That recent price movement caused Shorts to gap up pretty large. That leaves the price area clear of resistance. Should be a much easier path up for price now.
Due to recent Forbes Crypto article on "How to Short Sell Bitcoin". Im Shorting Bitfinex Shorts #This is Analysis is for Trolling Purposes Only
I feel like this MA strategy might be an indicator of a nice bounce right now. See related idea for longs, it has some really strong hopium in it.
Back with another analysis to complement my previous BTCUSD post. Looking first at the BTCUSDLongs chart, we can see that we broke above resistance and tested for support before moving up and then back down. This move back down has shown MASSIVE bullish divergence, both on the RSI, which has formed and broken out of a falling wedge, and the MACD. The AO has also...
Good morning, traders. Remember, CME Bitcoin June Futures expire at 10 a.m. CST this morning (www.cmegroup.com), monthly close is tomorrow, and weekly close is on Sunday. So as I've mentioned in the live stream, any potential reversal that may occur could happen at any time today through Sunday. This doesn't guarantee we will see a reversal, just that there are...
Good morning, traders. Remember, CME Bitcoin June Futures expire at 10 a.m. CST this morning (www.cmegroup.com), monthly close is tomorrow, and weekly close is on Sunday. So as I've mentioned in the live stream, any potential reversal that may occur could happen at any time today through Sunday. This doesn't guarantee we will see a reversal, just that there are...
Tiny update. Currently expecting a medium pullback on the BTCUSDLONGS as they are very very overbought, but under a very steep angle.(Positive-bullish effect on the price) When it comes to the BTCUSDSHORTS ,it's quite the opposite. The 4hr chart is very oversold, and a pull up anytime soon could happen. What can be seen as the biggest outtake from this analysis...
C point maybe lower thats why this is not tradable yet. Instructions on chart. Thanks.
Long to 6400-6500 Short to 6000-5800 Long to 6800-7000 Short to 6400-...
Short to 6150 Long to 6550
Little short opportunity to 7450
Let's analyse 2 different situation and compare them with current market. First of all, The left chart is BTCUSDSHORTS, i.e., how many margined BTC are being used to SHORT BTC. The right chadrt is BTC price action. Gree situation: BTCUSDSHORTS got it's All Time High, the majority of volume was betting against BTC. The RSI of BTCUSDSHORTS was as high as 70, which...
Beware sleeping bears, this will be devastating. Time to get out of Bitcoin Shorts like there's no tomorrow.
I don't think looking at the 2hr, 4hr or 1D chart will give you that much information. The weekly chart here is extremely bullish on shorts. I don't see why we would see a significant short squeeze at the moment. There is room for short to grow and BTC to tank before that happens.
Everything is on chart.
Possible Inv. Head&Shoulders. 1- Long : 7800 2 - Short : 7000 3- Long : 8600
BTC looks real weak. I was calling for double top near 7600 exactly what we got. It can dump anytime soon. The few green candle pumps are bull traps. Mostly the rejections points that the market wants to move along with bearish diveregences on the oscillators. BTC looks like is in the wave 4 and still need to complete one more wave down for before we a good...