This shorting idea is a continuation of my previous post, you may check it below.
imgur.com/a/4wmKbwB
www.binance.com/en/f...es/funding-history/3
Before that 8% pump that happened in 15 minutes. People on binance were panicking that it will go down more, so they shorted too much. Now what? Well binance l/s charts talking for itself - everybody is long again. l/s increased almost 65% over the past day. This is insane!!!
Bitfinex longs decided to long because this is the time to rocket really, rally fast. (Long and short mass in the uptrend - bearish)
70 mil liquidations on bitmex. 65 million contracts out of the market
As you understood, this wick made an incredible damage to shorts, and made everybody bullish again.
WYCKOFF
If OI goes up once once we dump, there will be more downside. Play safe. I will trade it once we break. Maybe enter with small position
imgur.com/a/4wmKbwB
www.binance.com/en/f...es/funding-history/3
Before that 8% pump that happened in 15 minutes. People on binance were panicking that it will go down more, so they shorted too much. Now what? Well binance l/s charts talking for itself - everybody is long again. l/s increased almost 65% over the past day. This is insane!!!
Bitfinex longs decided to long because this is the time to rocket really, rally fast. (Long and short mass in the uptrend - bearish)
70 mil liquidations on bitmex. 65 million contracts out of the market
As you understood, this wick made an incredible damage to shorts, and made everybody bullish again.
WYCKOFF
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shorting ETH may be even better idea
Trade active:
7515
Stoploss - 7%
Stoploss - 7%
Trade closed manually
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closed short at 0.5% loss Will wait for confirmation. This kind of price action may drive the price anywhere
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"What if i am wrong?"
1. Mining capitulation signal.
2. Dump and run pattern
1. Mining capitulation signal.
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This wick eat all asks. There are 2 times less sellers than buyers
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tradinglite.com/ --- beter visualization of bitmex and binance orders
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On binance there is a clear resistance with a large seller around 7700
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My opinion, if you break it, the price will go up even more
Trade active:
Long. Entry 7700
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stop loss 7%
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i do not care where the are you going BTC, just pls break
Order cancelled
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wowowow waiting for break out
maybe i was drunk or something. I didnt trade that
maybe i was drunk or something. I didnt trade that
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it doesnt take a lot of volume to go up now
