BITFINEX SHORTS HAVEN'T BEEN THIS HIGH SINCE 2019 (bearish) BTCGood morning traders,
The last time bitfinex shorts we're this high was late June 2019.
We're currently sitting just above support $30,000 and have seen a shooting start on the BTCUSD SHORTS chart which may indicate a messy weekend and support lost.
Support levels below:
1) $28,888
2) $23,888
3) $19,999
4) $14,000
5) $12,500
6) $10,500
7) $9650
Not saying we hit all support levels but you should keep them in the back of your mind in case we see an extended bear market and head down to the $20,000's and $10,000's.
Short-long
AUSSIES: Advance noticeIt's not quite a head and shoulders just yet.
This is about watching for potential situations and preparing for them.
As I showed in other charts, sometimes we can get a a second right shoulder in ultra-bullish markets but there is no law on what can happen in these markets.
Readiness is (almost) everything.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
EURUSD Incoming Short SetupWe are now short biased on EURUSD. The dollar roared last week and if you didn't catch the last trade set up you missed out big! (shoulda followed me)
But fear not, this weeks major move is starting to shape up. With no pressing news this week the trend should continue down. This setup as shown itself as a possibility.
A small head and shoulders has appeared on the 4hr time frame and with a break of the neckline now you may look for buys on the 15min/1hour only. This should lead into at retest of the 1.20 area where sellers are sure to come in strong. There is a bit of imbalance slightly above at 1.205 so do not fear if we get a quick run up to that area. Set your stop losses far out of that range and manage risk accordingly.
<3 Happy trading friends.
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Bitcoin possible scenarios for the mid termDescription and reason are mentioned in the chart.
This explanation has been made by looking at the past and technical analysis.
The probability of a downtrend is stronger.
But the possibility of an uptrend has also been drawn because the fundamentals have already affected the price.
BNB Pay Attention!Hello Community!
Let's take a look at BNB on the Daily TF. It is at a crucial point right now and I believe the strength or weakness it shows in the next 2 days will determine the direction the market will go. If it breaks below the white line we can see it head towards the orange line for the next support. If it breaks above the greenish line that will be a clear show of strength based on this TF and I would be looking to go long. The Crypto Market follows BTC movements so at the end of the day it comes down to what project you have faith in the most. The main difference is some coins will have stronger movements (Bullish or Bearish) based on how BTC moves. If entering a trade don't forget to use a stop loss. Don't trade with what you're not willing to lose.
Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated!
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
8% DUMP INCOMING? BULLISH STRUCTURE BROKEN (measured move) BTCHello traders,
Bitcoin has failed to reclaim the $40,000 level and rejected pretty violently and we're now half way in this range ($30,000 - $40,000) currently $35,500 zone and still weak.
$33,888 is likely the first stop once we start to free fall.
GLD ForcastThis most likely course for gold to take over the next week. I believe GLD will fill the gap, test TL, and then be rejected and break down lower. Scalping up to TL, and then Short will be the positions i will be looking to take. I dont believe that Gold will be a safe bet in the event that we see a 5-10% correction in the overall market.
DOWNTREND SINCE ATH'S (April 14th) PI CYCLE TOP CONFIRMED (BTC)Please like/comment to show your support 👍🏼
~Downtrend since ATH's (April 14th) Pi Cycle Top Confirmed
Summary:
1) Above this would probably mean new ATH's or at least a retest of levels close to it.
2) Below this level, or a 3rd validation point would confirm a strong trend (down) and probably form a descending triangle which would likely eventually retest the $30,000 support level.
3) The last scenario, a fake out slightly above this level with a crash after to clear out the high leveraged players.
4) Market structure tells me a key level is around $45,777. (above is bullish, below bearish)
5) Pi Cycle Top indicator showing it's been confirmed as of April 14th, and a 3rd validation point on this trend line would confirm a downtrend and prove it's strength and would then retest support levels.
ALSO,
I'll be focusing only on the 3 hour timeframe chart and only will be doing swing trades with leverage below 5x (2-3 95% of the time) and 50%-75% of all money deposited will be going directly into cold storage and won't be touched until 2031.
I'll be both buying and selling with swing trades and will flow with the market, and will keep my long term investment portfolio where most of my funds are kept so they're safe and sound over the next decade.
All of my technical analysis will include the stoch rsi oscillator because my swing trades will be focused on momemtum swithces (shorting weakness, longing strength. shorting supply, longing demand. etc) and in this specific TA it's currently overbought since we've pumped pretty hard over the past 24 hours.
Stay safe, and SMASH that like button or leave a comment if you want more content in the near future! 👍🏼
~
x = area of interest
msp = market structure point
lps = last point support
👍🏼
About BTC'S SHORT x LONG x PRICE We will never know:
Is the player alone in Bitifinex ?
It is happenning at anothers Exchanges ?
He could be playing at futures as well, been long at one perpetual, or a option contract.
We can't know. that.
The only thing we can do is Speculate about, and There it is:
At First, we have to understand that he took the distributed market and applied a bilateral liquidity injection, in other words he went in long and short at the same time, as the market was distributed he gave in on the weaker side.
So he took part of the profit from the short position, going long after.
Then the market starts an Accumulation, with long positions increasing and short positions decreasing, while the market lateralized.
After fully positioning himself in the long position, while the market went down a bit, he applies a FUD on the BTC, going heavily short when the price reaches the top of the range.
It works. it knocks down the market !!
But something happens.
The price refuses to go down any further.
It falls into the bear trap!!
But he's a tough guy, he won't let it go! And he increases his short position showing strength. He plans to buy at FUD again i think !
Here is the proposition of what can happen:
If the price touches the trap line again, at 37.300, it can push a little harder and try to FUD more... But at first this attempt was already lost.
If he folds and turns his hand over, closing the 15k btc short position, he could put the price at 50k again, or even more.
HAI reacting on market changesHello! Today the market shows good results and if you are looking for making most profit out of it, I recommend you to diversify your funds on some amount of small tokens such as HAI and not volatile BTC. There are some points of interest that I've looked into and layed out for you some good starting positions. And surely now is the time to join. Look closely on price volatility and enjoy!
EURGBP ranging between descending triangle.Hello traders, this is my analysis on EURGBP H1, it has been ranging between the descending triangle, we are waiting for a breakout to either the trendline or the support area.
Please this is just my analysis, do yours before entering the trade.
If you like my analysis kindly like and follow :), Thanks.
SOME WHALE IS SHORT $700 MILLION (BULL TRAP) BTCFirst of all please get this technical analysis to 30+ likes to unlock tomorrow's alpha post 👍
Second of all, some whale is short $700 million.
Please stay safe in the markets as we proceed into the weekend while the stock market is closed.
I'll be taking profits on this scalp trade at $33,888.
Remember to plan your trade and trade your plan.
Cheers 👍