Bitcoin has just barted up and liquidated 25x shorters. (Refer to XBTUSD)
I believe that Bitcoin cannot hold up here for long, so you can short this area.
If you want to be safe, you can wait for this pattern to develop more. I could see another small move past a previous high after positions start building on Bitmex, so make sure you are prepared. In the short...
Original chart in related ideas section
After the big pump that destroyed 4200 (I was one of the people selling at 4200 and got "rekt"), I think it is clear that Bitcoin likely bottomed at 3k. I was neutral on Bitcoin so I should have been flat, but I did not expect a massive breakout.
There is no chance of Bitcoin breaking out and entering a full on bull...
My last two ideas closed successfully. Please check them out in the related ideas section. I'm guessing most people would be long from 3500-3800, but if you are, I would urge you to hedge.
I'm planning on shorting Bitcoin here.
Hopefully we can get a major move with volume to the downside.
Thanks for viewing!
I am currently very bearish on Bitcoin, believing it should not rise past 4000 and stay up. Currently have many limit orders from 3900 and beyond, with some filled already.
Once Bitcoin moves up, it will be time to short Ethereum. Either way Ether should be moving down in the medium term. Eth has been kept up only because of its correlation with Bitcoin. Looking...
I made an awful trade last time, calling for a short of 3970. The big pump only showed signs a few hours prior, and I did not catch wind of it. Finex also recieved a deposit of 20 million USDT, so I should have placed a hedge right away, as the last few times they received a large 30-50 USDT deposit, price usually pumps ~10%.
Most my trades are scalping the...
I was a bit late on this one, because I was convinced we would get a big wick into the 4k area.
But I might as well post this now.
It looks like consolidation before a move down. I mentioned it already on social media. Short term we will go up from here, but I don't expect a major move upwards.
When was the last time retail got to make money like this? I would...
I called for this move upwards in my previous idea as well as the move down pre pump. Please check it out in the related ideas section.
While I do think that this could go higher, keep in mind this will probably retrace at some point.
For now, if you do close your long, there will almost certainly be another chance to buy back in at a lower price. There will...
Check out the ideas where I called the Bitcoin top and bottom in the related ideas section.
Currently price is being supported by heavy buy walls, and we on the 200 week moving average, which should be defended. At the very least, the weekly candle should not close below.
It seems like whales want to save Bitcoin, and there is accumulation going on.
In my last idea I called for a bearish long term move, which happened, and the short term bullish move reached my targets. The natural staircase down coincides with the lack of USDT movement, and now that wallets are active again, expect the market to move in huge fast bart patterns.
I currently do not hold anything other than a 1x short, but I am confident...
After a long period of consolidation, Bitcoin has finally moved to test support again.
Longs rapidly dropped while shorts rose, which is a pretty bullish sign. The mass entry of longs now is pretty unexpected but I believe it is still bullish. At the previous Bitcoin bottom near 3.2k, there was a massive long accumulation also. Don't be conditioned to thing that...
I have called the previous Tron bottom three months ago. Check that out in the related ideas section.
As you may know, I have been a permabull on Tron for very long. It is because I own Tron myself, and I am biased, but not without reason.
Tron is a good buy and hold.
1. Tron team has cash to last at least until 2021. There was over a billion USD worth of Tron...
Previous ETH short is now up 15% profit. Check that out in the related ideas section. I have also called the previous 8% Bitcoin pump.
Bitcoin looks like it will hold current support. Finex wall tested and proven to be real. Currently bounced off that. Bitstamp has turned bullish again.
Thanks for viewing! My indicator works pretty well so far.
My first neutral idea.
ETHBTC looks like it may need a significant correction soon, so this lowers the gain ETHUSD will likely have if BTC pumps. So you should be better off with a BTC long if you are bullish instead. There is also a bearish rising wedge pattern on the chart. The ETHBTC rising wedge has already broken down.
ETH does have a 0.99 correlation with...
Watching exchange USDT wallets.
If the head and shoulders is to play out, Bitcoin should be moving up soon, hopefully around 10%, which perfectly matches with the 30 million USDT sent to Binance.
10% is also enough to liquidate the 10x shorters, so in theory this should lead to a pump at some point.
There has been a large liq already, so I believe it should be...
Binance tried to pump price up, but didn't really get it too far.
Looks like too much supply in this range.
Starting to look like a short.
Thanks for viewing! Check out previous ideas in the related section.
The last trade I longed ETH and ETHBTC for over 10% return. ETH actually had a 19% pump, verifying my prediction that an ETHUSD long would be better than a BTC one. Check out that idea in the related section.
Now that it has hit resistance, I will be shorting. I believe Bitcoin will break down to test 3700, so an ETHUSD short will outperform a BTCUSD one.
People might not believe in the head and shoulders pattern, thinking it would be a "trick" for you to buy and get rekt.
However, looking at USDT balances of Binance and other exchanges such as Houbi, I can see they are refilling again.
Therefore, there is a good chance there will be a pump for BTC in the next few days. If this falls through, you probably aren't...