Get started

BTCUSDSHORTS

Short squeeze to $4240 or $4520**I was just about to click publish when the short squeeze beat me to it. This was the analysis: Bitcoin sentiment and the weekly chart is bearish, however, Bitfinex shorts are rising and have fallen out of and retested a rising wedge which means we might have a short squeeze from here in the short term and a bounce to retest that pennant as resistance at around $4240. The larger trendline resistance since $6k is now holding as support and we also have bullish divergence on the 4H money flow indicator (which includes both price and volume) so looking for a bounce since stochastic is also oversold. I think btcusd will be testing new lows if we drop from $4240, which coincides with EMA50 as resistance but if we do manage to find support above $4240, I don't think we'll get a close above $4520, which coincides with our EMA100 resistance unless buying volume returns. You'll notice that buying volume has been gradually dropping after every bearish volume spike. We may find support at around $4150 if we do get to $4500 but better to see what happens closer to then. This is the btcusdshorts rising wedge I was referring to: Good luck and happy trading! previous post:
BITFINEX:BTCUSDLong
by Corn_Reaper
2
Bitcoin - The Final Shoe DropsWe look to be setting up for one last drop on Bitcoin. Currently opening shorts up around the top of the smaller pennant around $3740. With plans to add to my short if we somehow break that and push towards the top of the larger pennant in play. Looking to see the support zone break below $3450 with targets in the $2900-3100 range to close our shorts and flip long. There's a small chance we bart up, so don't go too crazy with leverage on the short, make sure to have stops in place if we break out of the larger pennant and hopefully our next update will be discussing the break upwards from $2900-3100.
COINBASE:BTCUSDShort
by astronautdotgg
elliott wave on shortsmay be doing TA on shorts for some of you guys is non-sense but to me is a very very good indicator of general sentiment direction. to be a profitable trader you should know the stream and swim on the river in opposite direction unless you will lose. so this the stream we are in bull market at BTCUSDSHORTS so we are still heading lower in BTCUSD. general trend analysis is working very well on shorts. it seems we are completing wave 4 and entering wave 5 take look at chart.doing a FIB Retracement tool on every green candle, if our corrections is still above the 61.8% of fib level we respect the trend. also daily rsi has room to go up but on the other hand also price daily rsi has room to go up. this is a contradiction. but we should always bear in mind that price action is more important than indicators because rsi can simple head lower again it is just representing price in other way and it is very useful on distinguishing bearish and bullish divergences. so after all strategy is so clear. we should not do anything until btc movement. if we fall below 4300 on finex with volume we should go short. if we go above 4720 on finex and set a higher high with volume we should go long. but i suggest not long in this trend because it is hard to know how much power that bears have in this very very bearish market. i suggest going long if and only if we break 5000 level with huge volume because it is a big phsycological level and also it is last big daily red candles 61.8 fib level.
BITFINEX:BTCUSDSHORTS
by farzinsabbagh
BTCUSD Shorts losing confidenceHi Guys, a couple of weeks ago we published an idea about the set up on the short interest and the chart working into a wedge that we predicted would eventually break down. I think we are seeing this today with a big move breaking down through the wedge triangle and heading to the 200 sma on the one day chart. A breach of the 200 should be a great catalyst for a reasonably big move upwards on BTC. If the 20 day sma would now move up through the 50 day sma on the BTCUSD chart on the left it could potentially be a huge indicator that this bear market has ended and the 20 day may remain up above the 50 now for the duration of the next bull run. BTC is working its wat through the numerous wedge formations (depending on timeframes etc.) It is poised now to break one after the other to the upside and has consistently made lower highs throughout the past few weeks. Now we just need to see some kind of an impulse to kick off. Likely a big move will breakdown but will be another great indication of higher prices to come.
BITSTAMP:BTCUSDLong
by graham.edwards84
BTCUSD a short outlookBitcoin shorts are at or close to an all time high, something like 62% to the short side now. datamish.com I'm wondering if most are on the short side of the trade and thinking BTCUSD is set for a downsilde? Seems to be the popular sentiment right now. The only thing is that it may catch many traders off guard if there is a sudden sentiment reversal. It also looks like we have experienced a similar technical pattern in the past and this was just before bitcoin started a massive run up. Just another perspective to consider.The chart is looking like we will soon find out.
BITFINEX:BTCUSDSHORTS
by graham.edwards84
2
The moment of reckoning is upon us for Bitcoin ShortsWe are entering into an extreme dangerous zone for shorts. Whenever BTCUSDLONGS v SHORTS gets under 1 (more shorts than longs) the chance of a major short squeeze grows rapidly. When the ratio gets to between .6 to .8 the squeeze is virtually imminent, and it is often violent. We are currently at .62, which is effectively the all time low. The reason why this occurs: 1. Retail traders are "herding" into the position (major behavioral bias). They are generally weaker hands and will close at the first sign of trouble 2. Bears run out of juice. There is nobody left to sell
BITFINEX:BTCUSDLONGSLong
by CryptoQuantamental
3
BTC Update 16.10.2018BITFINEX:BTCUSD **BTC Update 16.10.2018** **What happened yesterday with the price spike of Bitcoin was certainly not predictable by any TA on Earth.** That is what we call a Black Swan event. Something unusual that happens out of the blue and changes the picture and predictions. So as now the dust settles bit by bit, we are going back to our technical analysis and predictions on the Bitcoin (and respectively altcoin) markets. Continuing our last TA update on the Bitfinex exchange we start from the point where our analysts team spotted heavy bearish divergencies predicting a further drop to $6100 support levels. Since that didnt happen and we were shot up by Tether FUD, sending the market in fear and uncertainty, bitcoin is currently sitting at $6727 on bitfinex, with a price on bitcoin futures contracts at $6447 on bitmex exchange. We believe in the short term price of Tether will return to its normal state from current levels of $0.96. That 4% premium on bitcoin price makes a difference of $268. That difference will have to be deducted from exchanges like bitfinex and binance once the price regains its value of 1/1 versus US Dollar. So since the fluctuation on Bitmex is lowered, expectations are to see a dump on Bitfinex and binance. Due to the extreme differences in the price we are analysing the exchanges separately. Since until now we only used bitfinex as a benchmark for our TA sessions, this is a fact that will be subject to a change in the foreseeable future. Still on the chart shown at the screen we expect Bitcoin to go down during the next few days. **This implies two targets in mind on bitfinex and binance, first of them beeing the $6670 area, second would be $6440 area.** Once the price achieves equilibrium again, we will be able to make another more educated prediction. For this sole reason of uncertainty yesterday we advised our premium members to escape from the market into Tether when bitcoin was priced around $7000 with the sole purpose of short term accumulation of more bitcoin. Since $6440 levels are a pivotal support point on the weekly chart, we expect it to act as a decision point once reached on the next direction bullish or bearish of the market. We must allow for some more time for price action to develop and next update will follow up since we are also eager to understand the most probable next move for Bitcoin. **Stay tuned!**
BITFINEX:BTCUSDShort
by AlphaTradeZone
1