty sweet profits.
Here's a comparison to the April short Squeeze. Notice the level and intensity of shorts and longs. Bollinger similar, and our wedge pattern finally formed, giving us some support to rely on, and a solid point of breakout. This ascending three drives pattern generally gives us more shorts while ...
Bitcoin is in a bear market. That is a FACT. However, there are still different ways on how Bitcoin's next move can play out.
In just a bit over 10 days, Bitcoin has broken it's major support level and headed all the way to less than 4000$. Although this might seem like a tempting place to buy for "cheap" and go long, we must remain calm and see what the charts ...
I did this analysis focusing on SHORT and LONG demand, trying to see the chart from a whale's perspective, trying to predict a SHORT SQUEEZE that might happen if both shorts and longs keep increasing at the same time.
As you can see from the chart I added the #BFXLS Indicator to check how SHORTs and LONGs are interacting with each other. They usually go in ...