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Squeeze

Possible short term trade / short squeezeShorts are ramping up again and a squeeze could be in order. Keep in mind this is a counter trend trade so don't expect this to go beyond previous highs. What I would suggest is look for an entry in the 397 to 414 range and aim for 580 as profit target. This is a high risk trade. Other indicators are also looking ready for a squeeze, it could take another 1 to 3 days before there is enough build up selling pressure to squeeze. -RSI is almost below 30, aiming for 25-26 ish. - Up trend line is in the 400 area - MACD bearish - Buyers have left the space looking at the DMI, needs a bit more selling pressure. It's currently at a 9.1 (green line) and would like to see it at 7.8 or 8. - Shorts are high. This is no exact science and lots of selling pressure could send us tumbling through the uptrend line etc, because we are still in a bear trend. So instead of placing limit orders right now and hoping for the best, it probably is a good idea to set an alarm at $432 ETH and look at the price action from there. If you see buyers returning on a smaller timeframe (1H for example) then a swing trade long could be in place. Be careful out there ;)
by GoingDutch
EOS greed - short squeeze might happenShorters are too greedy in EOS. EOS dropped 30% in the last 24h and too many traders are still thinking it's an easy trade to short EOS. But they forget to watch EOSUSD SHORTS chart. This chart says that EOS shorts are still builing up, but shorters are not able to push the price lower anymore. That's the same situation that happened to BTC on 12th april 2018. When shorts are accumulating at the same price level, if bulls manage to push the price higher in a green pump, shorters will start to close their positions. And when there are many short positions on the same price level, this results in a massive "short squeeze". Of course don't forget that shorts building up and price not moving down is not a guaranteed indicator that price will go up. Bears can still win and push the price down in the end and close their positions normally. But.. if bulls manage to make a push, it's a very bad situation for the bears, as all of the will start closing their shorts together (= buying). BTC shorts are also on a rise, with BTC daily RSI touching oversold level, history shows that we always had a rally after that. This is a good time for long EOS position imho. If you're not sure about that, just wait for the squeeze pump to enter. Also EOSBTC is in support zone atm (0.00160 - 0.00167).
BITFINEX:EOSUSDSHORTSLong
by Da-One
SGYP Is Setting Up for A Big Move!SGYP seems to be setting up for a big big move. The Squeeze Momentum Indicator has been forming a triangle which is now about to close and the crosses in the indicator have been black for some time meaning that a release of the squeeze should be about to manifest. My guess is that spike will be to the upside, and it could go as high as 3.60$ (90%+ appreciation), which is the 0.382 retracement level of 17's highs and the 1.618 retracement level of this year's highs.
SLong
by ArthaVidya
1
Fat cup and handle (C&H) on ZRX on the 12hrLooks like 0x ZRX is going to pop out of the triangle in the coming days. Looking for it to bounce up and test .000215 sats, then retrace down to .000195 range before continuing past resistance. 20 day EMA looking positive still for the run. **Full Disclosure** I'm not a pro trader, just going off of what I've been learning the past few months. Definitely not financial advice, do your own research. Any feedback is appreciated. BINANCE:ZRXBTC
Long
by lazaromke
Why BTC fractals are not always trustworthyHello! In this chart I'd like to show that you can find nice fractals everywhere, because fundamentally markets are driven by human mass psychology and since this mass psychology doesn't change, the patterns also repeat. But are they always to be trusted? No. One has to look at a lot of different factors and check if the situation now is similar to the situation of the comparison fractal. In our case here, many people expect a nice pump like the one in the beginning of april. However, even though the pattern before the pump looks very similar, the market conditions now are quite different. One has to realize, that whales play the market in order to make nice profit with leveraged longs and shorts. It is very easy if you have a lot of coins. You look at the ratio longs vs shorts. If for example one is much higher than the other, i.e. shorts much highter than longs, you can create a short squeeze, with one strong buy. This triggers a cascade of shorts that are closed, forcing the price higher, closing even more shorts, a short squeeze. Those whales wentl leveraged long before that, and made some nice profit, and sell their coins alter for a higher price, because the ensuing FOMO drives the price even higher. A win win for them. However, as you can see, now the situation is quite different. Leveraged shorts are much lower, in fact, the longs are much highter than the shorts. This means that one should not count on a short squeeze like the one beginning of April. From looking at the overbought 4 hour and 1 day stoch RSI, a declining price is more likely. I say more likely, because one can only speak in probabilities here. I give a 70% chance that we grind down, and a 30% chance that we still go up, despite high longs. When trading BTC, it is always good to look at the long/short ratio, because then you have a good overview of the general market sentiment, which is more bullish than bearish now. And most of the time it is good to do the opposite of what most people do, hehe XD. Since I like doing the opposite of most people, I have a moderate short position open atm.
BITFINEX:BTCUSDShort
by SebastianofMoon
2
BTC on the daily - A clearer picture formingAs we take a break and some time to breathe after this relentless bear market, I would like to show some general levels to be on the watch for on the daily: The general trend line support (orange support line) is not a level I take too seriously. With every new low we get, a lot of people just move it down and down and down. I see it as a general level I watch for in order to set targets. However, IF we did indeed found bottom here at 7062 then the trend line support is indeed indicative of a good general support level. The general trend line support, together with the general trend line resistance (here in blue) show a general trend of BTC after its all time high. Bear market? Yes. But what I think is even more important than that, the movement seems to be forming lower highs and higher lows(In other words, a wedge). These lower highs and higher lows are converging towards a point of decision for BTC. If we will then breakout of the larger wedge, then we can see another larger bull run. If not, then long and boring ol' accumulation floor it is! The red bars are what I believe to be stronger resistance, possible future support, levels. Rght now, the large green dildo that blew us out of the 7k range is testing the first resistance level. If we reach near it, I will pay special attention to the 7750 range, as it is apparent confluence between the 0.23 FIB and resistance. As of right now, it is still too soon to see if this reversal is indeed a bounce of the current bottom, if it's a short squeeze or if we are in a bull trap. Based purely and solely on my instinct , as I am waiting for more data to come in, I think we will resume the downtrend to AT LEAST test the 6.9 range.
BITFINEX:BTCUSD
by CryptoPixel
2
Bear squeezing and the next big move.Alright it has been a long 24 hours or 48 hours..... shit i can't remember. I haven't slept in awhile and I need more coffee. Since my previous wedge was broken due to market manipulation...*GASPS and DISBELIEF*. I have been watching closely to see what BTC is going to do; and making a tidy profit on Bitmex riding the wave of manipulation . It looks like we are finally in for the almighty rip back to relative normalcy(I think that's a word). Watch for another dip to the 7570-7550 range and then hold on to your seats cause we are going to rocket out of this bull pennant(hopefully squeeze a few more bears along the way) Or.... Soros and Company will drop our asses to 6500 and destroy every long position along the way. happy trading. lolololololololololol
BITMEX:XBTLong
by Crispier-Bacon
Lets do this one more time! The Shorting Squeeze returns!You can see that we went through a 'mini' downtrend. You would expect that people would learn from the previous super squeeze but once again the point where people start opening most shorts is after this 'mini downtrend' is completed. With the price remaining static for already few hours and what looks to be a 'Trolling' rising wedge forming there is a good chance that the people shorting are going to fuel the pump straight through this resistance. As you can see the shorters are rising rapidly. I'm not sure how big the effect is going to be this time but for sure it would create a big green stick. Please remmember that this is just a scenario. Do your own research, humans make mistakes. Goodluck, VIncent
KRAKEN:BTCUSDLong
by CivilisedWolf
25
BCASH Shorts on finex are currently parabolic (possible squeeze)Some big players have been shorting bitcoin cash since 950$ which hasn't worked out very well so far considering its currently at 1550$ which leaves many of those shorts trapped pretty hard (millions of dollars worth of shorts), which leaves me expecting a possible squeeze causing these shorts to collapse sending bitcoin cash up a couple hundred bucks and possibly up to 2000$, (I will personally start building a short position after that happens)
B
by SkiMaskTheSlumpGod