Hi,
a quick update, since BTC is doint it's boring thing again.
However, interestingly, we have now a similar situation as in early April. The shorts are rising more and more, and will soon be higher than the longs.
In this case, I think we'll see a nice short squeeze, as in April.
I'll keep a close eye on the long/short ratio at Bitfinex. The indicators are ...
Shorts are ramping up again and a squeeze could be in order. Keep in mind this is a counter trend trade so don't expect this to go beyond previous highs.
What I would suggest is look for an entry in the 397 to 414 range and aim for 580 as profit target.
This is a high risk trade.
Other indicators are also looking ready for a squeeze, it could take another 1 to 3 ...
SGYP seems to be setting up for a big big move. The Squeeze Momentum Indicator has been forming a triangle which is now about to close and the crosses in the indicator have been black for some time meaning that a release of the squeeze should be about to manifest. My guess is that spike will be to the upside, and it could go as high as 3.60$ (90%+ appreciation), ...
With a massive squeeze on 4 timeframes (4hr/6hr/1D and 1W), XLF is poised to make a big move (In the chart, blue candles are all TF squeeze candles).
Squeeze release is usually accompanied by a fakeout, so need to be careful there, but based on other momentum indications, good chance of this breaking up. Breaking up that RSI resistance will be a good ...
Shorters are too greedy in EOS. EOS dropped 30% in the last 24h and too many traders are still thinking it's an easy trade to short EOS. But they forget to watch EOSUSD SHORTS chart. This chart says that EOS shorts are still builing up, but shorters are not able to push the price lower anymore. That's the same situation that happened to BTC on 12th april 2018. ...
BITFINEX:LTCUSDSHORTS
Litecoin Short Squeeze incoming or further into over bought conditions?
Analysis: Double top in progress with TD Sequential passing a 9.
Level to watch: 136,000
Prediction: Shorts about to get wrecked.
Hello!
In this chart I'd like to show that you can find nice fractals everywhere, because fundamentally markets are driven by human mass psychology and since this mass psychology doesn't change, the patterns also repeat.
But are they always to be trusted? No. One has to look at a lot of different factors and check if the situation now is similar to the situation ...
Looks like 0x ZRX is going to pop out of the triangle in the coming days. Looking for it to bounce up and test .000215 sats, then retrace down to .000195 range before continuing past resistance.
20 day EMA looking positive still for the run.
**Full Disclosure**
I'm not a pro trader, just going off of what I've been learning the past few months. Definitely not ...
Interesting looking chart with rising volume the last few days.
Might be shorts covering - short interest is high with 20% and might go in squeeze mode since it´s a small cap with relatively low liquidity.
Round bottom looks nice as well as the double bottom (almost.. more if you think of aa supportzone than the previous low)
SHAK had a breakout on strong volume two days ago and looks like it could leg up from here.
Yesterday the consolidation zone was retestet - close today will be interesting.
High short interest of 40%+
As we take a break and some time to breathe after this relentless bear market, I would like to show some general levels to be on the watch for on the daily:
The general trend line support (orange support line) is not a level I take too seriously. With every new low we get, a lot of people just move it down and down and down. I see it as a general level I watch ...
Alright it has been a long 24 hours or 48 hours..... shit i can't remember. I haven't slept in awhile and I need more coffee. Since my previous wedge was broken due to market manipulation...*GASPS and DISBELIEF*. I have been watching closely to see what BTC is going to do; and making a tidy profit on Bitmex riding the wave of manipulation. It looks like we are ...
The continuing short squeeze across the oil complexes is shown
quite graphically on the chart. The reverse head and shoulders
here points to a minimum upside target on Brent at 90.61 so
we can probably expect more of the same in the future. Near
term resistance lies at 81.27, then 83.30 and then a little
further out in time there should be a bigger jump
in ...
