Bitcoin action December 2021BTC consolidating now for the next week or so before a breakout to the upside I hope! I have all trend lines from the recent 9-10 months for BTC. These are just "lines on a chart", but the trendlines hug price action today. Hopefully this helps your trading strategy!
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BTCUSDLONGS trade ideas
BTC short squeeze?Here is a simple chart.
These are the leverage and non-leverage short positions on Bitfinex.
On-chain analysis suggest that the leverage position is at an ATH, however, there is no way to know whether are long positions or short position.
considering
- fear and greed index extreme fear (21-30) in the market
- whales accumulated 2.36 billion in the last 2 weeks
- MicroStrategy bought an additional 400 mil BTC
- BTC exchange reserve all-time LOW
WHAT HAPPENS NEXT?
- SHORT SQUEEZE
- LONG SQUEEZE
COMMENT BELOW WITH YOUR ANSWER (explain if you like)
Reversal weekend incoming!Good news for all of you crypto heads! The reversal is coming sooner than later. Why? Because we see a massive spike in shorts which means a massive spike in market maker longs (opposite side of the contract), coming from an ALL TIME LOW and hitting the breakout target from the falling channel / wedge. Furthermore, we have US10Y dropping massively along with the DXY, gold isn't doing well either. So there's nowhere to hide for hedge funds / stock traders than staying in their inflation hedge position; which is the S&P500 or the Nasdaq. If that wasn't good news already, the BTC / ETH options have expired resulting in billions of profit for the market maker; for your reminder; my max pain price was 54K and guess where we ended up?
Of course we could have one last wick to the downside with 52,5K and 50K acting as good support. This could be favorable for the very short term to push the bears for more shorts and thus the market maker for more longs. However, I do think the end of the dump is in sight, market is massively oversold and I expect mr. weekend market maker to have some bullish fun this weekend. The weekend market maker is usually cowboy style with big pump and dump behavior, lets go for a pump! I am DCA'ing buys on bullish alts at the moment. Deploying 50-70% of my cahs and leaving some on the side for an extra dump. The market will come back in balance, liken it always does.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
BITCOIN SHORTS are Trapped! From Maximum Bull to Maxi Bear PainAccording to this chart and information from datamish, it appears that the tide has formally turned in the favour of Bitcoin Bulls taking the reigns from overextended robobear BTC Shorts operating in the darker regions of cryptosphere. Shorting the Bitcoin Short/Bear so it's ultralong Bitcoin as World Reserve from $55K or so... Anything under $100K for real Bitcoin is a steal. Don't buy the unbacked fake and fraudulent US "regulated" Bitcoin fake ETFs ad Funds. A total US clown show the World has had enough of! Let's get to real fair trading, Bitcoin with it's math, truth and verifiability, is the King.
Bitcoin -- Potential Cup and Handle Pattern Forming Bitcoin has the potential to form a very nice cup and handle pattern as the market stabilizes following the dip from 69k. This cup and handle would imply a move to near 80k and a test of the top of the channel which Bitcoin has been in since July.
All the best,
Jason
BTC long/short ratio down 75% since correction startedBTC long/short ratio is down 75% and sitting on support area. It look like short squeeze is done but ratio is still 20:1 to longs.
One final squeeze to clean longs wouldn't be so surprising considered that ratio is still to high.
Not so long time ago it was 3-4:1.
Bitcoin Multi-Timeframe AnalysisYou can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Hourly Chart: Downward regression channel (Bearish)
Daily Chart seems to find support at 58500, closing below this level could push bitcoin down to 52K.
Weekly Chart: A candle with a long upper shadow followed by a bearish engulfing candle after a bullish rally is not a good sign! (Bearish)
Monthly Chart: Gravestone Doji..! (Bearish)
Conclusion: 58-60 k is a very important level and reaction to this is critical!
In the past few days, we see red candles with long bodies and greater numbers in comparison to green candles which shows sellers overwhelm buyers!
consolidation between 58-69k could be the most probable case for a while!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor or a certified financial analyst or an economist or a CPA or an accountant or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Movinng toward 69KIt seems Bitcoin is moving toward 69 K and we should see the reaction to that level!
A long position here has a 2:1 Reward to Risk ratio.
I think this could be a practical target level for this week!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
BTCUSD SHORTFor more daily Analysis, please go ahead and follow me. All charts are annotated and thoroughly described for the benefit of traders.
Here we have our BTCUSD chart.
You can see how we have rallied right up to new all time highs.
You can also see how price reacted before and is reacting now.
We are way off our MA's and there is notable support below.
It is for this reason we are short on the rise up.
It is important to understand that we are now at previous high prices. We like to buy low and sell high..!