Corrections will be very shallow. Prepare for upcoming move to 52k. May not even reach 46.8k on correction. Remember, BTC price action is irrational. For example, look at May~July 2019. I see the same pattern here. Many are expecting some sort of deep correction based on 'it surely can't keep going up'. But the majority feel this way. "Markets can stay...
Binance futures platform statistics shows very high short interest in BTC today, which means BTC will likely rise higher to test 47.8k level order block. Good entry level is 42.9k. Low-moderate leverage.
BTC just shifted to a bullish momentum with daily engulfing candle, break of HTF trendline and W formation. Also there are a high number of shorts if you check the Binance futures trading platform statistics. This means we will likely see a huge short squeeze to retest next supply zone which is at $46,700.
Most retail traders have added more to their short positions according to order flow analysis. Expecting $80+ for WTI oil very soon. Very easy contrarian trade.
Massive amount of short volume from Binance futures platform suggests many traders are about to lose a lot of money. According to Kingfisher IO, most of these traders have stops above $40. I can see massive short squeeze incoming, and LUNA will trade above $40 in the next few hours/days. I am long with low leverage.
FTM is the highest shorted coin on Binance futures platform according to Sierra charts. Given the high short interest, I expect higher price targets very soon (targets detailed on chart). Low leverage (3x-5x) recommended.
Very high short volume on Binance and FTX on order flow analysis SOL will likely move up while other coins will consolidate/stagnate. Order flow analysis on Sierra chart shows massive number of shorts added. This will fuel a massive short squeeze.
The smart money usually uses supply/demand zones to take profit/buy respectively. The next supply zone is the $52,000 area. The smart money will likely unload some profits there. Until then, BTCUSD is bullish given the high number of shorts and bullish on-chain analytics.
The smart money usually uses supply/demand zones to take profit/buy respectively. The next supply zone is the $52,000 area. The smart money will likely unload some profits there. Until then, BTCUSD is bullish given the high number of shorts and bullish on-chain analytics.
You can see record number of traders have entered short on LUNAUSDT at $42 level. This will create massive short squeeze to next Fib extension target of $48.
If you analyse the short/long volume on Binance and Bybit (highest volume futures exchanges), there are too many shorts and they need to be liquidated by the market makers. The market makers will drive the price UP to approximately $53K before any significant corrections. Many shorts will be liquidated. Record short volume by inexperienced. Binance and Bybit traders.
Short term SFP target on BTCUSDT is $53k USD. Many shorts will be liquidated. Record short volume by inexperienced. Binance and Bybit traders.
There has been a rapid rise in longs on BTCUSDT. The market makers will likely eliminate high leveraged longs in this area by taking out 45.7k. It will then resume the uptrend. Low risk trade.
It's time for BQX #Voyager to go for a parabolic rise again, which it usually does after a long downtrend. Regression analysis targets the $30 level. Major news releases, US institutional money, and VLP fundamental thesis for sustaining this uptrend at least in the medium term.
AXS is at a very negative funding rate on Binance again. Looks like shorts are about to get absolutely rekt. Use a low leverage long (3x to 5x), take profit $68. Very high probability trade.
This is a low risk play to 52k. Use low-ish leverage between 3x to 10x. 0.618 retracement will very likely be hit in the next coming days just like what happened in the October 2019 pump.
Long BTC - will reach $37,000 within 1 week. Short squeeze incoming. Record number of bottom shorters = price will rise exponentially like in 2019 mini bull run.
Long ETH - will reach $2200 within 1 week. Short squeeze incoming. Record number of bottom shorters = price will rise exponentially like in 2019 mini bull run.