ToshihiroHiramatsu

ToshihiroHiramatsu

Traders are now net short according to futures exchange data. With all the FUD and Youtube videos calling for 20k Bitcoin, this is no surprise. The herd is usually wrong, so taking a contrarian approach will yield good results. This usually means we will see a short squeeze. Expect a big 10%+ move to 39k over the long weekend.

ToshihiroHiramatsu

While everyone is suddenly bullish about a "breakout", longs have increased again, outnumbering shorts 6:1 across all exchanges. Shorting this area is the unpopular but best strategy as we are in a strong downtrend.

ToshihiroHiramatsu

The market is still highly leveraged at the moment. Many people caught the recent bottom at 30k. The market makers don't want that. They will likely drive the market suddenly lower today (Sunday) or early Monday in order to complete reset the funding rate and long:short ratio.

ToshihiroHiramatsu

The 0.618 retracement lies at 35k, also confirming Schiff Pitchfork analysis. Bitcoin will likely obey the Schiff Pitchfork rule of 2=2=2 retracement.

ToshihiroHiramatsu

Bullish divergences and HTF structure confirms a break to 46.2k is imminent.After that, we expect a pullback to ~42k before heading higher. Using low leverage ~5x offers good risk:reward with appropriate position sizing.

ToshihiroHiramatsu

Short term, BCH will likely retest the 0.618 retracement area before grinding higher. Long term fundamentals remain terrible and will be shorted to the ground. Japanese blockchain enthusiasts have abandoned BCH in favor of BTC, LTC and ETH. We will likely see BCH trade sub-$600 very soon. The broadening ascending wedge is also a bearish technical pattern.

ToshihiroHiramatsu

ETH looking frothy on the higher timeframes. It will likely correct to the 0.382 Fib retracement level before targeting $4K+ region.

ToshihiroHiramatsu

Market is still in greed mode judging by a sudden surge in long positions. Japanese exchanges are planning to short the market late hours of Sunday/early hours of Monday. This is according to 2ch top trader (#12 on FTX leaderboard). This may be considered insider info, so this post may get deleted. Cumulative long positions to short positions ratio is now...

ToshihiroHiramatsu

Market is still in greed mode judging by a sudden surge in long positions. Cumulative long positions to short positions ratio is now 8:1, which is ridiculously high. The crypto market will need another sell-off to reset the ratio. HTF Anaylsis confirms breakdown to 1800 level. Good luck.

ToshihiroHiramatsu

As I correctly predicted 2 days ago that ETH will hit 2.6k, the same Japanese trader (rank now #12 on FTX leaderboard) is calling for a drop to 1.8K. If you look at the exchanges total long:short ratio, there are still too many longs compared to shorts, approximately 6:1. This ratio needs to come down to at least 2:1 before the corporations, hedge funds and...

ToshihiroHiramatsu Updated 

There has been a sharp decline in the funding rate for ETHUSDT, as well as a sharp decrease in the long:short ratio (more traders are shorting ETH now). This very much is the same pattern seen in the 2020 March COVID-19 crash. Buying the blood with moderate leverage (3x to 5x) seems like good risk:reward.