updatebtc shorts increasing. Still believe all the wicks below will be filled a full body candle. When that happens most likely will be the top for btc.
BTCUSDSHORTS trade ideas
ConfluenceShorts decreasing heavily, would need to close with a small wick for one confluence to log btc. Has until jan to make a decision.
Bitcoin Shorts Increase Per Cradle Reversal Pattern
On March 27 I went on a kindred spirit's idea titled:
12 Things That Suggest BTC is a Speculative Bubble
I posted this comment:
"I don't want to impose. Therefore I'll ask the author for a posted chart since the the March 14 high on BTCUSD Shorts. Thanks
On the current hourly chart it looks like a cradle. Someone is rock'n the cradle! YEAH!
Notice how low the volatility was, aka a Bollinger band squeeze since the low on March 25 approx 13:00 EST until today approx 09:00 EST. Then notice what occurred next. BOOM, short positions exploded upwards!"
Earlier today I posted it and it appears to have disappeared. Therefore I decided to post it here.
As this chart indicates per my markings since bitcoin's peak on the March 14 2024, I believe a cradle reversal pattern has formed at the low of wave 2 or B(pink circle).
I decided to post it based on the 4 hour time frame.
BTC Shorts and PA - Rinse and RepeatIllustrated on the chart are the short spikes coinciding with market dips. Each recovery was tied into the closing of the vector shorts. Shorts are currently closing again.
The trend is your friend, based on this i expect the same.
If it was all a short squeeze, it was very efficient. What a long way we've come from the panic over the SBF thing.
When I posted the points warning of a short squeeze coming the short interest in BTC was over 9,000.
Today, the short interest in BTC is at an all time low.
We now into the area where there'd classically be most risk of a rug pull setup in BTC, but we have very few people interested in betting on it.
Shorts underwater again.Just a quick one.
Textbook example of a dump to grab liquidity and trap late short sellers.
Bulls grabbing fuel to help drive the next leg up and wash out over leveraged long positions.
You can see pretty clearly using the bixmex short positions vs btc price.
BTC SHORTS BTC is short at the support line
March 2022
March 2023
It can break down our bounce, which makes sense when looking at the historical 12M chart and 46K candle resistance.
We are at a time when we should expect a big break out of 60K resistance or break down with 35K and 30K support.
The 17K gap is still open, and it's always on my radar for this or the next cycle.
Unless it is a breakaway gap that, by rule, does not always get closed 50/50.
SHORTS AT SUPPORT Expecting pullback
Support
38K
35K
30K
Just in time when everyone's neighbor's cat is bullish.
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BTCUSDSHORTS HITTING HIGHTERM LEVELBTCUSDSHORTS has reached our monthly level of 818.2817.
This may signal an overall increase number of short positions openings for the crypto space, which may signal a bearish sign.
I will keep monitoring this chart very closely in the next coming days/weeks to see if it will reverse to the upside
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BTC short squeeze looks about complete.I think we maybe have another 1K or so to go in the BTC rally. I am not short here but I plan to short somewhere around 23K with a stop loss on 25K.
Was too impatient with my longs and missed the move here, but I think we're getting into the end of the short squeeze mentioned previously.
Points that warn #Crypto could have a huge short squeeze.Fibs and forecast/price estimate are mainly done just out of interest to see what happens. But there are various things to support a short squeeze may be setting up.
Let's look at some things we can see in a short squeeze in a developing/developed downtrend and how they relate to BTC.
Squeezes often a preluded by ranges. People given time to decide it's a big level. Think a low is in. Then think the breaking of this level is highly significant and will tell them the direction of the near term trend. Has to be time to establish important level.
Obvious devastating news. When a trend is turning usually there are reasons everyone knows it will continue. Like the El Salvador news at the top, the FTX news may mark the bottom.
Everyone needs to know the move is continuing. There needs to have been time to establish an important price. Mis forecasts of the low. Bug failure of implied important support and w/ news everyone will understand is bearish. It becomes a short squeeze by attracting shorts.
Our spike low comes in butterfly form. A known false breakout pattern which also has the properties of the last move always being the strongest, usually supported by news. Shorts before this bull pattern fails may be very untimely. Butterflies come at highs/lows, if working.
The idea of a Cryptocrash and it being inevitable this is going lower is deeply rooted now. But for us to not have some significant bounce around this level would be improbable. From very early on there were ways to define this 15K area as somewhere we could bounce/range.
I think BTC has made an important break and this break has increased the chance its in a multi yr bear market - but if it is, it can easily have 6 month + bull traps and in these types of traps stocks often double. Something volatile like BTC could easily do a few 100%.
I think there's speculative value long here with stops under the low to get out the way early if there's a run-away train - but more importantly, I think this is a risky area to be short w/ wide stops. If shorting, I'd think it's best to use tight stops.
The conditions for a short squeeze are all here. Terrible news in the headlines, a narrative established over time beat down in hours. A big exit from bulls and rush in of bears. All concurrently coming on levels a bounce always seemed probable.
BTCSHORTSbtc still works fine...
squeeze here before continued selloff or nah?
shorts breaking trendline
with potential mini ihs in the works on somecharts
BTCUSDSHORTStarget hit but it didnt go as deep as last time, btc might retrace this move to bait more shorts or it could continue on to the same lvl as last time unsure tbh
BTCUSDSHORTSfinex shorts at key resistance here again
up 300% from last time we squeezed
time for another squeeze already?
looks like it might be
BTC Longs vs. ShortsWe still haven't broken the sentiment on Crypto - The dip is not in -- too much longs around.
The more I hear it is in, the more I am sure it is not.
Good luck.
BTCUSDSHORTSfinex shorts at a fairly key resistance but the longs arent down much at all, showing signs of reversal here up 1000% from the top and 500% from the march highs 200% on this recent down move..
longs only down around 7% though from the crazy increase in longs earlier this year
could be first sign of reeversal or we break out here i suppose
up 1000% from the top is fairly telling though imo, could be time to squeeze
Significant BITFINEXSHORTS tops and bottoms Plotted significant bitfinex shorts tops and bottoms, very ugly chart thus I hid it. I think the correlation is nicer with longs?
BTC SHORTS: a tool to approximate BTC key levels & directionBTC shorts shows that it has approximately 63% more to drop to key support. That may take BTC at least to the 28-33k level from current 20/21k before the shorts bring in a bigger correction sometime in August2022.
I do this as a hobby & not for trading advice.
BTCUSD Shorts About To FlyBTC Shorts made a rapid higher 3rd low as you can see. It's primed up and ready for the moon.
When resistance is broken, it basically goes to price discovery.
Stay safe.
BTCSHORTS just made a big move as I warned in 2 previous postsBTC SHORTS bounced from the trendline & made a big green candle.
BTC price fell but was immediately bought up.
Can the BTC bulls hold 28/29k & make this dump a fakeout?
31k is the minimum resistance to break for uptrend to resume.
If BTC breaks below 28k then 26500 is the last defense to avoid 22k, approximately the wma200 level.
Not trading advice
BTCSHORTS: BTC rally stalls; a bigger capitulation may be neededBTCSHORTS chart seems to have found a temporary support & may reverse up for a bigger BTC capitulation to continue in the 2nd part of May. We may see a rally in June up to late July. Then another in 4Q2022 leading into Jan2023.
All risk assets tumbled Wednesday 18May into the worst down day since pandemic despite DXY $ index & TNX 10-yr yield retracing, increasing the odds of a STAGFLATION. (a stalling economy with rising interest rates which is really bad).
The 10-yr yield not only shows the health of our economy but also inflation expectations. For now, inflation is still rising but economic growth & consumer demand is already decreasing.
There is still no catalyst suggesting that the relief rally can be sustained.
Not trading advice
