Stand still while we fall.
A quick short squeeze and we get back to the bear trend... are we going to see 1850-2000EUR before 2019?!
As usual keep in mind that I don't know what I am doing there.
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.
Your's Truly,
-racethehair
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,...
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
What's wrong with TA on open interest?
BTCUSDSHORTS is showing a rising wedge, which signifies a likely breakdown, along with the TD9 Sell on the 12hr I'd say shorting now is a risky bet.
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 idea:
- Downtrendline
- Nearly perfect...
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.
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...
**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...
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...
I've been playing the AMD run up from $20 to $32 with Call options, Shorted $32 because if you look at the weekly, its a trendline from the 1990s, and closed my Puts around $16 because it was a fib level. This chart plays like a cryptocurrency except that it's easier.
Out of curiosity I looked at a few "short interest" indicators and lo and behold, most of the...
Hey tradomaniacs,
quick another chance for the session of today.
Type: Day-Swingtrade
Buy-Limit @ 2.767
Stop-Loss @ 2.731
Target 1 @ 2.799
Target 2 @2.818
Peace and good trades
Irasor
Trading2ez
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Hello Crypto Family
Just after I started to post some TA, BTC started to drop. I've used these couple of months to develop some indicators to help us read the market a bit better which I would love to share with you. We shouldn't expect 100% accuracy ;)
Since August many altcoins have started a little uptrend. Whales seem to buy into alts before pumping BTC,...
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...
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.
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...
