BTC Short Chart... History repeating itself? This is for educational review. This is not financial advice.
Wanted to show that a short squeeze can move the price up impulsively on the flip, but doesn't indicate a bull market. More likely just the big boys taking retail heroes money who don't have enough margin to cover shorts. Everyone was eyeing 7500 as a stop loss but the real stop loss is at nearly 9K before we reach meaningful levels. Got to have deep pockets to play in the range we're in now, unlike 10-20K.
M
Squeeze
BTC Short Squeeze to 8kYeah. I can see it happening next week.
If we gain any momentum at all we will squeeze these late shorters.
I am betting on a play to mid 7500+ with enough juice for an 8k profit point.
Good luck. Manage risk. We were 4/4 last month on trades with a profit target of 3:1 or more. My analysis shows a strong probability of a short squeeze in the works.
IOST Potential; support lines converging at squeeze pointWill update this once I see a stronger signal
The Squeeze Continues - Support and Resistance Levels Earlier this week, BTC had a fantastic bounce off the 2D long term trendline that I have shown on the chart above and more clearly on the one below.
We are now facing minor resistance at the .382 fib extension, with the major downward trendline not much higher above.
Failing to break through this first level of resistance would likely be a continuation signal, which ultimately could send us back down to test the 2D trendline once again.
A break below the 2D trendline will be an extremely bearish signal. considering that this TL has not been broken since its creation in early 2017.
IF we fall below the 2D TL we have another major TL down at the 4k range and then the 2k range below that.
As the squeeze continues, is very unclear which way BTC will choose to go.
This bounce showed that there is may be some light at the end of the tunnel, however we're far from in the clear.
The chart above shows both possible support and resistance levels regardless which direction BTC decided to go.
Please trade carefully.
Wish you all the best of luck.
2D Trend Line Support:
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BTCUSD - 1 hour chart SQUEEZE IndicatorLooking at BTCUSD on the 1 hour chart, there were two hourly squeezes that would have worked out nicely for potential trades.
Both squeezes fired off LONG and a subsequent large rally in BTCUSD was seen for nice gains.
Trade entry - after red dots turn gray (Squeeze ends)
Trade exit - at peak of histogram (histogram begins to trend lower; programmed to change color)
SQUEEZE active - RED dots
SQUEEZE not active - GRAY dots
SQUEEZE fires off - GRAY dot after 1 or many RED dots
Note: A squeeze is defined as the Bollinger Bands (BB) moving inside of the Keltner Channels (KC) for this indicator which shows low volatility in the price action and energy build up for a big move.
The SQUEEZE indicator I am using has 20 period EMAs for the BB and KC centers and 2.0 std dev and 1.5 multiplier for the BB and KC bands respectively (not shown on chart; only on indicator dots).
Happy Trading!
~KP
BTC possible channel squeeze.Here we have possible channel squeeze. Last week since we started the downward movement, we had a lot of different patterns. Bearish flag made us break out to 7600 level, where we found a support and had a bounce. Now we are forming possible another bearish flag. Yellow lines show the channel we have been squeezed for few weeks already. Major support and resistance levels to watch out on the way down.
If this is a bearish flag, that looks very similar to previous one, i expect to see us reaching 8140 levels and testing the bottom of the flag. Consolidation period and break down according to the channel.
Lets see how it plays out.
ICX In A PinchICON appears to be in a similar situation that we just saw Ripple in before it broke out sharply (and then bounced back down just as hard).
Huge bullish divergence in all the right places. If you check the 15m and 30m charts, where alt coins tend to be more responsive than the big players, the divergence persists and we can see a very smooth and gradual rising of the lows on the MACD that appear to be consolidating to zero towards the apex of this squeeze. Could signify longer-term long positions.
After the way XRP played me last night, I'm weary of taking on a new long-term girlfriend, so I will be proceeding one candle at a time here.
Wait for the breakout! Set stops accordingly!
Cheers!
-B
*This is not advice to trade. If you would like to take everything I just wrote in this post and create an abstract message from it where I'm subliminally encouraging you to be a better version of you and to love everyone around you, then by all means, take this advice. But don't trade just because I said so.
APPC/BTC - 100%+ Potential TradeBollinger Squeeze - Bullish RSI - On support line
Plenty of events this month, high volumes forecast!
Good luck.
OST UPDATEA quick little update for OST ,
Early this morning we got news of OST partnering with Unsplash, a company that is a free photo library with a Huge community.
This pumped up the price a bit a to 3500 sat, and volume is increasing from 70 btc/24 hours to 300btc.
To add the squeeze has been firing for the last day or two, and ive come to trust the squeeze.
Please do your own research if you find this information valuable.
Large trade opportunity GBPJPY downward breakoutBased mostly on the bollinger squeeze and dilation which points to breakout and the direction is most likely downwards. ascending wedge which more often than not points to downward break. price is moving down at this time although trend is still up which is cause for wearysome.
Po.et POE BTC Forecast - SqueezePOE chart looks like its about to squeeze. Current support in combination with trend line stands at 824 and if that fails 800 fib support comes into play. Lower support stands at 600 which could be achieved if BTC bleeds closer to $9,000. I suggest traders to wait 824 to test before jumping in.
1st Target 940 (14%) Not featured in chart
2nd Target 1,050 (27%)
3rd Target 1,150 (40%)
CEO news will definitely fuel hype and give POE the much awaited pump. With the right volume all three targets should be achieved.
This is not an investment advice, always do your own research.
Trade Idea Of The Week In KTOS!Please note that I am a swing trader. When I enter a position I am looking to hold anywhere from 1 day to 3 months depending on the momentum, but the average is around 7 market days for my hold time. I think it is important to know how we're looking to trade this as different strategies will provide different results even on the same stocks. Here are some quick bullet points on why I like this stock for this week:
-The aerospace and defense sector is looking extremely strong right now (although somewhat extended like the rest of the market)
-The monthly, weekly, and daily charts all look coiled and ready to go higher
-Price looks to be firing out of a squeeze at longterm support
-Volume is picking up nicely
Remember to always trade within your system and trade what you see, not what you hear, feel, or fear.
Best of luck!
WRLD nice breakout earnings friday High short read belowbig psychological level. Not all time highs but very near it. Interesting story because there was an investigation by cfpb on it which they recently dropped explaining the rise in the stock price recently. PE seems relatively lower compared to general market and investigation was probably the reason. Good beat and decent growth could see this stock move. Eyeing this closely tomorrow.
Trade Idea of The Week In COT!First off, please note that I am a swing trader. When I enter a position I am looking to hold anywhere from 1 day to 3 months depending on the momentum, but the average is around 7 market days for my hold time. Here are some quick bullet points on why I like this stock for this week:
-This sector (food and beverage) as a whole looks coiled and ready to go
-The weekly chart on COT is also looking strong in an upward trend and it is pulled back to the moving average.
-The price is beginning to move higher out of a squeeze which can make for some explosive moves higher
We believe in trading with the overall trend and the sector strength at our backs. This stock is a perfect example of a high probability setup that we are looking for! Lets see what happens this week!
Swing Trade Idea in PHM!We really like to keep our charts simple and momentum in price action is the most important thing to us. One of my favorite setups is a squeeze because it allows me to get into a stock or option before the large move has been made. This is obviously really nice when you trade with options because of the greeks and implied volatility starts working for you. Here is some brief bullet points on why we like this setup:
- This stock has consolidated back to the 21 day moving average after a very bullish move.
- The price is in a squeeze and is starting to fire out of that squeeze to the upside
- There was good volume on the move higher today
My strategy is based on swing trading stocks and options. My hold time averages around 8 days, but can go as long as 3 months depending on momentum and price action. Please make sure to have an exit strategy in place at all times no matter how good a setup looks...anything can happen!
BTC prediction for next 4-6 weeksReadjusting Bitcoin's lifetime dynamic support for the dips in Sept., Dec., and this recent January dip....it's plausible we are actually still in a consolidation period that could be drawn out for the next 4-6 weeks before a major decision point must be reached.
This newfound stability and consolidation makes sense given the broader exposure of BTC and the addition of multiple futures markets.
After this period BTC's price action will move up or down, which is anyone's guess, but the move will be drastic and than is for sure!
XRP to $0.70, then breaking upward out of channelXRP will continue to fall to its 786 fib, where it also shares support with the MA(100) @ $0.70. Near Jan 21st, XRP will enter a TTM squeeze and break positive out of the channel upward out of the downward channel by the 23rd. It may bounce off of $1.00 and out but I would find this highly unusual and overall detrimental to the stability of the coin.
Upvote if you agree, I'm new :)