begin rant. A lot of people have been posting really crappy charts lately, calls for BTC 20k, REALLY crappy Inverse Head and Shoulders patterns saying BTC is going to move and charts with no substance for a move to the upside other than fairy dust and pixies. I like looking at these charts to know what the NOOBS are thinking and how bad their charts are. If you...
Bitcoin margin traders have been the primary cause of volatility, it would seem. What I see here is that for the most part, bears have much less impact on the market than the bulls (I would have thought the reverse!). True, a big bear paw helped knock BTC off the high horse, but the next day bulls started a path of self-destruction. This battle played out for a...
A short squeeze is a big risk associated with short selling. If the price starts to rise rapidly, the trend may continue to escalate because the short sellers will likely want out Two measures useful in identifying the commodity at risk of a short squeeze are (a) short interest and (b) short-interest ratio. Short interest refers to the total number of shares sold...
BTC/USD is currently trading inside a pitchfork and forming an ascending triangle, which might pop and go through $9000 resistance, up to $9200 to $9300 range. On the other hand, it's showing a decreasing RSI, which might play out as a bearish divergence. Also note how the amount of longs is declining and the amount of shorts is flat line.
BTCUSDSHORTS is an index of the number of leveraged shorts for BTC on the exchange. This peaked recently at 40k and dropped very fast when BTC rallied from 6.8k to 8k. The reason the price rallies so hard in a short squeeze is because leveraged shorts have to cover - essentially market buying the underlying - forcing the price up faster than expected....
100 MA has just slapped BTC right in the teeth as it cracked the top of the pennant. Will it make it to the 200 MA? It's also converging with the Gann fan 1/1 S&R line set at the pinnacle of BTC price. The MACD has also crossed on the 1 hour, heading for a 4 hour cross. It's gonna be brutal. 20/50/100/200 MAs. Right now BTC is meeting Mr. 100 and not far to...
BITFINEX:BTCUSDLONGS BITFINEX:BTCUSDSHORTS BITFINEX:BTCUSD I think this is the funniest TA i have ever made.. lets see the result at the end of april. LONGS (white): on support + over shorts. SHORTS (turquoise): rising wedge w/ longs support. USD (orange): strong support. CIRCLES (yellow): long/short with long support touch.
Sorry guys, no moon yet. We're heading to the bottom at 4700. First price will break the main support (yellow arrow). It will then retrace (blue arrow). Finally going down deep into mount doom at 4700.
Perfectly caught bottoms
Could this be the beginning of the next BTCUSDShorts Bull Run? Short term bearish action seems likely but recent events have taught important lessons. Amateur bears rekt. Professionals will still try to gain control. Meanwhile, bulls prepare for the next ambush.