Bitcoin Cash (BCH) Short squeeze occured, can move down now.
Updated
I successfully called the BCH bounce and short squeeze in the last idea. Please view for yourself.
Right now after the short squeeze, price is free to move down. Be careful about buying BCHZ18 on Bitmex. You could be burned. Do not leave any positions overnight unless you are fine with a 10% drop.
I am not going to have an actual short position but it is a nice environment for scalping.
Thanks for viewing!
This is the short squeeze. Notice how people are closing positions on Finex right now as BCH is pumping on Finex due to the pumping of BCHSV.
This chart is the BCHZ18 chart on BitMex.
Right now after the short squeeze, price is free to move down. Be careful about buying BCHZ18 on Bitmex. You could be burned. Do not leave any positions overnight unless you are fine with a 10% drop.
I am not going to have an actual short position but it is a nice environment for scalping.
Thanks for viewing!
This is the short squeeze. Notice how people are closing positions on Finex right now as BCH is pumping on Finex due to the pumping of BCHSV.
This chart is the BCHZ18 chart on BitMex.
Comment
This is what it looks like on Finex.
Comment
WOW
Comment
That was the dump driven by liqs. Now it should slowly go back to its actual value.Comment
Done.
Comment
Reshort it above 600Trade closed: target reached
If you shorted BCH above 600 (max was 608), you would have been exposed to 20% downside.Currently DO NOT have an open position on bitmex for BCHZ18 unless you are able to babysit the position for the next 48 hours.
Jihan apparently has 70,000 new antminers to back him up.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.