ETHUSDSHORTS trade ideas
Do not be fooled -- BEARS ARE IN CHARGE!It is very clear Bears are charge of price action at this point. Until buyers step up and squeeze ETH, we can look forward to more sideways trading before the next fall south. Bitcoin is the same. I am seeing 6k for Bitcoin as a realistic number in the coming weeks. Do not despair. If you plan to go long take my advice from my previous post and Dollar-Cost Average in small amounts on the way down so you do not miss a short squeeze. Interest in cryptos is fading and the people sitting on ETH holding long at $400+ are capitulating. Fear is running this price action and with Thanksgiving and Xmas coming who has the loose change to risk the crazy volatility we could see in the crypto-market?
The News:
rplg.co
On October 5th, the core developer of Ethereum, Péter Szilágyi announced that the plan to launch the upcoming hard fork, Constantinople on the Ropsten Testnet has been delayed.
Péter Szilágyi explained that the decision comes collectively from the Ethereum community. The core developer stated that the main reason behind the delay was an encountered Ethereum Virtual machine Denial of Service attack vector. Szilágyi stated that the delay will allow clients to implement, test and release an update on the CREATE2 Ethereum Improvement Protocol , to counter the DoS attack vector.
Earlier, on 15th September, another member of the Ethereum community, Eric Conner announced that the Constantinople hard fork will hit the Ropsten Testnet on October 9th. Conner also stated that once the hard fork hits the Testnet, it will be implemented on the main chain soon after the Ethereum Devcon 4 event, held from 30th October to November 2nd.
According to Szilágyi’s recent tweet, the Testnet launch has been pushed by 1 epoch to block #4230000, resulting in a delay of 5 days. The developers, however, have not commented on whether the delay in launching Constantinople on the Ropsten Testnet will push the dates for the main launch of the Ethereum hard fork.
The Constantinople hard fork was first announced in July this year, during a developer and stakeholder meeting that addressed the issues in the blockchain and cryptocurrency space with a focus on further upgrades.
The development team stated that the hard fork was being created to signal a new era of blockchain network usage. The community also claimed that Constantinople will see a cost-effective Mainnet and will be more efficient to use.
Cryptohulk, a Twitterati and cryptocurrency enthusiast said:
“Delay means problems $ETH“
Responding to the Twitterati’s comment, the core developer Szilágyi assured that they were taking time because they did not want to “break the Testnet.”
Afri Schoedon, another Twitterati and blockchain minimalist commented:
“Perfect. 4230000 was my favourite block choice anyways.”
The Constantinople will be the second in the series of upgrades, the first being the Byzantine hard fork that took off in October last year. It went live at block #4,370000 and includes nine Ethereum Improvement Protocols.
Follow the trend to get rektDo you know why the whale doesn't cover his insane short so you to keep piling in your money in overcrowded trade?
Because they buy spot ETH at other exchanges. The whale bough up 20k ETH at 200$ with his whale wall at Bitstamp when everyone panic sold. He is at least 1/3 hedged by spot ETH already.
But keep selling ETH it's obviously going to zero.
ETH SHORTS BUIDLING -- insuring BTC movementETHUSD shorts are building up. Happens all the time on the bottom. This time good in synch with BTC pair bottom. Good setup to start ETH run.
In case BTC pumps shorts are set to leverage a pump. Ideally need more shorts building throughout the weekend. Standing by for Monday. If BTC decides to go down lower (maybe around 10th ETF bearshit ?) it will be an insurance to cover support and show strenght. Expensive but effective insurance policy. f*ck me I'm horny today
ETHUSD: Short squeezeShorty short shorty!
Why do shorts increase parabolically the lower the price goes? Always a wonder to me ... See my related idea 'They always short the bottom'
Anyway, we have a good potential setup here for ETH.
1. Downtrend isn't that severe compared to BTC
2. Did not make a new low compared to April
3. Bull divergence on multiple timescales
4. Very high shorts (higher than april)
Currently neutral ETH but stalking a buy.
ETHUSD SHORT again at ATH, short squeeze likelyTL:DR - Set up for another short squeeze as fear overcomes the market.
This is the ETHUSD SHORT graph with 1 D candles. Anyone feeling deja vu? Because I sure am. When Ethereum went from $574 down to $492 on 5/28/18 we saw an all time high interest in shorting Ether as seen in the first blue oval. If you read my post here you'll see I called for a short squeeze with subsequent bullish price action. We then got just that as priced rallied from $512 to a local high of $620. Unfortunately that is where momentum stopped but I was able to get one good trade out of that price action.
Today we again see all time high interest in shorting Ether with a parabolic rise in the number of open shorts as indicated in the second blue oval. Price looks again to be well set up for a bullish short squeeze. Generally, the ETHUSDSHORT graph seems to spike AFTER price has made its biggest move downward.
Now, price does not HAVE to go up and history does not HAVE to repeat itself but this chart to me looks like another short squeeze is imminent. It is very possible price collapses even further before any sort of short squeeze occurs. But as I said in my post yesterday I am long from $451. I have a stop loss around $430 and my target is about $530.
***This is not investing advice. I am not an investing professional. Do not invest what you cannot afford to lose. All investors should seek guidance from licensed financial advisers and not random people on the internet.***
ETHUSD Shorts - Short Squeeze likely but watch EOS ShenanigansTL:DR - All time high in short positions sets up for a short squeeze and the next bull run, I am looking to buy BUT watch the EOS situation.
This is the ETHUSD short chart with 1 day candles. The last 24 hours has seen an EPIC increase in shorts on Ether. If this were simply an ETH:USD price chart I would start selling my positions at a profit as the current trend is clearly unsustainable. The same usually holds true on shorts. The last 24 hours has seen the largest single day increase in shorts on Ethereum as well as the highest number of shorts ever held against the crypto.
We saw a very similar thing right before the most recent Bitcoin bull run in early April: everyone was set up on the short side of the trade and a subsequent short squeeze occurred pushing prices up for the next 2 weeks. I expect the same to happen with Ether given this current trend.
Now I have heard a lot of noise regarding EOS selling their 1m Ether and pushing its price down. Certainly if there is a coordinated dump orchestrated by EOS who own at least 1% of all Ether then the shorts may actually be correct HOWEVER usually when everyone is on the same side of a trade they are wrong so I am looking to buy because we have hit my $525 support target and the crowd is usually wrong.
***This is not investing advice. I am not an investing professional. Do not invest what you cannot afford to lose. All investors should seek guidance from licensed financial advisers and not random people on the internet.***
[ETH] Open Eth Short Positions Indicate Potential Short Squeeze The purple line is the ETHUSD price overlayed short volume in the last 9-10 months
Looking at ETHUSDSHORTS which shows the amount of Ether used for open short positions on Bitfinex has spiked enormously in the last couple days. This charts data, going back nearly a year, clearly show us that there is a huge amount of Ether that has been "artificially" taken out of the market in just the last few days, not to mention the last couple weeks.
Those Ether need to be brought back into the market whether the short sellers want to or not. Of course we know exactly how powerful the uncoiling of a short squeeze can be if we look at early April on Bitcoin charts.
There does need to be a catalyst that eventually breaks the camels back and triggers the buybacks of all those Ether. Could happen on just a small move upward setting off a chain reaction. Some fundamental news could drive bulls to trigger the squeeze also. Bullish stock market moves after a long weekend in the US could contribute to that tomorrow.
We could also see some more sideways or slow upwards grind in ETH price over the next few days which would most likely look very choppy and untradable in terms of TA as shorts slowly close out and eventually high volume liquidation prices trigger, sending price upwards.
Lots of Confidence in Shorting Ethereum as contracts reach ATH !We have see a chart like this before in Bitcoin in the early part of April which created a massive short squeeze as the price shot up. The short loading will add continued downward price pressure on ethereum until Bitcoin can find a decent bounce area and take the market Up with it. Trade safe my friends...
BULL DIVERGENCE ON ETH/USD SHORT
ETH/ USD SHORTS PAIR IS SHOWING A RISE DUE TO THE INCREMENT OF THE TOTAL SHORT POSITIONS, PRICE ACTION IS SHOWING SOME BULL DIVERGENCE ON LOWER TIMEFRAMES (15 MINUTES) PROBABLY THE BAER TRY'ING TO FILL SOME BETTER SHORT POSITION. IM ALREADY SITTED ON MY SHORT WAITING FOR THE BIG DROP.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It shoud not be considered financial or investment advice of any kind.
Marginalized EtherETHUSD 4H candlesticks side by side with Longs rising and Shorts dropping (no pun intented)
Also Google Trends for the last 7 days showing a peak interest in shorting bitcoin at 9pm last night.
trends.google.com
I'm bullish I side for Long John here
Common bust a whole in that 0.786 fib ETH!