There's a short squeeze brewing, all the bulls know it.
Perma Bears are still shorting. What's the big picture trade?
Well, our previous long entry at $6040 for the squeeze was viable and currently still in profits.
A hedge Short was opened at $7370
Analysis of the previous squeeze occurring on 4/7 demonstrates a possible fractal in 6 phases:
So the price of bitcoin went about 200 dollars above my target and Right now I am using the bitfinex chart because it is leading the way in terms of bullish strength, which makes sense because it also lead the way in bearish strength on the downfall. There is a possibility that if this strength persists it may be able to break out to make a higher high, above...
Hello ! Second TV Idea in the pipe, my first one did react pretty good so I thought I would do some more.
I think the chart speaks for itself. I'm making these conclusions based on my own swing trading system that I will not fully disclose here. It works with a 86.2% success rate since October 2017. The fractal could indicate that further bearish momentum is in...
Educational purposes only. Trade at your own risk.
Each dead cat bounce since our initial capitulation at $6000 back in February has caused a breakout, however what is most interesting is each bounce has reached 14-15% less than the previous high on the way down. You can't draw a straight line to connect these due to the timeframes, but it's quite obvious what...
The amount of opened short positions is skyrocketing again. From 17k on Aug 2, it more than doubled by the end of the month and almost hit the previous record of 40k+.
Combined with the recent influx of negative news, it may very well try to reach the new high in the nearest future:
SEC Quashes More Bitcoin ETF Pitches in Another Blow to...
Previous highs become support for the SHORTS.. 3 times from now..
Will the ETF decision create a new all time high? It's more likely that the ETF will not be approved and this could mean we will see a new all time high on the shorts graph.
When we get a approval we will see a huge jump in the BTC price and the shorts will probably squeeze towards the bottom of...
Did a mistake in my last idea by scaling shorts/longs in screen mode, now scaled to right axis so BTC price.
This the updated version because I cant delete last idea.
(No financial advise)
I*m a doge
*Scaled and adjusted a bit around, seems to fit my correction curve that I placed months ago*
For people who still think there will be short squeeze soon ( 21 Aug 2018 ) and the price will jump skyrocket like in April 2018, think again.
They already tried to do short squeeze when bitfinex short position was around 36k a few days back but the bull can only pump the price to around 6630$ and then slam down hard.
I think the better indicator to look for...
In this scenario, you would be going long right now and run a tight stop, but you would also be loading up your BIG short on the way up and DCA into each target zone as needed. The target on the short is in the low 5k's. This is NOT financial advice, this is just art on a chart. Good luck have fun.
BTC might form an inverted HS pattern on the 4 hr timeframe. The neckline is at 6550ish - if we break this level, it should trigger a squeeze of some of the short positions.
Also note the 14 day EMA is about to cross the 26 day EMA. This is a rare occurrence and I urge you to look at what happened the last time this happened.
RSI is testing support and MACD is...
Shorts positions (balck line) are getting extreme on Bitcoin at levels at which rallies have started previously. At least a short term bottom has been made probably.
Bitcoin price (red line) should rise in the coming days.
Remember April 2018 when everyone have no hope in crypto and a lot of ppl said it will go down to 4k?
And people just build up short position along the way and it reach the ATH at 40k short position at Bitfinex...
What happen next is... they got rekt! and price of BTC jump from 6800 to 8000 in few minutes. ( I still remember that moment, I having dinner and got...