BTC - Shorts rekt soon - watch out Bear divergences & Rising Wedge --> Also on the Daily chart!
Beautiful combo but it seems like a trend reversal is coming
BTCUSDSHORTS trade ideas
BTCUSD Shorts daily chart for June 11, 2018BTCUSD Shorts are about to enter overbought territory in RSI and %B, as mentioned above. The arrows show us that when it happens in tandem a strong short squeeze usually results. This short squeeze could be just a few days away, especially since price did not print oversold RSI on the daily chart nor bullish divergence. One more move down may be in the works this week that would result in one of those two things happening in conjunction with a short squeeze.
Thoughts about bitcoin shorts
-Almost at overbought range in RSI
-Shorts strength is decreasing, probably it will not make a higher high
-Two times before ( feb and apr) when rsi reached oversold zone a big liquidation followed, giving the strength for a btc uptrend
Consider that we are not in overbought zone yet
Bitcoin long vs shorts Looking at the bitcoin long/short chart with a side by side view, I've noticed that we are very close to finding out the mid-term trend direction for btc. Personally, I am long on bitcoin.
BTCUSD shorts for June 6, 2018It looks like we may see a short squeeze happen sooner rather than later. Notice that every time %B is overbought while RSI is overbought, we have a large drop in shorts? When %B is overbought but RSI isn't, we still see a drop, just smaller usually. Currently, %B is overbought and RSI is nearing overbought. With price consolidation happening over the past week, this has the potential to give an explosive push upward to jump start bullish momentum in June.
Last Bear Rekt Incoming (3.2.1)Bear rekt to shake out the last bears. MM's might throw a few bones to add a few more bears to the list before they pull the plugs. Either way, dumb money loses, as always. They buy when it's time to sell and they sell when it's time to buy.
Bear Rekt Incoming (Key Support Broken)Bears are scared. Bitcoin just formed a HL on the Daily Chart. This is it. The downtrend is over. No more easy pickings from here on out. Could be bullish now or not but it's certainly not worth shorting now. Any bears at this point are honestly begging for it.
TTM Squeeze on BTCUSDSHORTS Finex, Daily candles!First time i see this, because first time it fires on daily. I wonder how will this play out. I think we might see a massive increase in shorts soon and a price drop. Looks like it will fire long on shorts because momentum is up, so price down action is expected. Might reverse, will see or maybe even nothing happens? Very interesting.
BITCOIN SHORTS BY DANIEL BRUNO, CMTBE SURE TO COMPARE WITH MY PRIOR CHARTS LINKED BELOW
SHORTS ARE A USEFUL INDICATOR DURING NORMAL MARKET SENTIMENT, EG UNCERTAINTY
SHORTS DOWN SINCE APRIL 10 AS BITCOIN BUILDS BASE
DANIEL BRUNO, CMT
BTCUSD Short Idea Currently there are 50% more longs than short and we should expect a squeeze soon. Bulls are running out of buying power and these longs will be trapped. This fractal is a likely scenario.
BTC Head & Shoulders Almost ConfirmedHere we have the BTC/USD Chart up top and BTC/USD Shorts on Bottom
Shorts are getting bullish which will result in BTC dropping.
Yesterday's chart I predicted an H&S Pattern.
Looks like it'll play out as expected. I'll be scaling back in from $8.9-8.7k.
we could be good for a while btcshorts and longs.. we could be good for a short time but still i think we are on down trend..
BTC/USD very close to a bear-stops short liquidation cascadeDisclosure: Currently long BTC from 6.9k
This is a nervous place to buy here, and if I was out of the market I probably wouldn't buy it unless with very calculated entry + stoploss.
BTC is very close to triggering a lot of short-seller stops which would cause price to spike quickly as shorts scramble to cover. However, it has to get over 9.2k to do it.
Does BTC have legs to trigger the stops now? Or will bears get a relief dip into 8.4k to retest the log trendline (and a good opportunity to close short)?
Find out in our next exciting episode of ....
