The "Bottom" bottom is in... and no one is buyingHODL today, buy Lambo next year. Want moon? You have to be bold/patient (is a virtue) when everyone else is fearful. If you are waiting here, you will never get that $3,000 that everyone so desperately wants. Here comes the short squeeze...
Merry Christmas to all you good boys and girls. The greedy will get coal in their stockings.
Your's Truly,
-racethehair
Shortsqueeze
BTCUSD possible short term scenario?!BITFINEX:BTCUSD has seen quite the draw down from it's ATH. The short side also recently reached an ATH, as it's been easy money over and over for an extended period.
I see this as a possible scenario for BITFINEX:BTCUSD to catch complacent and comfortable shorters.
Like and Share your thoughts, I'd love to hear and see what you think.
Not financial advice, just a thought.
BITCOIN - THE BAT SIGNAL - Short Squeeze - its may just a dream
From a TA point of view this could happen and my triggers FOMO before "D" will show that it's just a bigger version of that kind of pattern which we've seen now for some time.
From a real world point of view it wont happen esp. on that time horizon.
Lets give that idea 10% - 20% chance to fulfill.
To underline the idea:
- Downtrendline
- Nearly perfect numbers on the "Bearish Harmonic Bat"
- Fibonacci Retracement - "swing low to swing high"
- The idea of Tyler Jenks (Hyperwave) that the BTC price never went 2 weeks in a row outside of the bands (it still is)
- The optional power of a december pump
- ATH in short positions
- A big portion of humour = )
-------------------------------------------------------------------
Donate BTC: 3PQUwEFCZbkueTKgtpNyFU7k1YLNdqtzd9
-------------------------------------------------------------------
Growing likelihood of #Bitcoin $BTC short squeeze relief rally With USDBTC shorts nearing levels that are typically followed by a short squeeze, the likelihood that BTC will make new lows in the next few days is dropping. I will look to enter a short position after we see overbought conditions on the Stochastic RSI assuming that we see such a relief rally.
Let's bring back the "April Squeeze" (comparison)Final three drives pattern can take us to some pretty sweet profits.
Here's a comparison to the April short Squeeze. Notice the level and intensity of shorts and longs. Bollinger similar, and our wedge pattern finally formed, giving us some support to rely on, and a solid point of breakout. This ascending three drives pattern generally gives us more shorts while the longs tend to fizzle. Exactly what we want to see for a positive explosion of volume.
Look at my previous posts. This is not the bottom, and this does not start THE bull run.
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 $4500 but better to see what happens closer to then.
This is the btcusdshorts rising wedge I was referring to:
Good luck and happy trading!
previous post:
Timeframe for Bitcoin's next big moveBitcoin is in a bear market. That is a FACT. However, there are still different ways on how Bitcoin's next move can play out.
In just a bit over 10 days, Bitcoin has broken it's major support level and headed all the way to less than 4000$. Although this might seem like a tempting place to buy for "cheap" and go long, we must remain calm and see what the charts are telling us.
Before we proceed, let me introduce you the "Elder's favorites" indicator, which contains different indicators made by a famous trader, Dr. Alexander Elder. The main one I am going to talk about are the bars. The indicator uses EMA and MACD indicators to determine whether we can go long/short or not - you can see that my bars have three different colors: red, blue and green. These bars don't tell us what to do, it tells us WHAT NOT TO DO. The meanings are following: RED BAR means that we are allowed to SHORT or STAY NEUTRAL, but we are PROHIBITED to go long. BLUE BAR means that we are allowed to do anything - go LONG, SHORT or STAY NEUTRAL (this also implies the use of other indicators to give you a specific direction to take; in case of interest, more about that on other posts). The GREEN BAR means that we can go LONG or STAY NEUTRAL, but we are PROHIBITED to go short. In order to use this indicator, we take 2 timeframes; in this case, the weekly, the long-term chart and daily, the short-term chart. In order to make our move, the two timeframes need to MATCH. This means that if on weekly timeframe we see a RED BAR, but on daily timeframe we see a GREEN BAR, we are not allowed to go short, YET. We need to wait for the daily chart to turn BLUE (neutral) or RED (short). Same with going long - if both timeframes allow the long, then it means that we are allowed to go long.
When we look at the two timeframes, we can see that the week from 5th of November, the time before Bitcoin dropped, didn't allow us to go long, saving us from big losses. For now, we are allowed to go short, but we have ruled out any plays for long .
On the Weekly MACD-Histogram, we made a huge jump below the zero line and by the looks of it, the downwards pressure is increasing. This means that looking at the longer, we are continuing to head lower. The daily MACD-histogram is rising and the Stochastics are showing oversold levers, meaning that there can be a small jump up for Bitcoin sometime during this week. However, with volume oscillators, we need to keep in mind that during strong BULL or BEAR markets the oversold and overbought levels simply don't work that well, since the momentum behind these moves is too strong.
If you are trading with higher leverage (over 5-10x), then you should short from the higher price, potentially near the 3900-4100$ or higher, when stochastics and MACD-histogram have shwon more movement. This decreases the possibility of a liquidation, but the risk of missing the next big downwards move is there, though the reward will be bigger. Currently, however, I suggest to be more conservative and keep higher leverages only for scalping; if you trade with market prices and go short with lower leverages with enough collateral, you can endure the potential bounces and even short the rallies.
The targets can be, once again, the support lines near 3500$ or 3000$, depending on the strength of the movement and your trading personality (it can also be lower, just remember to set some targets for profits).
Don't worry about smaller fluctations when the trend moves against you. For now, we look at the weekly timeframe and it tells us to go short. When the weekly MACD-Histogram begins to fade (when no moves happen in 1-2 weeks), meaning that the trend is sideways, we exit the trade and wait for a better trading opportunity.
There is a high probability of Bitcoin dropping further and the safest way to get on the board of the next big move, which should happen in around 1-2 weeks, is to short it. However, if the price raises to/above 4300/4400$, we need to be very wary (it can also be short squeeze) and relook our positions. In case of any big move, I will update here.
BITCOIN. Is a SHORT SQUEEZE a possibility for the NEXT BULL RUN?
I did this analysis focusing on SHORT and LONG demand, trying to see the chart from a whale's perspective, trying to predict a SHORT SQUEEZE that might happen if both shorts and longs keep increasing at the same time.
As you can see from the chart I added the #BFXLS Indicator to check how SHORTs and LONGs are interacting with each other. They usually go in different directions except for a few times. As you can see around April 04 -2018, SHORTs were almost at their ATH and LONGs were following the uptrend. Both Trendlines intersect each other, and just few candles later we had a massive SHORT SQUEEZE which caused an instant drop in the SHORTs and a 50% price increase in the #BTC chart. Chances for this Short Squeeze to be successful were very high because it was implemented at a very Important key level (great support of the correction).
Since then, SHORTs and LONGs have been going in different directions, intersecting only at random points in the chart. SHORTs reached ATH another 4 times after that but LONGs were not increasing, so it was not a great opportunity to pull a SHORT SQUEEZE.
Let's check what happened during the CRASH last week. You'll see SHORTs and LONGs increasing at the same time but SHORTs were not high enough to attempt a SHORT SQUEEZE. As you can see they intersect so perfectly that the Black Cross (LONGS) and the Red Circle (SHORTS) OVERLAP which has never happened during the correction. Coincidence?? Or a just great indicator??? I'll let you decide...
In addition, I tried to re-create a possible scenario that could indicate another SHORT SQUEEZE possibility. As I mentioned the other day SHORTs and LONGS are both increasing, which raises the possibility of a SHORT SQUEEZE, which implies a BULLISH SPIKE which might trigger the next BULL MARKET. In order to see this we need SHORTs and LONGs to keep going up at the same time. SHORTs getting liquidated or stopped out would fuel the whale BUY ORDERS and the LONGS would fuel the FOMO of the pump.
In order for this to happen we need another important KEY LEVEL and to be honest we are already in the right zone... the problem is that it might happen anywhere at 4k, 3.5k, 3k... we just don't know... if we knew it, there would be NO SHORT SQUEEZE LOL... It's going to be a surprise by the whales....
So in my opinion the only way to predict or even consider this scenario is to keep looking at SHORTs and LONGs and see how things play out over the next few days. I don't think we've seen the PANIC yet...
Hopefully this can help you to make better decisions now that you might understand how manipulators play the market.
AMD Short - might be your last chance. $21 to $14I've been playing the AMD run up from $20 to $32 with Call options, Shorted $32 because if you look at the weekly, its a trendline from the 1990s, and closed my Puts around $16 because it was a fib level. This chart plays like a cryptocurrency except that it's easier.
Out of curiosity I looked at a few "short interest" indicators and lo and behold, most of the run up to $32 was just a massive short squeeze an long with analysts pumping the projected price. Just like a cryptocurrency. As you can see now, we're making a head and shoulders on the daily, and the last time we had this little shorts was in August, and on the 4hr we're extended and making bear divs. Target... $16 before the end of the year, maybe $14.
OPPORTUNITY to buy the Market-Opening!#BreakoutHey tradomaniacs,
quick another chance for the session of today.
Type: Day-Swingtrade
Buy-Limit @ 2.767
Stop-Loss @ 2.731
Target 1 @ 2.799
Target 2 @2.818
Peace and good trades
Irasor
Trading2ez
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
BTC ready to move up to test the previous resistance Hello Crypto Family
Just after I started to post some TA, BTC started to drop. I've used these couple of months to develop some indicators to help us read the market a bit better which I would love to share with you. We shouldn't expect 100% accuracy ;)
Since August many altcoins have started a little uptrend. Whales seem to buy into alts before pumping BTC, right now we have a very similar situation/trend like in April when we had our last altcoin bull-run. Let's see what BTC is going to :)
BTC TA
Hourly
because of Tether fud, we had a pump on the 15th of October but we hit a resistance line (6800) and had a sell-off, longs and shorts both got squeezed.
shorts are rising again and this makes another short squeezed possible.
On MACD and RSI we are in the apex of a symmetric Triangle and the current move is pointing to the upside.
1H
on 1h we have a ABCDE pattern, with E already in, we should see a move up. It's difficult to tell if this is a bull or bear flag.
Also the MACD is about to have a bullish cross.
Bear side
As you can see we have dropped under the previous uptrend channel. On the move up we have many resistance lines to cross:
6500 = previous support line in the uptrend channel
6800 = previous high and pushing out of the channel
7400 = previous high in Sep.
In the next posts I'll give you an introduction to my new indicators. I'm going to give these indicators away to a small group of people. With your feedback, I'll try to improve these indicators for us.
If you are interested, feel free to keep in touch.
BTC Update! Tether imploding? Short Squeeze? What next?Wow, what an interesting overnight my time. I am still catching up on the tether news so am sure will hear more info as the day/week goes on.
But lets start with charts. Sticking with 4 hour chart from yesterday as the price sat at $6225 or so. They had rejected off 4 hour 26 EMA at $6285 and I was looking for a higher low compared to $6178 or definitely above $6105. They established that a few hours after yesterdays chart with a higher low at $6151. All fine there. Then in order to see any momentum up, bulls needed a higher high compared to $6285. Bulls slowly battled back into low $6200's and then we saw the flood of market buy orders.
Here is where things significantly change and you search for news related events. BTC jumped from $6210 or so to $6810, nearly a 10% move in just over an hour. Strictly looking at charts... positive is they got a higher high compared to $2285. Negative, they still rejected from just below our prior bounce high since our dump from $7400 with that high being $6823. Bulls quickly consolidated down into $6400s where things are now settling down and traders and everyone within the space sit and wait to see what the next move will be. Does price continue back up? Or do we trend back down?
So what the hell happened? A couple of things. News of tether issues have been looming for over a year now. Anyone who has followed me prior to tradingview, know, I am extremely skeptical of tether and do believe it will eventually implode. This is one of the primary reasons I mostly trade on GDax (Coinbase Pro) because I wanted nothing to do with tether. Once TUSD was issued to exchanges, I do now trade small amounts on binance and utilize TUSD over tether (USDT) for holding when not in a trade position. But anyways, it appears Tether had some major issues and fell to under 90 cents. Remember, tether is supposed to be a stable coin, pegged to $1. Each tether issue is supposed to be backed by $1 (one US dollar) in some bank. I believe that is all BS and that the company has nowhere near enough dollars in the bank to back each individual tether and have expressed this for over a year now so won't get into details here. This all occurred while I was sleeping so I am not caught up on the story just yet. Tether continues to struggle as I type this. TUSD, where I hold has nicely pumped because of this which I also find funny but at the same time am hesitant on any "stable" coins and prefer exchanges who have USD like CoinbasePro.
But what this tether issue did do, was force loads of people out of tether and if they didn't want to completely exit market to cash and withdraw from the exchange, they were forced to buy BTC or Alts. Again, anyone following me for long before TradingView, knows, I am also skeptical of MOST alt coins. Doesn't mean I won't trade alts or won't trade what I believe to be a sh*t coin as in the end I am just trading charts and not seeking to hold any of those sh*t coins for long. But left with a decision to buy BTC or Alts, majority chose BTC. So many Alts also showed a quick flush down as people exited for BTC adding to its pump. Then we had the BTCUSDS chart which is the Shorts chart. This saw a huge short squeeze to the tune of 25%+ as shorts are forced to close positions and market buy BTC to cover their short position. This avalanche effect (basically same thing when BTC dumps and stops trigger, shorts dump and those stops trigger) and creates an additional pump to BTC.
Wow, ok. A lot has happened. I did not personally have any stop buys set over night as was not expecting tether to begin imploding over night. Market reacts quickly tho and honestly would not be surprised to see loads re-enter Tether because quite frankly, people do dumb things in my opinion. BTC price would then come back down. If tether however truly does implode or is exposed as a scam or unable to back all the tethers issued, I'd again expect a pump in BTC price. However this now leaves a lot unsure on the market if the primary "stable" coin (that they were using to protect capital when they didn't want to be in the actual market) is exposed and we could see many exit market completely for lack of trust within this crazy market.
Regardless, stay safe with positions. I will be watching market closely this week and waiting for things to settle again before taking any position on since I was not at computer to actively trade the pump last night. I have no reason to chase anything on a hope market reacts bullishly again and will patiently wait for a proper trade set up before entering anything again.
Just My 2 Sats!
TSLA regains Nov 2016 support after 5% recovery this week. In the space of 2 days, Tesla dropped 5% and then regained support of a rising trend that began almost 2 years ago.
This should be a strong indicator that the 'weak hands' have been flushed out ..
Cap that with a strong rally higher in the finishing moments of wednesday.. I have a hard time imagining this won't open higher Thursday.. possibly into a short squeeze.
Bitcoin April again, terminal shakeout, or bear winter?Good morning, traders. After that shakeout at the end of yesterday, price has not returned to our previous accumulation zone. The question now is are we going to drop further? At first glance, that certainly appears to be the most likely course of action, doesn't it? But there are a few things you should be watching just in case it does not materialize. If you caught last night's live stream, then you saw me look at the similarities between the point right before the April squeeze and our whole recent movement. I cannot take the credit for this as someone else mentioned it, but unfortunately I cannot find who it was, so if you know then go ahead and tag them below so others know.
The left screen is our current movement while the right screen is April's movement. I have numbered the pattern's movements and we can see that price has acted very similar, complete with shorts reaching/nearing a new ATH. While I'm not saying this will definitely happen, as I am currently neutral on movement, what I am saying is that if you aren't watching to see if this potentially plays out, then you are adding significant risk to your trade. Notice in both instances that price retraced to the 23.6% level on a sharp drop after completing an ascending wedge. That drop landed price within the previous trading range. In the April movement, price then moved up to the 61.8% level prior to the squeeze, which is what we are watching for in the current movement. Also, as mentioned, in both instances shorts were reaching toward/creating a new ATH. Shorts are currently sitting at 38,576 while the ATH right before the April short squeeze was 40,719 - just a stone's throw away. The shorts/long ratio is now sitting at 1.4888. In both cases we have parabolic increases, but for every action there is an equal and opposite reaction (short squeeze in April). That reaction is where the potential lies to move price through the descending wedge's resistance. Again, I'm not guaranteeing this will happen or even stating that it is strongly likely to do so, only that I am watching price and if it continues to mimic this pattern then I plan to trade accordingly with appropriate risk management because even if price does as it did in April, there is no guarantee that it will complete in the same way. However, if it does then we would likely see a new higher high above $8500 and that would give us a bullish trend on a multi-month scale with a higher low and a higher high. The horizontal red lines denote expeted resistance if price pushes upward, similar to what we saw in April.
Of course the other likely thing that could happen at this point is continued downward momentum. In that case, it matters to me whether or not it is hard and fast, like yesterday, or if it is more subdued. If the former, then my expectation is the completion of a terminal shakeout. As I have continued to state since June, if that happens then I am looking at $5450 and $5250 for support. I remain on the fence about a move below $5000 in such an event because the new low would be so much lower than our current low. Terminal shakeouts aren't meant to go significantly lower, in general. However, there is liquidity right below $5000 and I could see the potential for a wick down below it thereby setting off a lot of new longs that have been waiting in that area. If it is the latter, then I feel that we are more likely to continuing heading down further and experiencing a longer corrective cycle. But, as I have pointed out during the live streams, the dollar index appears ready to fall. Bitcoin has moved opposite of the dollar index in much the same way that gold has, so I give it the most weight in determining what happens with Bitcoin. My expectation is that if we see the dollar index drop then we should see Bitcoin rise. And if we see the dollar index rise, then we should see Bitcoin fall further/remain down.
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.
The short squeeze is comingThe amount of shorts on Bitfinex approaches 40k. Looking back, the crowd rarely earns money that easy. When shorts are getting too obvious, the short squeeze happens. A big player needs to move the price a bit up to create a waterfall of margin calls and make the move much bigger. Since we have the record on BTCUSD shorts, I expect a significant bounce above 7000. My conservative bet is close to 7500. On the other hand, if we could pass the previous top at 8500, that could possibly mean the end of the bear market. I don't believe it will happen this time.
BTC SHORTS VERY HIGH.. SHORT SQUEEZE?The last time BTC shorts were this high, we saw a heavy short squeeze causing a drive in price by 2,000 within a week span. Could this be a huge sign of a bullish reversal?
Look for confluence on volume and candlesticks for a breakout today-the end of the weekend.
Let me know what you think about a possible short squeeze!
This is my personal opinion, this is not investment advice, invest at your own risk and good luck trading.
COMPLETED 10:34am (UTC-7) LOS ANGELES
BTCUSD: Bearish Bar But Accumulation Continues?BTCUSD update: Short squeeze erupts into a vertical move that takes prices to 6900 in a matter of minutes. This was the scenario that we were anticipating which we shared with our members a week ago. The swing trade that we called at 6189 was taken out at 6824 which was our predetermined target. As price continues to stabilize, we are on the look out for the next long.
At S.C., we follow best practices which keep us from reacting to market noise like so many "experts" had during the price action leading up to the squeeze. There were a few short triggers and tests along the way, but we stuck to our original plan which was to let the probability of the location play out.
Now the objective is to isolate the next high probability long setup. Since the bullish trend line is still intact, it is just a matter of waiting for a compelling pattern to appear. Once again, this market is shrugging off bearish patterns like the pin bar that printed after yesterday's squeeze which makes the bullish argument more compelling.
In summary, even though the current price structure is not very impressive, we continue to anticipate further strength. The reason? This market refuses to produce any significant bearish arguments like a close below 6K. We categorize this type of price action as a slow accumulation since sell signals continue to be absorbed.
Like we have been saying all along, the general location is more attractive for the long side. Between the 6K psychological support, the broad .618 support zone (8171 to 4983), and newly established higher low, price is still poised to go higher. We will continue to look for longs until it proves otherwise.
By keeping the focus on anticipating rather than reacting, we are essentially letting the market come to us. We do not force trades, jump into low probability trades or entertain the noise. It is very common to over trade in an environment like this, especially if your plan is not well defined. High probability trades are infrequent and in these markets, if 2 - 3 swing trade setups trigger in a week, that is a lot. The first step to minimize over trading is to anticipate price, not react to noise.