If the previous bearmarket has the same sentiment strengths then we may expect incoming selloffs and more volume pressure. This process may take longer in current bearmarket because the market cap is larger. But the market is still illiquid compared to major stockmarkets. There are too many bearflags and little bull flags on short term. After the volume has...
Bulls need to retrace, consolidate, accumulate and finally push through 7200 dollar with volume. Bears are exhausted until next fibonacci time zone and release pressure fase are beginning in the next cycle.
The reference of short squeeze would be the state of some variables before 2018-04-12 and just after the pump of shorts 2018-03-28.
Short squeeze may happen if:
Squeeze Momentum Indicator shows a pumping fase is just about to go into a release of squeeze: a (dark) green followed by dark green.
Squeeze Momentum Indicator has high levels near 5225 or above.
Correlation does not imply causation. However, the dollar is causal related to both observables: BTC/USD & DXY by definition. It is unlikey that those observables are not related when the dollar causes the money flow between these 2 spaces in which they operate by definition. BTC/USD & DXY can be causal related whilst exceptions may occur.
We may consider 2 possibilities
A: Pump pressure, trend movement (>45 degrees + high volume + breakout) may lead to escape from bearish area. Long positions have medium riskreward (strong bearmarket)
B: Head & Shoulders and dump pressure may lead to lower lows. Short positions have good riskreward for Bearish route.
As long the volume is not increasing and...
BTC/USD shows the strength of Bitcoin against the dollar. Fib Time Zone may provide interesting price development and reversals in BTC-market cycles.
The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. (DXY) originally was developed by the U.S. Federal Reserve in 1973 to provide an external bilateral trade-weighted...
We had 2 double tops and the resistance of the ichimoku cloud seems to be very hard. Several bearflags were occurring in the last week. The wave up may end in higher low. It may continue or restart next week, but in short term the choppiness can lead to sideway price actions and the growth of short positions are more likely to happen.
What resistance and campaign can handle the predatorial behaviour of Wallstreet?
If the growth of new retailers or the demand of retailers keep slowing down then Bitcoin may expect lower lows. There is clearly a negative gradiënt and momentum which cannot be halted and reversed within 1 week.
Elliott Impuls Waves
Elliott Correction Waves
Ichimoku Cloud Breach
Resistance & Support zones
The bull trap can only be avoided if the 50% fibonacci is reached with a 5th Impulse wave at best. This means a RSI divergence can be found for a correction wave near the previous retracements. Bitcoin needs more liquidity to...
Follow wallet bullish movements: bitinfocharts.com . At least 2K Bitcoins were moved to Bitfinex on 2018-02-22 02:57:44 while the price went up.
SMA volume is growing for 2nd attempt to break the resistance. At least 2K Bitcoins will be placed in a sell order near next resistance level.
After 23th of Februari the bull market crossover will pass, breaking through the Ichimoku depression cloud with
Elliot Impulse and increasing SMA volume.
Betweem 2018-03-07 and 2018-03-23 new ATH's will be reached.
After 2018-03-23 you have to prepare your balls for corrections until the begin of May. Don't worry.At the end of the day the parabolic force will...
More confirmations: buy presure is increasing like on 2017-09-15, Pitchfork correction, High ADX, Elliot Wave, contraction. The long term parabolic trend is still intact. There are no strong signs that the trend will be broken any soon as long the ADX is on average above 50.