BXBT trade ideas
Largest ever percentage rise in Short Interest in $BTC History The chart attached shows an incredible 2200% increase in Short interest. It is by far the largest increase in the History of Bitcoin. Either a lot of Bears are going to make a lot of money or they will give birth to one of the largest short squeezes in Bitcoins history. I am of the opinion that when too many people get on one side of a trade, its usually best to take the other side. :O)
Tax-free setup?How I came up with this?
- I smoked catnips.
Context: Recent IRS news crashed btc price.
If this whale sold bitcoins before, it have to pay capital gain tax.
If this whale bought back what it sold then do covered short with new 1x longs (I saw long & short goes up together), then close the shorts at top or where it sold, this could
reversee it's realized capital gains into unrealized CGs.
BTC 2 scenarios If the price is going to break the upper band channel, it is going to see the 41k zone first
If it does not break the upper band channel, it is going to see the 37.800 price...
This is not a financial advice!
Bitcoin is moving a little bit what is your opinion ? ?
BTC SHORTS at Key ResistanceBTC Shorts have not seen this line since March 20th, 2020 and that was the spark that started the recovery of COVID crash.
About BTC'S SHORT x LONG x PRICE We will never know:
Is the player alone in Bitifinex ?
It is happenning at anothers Exchanges ?
He could be playing at futures as well, been long at one perpetual, or a option contract.
We can't know. that.
The only thing we can do is Speculate about, and There it is:
At First, we have to understand that he took the distributed market and applied a bilateral liquidity injection, in other words he went in long and short at the same time, as the market was distributed he gave in on the weaker side.
So he took part of the profit from the short position, going long after.
Then the market starts an Accumulation, with long positions increasing and short positions decreasing, while the market lateralized.
After fully positioning himself in the long position, while the market went down a bit, he applies a FUD on the BTC, going heavily short when the price reaches the top of the range.
It works. it knocks down the market !!
But something happens.
The price refuses to go down any further.
It falls into the bear trap!!
But he's a tough guy, he won't let it go! And he increases his short position showing strength. He plans to buy at FUD again i think !
Here is the proposition of what can happen:
If the price touches the trap line again, at 37.300, it can push a little harder and try to FUD more... But at first this attempt was already lost.
If he folds and turns his hand over, closing the 15k btc short position, he could put the price at 50k again, or even more.
The Whales Are ShortingWhile both shorts and longs are irresponsibly high, the shorts are holding like an iron tower in anticipation of the death cross. I believe the market is turning, but I'm going to wait for this chart to change before I buy..
BTC short squeeze incoming? ;)BTC short are at a local ATH, BTC breaks 41k, next target is a test of the very important 42k line. Most likely will get some sell pressure there, but bulls seem to have a lot more energy in this rise, if 42k breaks most of these shorts have to liquidate.
Result of our Team Analyze Result or our analze.
if you want Buy Btc wait for pullback
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Kamoxan.
This is not a financial Advice
BTC shorts on top - Bye bearsHey everyone ,
As we can see in chart , BTC short positions are same level with march 2020. I am expecting all the short levels will close and BTC shorts will re bounce from top. We all know what happened after 2020 march. We can see same scene. Whales have plans. Waiting this short levels to get this high might be a one plan. We all watch :) Hope bears leave their game to bulls now on.
Lots of new shortsI would not call this recent move up a "short squeeze" despite the sudden inflow of margin shorts. There are still roughly 3 times the number of leveraged longs and steadily increasing. Traders still see this dip off the ATH as a "buying opportunity" and have not been liquidated en masse yet.
BTCUSD: And even more bad news for bears!Hello my friends!
It was the largest percentage increase of shorts ever. Btw I would never short BTC after a 50/60% move down. The risk reward is way too high.
You all know for example from gamestop what a short squeese can do and how the price bounces. In the last two weeks, the shorts have risen by about 2300%. For comparison, at the last strong drop in march 2020, the increase was only 300%. So for me, this means that a large number of shorts will be closed. When the price was at 60k, the shorts were down. Now at 35k, a lot of people are getting in. Not understandable for me. I estimate for most shorts the stop areas will be at around 40/42k. Therefore I expect a pump to liquidating the shorts. And the smart money might get some $ soon. Lets see.
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Let's see what happens.
Happy trading. :-)
BTCINVESTING
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My 2. Post "Another bad news for bears!" Jun 7, 2021
My 1. Post "Bad news for bears!" May 31, 2021
My Post Apr 18, 2021
My Post Nov 19, 2020
My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-)
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BTC Wave CountIt looks like we are in/ending a wave 4 correction. If the fib levels are to be taken as any serious indication - it has held incredibly well which we can assume is a bullish sign.
Below I will zoom in to show the importance of this Fibonacci support.
BTCUSD LONGS at record ATHWhile BTCUSD Shorts continue to rise, it is interesting to notice that BTCUSD Longs are at record ATH matching Dec 2019 and Feb 2020.
BTCUSD continues to remain undecided. It has been a month where trades are becoming unworthy if not too risky. Alts have lost more than 75% of this years ATHs, yet Alts don't seem to nudge on positive announcements either as traders are all waiting for a confirmation from BTC.
So what does this mean? Up or down?
1) Eventually one side of the margin traders gonna get burned; it is a clear battle between the bears and the bulls.
2) Any trade has got to be a hit and run, if at all to be entered. Anytime one sees a red candle, panic takes over. There's no maintained uptrend whatsoever.
Personally, I'd bit the farm on BTC going north from here. And therefore exchanged my USDT to BTC. If BTC goes down, I won't mind as I am still holding BTC. If BTC goes north, I am happy. And would consider swinging it if an opportunity proves worth taking the risk.
Feel free to express your thoughts, but make sure you DYOR first and foremost.
BITCOIN- START OF A NEW RALLYI think we are at the start of a new rally...
The #bitcoin bull market started in 2020 after we broke out on the Daily RSI and a bounce off from BO retest.
Today, we find price retesting these levels after another Major BO 3-D ago, I believe we'll see a bounce off.
Expect Crossed fingers
BTC short positionsLooks like the overwhelming majority are expecting more downside price action.
Being against the herd always serves us well.
Crypto - BVOL Suggests An Explosive Move ImminentIdea for BVOL24H:
- BVOL is like the VIX for Bitcoin.
- BVOL Wave 5 target 30+.
- Likely move is Down: Complacency Phase -> Anxiety Phase.
- Short Bitcoin
GLHF
- DPT
Shorts stacking while btc trades in limbo of next moveI am very hesitant to short anymore what with the skyrocketing short positions. The long positions remain higher - BUT - since the 7th they've gone up a mere 3k from 43 to 46k whereas shorts have skyrocketed from 1,500 to 19,000 in the same time frame and remain very high. Some may be using this as an indicator to give further credence to taking their own short position, however I am worried about a potential short squeeze the higher up they go. If its liquidity that moves markets and massive sell-side liquidity is building, could that not alter the very course of bitcoin at least to an extent?
I don't know what is going on rn and therefore am limiting my trading to essentially scalps. I am wondering if this is a case of, everyone caught on that price was going to dump tremendously and thus the market is reversing course to take out as many shorts as possible. Perhaps even getting ready to form an uptrend now where there was supposed to be downtrend continuation.
I don't like it one bit, having had a bearish outlook until we get to the lower 20s with what I have estimated to be perfect very low buy targets set on alt coins. It is possible that push to $38,500 marked the last local high before btc cascades downwards like a waterfall. But as price action unfolds and we continue to look at all the little clues along the way, we have to be willing to continuously re-evaluate and readjust our expectations.
Right now mine are in limbo, much like the price of bitcoin.
