BTCUSDSHORTS trade ideas
BTCUSD ShortsMassive rising wedge pattern, BTCUSD Shorts will soon be faced to make a decision. It looks like buyers are losing confidence here. Recommendation to put on your short shorts... lol
Shorts looking weakA rising wedge is forming on shorts along with bearish divergence on the daily RSI. It's also near ATH prices and stalls out around 40k. Due to this there could be a short squeeze to push the price of BTC up further.
watch the btcshorts , soldierput alerts and check the S/R on btcshorts, and take control about your emotions ,
isee possible double Top on 1h btc shorts,
Bitcoin short ration at resistance level once again on bitfinexCould see a rally here finally once again as shorts get squeezed.
I do NOT think bottom is in, but a healthy 20-40% rally is overdue soon.
We have not seen capitulation and I can see us testing 0.886 fib down at ~$2340 level as final resting place. $1300 seems like a pipe dream (past high).
BTC short squeeze incoming?Beware bears, it could be time for a squeeze back to the 4250 - 4450 area.
I'm a spectator for now.
Expect move form inverse adam n eve pattern to retest 4400 soon.Expect move from short time frame inverse adam n eve/HnS pattern to retest 4400 soon which is the major 0.786 fib from previous bear market $160 low. ...before perhaps final capitulation move down to 0.886 fib at ~$2400 and then accumulation a few weeks/months in this band.
elliott wave on shortsmay be doing TA on shorts for some of you guys is non-sense but to me is a very very good indicator of general sentiment direction. to be a profitable trader you should know the stream and swim on the river in opposite direction unless you will lose. so this the stream we are in bull market at BTCUSDSHORTS so we are still heading lower in BTCUSD. general trend analysis is working very well on shorts. it seems we are completing wave 4 and entering wave 5 take look at chart.doing a FIB Retracement tool on every green candle, if our corrections is still above the 61.8% of fib level we respect the trend. also daily rsi has room to go up but on the other hand also price daily rsi has room to go up. this is a contradiction. but we should always bear in mind that price action is more important than indicators because rsi can simple head lower again it is just representing price in other way and it is very useful on distinguishing bearish and bullish divergences. so after all strategy is so clear. we should not do anything until btc movement. if we fall below 4300 on finex with volume we should go short. if we go above 4720 on finex and set a higher high with volume we should go long. but i suggest not long in this trend because it is hard to know how much power that bears have in this very very bearish market. i suggest going long if and only if we break 5000 level with huge volume because it is a big phsycological level and also it is last big daily red candles 61.8 fib level.
Bullish or Bearish!for 1 or 2 days i'm bullish and going long but as you can see in my Short percentage chart we get supported at blue zone area which is a very very important area. when see support in this area we should see a massive sell of but taking a breath is imminent.
BTCUSDSHORTS bounce incomingBTCUSDSHORTS on Bitfinex has been an indicator that we are looking at.
On the hourly it is currently on a sequential 9 and is ready to bounce , short counts are not significant to price level so traders need to use this as a proxy to price.
Trade safe.
BTCUSD ShortsShorts will fail here see red circles. Repeating patten. This should assist nicely with a Bitcoin rebound.
Short Squeeze with provide short term rally for BTCBe careful if this happens as I think it will be rejected at old support.
BTCUSD: Bulls vs. Bears - how convicted are you?This chart is a simple overlay of BTCUSDSHORTS (Blue) vs. BTCUSDLONGS (Red). It's obvious - since the end of 2017 BTCUSD the overall Bullish/Bearish conviction has changed from bullish to bearish. The lower highs at the bullish side indicating a loss of bullish conviction. On the bearish side, higher lows are showing more and more bearish conviction.
Furthermore, BTCUSD has fallen under 5k USD and there is no V-shaped correction yet, which would indicate a high interest to buy BTC at such a "low" price. Why is there no V-shaped correction? The answer is very simple - more and more trader are NOT convicted of an increased BTCUSD price and more and more trader are convicted of a decreasing BTCUSD price.
This leads me to conclude a further downtrend of BTCUSD price.
Note: This is my first post and feel free to give me feedback or a like. If you disagree, feel free to comment your thoughts. We have all the same goals, and I am very convicted, that we all can learn from each other. :)
BTC shorts low and hitting support. Large down-break expected.With shorts this low and price steadily creeping up, I expect a large price dump in the coming days. Following previous trends with shorts in this range has lead to $1000+ price drops throughout May, August and September.
BTCUSDSHORTS is again in extreme oversold zoneDo you remember what happened last time? Yes... Huge, red candle.
