Page 5 | Buybtc — Trading Ideas on TradingView

Short Squeeze is coming. Go Long Or Go Home.Hi friends, BTC keeps dropping. Heavely. BUT! As you can see as price keeps dropping, btc shorts positions keep increasing in a parabolic way. Why is it good for the smart trader? We can see a bullis divergence on the 2H chart. RSI is also very oversold. Therefore it is very likelyy to bounce from the bottom of our triangle. If we manage to close daily above our April-low then it is very likely to turn upward. So back to the shorts: As price gonna rise, people start to close their short positions in order to cut losses. Because of the large amount of shorts, as people start to close this huge amount of short positions and add to their long positions price gonna rise even faster. Bouncing from this key area would probably reinforce bulls and bring smart money in. You can also notice that at the april-low at 6.4k short positions were rising very fast just like now. Then on the 12th of April you can see a huge dropp in short positions and at the same day a tremendous bullrun. I do expect the same short sqeeze this time as well. The short squeeze in April: You can see below on the weekly chart Stoch RSI is also very low and seems bending upwards. The best case scenario would be a reversed hammer which would also confirm the reversal! If you like this analysis please leave a like, it means a lot to me! ***This is not a financial advice***

Golden Ratio Rules Everything Hi friends, It's been a while since my last post, I am quite busy these days, but now we are at a key level and I have to share it with you. As you can see after the rally to 10k we had a big correction. We hit the 0,618 fibb. level as known as golden ratio. Today's closing price is a very significant one. We are in a downtrend according to 200MA (RED LINE) and 200EMA (PURPLE LINE), but if today we close above the 0,618 fibbo level at 7.8k that could be the first confirmation of a mid-term bullrun. This level also seems to be the 5th elliote wave which is a good sign for a potential reversal. Closing above this level with a reversed hammer and follwing it with a green candle tomorrow is exactly we are looking for. The first target would be the 0,382 fibbo and the 200EMA. But as always we have to be aware of the bad scenario. Closing below this level would reinforce bears and we would likely continue our path to the BLUE trendline (7.2-7k). If you found it helpful please leave a like, it means a lot to me! ***It is not a financial advice***

Deeper view on BTCUSD...The future of bitcoin?Hi guys! In my previous publishment I went bearish doubtlessly. Despite the fact that I'm still bearish I wanna show you both scenarios and my thoughts on it. Let's jump in! Going back to the late november/early december when the hype started everybody started to talk about bitcoin. When you went out with your friends to your favourite pub and after a few drinks you were all talking about bitcoin. But you heard about it in the school, in the university, in your workplace...literally everywhere. Few of you started to put a little money not even knowing what is was, guys with bigger balls put a lot of money also not knowing what it was. The price started to go up and in media every NEWS was about bitcoin. The price started to move higher even faster and faster and you told your mom your dad your friend to even your grandma to buy bitcoin. Everybody loves quick fast money, hah? And it was too good to be true...FOMO (fear of missing out) came in. A lot of people missed the opportunity to buy at low price. People saw that the price was rising, but every time the price made a new ATH (all time high) it was said to be the TOP. But bitcoin was keeping to make ATH's and it seemed that nothing can stop it. At this point people who hadn't invested started to think about it: what if bitcoin keeps moving up?...I can make a quick money, it is not late yet! Sadly the media was also trying to encourage people to jump in and invest money, a lot of famous people predicted that at the end of 2k17 it is likely to go 30k 40k 50k...so people thought why not jump in at 14k USD at 16k USD at 18k USD at even 20k USD. If the price goes up 50k why not buy at 20k?...I can still double my money,...they thought.... The problem was that people who bought at the start of the year or at 5-8-10k started to realize their profits. And the price started to go down. People who bought at the very top held the money for a short time thinking that it is another little pullback then TO THE MOON again. We also had a cute little bulltrap when the price fall back to 10k then went up to 17k. But the price just kept going down. And grandmams, moms, fathers and other newbie investors started to quit the game and PANIC SELL. It was so obvious that it is gonna happen. Everyone who said it was not a bubble is just ridiculous. Bubbles always happen and bubbles are good if you know how to ride them. But newbie investors have no clue about bubbles. All the whales who bought in early benefited from the pump that media created. And of course whales own and lead media... Another reason that was it so obvious that is was just a bubble? Just think about it: Why did you buy bitcoin? Because it is a new technology, it is awesome, it is gonna change the world? Or you wanna buy or sell things with it? Of course not, hahaha stop kidding me guys, of course not. The reason is simple: you wanted to MAKE QUCIK FAST MONEY. The amount of people who actually bought bitcoin to use it as a store of value or beliving in the technology or wanted to be part of a revolution is very little...I mean very very little. Of course who bought in early wanted to realize profits. And of course newbie people who bought late panic sold when they saw the price falling because they couldn't handle it psychologically. In my opinion longterm the price surely gonna go up. Slowly but surely cryptocurrency gonna take over fiat, but I think it is gonna take a very long time. The biggest problem now as I mentioned that people now don't buy bitcoing or other cryptocurrencies to buy or sell things with it. The reason is only money making. When people can overcome this barrier that's gonna be the time for cryptos. And it cannot happen without stablizing the price. Technical analysis will be in the comment because the number of character I can use is limited.