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Squeeze

LTC hit bottom? OR drop to $5-10?Few different key things to think about in the coming days and weeks. After the good news for the crypto market when the SEC said crypto ETF is a serious possibility and LTC's new collaboration, we saw all the cryptos shoot up in value. With LTC rising nearly 34% over the last couple of days. But the key thing to think about, (I am a Bull so I want this to be the bottom but I cannot have tunnel vision. We see what we want to see) So LTC, after doing so well, will most likely see a correction. The degree of the correction though is the real question. A possible drop to $5-10 is definitely not out of the question! RSI is running very high, and staying high so this a bullish sign. However, LTC could also be forming a large bear flag on the 1 day chart. If the bear flag is validated then a price drop to $5 is very possible. Also the Bollinger bands on the one day support that correction. We could see resistance in the low $30 range as there will be a double bottom here if the bulls can resist. If the bulls can hold on and we see the $50 heavy resistance break for the bears, and the bulls can keep it there, the probability that LTC has bottomed is defiantly increased. However if we loose the resistance around $30 and can't hold, then the price might very well plummet. Like I said I am a bull so my hope here is that we see the bottom here and the 2018 bear market can come to an end. However we have to be open minded and patient. A short to $5-10 is definitely not out of the question and neither is a short squeeze to $50 +. I am very much a beginner and just want to make observations and learn from them! My simple analysis is for fun and learning, please do not make trading decisions based on my observations - like I said I am just a beginner. Thanks so much for reading my analysis, please follow me and like my post! - Max K.
KRAKEN:LTCUSD
by MaxKoke
AAPL Squeeze PlayNASDAQ:AAPL is offering some excellent risk : reward to the upside in the 160-170 price zone for a longer-term (daily/weekly) trade. Closing the week above the weekly bottom of the Ichimoku cloud and 100 SMA should set up for a potential short squeeze following a weekly gap that opened below both. an entry either on a pullback as pictured around 168, or wait for a daily close over the weekly 100sma around 171 would both work. There's a delicious gap between ~169.50 - 174 from April of 2018, and in the last 2 weeks, this zone has been passed through relatively easily (similarly to what we saw in April). Finally, bullish divergence on the RSI on the daily and potentially on the weekly as well. Liberal bullish targets would be the weekly or the daily 50 sma, or the down trendline from ATH, whichever is hit first. A more conservative target would be just below 185, which acted as previous resistance and then support before the run in late summer of this year. A daily close or gap below the lows from May likely induces some selling, at least intra-day, so if you don't want to own AAPL long-term, a stop loss below 160 may work, but realize that the path higher could include a test below and close above the weekly 100 sma /Ichimoku cloud. Note the orange weekly Chinkou Span/ lagging line on the ichimoku system appears to be bouncing off the weekly 50 sma.. Potentially bullish confirmation that this line will act as support in the near future once again. So starting a position anywhere between 150-180 in longer-term accounts seems like a reasonable plan. If I already owned AAPL, I'd still consider adding anywhere in the 160's. If we do see the market hold and we don't get a weekly close below Mondays daily close at 169.60, it's possible it is never tested again. The monthly chart suggests we either hold around here or could be headed for 135-140. This also means a failed attempt to squeeze higher and a weekly close below in the next few days could set up a very nice short-sided trade.
NASDAQ:AAPLLong
by Red_Ben
Why most BTC long-term charts is WRONGHey all! Welcome to this short but interesting BTC long term analysis. I see a lot of people literally PANICKING atm. because of the break of our current long term log-trend. What people might not realise is that these types of trends is NOT working well with BTC over the long term. Just look at the chart. Over the last 8-9 years we've had 3 long term logarithmic trends, which all have been failing. Even though we broke through the trend back at $5, did it matter? We did eventually go to 19k. Seriously speaking, people need to relax and just go with the flow. These market cycles happens all the time in different markets, so it's clear it's many "new" people in here which have never ever been in a bear-market. We have not yet found and tested the trend I got in this chart, which I personally got more faith in; BLX got the most BTC history from back at $0,05 showing all the cycles and big-trends. They've all failed, but we are still not at $5, are we? See for yourself Agree? Hit the +1!
BITSTAMP:BTCUSD
by Pineapple1k
XRP Buy Candles Triggered Before Major MoveHere we can see the DBT Squeeze Buy Candle triggered on the 2hour time frame right before the major move up, and again before the second move up. These Buy Candles triggered on almost every time frame. The first move was 21% from the close of the first candle. The second move was 34.84% from the close of the buy candle (even though you would of entered much earlier). The first take profit candle was triggered at 14%, the second buy candle has not formed a take profit candle on the 2hour, but has formed on lower time frames.
Long
by DejaBrew
Bitcoin Daily Update (day 204)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 learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison led to the following predictions: 1 day - 28 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis /position: “This bounce should provide a good opportunity to build a short, if you are not already in one. There is major resistance from $6,375 - $6,667” / Short ETH:BTC from 0.03143 | Short ETH:USD from $211.96 | Short EOS:ETH from 0.0252326 Patterns: Descending Triangle, head and shoulders Horizontal support and resistance: S: $6,233 - $6,250 | R: $6,350 BTCUSDSHORTS: Pulled back yesterday and appear to be taking off again. Funding Rates: Longs pay shorts 0.0055% 12 & 26 EMA’s (calculate % difference): 12 = -2.81% | 26 = -4.74% 50 & 128 MA’s: 50 = -6.05% | 128 = -10.08% Volume: Big hourly volume on sell off FIB’s: 0.786 = $6,377 | 0.886 = $6,248 | 1.618 = $5,330 Candlestick analysis: Ichimoku Cloud: 4h cloud continues to act as resistance TD’ Sequential: 4h doji indicates incoming volatility Visible Range: Testing point of control with 1m - 12m lookback BTC’ Price Spreadsheet: 12h = +0.94% | 24h = +1.73% | 1w = +1.32% | 2w = -0.77% | 1m = +0.12% Bollinger Bands: Last spike retested MA Trendline: Trendline I drew yesterday was holding strong, last rally broke through it. Daily Trend: Bullish Fractals: Up has $6,555 did not break on last pump (yet) | Down at $6,050 On Balance Volume: Starting to move up faster than price on daily ADX: Still indicates trendless market Chaikin Money Flow: Bear div’ on daily RSI (30 setting): Weekly = 48.84Daily = 46.18 Stoch: Re crossed bullish on daily Summary: Buckle up your seat belts and get ready for some volatility! If you have forgotten how hard and fast these markets can move then this morning was a bit of a wake up call. Last week I said that I wanted to see a quick spike up to $6,700 in the form of a short squeeze to act as a shakeout before the breakdown. The pump briefly broke through the horizontal resistance line that I have been watching for two weeks. However it quickly pulled back down and formed a nasty wick on the 1 hour chart. Now I am watching for the price to re explore that wick before continuing the down trend. These wicks being re explored can often provide low risk entries. I like to set sell orders around the halfway to three quarter market of the wick, in this case that would be $6,490 - $6,525 and I place the stop loss slightly above the top of the wick ($6,601). As usual I would strongly prefer to short ETH’ due to how much weaker it has been at every step of the way. I also have an order set to short EOS:BTC at 0.0007474. Click here to read that analysis.
BITMEX:BTCUSD.PShort
by Sawcruhteez
6
Squeeze from M30 to H12, big volatility expected soonOn all the time frames from M30 to H12 volatility is very low but on the 4H it hasn't been under this value since Jan 2017 so we expect to see high volatility in the next 24-48 hours. How can you trade this? You use Stop Buy above the upper band and Stop Sell below the lower band. This is not the most accurate strategy, usually there are fake-outs so don't forget to put a stop loss. We will place our orders above the green band and under the red band.
BITFINEX:BTCUSD
by JohnNMex
1
Bitcoin, The Great Shakeout| Short Squeeze FractalThere's a short squeeze brewing, all the bulls know it. Perma Bears are still shorting. What's the big picture trade? Well, our previous long entry at $6040 for the squeeze was viable and currently still in profits. A hedge Short was opened at $7370 Analysis of the previous squeeze occurring on 4/7 demonstrates a possible fractal in 6 phases: Phase 1 Swing low, followed by an initial peak , Which are labeled on both charts. (swing low) (initial Peak), During that period BTCUSDSHORTS declined. Phase 2 Initial peak to HL (higher low) Once again labeled on the chart. BTCUSDSHORTS climbs Then Phase 3 C1 C for channel, in both cases a rising wedge. That bounced off 61.8% fib Previous fractal was a perfect bounce, this time around, not quite. The end result is a LH, lower high BTCUSDHSHORTS pullbacks, then goes parabolic Phase 4 Knife A pullback from LH @ CI, to form HL2 @ fibo %23.6 Expected current target for BTC HL2 $6400 Phase 5 C2 Projected in the near future, yet present on 4/7 fractal. C2 should draw in even more Shorts to squeeze. Climbing from fibo %23.6 to %50 Phase 6 Final Shakeout, Drop back down to fibo %38.2, Then the rest is history. Initial Target after squeeze, is $10,000 @ Fibo % 161.8 If you're asking why, Well observing the Shorts chart, Bulls need to give up hope, and bears need to believe they're actually winning. The objective: increase leveraged shorts for a mega squeeze burn out all the bull hopium Shake everyone out, then finally Moon it :)
BITMEX:XBT
by Fibwizzard
2