In our last Bitcoin update we talked about how Bitcoins flash crash can be considered a positive signal for Bitcoin long term. We saw the drop coming, it is easy to call a retrace when momentum is lacking, volume starts to decline and we are facing very strong resistance... So this is no big deal, but nobody expected the drop to be this fast, so why is this...
Fractals, trendlines + indicators showing good potential for growth. EXTRA: BTC nearing ATH shorts again.
Whats happening here? After the slow squeeze these last tzwo weeks shorts are up again 50% in a day. Somthing is in the making. I reckon we will get a massive move the next days. Buckle up!
All in the graph. for peoples missunderstand this. just meaning SHORTS are weakers and we start to be bullish for now. by the way., don't look the timeframe, for future price anyone know where the price gonna be pushed and when. Happy Tr4Ding !
What's up my favorite people, That spike in shorts occurred at a price of $72-7300. They are all underwater and fast sinking. Be careful if you are short. I understand that the price is high relative to recent figures, do you understand that it is incredibly low relative to what it will be in a decade? You must be careful shorting bitcoin because of this fact....
Those days we had a nice series of higher low and after the double bottom price nicely raised of +20% anyway we are into a bearish rising wedge and approaching to the tight section so the breakout is imminent Moreover the breakout could happen near the top of the main downtrend channel, the bearish trend we are into from months. In this setup I'm noticing few...
There is no outstanding news explaining that extreme rise of shorts. I would say, it is likely the Occam's razor rule case: bears were in loss and were waiting for the certain level of bitcoin when the correction (global falling trend) is expected to step in again. And don't forget that all those shorts are basically sell orders and even such a huge selling...
It looks as if BTC could make it this time, however there are still mixed signals. Daily has been overbought for a while now, like the last two tops, when BTC price hit exactly the MA200 line. Shorts are coming down fast, longs rising, so if BTC doesn't break through fast enough, it could go down again. I have to admit that I am undecided right now. I will just...
Shorts are still extremely high. On the 1D-chart you see we didnt have a real short squeeze yet. Also Yesterday some wallet moved 100 Million $ worth of BTC to Bitmex.
shorts/ longs crossing while serious uptrend much beware
Shorts on Finex are almost at ATH I'd recommend Bears be very careful with their shorts!!!!
The amount of shorts on Bitfinex approaches 40k. Looking back, the crowd rarely earns money that easy. When shorts are getting too obvious, the short squeeze happens. A big player needs to move the price a bit up to create a waterfall of margin calls and make the move much bigger. Since we have the record on BTCUSD shorts, I expect a significant bounce above 7000....
Did a mistake in my last idea by scaling shorts/longs in screen mode, now scaled to right axis so BTC price. This the updated version because I cant delete last idea. (No financial advise) I*m a doge *Scaled and adjusted a bit around, seems to fit my correction curve that I placed months ago*
Hi guys! hope you guys are ok in such manipulated market, where, classical supports, classic pullbacks, runs do not function, only some power games between exchanges and whales go on how they want the market to be. i personally have been shocked, seeing what happened yesterday. a boom shot to 6.8k, a massive killer downturn to 6.2k! it collapsed down from it's...
Circles tell you everything... Uprise highly possible...
BTCUSDShorts are still too high, so I think we must move higher from this range before we can go lower. However, there the shorts aren't at ATH, and there is still a lot of certainty out there that we are moving lower, so I expect one more push down to really get as many bottom shorts into the mix as possible, and as few longs as possible, so that when it does...
Historically we have now seen TWICE how dangerous this level of shorts can be, yet we are already almost back to yesterdays levels and the MACD is only just curling back up and crossing on the 240. Im thinking that yesterdays conveniently timed squeeze during the Bitmex Maintenance was just a taste and that another huge spike is yet come to show them what a real...