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It seems that right now we find ourselves in a BB Squeeze. This means that soon we will find out the direction of the next big move. People tend to be reserved right now and want to see confirmation of a move. I am going to exploit this using a good Risk Reward ratio and enter a long.
The sell is located at the old stable price, forming a logical resistance...
$IBGR appeared poised to move towards 10 cents a few months back, however the company took a good step back and replaced some bad-eggs..
With 140M OS, Market Cap under $2MM and 1 App already announced for September release (Real Estate App - "Address"), it appears the trend has reversed and it's time to accumulate ahead of the move towards 10 cents.
Litecoin is currently trading between 2 support and resistance zones, roughly between 88 and 108. The top of today’s candle touched the 100 EMA but the fast 21 HMA has started to turn up. Also, the fast squeeze indicator has turned green and the slow squeeze has turned dark red, a sign of a potential upward move.
We’ll see if price can break and stay above $100...
BTC is building a triangle around $10k. It was avoiding it and now it looks like it's going to build a point of control on top of it.
This will likely end up making a triangle pattern which squeezes down to a point then breaks out from the triangle.
This will turn the squeeze pattern into a megaphone pattern which is difficult to trade but still has potential...
No confirmation of breakout so until that happens, silver could still continue on signficant downtrend. Once silver breaks out, I would expect a rapid increase to catch up with gold and massive silver COMEX shorts.
I will problably at this point be forced to be short squeezed I do see bitcoin at $300,000 in the long term and I just have to make 100% sure I don't miss this run... I was going to buy back in at 4500 when I sold at 5300 range.... however I didn't get it I thought at the most it would push up to 5700-6500 and that would be the top before a correction because...
As the price of Bitcoin continues to grind higher the Bitcoin Shorts are also climbing higher and may soon reach into the all time highs again. Somebody is seriously wrong, who is it? Me? You? Us? Them? Stay tuned...….
Below is a look at the current short positions.
I see a very nice opportunity for AUDJPY.
The bottom indicator is a Squeeze Indicator that shows in form of compensating waves the price direction.
IMO a very nice entry oportunity showed up at 78.00. With a SL around 77.80, my aim for the 10 May or hopefully earlier is a hit at 79.30 for a nice 130 pips grinding :)
I believe Bitcoin has topped from this move, you can clearly see we have reversed of the daily 9 (as pointed out by Tone Vays, through who I discovered this indicator from), and the RSI has given us clear divergence.
My only reservation from going Short right now is the spread between Long's and Short's (bottom Indicator, red line = Short's green line = Long's)....
We're squished between the mean reversion pivot and the weekly 50 MA.
I do believe the previous move was the UTAD of the accumulation range
I am expecting a downward break. Reentry of the 1050 1.25 stdev on the 1h will confirm this.
looking at the structure of the swiss, selling might not be the best option right now. with price very low into the squeeze and price in weekly demand (tested) might see a stronger swiss over the next bit on the higher time frames. its important to know who is taking the opposite side your your trade.