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Bearsqueeze

Bitcoin "boiling" to make another leg up!?Hey traders!! Couple days ago I posted my idea of bitcoin re-testing $8600-8400 zone before heading towards 12k. I'm changing my mind for the time being.. I'll share bunch of thoughts that are going through my mind right now.. What if market wants "orange box shorts" to suffer and liquidate more people? What if we are going after traders who opened shorts in 11-12k region and didn't close their positions expecting for $6000? Do you think it's a coinsidence that we didn't fill that gap at 8700-8800$ on cme futures? What do you think about cme futures gap at 11800$? :) Do you know that counter-trend price action is RAPID so that most of the people could be taken by surprise?? ((Look how long it took us to get from 10k to 7.5k and vice versa.. ) I can go on and on, you get the idea.. Right now I'm looking to open longs in @$9000-$9250 region with TP @$11900-$12100 Sell loss could be placed below $8940. Do not over-leverage!.. Expect high volatility. Keep in mind.. If we're to jump towards that level soon, it will be very rapid price action.. This is not a financial advise.. Let me know what you think! Have a great weekend ahead! :)
BITSTAMP:BTCUSDLong
by Patrikas10
BULLS SQUEEZE ON EMPTY NEWS... GREAT VALUE AREA FOR SELL!!Selling all rallies on pound until further notice... Top of the Range with bulls trapping all early (myself included) bears! However we were prepared and all unknowing and late bears its our time to TRAP!! Sold at 1.2550 SL above 1.2620 TP1 1.24 and then I will see if we have a bounce there Will be tracking the official entry with confirmation of the change of trend . WIll update later Happy Hunting Happy Trapping!! BooBii
Short
by rickyboobii
POUND SHORT LOADING TIME.... THE FALL OF THE POUND... MAYBE?!If you have been following we have been tracking the pair since the 1.2290 area ... We are now at KEY resistance and HUGE resistance evidenced by the Daily chart below With Brexit looming, Pound is in a heavy bear market so staying a bull is extremely dangerous territory! The current range is from 1.1950 -1.252. We are in strong resistance territories and the only bulls here are late retail and greedy bulls. On the H4 Chart -macd is set for another favorable bear cross -stoch is coming down from overbough and showing divergence which is really good which means the bulls pushing price up are not as strong as the recent bull swing evidenced by the low stoch high -At any point we should see bulls run for cover as market movers should have switch sides and are heavily loading short -I have a key reference point at 1.2320 which is confluence of the moving averages on the daily and the origin of the last breakout candle of the recent bull rally I am already short 1.2515 with stops above 1.2570. I will enter more shorts on the break of the trendline taking TP1 profit at the crucial 1.2320 area and letting everything else run. A decisive break and retrace to this area and I will add more shorts looking to the daily crucial support around 1.2120 for TP2 . Last chance bulls will come here and depending on fundamentals it could break down if we get a proper test next week. At that point depending on price actiion I will take another trade and see if we can break the LOWS ON THE POUND!!! I don't always know what Im doing but when I do.. I'm pretty amazing! Happy Hunting Happy Trapping BooBii Make sure to like... comment ... and subscribe Any questions feel free to ask... For what I don't know... I just don't know... But what I do know I'll gladly share...
Short
by rickyboobii