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Victor Cobra's Crypto Market Update 7.27.21 - The Short Squeeze Hi everyone, in advance of starting a podcast, I'm still producing some video TA on here. In this video, I do Bitcoin price analysis and explain the sentiment and factors behind the recent short squeeze. I may do another video about my altcoins, but for now all eyes are on Bitcoin to (hopefully) lead the market out of the slump. As always, this is not financial advice. I am not a professional financial advisor. This is meant for speculation and entertainment. -Victor Cobra
COINBASE:BTCUSDLong
by VictorCobra
9
Bitcoin VLOG #43 - BTC loving 31k... does it love 30k also?*Hmm think the vlog was a bit loud today! Will get it better next episode This squeeze is still squeezing! More lower highs! BTC has now backed itself into such a narrowly ranged corner we are bound to experience some pump or some dump. Short term I have to admit things looking a little more bullish, I think we could experience some reprieve here. We need to see around 32.5k get broken, then after that around 33.3k and the recent high. If we can break that recent high imo we come back to mid range. But that's quite a few steps away just yet. There's a lot of bearish patterns that are completed or nearing completion, we are waiting on BTC to make a major move to give us a clue as to what it wants to do next. My own TA tells me, completion of these patterns should signal downside, sequential lower highs tell me BTC wants to go below 31k and 30k. The past few months tell me a similar thing. There is more interest for selling this supply. For this to change BTC price action needs to show me otherwise, which means breaking those marks i mentioned at the start. As I keep saying I'm deliberately holding bearish bias here but trying hard to temper it and be open to reversals and bullish signals. Only time can tell how well I'm doing this. I wont be longing BTC here as I think this is where we can see significant dumps, I will trigger some hedge longs if we hit 28.8k but THEN come back above 30k. MY PREDICTION = 32.5k failure, break below 31k possibly test 30k Shoutout to todays trading view ideas = @MMBTtrader, @VincePrince, @ArShevelev === TimeStamps === 0:00 = Welcome 0:30 = BTC 1 day 3:15 = Outside of my patterns 4:30 = 20d vs last 20d period 7:30 = upper trend line trades 8:30 = Resistance line 11:15 = BTC 1 minute 12:30 = FIBS 14:15 = BTC 1 weekly 16:30 = BTC 1 monthly 17:00 = @MMBTtrader - 30k support 17:50 = @VincePrince - Elliot wave play 18:30 = @ArShevelev - Descending wedge 19:30 = Closing words
by tommytoan11
2
Do we BUY Bitcoin right now?Update on my long-term approach for my next entry into cryptocurrency. Currently, bitcoin is playing a major left shoulder structural that most will use as a key area for support and resistance play. What I see is a new turning point being distributed on the monthly chart, with the (2week, weekly, 3day, daily charts) still bleeding red. I continue to sit on the sidelines to see where this correction plays towards. What are your thoughts on where the price will be after the correction? Take care.
BITSTAMP:BTCUSDShort
by UnknownUnicorn2319099
Bitcoin VLOG #42 - BTC squeezing + tightening!BTC is going full contortionist on us right now. These previous 4 lower highs on the 4hour chart are really starting to make things look bearish for BTC. The continuation of this pattern of decreasing highs suggests price wants to retest 30k and possibly lower. This range and general chop is just bad place to be trading, at least for myself and many others. Hard to see any trades that are better than 50/50. I still believe we are approaching volatility, its clear price is squeezing, but its taking its time. MY PREDICTION = I'm leaning probably too enthusiastically to the downside here, 32.5k next 24 hours. Shoutout to todays trading view ideas = @MarcPMarkets, @Rastinmmm, @dRends35, @ShawnMCR === TimeStamps === 0:00 = Welcome 0:30 = BTC 1 day 1:25 = Descending wedges 3:40 = Lower highs 7:35 = MY PREDICTION! 9:05 = BTC 1 week 10:00 = Bearish hammer revision 11:55 = BTC 1 month 12:35 = FIBS 14:50 = @MarcPMarkets - watch 30k and 40k 17:00 = @Rastinmmm 18:15 = @dRends35 - regression 18:30 = @ShawnMCR 19:30 = Closing words
Editors' picks
BINANCE:BTCUSD
by tommytoan11
31
Bitcoin VLOG #41 - BTC's 9000th 35k touch incomingBTC looking like it wants to touch 35k more times than a catholic priest touches... ahem! BTC has retested and bounced off the upper trend line of descending triangle multiple times now, my confidence in this pattern is beginning to waver, or it could just be I had a shitty sleep and my mood is a bit low! I have seen a descending wedge being floated by others recently, I will try and track it over the coming days and see what value it can bring. The reality right now, despite what patterns I'm seeing or what state my mood and emotions are in, we have significant series of lower highs. Broader bearish downtrend. Lots of uncertainty. Price squeezing. A big move is coming, and it could be something like a pump to 40k followed by a major dump that breaks 30k convincingly and puts us into the 20k range. Super cycle I hear you say?! I dunno man. When I've already made my money on the ride up to 60k, and we are in the middle here between 10k last year and 65k this year... do I want to bet in the middle? That's some damn high risk. I will see if I can get a VLOG in tomorrow and improve on my thoughts and TA from today, just feeling pretty shitty this morning! Apologies guys. === TimeStamps === 0:00 = Welcome 0:30 = BTC 1 day 1:00 = End the triangle? 4:30 = Pattern searching 6:50 = FIBS 7:30 = Odd 1minute candles 13:30 = Short 35k 15:30 = Reality of lower highs 19:30 = Closing words
by tommytoan11
1
Bitcoin VLOG #40 - BTC in struggle-town at 35kBTC is trying over and over to break this 35k resistance. Right now its locked in the lower half of this range. Technically, for one of my strategies, I should be in a long off of a successful retest bounce from the upper descending triangle trend line. My target on that would be 39k to 40k. My stop loss is moved up to break even since getting to 35k. MY PREDICTION = Retest again, 33k, and I'm starting to get bearish if we test lower in this range again. Shoutout to todays trading view ideas = @MMBTtrader, @VincePrince === TimeStamps === 0:00 = Welcome 0:30 = BTC 1 day 1:30 = Retest buy 2:50 = 4h Symmetrical triangle 6:45 = Gross candle warning! 7:50 = Bullish higher lows 11:30 = Weekly and monthly grossness! 14:00 = FIBS 15:25 = MY PREDICTION 16:15 = @MMBTtrader 17:15 = @VincePrince 18:15 = VET/vechain glance 19:30 = Closing words
by tommytoan11
2
Bitcoin (BTC) • It's all about volumesIn this video I do the normal routine. Talk trough the trends, volumes, some technical levels based on price, FTX and Deribit Futures, Perpetual Swaps v Spot Basis, Funding Rates, Open Interest, Liquidations, Bitfinex Long/Short Ratios and volumes on CME and BAKKT Futures forward contracts. More reasons to be bullish than to be bearish at the moment but at the end of the day... the trend is you friend. Now is time to pay attention to what is going on in the lower timeframes as it will affect the Daily and push the weekly/bi-weekly out of bearish waters. Breaking the 36-37k is particularly important.
Editors' picks
INDEX:BTCUSDLong
by D7R
104
BTC sell-off is starting?***JustChart Daily Price Action Analysis*** Observations: ⦁ Recent drop is caused by 4h candle (n-4) false breakout, exacerbated by following factors: High market volatility Overdued pullback Lower high confirmation. ⦁ 4h Support structure (34034) did not hold. Price is now facing horizontal 1D support structure and 1D upwards swing trendline. ------------------------------------------------------- What I am looking out for: ⦁ This is starting to look bearish, with double top & false breakout confirmation. I am looking for a sell confirmation, after price pullback and acknowledge it's new resistance level. (34000) ⦁ Going above resistance level (34000) seems plausible, considering it's steep sell momentum and previous bull trap. If price pullback above, I am looking at FIB retracement level (0.5) as the safe level it shouldn't cross for a sell confirmation. ------------------------------------------------------- I will be uploading a detailed video walkthrough of the above written analysis. So be sure to check it out on my YouTube channel. Stats: Gut Feel = Short Analytical Feel = Short Legend: 1D = Daily Timeframe 4h = 4-hourly Timeframe N = Current Candle N-1 = Previous Candle N-2 = Previous 2nd Candle N+1 = Next Candle N & N+1 = Current Candle + Next Candle
COINBASE:BTCUSD
by JustChart_YT