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BTCUSDSHORTS

Bitcoin Compound Fulcrum Update. Target $10k We expect bottom to set-in within 72 hours, and for the phase 6 to complete for a new heading and direction in bitcoin, Target $10k Want the exact trade parameters, shoot me a DM. Phase 1 Swing low, followed by an initial peak. (swing low) (initial Peak), Gains: F1 16.5% F2 46.27 Ratio 2.8 Duration: F1 52hours F2 632 Ratio 12.15 Phase 2 Initial peak to Higher Low, (HL) Once again labeled on the chart. Gains: F1 -15.6 F2 -45 Ratio 2.8 Duration: F1 64hours F2 504 Ratio 7.87 Phase 3 C for channel, 1 for being the first channel in this fractal, (C1) in this case C1 formed a rising wedge, that peaked at 61.8% fib labeled (LH), Hence, LH,C1. Gains: F1 10.4% F2 22 Ratio 2.11 Duration: F1 70hours F2 504 Ratio 7.2 Phase 4 The Knife A pullback from LH, C1, to form Higher Low 2, (HL2) at 23.6% fib level. Gains: F1 -9% F2 -20 Ratio 2.1 Duration: F1 11hours F2 108 Ratio 9.18 Phase 5 Channel 2, the rise from HL2 In the form of a secondary Channel, forming a new lower high to the 50% fib level. (LH,C2) Gains: F1 6% F2 10.8% Ratio 1.8 Duration: F1 48hours F2 351 Ratio Phase 6 Final Shakeout, another sudden drop in the form of a smaller knife. From LH,C2, down to fibo 38.2% And then finally the squeeze. A big move that took Bitcoin price up to 1.618% Fibo, which also resulted in the entire market cap rallying for 30+ days. Gains: F1 -3.37% F2 EXPECTED, -8.4 -7.9 or -7.3 (most likely due to phase 4 correlation Duration: F1 6hours F2 EXPECTED 55, 53, 72.91
BITFINEX:BTCUSDLong
by Fibwizzard
29
Bitcoin’s latest drop and where we may head Some comments over latest big drop. 7400 is still seen as a key resistance zone, which is also close to the 0.5 retraction over July’s rise. 6451 serves itself as a big support once again, but has to prove it, otherwise we may see prices near 5700 lows. There is the possibility of getting in short term next to 6630 zone as a correction of the sharp move. Latest major rise and fall had steep turns - this revealed to be intriguing since it was slowly moving up and it fell instantly. BTCUSD shorts on Bitfinex went up parabolically over the weekend and may explain this movement.
by novuscapital
Shorts are underwater and the price is rising...hm what next?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. Everyone of those shorts is out of the money and they all have to close at some price. If the end of the bear market comes, they will be a good part of the pump above $8500. Someone has bought over 35,000 btc in the past month on bitfinex. This is not exactly bearish. Good luck and don't be short without a stop! -YoungShkreli
BITFINEX:BTCUSDSHORTS
by CantorTechnologies
1
Bitcoin Daily Update (day 187)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. (amended) 1 - 7 days: < $6,000 | 1 month predictions: < $5,750 by 9/24 | bottom prediction: $3,000 by 10/30 Previous analysis /position: “Believe that this weekend will be the best opportunity to re open shorts.” / Short ETH:USD at $296.32 & short ETH:BTC at 0.04147 | 50% entered Patterns: Descending triangle Horizontal support and resistance: S = $7,136 | R = $7,260 and $7,440 BTCUSDSHORTS: Have never seen anything like this. Went from 21,857 to 33,279 in 8 hours for an increase of 52.25% and the price hasn’t budged. In fact the price moved up despite that selling pressure. Points to one guy/fund making a huge bet and being in big danger of getting squeezed out at this point. Really thought price would be < $6,000 by the time shorts got back above 30K. Funding Rates: Longs pay shorts 0.01% 12 & 26 EMA’s (calculate % difference): 12 = + 4.53% | 26 = +6.02% 50 & 128 MA’s: 50 = +2.94% | 128 currently being tested for resistance. Angling down slightly which makes it stronger resistance that if it was flat or angling up. Volume: Largest volume since August 22nd. If shooting star closes on volume spike then it would be a strong indication of a reversal FIB’s: 0.382 = $7,417 | 0.5 = $7,119 Candlestick analysis: Daily shooting star is forming. 4 hour candle has nasty bearish wick with large volume. Ichimoku Cloud: Cloud was breached, but has quickly pulled back. Interested to see if we close below cloud. 12h cloud has been breached. TD’ Sequential: Monthly recently closed a red 1, now we are on a red 2. Weekly G1. Daily G2 > G1 has reset the setup and was expected due to G9 closing below the 6 and the 7. Visible Range: Outside the volume area from past month. High volume nodes up to $8,500 with 1 year lookback. BTC’ Price Spreadsheet: 12 = +0.83% | 24h = +1.18% | 1w = +8.11% | 2w = +15.94% | 1m = -4.66% Bollinger Bands: Current candle wicked off top band. Mentioned that August 28th felt like July 19th when we last saw two candles close outside top band. Now this current pump feels like July 24th which was a great selling opportunity. Weekly MA is acting as resistance and a quick retest could be exactly what we needed before turning around. Trendline: After violating trend that connects August 22nd to August 27th it quickly bounced back above it. A close below that trendline will be a strong indication of a reversal. Daily Trend: Bullish Fractals: UP = $8,317 | DOWN = $6,805 On Balance Volume: Coming up with price / no div’ ADX: +DI getting ready to cross -DI on weekly which doesn’t mean anything until ADX is > 20. ADX & +DI turning up on daily while -DI turns down. Chaikin Money Flow: Looks like it is starting to turn over on daily. Creating a lower high is important for bears. Want weekly to breakdown -0.08 to indicate being oversold enough to end this bear market. RSI (30 setting): W = 50.39 | D = 53.69 Stoch: Just recrossed on daily > 80. 3d trending upward nicely with plenty of room to go. Weekly recrossed and is diverging fast. Summary: Almost everything is going according to plan. The sharp reversal in the btcusdshorts' is giving me a cause for concern. I have never seen anything like it before and that makes me feel uncomfortable. Getting another squeeze form here could realistically push us above $8,500 where most everyone turns bullish (first higher high in 9 months). The main reason I am confident that we have not seen a bottom is due to how many people remain bullish. There is still exuberance and euphoria every time we bounce. I am waiting for the panic and fear that is synonymous with a market bottom. Then I am waiting for everyone to be in disbelief and calling for a dead cat bounce instead of becoming euphoric. That is when I will be buying hand over fist. For now I will continue to carefully short. ETH’ continues to show more signs of weakness than BTC'. When looking at the 1 hour chart BTC’ created a higher high 5 hours ago while ETH created a clear lower high. Furthermore ETH’s is not in the same danger of a squeeze based on the ethusdshorts chart. If entering a short I would stay away from BTC’ in favor of ETH:USD and ETH:BTC. It is slightly less risky and carries all of the reward (if not more). 50% of my position was entered yesterday and I will be very likely to add if the daily closes a shooting star.
BITFINEX:BTCUSDShort
by Sawcruhteez
4
BTC SHORTS | DUMB MONEY VS SMART MONEYThis is an analysis of BTCUSD SHORTS vs BTC Today's lesson we will attempt to understand, where Smart Money shorts, and conversely where DUMB Money shorts. This is somewhat satire, and should be taken with a light heart. If you are in either category I'm not here to offend you, nor to compliment you. Except, if you Short Sold the top of every rally, aka Smart Money, Congrats Madam and Sir Green circles, complimented with green vertical bars represent where SMART money Shorts the Market. I was able to identify 3 key levels where smart money short sells, 21,000 18,900 and 16,000 @ BTCUSDSHORTS level. These guys have been the bear market champs! Shorting the top of rally, with impeccable timing. Red Circles, complimented with yellow Vertical bars, represent where DUMB Money shorts BTC In Era's of Dumb Money Shorting, we see shorts FOMO, parabolic increase in short positions, only to cover or get liquidated at a later date. 2 of these Era's can be considered a Selling Climax, well because, Selling was at all time high, check the BTCUSDSHORTS chart. The inverse HnS Shorts, We'll call them, sorta dumb, because they shorted a reversal formation. We'll see how this one plays out, We're about to enter the BTCUSDSHORTS "Sorta Dumb Money" area, If the short works, then my analysis is broken. If it the short doesn't work, then "Sorta Dumb Money" is sorta dumb. One thing is certain, Short selling is on the rise, And Bitcoin just set a higher low, at a Short Selling Climax.
BITFINEX:BTCUSDSHORTS
by Fibwizzard
4
Comparing BTC/USDT to BTC/USD SHORTS on BitfinexThe chart is drawn from the crossover triggers on the 'Wave Comparison' indicator, the purple line in the indicator shows how far above the BTC/USD close is above a long moving average (234), the red line (horizontal one in the indicator) shows how far above the number of SHORTS on Bitfinex are above the same moving average on the same time resolution. I have marked the crossover points as vertical lines on the price chart to see if there was any correlation between the price and the number of shorts being entered, I beleive that these areas on the chart indicate the emotional sentiment of the market at the time, I also find it very interesting how the price and sentiment react to eachother so I thought I'd try and neaten up the chart and share it! If there are any similar analyses please share, as I'm no professsional and I'd love to see others view on this, particularly at this point in time given the recent stunt BITMEX just pulled :)
by Biffy
This uptrend is not over, this is why! (BTC)Hello everyone Today we saw a nice green day for BTC, this indicators are telling us that we're going to continue going up! Let’s get straight in to the analysis! -So everyone was talking about the rising wedge that BTC was creating, now we broke that wedge at the upside (which surprised me a bit). I didn’t expect a break through at the upside because of the huge resistance at 6.8K. Now we broke that level, it could perform as I strong support in the future. -The first very positive indicator is the 4hourly RSI. Each time we went above the 70 level we can see that we’ve managed to make a very nice uprun. Today we broke that level again, this could indicate that we have the momentum to go higher -We broke finally above the ribbon again! This is a huge deal, hope that BTC can find some support and hold above the ribbon. -The only thing I’m a bit worried about is the volume, we can see that the last time we’ve made a bull run, the volume was way bigger. if we want to continue this uptrend, the volume has to increase! -If we look at the fib-retracement we can see that our first resistance is at 7.5K. I don’t think that the 0.78 level is going to be a resistance so if we pass the 7.5K, than next target is 8.5K for me. Btcusdshorts -We can see that there is still plenty of room left for a big shortsqueeze, I don’t think that the downtrend in shorts really influenced the prices so much. Players like nano and other alts made huge wins couple of days ago, I think that most investors took their profit and bought in to btc again.
BITFINEX:BTCUSDLong
by cheynos
3
Bitcoin Daily Update (day 181)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. 1 day - 1 week: short squeeze/test top of triangle at $7,500 -$7,650 (low confidence prediction) | 1-2 weeks: Retest $6,000 | 1 month predictions: < $5,750 by 9/24 | bottom prediction: $3,000 by 10/30 Previous analysis /position: Couldn’t remember the last time I saw the technicals split so evenly. Discussed the importance of have the discipline to sit out when you are itching for action and there are not any good trades on the table/ Sidelines Patterns: Descending triangle Horizontal support and resistance: S = $6,634 | R = $6,800 BTCUSDSHORTS: Finding support at 35,500 - triple bottom on 1 hr' chart Funding Rates: Shorts pay longs 0.0021% 12 & 26 EMA’s (calculate % difference): 12 = +2.09% | 26 = Being tested for support 50 & 128 MA’s: 50 = -3.26% | 128 = -9.20% Volume: Decreasing volume as price rises. FIB’s: 0.618 = $6,893 | 0.5 = $7,166 Candlestick analysis: Yesterday had a hanging man at resistance. Today is forming a doji. Ichimoku Cloud: Cloud and Kijun waiting at $7,150 should be strong resistance. C clamp on weekly. TD’ Sequential: Weekly R4. Daily G5 Visible Range: Point of control + high volume node at $6,700 (5 day lookback). Has broken through HVN’s on 1 day lookback. BTC’ Price Spreadsheet: 123h = +0.82% | 1d = +0.37% | 1w = +7.40% | 2w = +8.44% | 1m = -15.22% Bollinger Bands: Top of daily band acting as strong resistance as expected. Has me rethinking my short squeeze prediction over the next week. Trendline: Descending triangle Daily Trend: Choppy Fractals: UP = $7,153 | DOWN = $6,217 On Balance Volume: Looks to be creating a lower high on the weekly. No div’ on daily. ADX: Weekly ADX is starting to flatten out. Daily is threatening to cross 20. As far as I am concerned the two options are: 3+ months of continued consolidation | capitulation to < $4,000. The ADX is starting to point towards the former option. Chaikin Money Flow: Bull div' in daily and weekly RSI (30 setting): W = 49.41 | D = 48.34 Stoch: Just made bullish cross above 20 on weekly. Daily still trending up. %K angling down and threatening to cross. Has failed to do so the last three times. Summary: The outlook is still far too neutral for me to take a position on BTC'. Daily BB acting as strong resistance while the CMF' has significant bull divergences. Are the shorts finding support and getting ready to create a new all time high or are we going to rally off the weekly reversal candles? If you are patient over the next few days/weeks then I strongly expect a favorable position to present itself. If we rally to $7,000 + then it will be a great selling opportunity. If we breakdown $6,500 support then it could also be a great selling opportunity. In the meantime I am keeping a close eye on ETH:USD. There is a bear flag on the 4 hour chart with a target of $111 which is right in line with horizontal support. Furthermore the ethusdshorts’ are close to equilibrium, until btcusdshorts’.
BITMEX:BTCUSD.P
by Sawcruhteez
2
Bitcoin Daily Update (day 180)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. 1 day - 1 week: short squeeze/test top of triangle at $7,500 -$7,650 | 1-2 weeks: Retest $6,000 | 1 month predictions: < $5,750 by 9/24 | bottom prediction: $3,000 by 10/30 Previous analysis /position: Was seeing a bullish setup on short term time frames. Stay away from opening a position due to being at long term resistance / Sidelines Patterns: Descending triangle. No longer calling for a bear flag due to the length of the flag in relation to the pole. Horizontal support and resistance: R: $6,800 | S: $6,575 BTCUSDSHORTS: Broke down trend and failed to turn prior resistance into support. Expecting for pullback like we saw on April 12th. Funding Rates: Longs pay shorts 0.0006% | 55% short:45% long 12 & 26 EMA’s (calculate % difference): 12 day EMA acted as support. Price is +1.83% | 26 EMA currently being tested for support. 50 & 128 MA’s: 50 = -3.96% | 128 = -10.14% Volume: Has been below daily MA for last 4 days. Seems to be falling as price rises. FIB’s: 0.618 = $6,893 | 0.5 = $7,166 Candlestick analysis: Bouncing off weekly hammer candle. 3d hanging man at resistance. Daily hanging man forming at resistance Ichimoku Cloud: Cloud at Kijun at $7,100 - $7,200 should be strong resistance in combination with 0.5 fib. TD’ Sequential: Red 3 on the weekly. Green 4 on the daily. Visible Range: 1 month lookback shows low volume nodes from $6,800 - $8,000. 3 months shows LVN’s from $6,800 - $7,200. 6 month shows HVN’s from $6,800 - $8,200. BTC’ Price Spreadsheet: 12h = +/- 0 | 1d = -1.33% | 1w = +2.49% | 2w = +5.97% | 1m = -18.67% Bollinger Bands: Currently resisting top band on daily and 12h. Trendline: Descending triangle Daily Trend: Bearish Fractals: UP = $6,895 | DOWN = $6,229 On Balance Volume: Following price with no divs’ ADX: Did not find support >/= 20 following bullish DI cross. Indicates that we could be in for another 3+ months of ranging between $6,000 - $8,000 Chaikin Money Flow: Broke through resistance on daily and appears to be turning it into support. Still rallying on the weekly for a large bull divergence. RSI (30 setting): W = 49.17 | D = 47.71 and turning over. Will it support >/= 45.7? Stoch: Approaching overbought zones on daily. Still bearish on weekly. Summary: I cannot remember the last time where the technicals were this split down the middle. There are multiple reliable indicators that point towards the bulls taking control and there are just as many (if not more) for the bears. Bullish Case: Weekly hammer candle, btcusdshorts’ pulling back from ATH' levels, 12 & 26 EMA’s making bullish crossover on 2h - 12h. 3 day stochastic, +DI making bullish cross with -DI on the daily ADX. Bearish Case: Horizontal resistance at $6,800 as prior support attempts to become resistance, Daily BB, Daily Stochastic, Red 3 on weekly TD' Sequential, 12 & 26 EMA’s making bearish cross on 1h as well as the resistance cluster from: 50 day MA, 6 month VRVP, Ichimoku Cloud, Kijun-Sen and 0.5 FIB When the waters' are this muddied it is crucial to stay on the sidelines. If you are taking a position when there is this much uncertainty then it is highly likely you are just gambling/itching for action. Observing, analyzing and preparing from the sidelines is the way to beat the market in the long run. Taking on highly speculative positions on days like today is a great way to get rekt. Learn to enjoy being out of a position and the lower levels of stress/anxiety that will result. Understand that you will see things more clearly/objectively when you are not in a position. Use that mental clarity to your advantage by preparing for the next entry and living a balanced lifestyle. Set price alerts, go outside, smell the flowers, read, exercise, eat a nice meal and be social. All of those actions will help to provide perspective and clarity. Thanks for reading!
BITFINEX:BTCUSD
by Sawcruhteez
5
BTC - New short squeeze is incomingThe amount of opened short positions is skyrocketing again. From 17k on Aug 2, it more than doubled by the end of the month and almost hit the previous record of 40k+. Combined with the recent influx of negative news, it may very well try to reach the new high in the nearest future: SEC Quashes More Bitcoin ETF Pitches in Another Blow to Crypto www.bloomberg.com Will Bitcoin Crash? Learn From History's Biggest Bubbles www.bloomberg.com #Bitcoin stuck below $6,500, and @AnthonyGriz is betting on more pain to come twitter.com However, the nature of such parabolic runs can be called anything, but sustainable. It didn't end up good last time in mid April. I have no reasons to believe that this time it will be any different. I will not be surprised at all if the market "suddenly" develops opposite to the direction mainstream media is pointing at the present moment.
BITFINEX:BTCUSDSHORTSShort
by OceanBlue
1
Get F*cking Long Moment - Bitcoin Shorts Going to Get WreckedShorts are too comfortable. We are near the same Bitcoin Long/Short Ratio back in April in which we saw Bitcoin go from $6,500 to $11,600 after the epic short squeeze. Yesterday night might have looked like as just a weak bounce but the interesting part was that shorts increased by roughly 2.5, when we dropped from $6,200 to $5,900 and since the unimpressive crawl back to $6,150, another 4k shorts has been added.
COINBASE:BTCUSDLong
by Coindicator
1
Bitcoin Daily Update (day 168)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! 1 day: < $5,750 | 1 week: bounce from $4,975 | 1 month predictions: < $5,000 by 9/5 Previous analysis /position: “If you were not expecting this sell off today then it is time to take a deep breath and make some decisions. I firmly believe that this is only the beginning, especially in regards to the alts.” / Short ETH:USD | ETH:BTC | BCH:BTC | ADA:BTC Patterns: Descending triangle | 1h bear flag Horizontal support and resistance: S = $5,864 | R = $6,182 BTCUSDSHORTS: Broke through major resistance Funding Rates: longs receive 0.1328% 12 & 26 EMA’s (calculate % difference): 12 = -8.34% | 26 = -12.53% 50 & 128 MA’s: 50 = -12.96% | 128 = -20.26% Volume: Starting to pick up with sell off, still hasn’t made local high FIB’s: 0.382 = $5,278 | 0.5 = $5,940 Candlestick analysis: 4 hr inverted hammer Ichimoku Cloud: Finally got the bearish TK’ Cross that we’ve been waiting for. TD’ Sequential: $6,421 TDST held as resistance | R-2 < R-2 following a 4 day correction Visible Range: Just fell below point of control (POC) from the past 24 hours at $6,016. Low volume nodes below $6,000 BTC’ Price Spreadsheet: 12h = +/- 0 | 24h = -4.88% | 1w = -10.86% | 2w = -21.15% | 1m = -2.84% Bollinger Bands: Looks like bulge is starting on daily. Trendline: Connects 7/31 and 8/7 Daily Trend: Bearish Fractals: Down at $6,005 just broke. Will finally create a new up fractal at $6,551 after today’s candle closes. This will allow stops to be moved down. On Balance Volume: Broke down 2018 support ADX: ADX starting to angle upward after supporting 25 Chaikin Money Flow: Broke down -0.176 support RSI (30 setting): =40.55 and just broke down support Stoch: Making bearish re cross below 20. I learned from @CryptoCore that crypto usually moves the strongest/fastest when oscillators get stuck in overbought/oversold zones. Summary: The BTCUSDSHORT chart just entered extreme over bought zones and is going for a re test of the all time high. Combined with the funding rates being abnormally high (longs receive 0.1328%) is a strong indication that we should get a squeeze sooner rather than later. However, the bearish momentum is picking up and people are starting to panic as new lows are made. Watch for us to take out the low at $5,750 then spend < 6 hours at those price levels before a face melting short squeeze takes the price back to $7,000 - $7,200. The potential of a short squeeze is a great reason why I am not short Bitcoin. If BTC gets a strong squeeze it should cause the alts to sell off even harder vs their BTC ratio. You will know that this isn’t going to happen if the selling volume creates a new local high after we take out $5,750. If that happens then we should fall straight to $4,950 in < 6 hours. If I was not in a position I would be strongly considering sell the breakdown of $5,75 in combination with the red 2 below a red 1 on the daily - however due to the chances of a short squeeze I would pass and hope to sell the dead cat bounce.
BITFINEX:BTCUSD
by Sawcruhteez