BTC Monster ShortHourly TF so its not 100% accurate, but it gives the general idea. Shorts increasing with price indicates buying of own shorts. Closing position creates price spike, but occasionally they are closing shorts into their own sells. Very hard to track all the movement but I have the bulk of it shown here . They are still acquiring positions but that has slowed down. We cant go up until this whale eater closes his position. Bulls will most likely be exhausted by 6,6 and 6-8 and its at that moment they will proceed to dump on us. Remember, this isn't a normal short position. This is market manipulation at its finest. The closing of this short will most likely be the V bottom of capitulation and BTC will be able to start its new cycle. Good luck and be careful holding short positions below 6k. If they close the bulk of their short in a single trade then you will be swallowed up and probably liquidated immediately. From what I cant count, they have opened aprox. 13k shorts and closed about 2k. 11k to go. Keep in mind that this is hourly TF so lots of other positions have snuck into the candles, but they are minuscule by comparison. There is a chance the bulls can create a squeeze, but its gonna take a lot of work.
BTCUSDSHORTS trade ideas
Big short Fall Coming........ ;)Hi Everyone,
The last 48 hours has been a sobering wake up call from the beautiful daydream of a lavish bull market!
The market continues to flood with negative news everything between wallets moving enormous amounts of BTC to different exchanges, and questions as to who even owns these wallets!!!!
Goldman Sachs has again proven their power of public manipulation, publicly announcing their dump of BTC and price manipulation!!!
Crypto enthusiasts only hear and cling to the hope of regulation and "ETF finally approved" as a sign of change of tide change and BTC to 20K..........
My no frills analysis is as follows:
The accumulation of Shorts point to another slide this time to retry lower lows possible 6100-6200 and will have to see if this resistance holds through the weekend!
The stoichastic in the 4hr chart shows we are close to overbought at 6500 levels..
There are forces that continue to work on causing chaos and instability in a wild market, I believe that the SEC will continue to delay their approval and continue to frustrate all those hoping to have Lambos to drive to Thanksgiving dinner this year!!
BTC/USD - Another short squeeze coming...i have updated my earlier short squeeze chart, because since today, short interest on Bitfinex is up massively again. So, another (slow) short squeeze is to be expected in the days to come. Bull market rallies feed on short squeezes, it is always an important ingredient.
I'm massively long BTC (from sub 6,500).
Best of luck with your trading.
Shorts are underwater and the price is rising...hm what next?What's up my favorite people,
That spike in shorts occurred at a price of $72-7300. They are all underwater and fast sinking. Be careful if you are short. I understand that the price is high relative to recent figures, do you understand that it is incredibly low relative to what it will be in a decade? You must be careful shorting bitcoin because of this fact. Everyone of those shorts is out of the money and they all have to close at some price. If the end of the bear market comes, they will be a good part of the pump above $8500. Someone has bought over 35,000 btc in the past month on bitfinex. This is not exactly bearish.
Good luck and don't be short without a stop!
-YoungShkreli
BITCOIN SHORT POSITIONS TAKES A NOSE DIVE The chart shows it all, short positions have been dropping fast. We will take this as a drop in Bearish sentiment, which can only mean an increase in bullish sentiment.
Cheers
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