Short squeeze! Thank youWhat is a Short Squeeze
A short squeeze is a situation in which a heavily shorted stock or commodity moves sharply higher, forcing more short sellers to close out their short positions and adding to the upward pressure on the stock. It implies that short sellers are being squeezed out of their short positions, usually at a loss, and is generally triggered by a positive development that suggests the stock may be embarking on a turnaround. Although the turnaround in the stock’s fortunes may only prove to be temporary, few short sellers can afford to risk runaway losses on their short positions and may prefer to close them out even if it means taking a substantial loss.
I WARNED! SARDINES BOUGHT
Shortsqueeze
BQX ShortsqueezeI think we're currently seeing a short squeeze causing Ethos to shoot over 100% in the last hour. Traders who sold in the 4000's are currently covering their positions. RSI in all time frames are very oversold. I see price going back to the 3000's in the next few days. I have checked their reddit and chatboard and there is no news that would explain this pump.
Give me a like if you agree. Leave a comment if you disagree.
BTC Next 8 days -> to 3880 (4000) > Sideway > New LowFirst, please excuse my English as I normally speak German (Switzerland).
I expected Btc to move higher last Wednesday/Thursday Night, but instead of that it took two hard beats without real bonces. It looked like the first down move again was an unnatural move which could be triggered because of:
Whales filled their shorts in the days before and began to sell -> break out traders joined => leveraged longs began to stop out and pushed the whole mess down.
So we are now in a range between 3650 and 3750 for some days. There was always some support below 3680 and also some resistance above 3720 - both directions without real volume. It could be a sign that the big boys are waiting until Monday for open Markets and more volume and begin then the next move.
I think it is totally impossible to predict who this move will loke like as it seems to be very easy for big players and their Telegram Groups to trigger up or down moves with combined just some 1000 Btcs and then the long or short squeeze will do the rest for them. So its 50:50 and traditional TA beyond Volume is not really helpful - especially Fibs, Eliots etc...
My feelings are that they are not finished yet with us and will initiate a short squeeze with a potential wick up to 4000, sell then immediately down to 3880 and then we continue some days in a range around 3800 / 3900 . Saturday night is manipulation night (yesterday surprisingly not) and they could initiate a long squeeze and then Monday 21.01. the big breakdown. We have not yet seen capitulation yet - but eventually it will never come. There are just not enough retail Btc holders anymore and in the worst case the big boys will play this game down to 1000$.
Thats the plan I will stick to. Long for very short term: Small position with SL around 3600 and TP around 3950 /4000. After that I would open a small short position.
Good luck everybody out there and may the force be with you.
$BBBY Possible Parabolic Short Squeeze Gap Fill Coming AheadBased on this chart (using fib retracements) and current short float (26% - according to shortsqueeze.com), I have notated possible targets for the next day or two. Could go as high as $18 on a parabolic short squeeze to fill the most recent gap.
Buy All The Crypto - Short Squeeze is Here!Litecoin is about to explode higher. Most of the Coinbase coins will likely follow Bitcoin through the next resistance level, but beaten-down Litecoin and BCH(ABC) are set to gain the most. Both could double in a matter of weeks. Just buy every dip until proven wrong as crypto squeezes higher. I'm even buying XRP and XMR here lol
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
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!