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BTCUSDSHORTS

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 $5,75 in combination with the red 2 below a red 1 on the daily - however due to the chances of a short squeeze I would pass and hope to sell the dead cat bounce.
BITFINEX:BTCUSD
by Sawcruhteez
Accumulation area... Institutional interest to keep this area intact. Shorts are nearing ATH so to me it doesnt look like we will break 5800$ in the short term. If we break above 6700 a lot of shorts will be under water and that will support a fast ran to 7400$. The whole last failed rally felt suspicious to me because if we would break below 5800$ the majority would be easily right, and it is not often that the majority position turns out a winner. Also the huge red candle in the beginning of August was on a weekend with low Volume. To make my point - To me this seems like the smartest market making, since retail investors are leaving there isnt much "real" Volume left. So what to do when huge Institutional Gateways are opening in the end of the year? Drive the price below 6800$, watch ICOs panic sell their ETH, watch left retailers go all short, watch public media write FUD articles, drive out any last hope that this is a Trend correction over say 1 year and not a bear market over 2-3 years. Literally some CEO was on CNBNC and said that the Bitcoin/Altcoin bubble popped and compared it to the Dotcom bubble. This 2017 run is magnitudes smaller than the Dot Com era and the real CryptoBubble is yet to come. Anyway this is not saying going below 5800$ is impossible, its just doesn't seem likely.
BITMEX:BTCUSD.PLong
by HerbiDerbiLerbi
BTCUSD - Greedy Bulls about to meet The Matador (Bull-Fighter)Technical : I'm confident that Wave iii has just ended. Because the last wave up was an Ending Fifth Wave Diagonal which led me to believe that the wave has to be a 5th Wave. I see bearish divergence on higher timeframes. Not to mention the overhead heavy resistance leads me to believe that upside potential before a correction is very low. Whereas towards the downside we have a clear path to 7150 (if not more). Heavy support is at 6900. The ratio of Longs vs Shorts is way too high. Too many long positions were opened at the last minute. Were there no long opportunities in the last two weeks? Of course there were! Now if I were a whale would I cause a short squeeze up to kill bears? Hell No! Would I push the market down to kill those greedy bulls? Hell Yeah! "A fool and his money are quickly parted." Fundamental : From fundamental standpoint we have reason to go further up in the coming week since there's talk of Bitcoin ETF. As a lawyer, I can say with conviction that SEC will not pass Bitcoin ETFs. But nevertheless it gives rise to a long opportunity till 10th of August. If it gets approved good, we keep the long open. If it gets rejected, we find ourselves a resumption of the downtrend and new short positions. Either way as traders, we shall overcome! Godspeed _________________________________________________________________________________________________________________________ I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
BITFINEX:BTCUSDShort
by ShounakShetty
30
Longs and Shorts Reveal Bitcoin's True Intentions!Back with another analysis to complement my previous BTCUSD post. Looking first at the BTCUSDLongs chart, we can see that we broke above resistance and tested for support before moving up and then back down. This move back down has shown MASSIVE bullish divergence, both on the RSI, which has formed and broken out of a falling wedge, and the MACD. The AO has also crossed one buy signal, with another coming up. On the shorts side, we can see that the chart first tested the 1D bearish OB and was rejected, fell into the 1D bullish OB and bounced, and is now sitting in no mans land. The RSI is forming another rising wedge with bearish divergence, the MACD is failing its retest of support, and the Laguerre PPO is starting to signal oversold. My guess is shorts will move up to the 1H Bearish OB before getting rejected and breaking through the 1D Bullish OB. Together these charts paint a very bullish picture for BTC. See my other idea for my analysis on BTCUSD, and remember that this is my own opinion, not trade advice, and I'm not responsible for what you do with your money.
BITFINEX:BTCUSDLONGSLong
by gtrox115
Bitcoin's diamonds (part 2) 1h and 4h chartsGood morning, traders. Remember, CME Bitcoin June Futures expire at 10 a.m. CST this morning (www.cmegroup.com), monthly close is tomorrow, and weekly close is on Sunday. So as I've mentioned in the live stream, any potential reversal that may occur could happen at any time today through Sunday. This doesn't guarantee we will see a reversal, just that there are multiple important events culminating this weekend which could add to its strength if we do see it but which leave the window open for timing. We saw a strong jump in BTCUSD Shorts this morning while Longs continue to grow. This isn't an ideal situation for Shorts. Based on how quickly they jumped and where price is currently located, they are likely over-leveraged retail Shorts which means any pop up in price will liquidate them pretty quickly causing many traders who aren't liquidated to have to cover their own Shorts as a result. This doesn't mean such a thing will happen immediately, just that the risk to reward ratio is pretty poor at this point. Too much risk opening a fresh short for the reward that one may receive by being correct. Price continues to follow the April pattern at this time. As we can see, the daily candle is sitting right on the blue line. Price is currently moving within a descending wedge within a descending channel. The expectation, based on the pattern, is a breach of the wedge's resistance. There is the possibility we could see a sudden drop in price leading to capitulation and subsequent large, fast rebound before the break of the resistance comes to fruition. In that case, many traders will likely be stopped out and/or liquidated on margin due to an inability to log into the Web-based interface of their exchange during that strong price action and/or failure of the exchange to execute their take profit. RSI is nearing a breach of its own resistance, as is OBV which has bounced off support its support level that dates back to October 2017. On the shorter term charts, price may be building another diamond pattern. There is strong volume throughout price movement within the pattern, which is important. As always, I am watching for a breach of the blue lines in either direction with the resultant resistance and support lines providing likely initial targets. RSI is attempting to breach resistance on the 1h and 4h charts. Fib congruence levels (where fib levels from multiple fib pulls come congregate) are important indications of support and resistance and should be monitored as well.
BITFINEX:BTCUSD
by Chris_Inks
Bitcoin's diamonds (part 2) Daily chartGood morning, traders. Remember, CME Bitcoin June Futures expire at 10 a.m. CST this morning (www.cmegroup.com), monthly close is tomorrow, and weekly close is on Sunday. So as I've mentioned in the live stream, any potential reversal that may occur could happen at any time today through Sunday. This doesn't guarantee we will see a reversal, just that there are multiple important events culminating this weekend which could add to its strength if we do see it but which leave the window open for timing. We saw a strong jump in BTCUSD Shorts this morning while Longs continue to grow. This isn't an ideal situation for Shorts. Based on how quickly they jumped and where price is currently located, they are likely over-leveraged retail Shorts which means any pop up in price will liquidate them pretty quickly causing many traders who aren't liquidated to have to cover their own Shorts as a result. This doesn't mean such a thing will happen immediately, just that the risk to reward ratio is pretty poor at this point. Too much risk opening a fresh short for the reward that one may receive by being correct. Price continues to follow the April pattern at this time. As we can see, the daily candle is sitting right on the blue line. Price is currently moving within a descending wedge within a descending channel. The expectation, based on the pattern, is a breach of the wedge's resistance. There is the possibility we could see a sudden drop in price leading to capitulation and subsequent large, fast rebound before the break of the resistance comes to fruition. In that case, many traders will likely be stopped out and/or liquidated on margin due to an inability to log into the Web-based interface of their exchange during that strong price action and/or failure of the exchange to execute their take profit. RSI is nearing a breach of its own resistance, as is OBV which has bounced off support its support level that dates back to October 2017. On the shorter term charts, price may be building another diamond pattern. There is strong volume throughout price movement within the pattern, which is important. As always, I am watching for a breach of the blue lines in either direction with the resultant resistance and support lines providing likely initial targets. RSI is attempting to breach resistance on the 1h and 4h charts. Fib congruence levels (where fib levels from multiple fib pulls come congregate) are important indications of support and resistance and should be monitored as well.
BITFINEX:BTCUSD
by Chris_Inks
2
BTC LONGS VS SHORTS- Playing heavily in favor for the bullsTiny update. Currently expecting a medium pullback on the BTCUSDLONGS as they are very very overbought, but under a very steep angle.(Positive-bullish effect on the price) When it comes to the BTCUSDSHORTS ,it's quite the opposite. The 4hr chart is very oversold, and a pull up anytime soon could happen. What can be seen as the biggest outtake from this analysis by far, is the failed cup and handle formation, which by itself it's one of the most bullish formation, and a failed cup and handle is quite a bearish sign. Anyways, comment your thoughts or if you have anything to add folks, since this is quite a short update, cheers! -Happy trading- . . . . Disclaimer: //This is not a buy or sell signal, you decide what to do with your own money!//
BITFINEX:BTCUSDLONGSLong
by step_ahead_ofthemarket
2018-6-12 BTC Current berish cycle comparison with BTCUSDSHORTS Let's analyse 2 different situation and compare them with current market. First of all, The left chart is BTCUSDSHORTS, i.e., how many margined BTC are being used to SHORT BTC. The right chadrt is BTC price action. Gree situation: BTCUSDSHORTS got it's All Time High, the majority of volume was betting against BTC. The RSI of BTCUSDSHORTS was as high as 70, which is a lot. The price in green situation was in a long sequence of DIPs and was near to a support and RSI of price action was close to 30, which means it was really oversold. Red situation: BTCUSDSHORTS was considerably high, RSI was super high (almost 80), it really needed to go down. But does it affected price action? Well... Price wasn't close to a meaning support, price's RSI wasn't too oversold, it had some more space to go down. When shorts fell sharply, price moved higher too, but the absence of support didn't helped to have a trend reversal. Yellow situation (current): BTCUSDSHORTS isn't too high, in my POV, they aren't near to ATH in any single way. It could be really higher. The RSI for BTCUSDSHORTS is pretty high (75) which is higher than the RSI in green situation. The price chart shows that prices are moving near to the same support that have stopped the bears on green situation. The price's RSI is currently near to 30 but could be a little lower. I feel like the current situation is more like the green one, but we can't be sure. I'm going to buy, because eventough BTCUSDSHORTS volume isn't as big as it was in the green situation, the true is that the market average volume now is smaller than it was in that situation too. Of course, you should never forget setting stop-loss, because there is no oversold market that couldn't be even more oversold.
BITFINEX:BTCUSDLong
by UnknownUnicorn288635
7