Operation Short Squeeze Engaged!This is going to be a historic short squeeze.
Despite many attacks shorts not able to break 30K Psychological Level
I know it's a flat statement. But you will see!
XBT trade ideas
BTC shorts just shot up againWatch out for another down-turn as BTCUSDSHORTS just reached another peak yesterday, even higher than the previous peak reached that preceded BTC price drop from 40K to 32K.
Will history repeat itself again?
BITFINEX SHORTS HAVEN'T BEEN THIS HIGH SINCE 2019 (bearish) BTCGood morning traders,
The last time bitfinex shorts we're this high was late June 2019.
We're currently sitting just above support $30,000 and have seen a shooting start on the BTCUSD SHORTS chart which may indicate a messy weekend and support lost.
Support levels below:
1) $28,888
2) $23,888
3) $19,999
4) $14,000
5) $12,500
6) $10,500
7) $9650
Not saying we hit all support levels but you should keep them in the back of your mind in case we see an extended bear market and head down to the $20,000's and $10,000's.
BTC short at parabolic high again. What is the news Might be that we could go to 28k regions shortly. Either the longs get rekt of the shorts get liquidated. Who is fomoing in this now? Buy the dip. Hard times don't last
update to radar from prior postWatching the bitcoin shorts unload, a few things are on my mind.
first some preliminary recent events that are significant to what i am trading / accumulating.
1. Rallying DXY, crude above $70
2. sell off of hedge assets and commodities (gold, silver, crypto, lumber soy corn etc.)
3. the china fud to rule all fud: 90% mining gone leaves 10%. ok well if only 10%, you need now 5.1% to make a 51% attack realized. i'm still uncertain about the ins and outs of this, but perfect timing during seller capitulation for the macro.
4. bear narrative is running flat with tether minting. LOL.
5. Jay clayton is now gathering alot of chinese collusion to his term narrative (already being controversial) at the SEC. there are many pointing the finger at fauci, and pelosi, now this guy, as easy optics for all of your problems.
6. LINK is now onboard to facilitate SWIFT financial system. this could lead me to believe that LINK is now iso20022 compliant and is helping to facilitate the switch over from traditional financial systems.
7. they haven't stopped printing.
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What Is a Blow-Off Top?looking at the monthly chart will show you what you may not see easily in the daily charts!
What Is a Blow-Off Top?
A blow-off top is a chart pattern that shows a steep and rapid increase in a security’s price and trading volume, followed by a steep and rapid drop in price—usually on significant or high volume as well. The rapid changes indicated by a blow-off top also called a blow-off move or exhaustion move can be the result of actual news or pure speculation.
Blow-off top patterns are common in securities where there is a lot of speculative interest.
A blow-off top is a chart pattern showing a sudden rise in price and volume, followed by a sharp decline in price also with high volume.
The rally into the blow-off could be based on news, or speculation of good news, growth, or higher prices in the future.
Blow-off tops can occur in all markets, are volatile, and can be very hard to trade as an ill-timed trade in either direction can mean huge losses.
To all those who think I do not know about blockchain technology:
This article tries to explain the price pattern of bitcoin..!
Educational Reference:
www.investopedia.com
BTCUSD Longs - Looks scary as hellSo... everybody is cheering up about the retracement BTC made from 28k to 34k, yet they don't see the avalanche coming.
1) BTCUSD Longs is at ATH
2) there is a clear bearish rising wedge pattern forming
3) a clear RSI bearish divergence
2) BTCUSD Shorts fell with no price rise in BTC whatsoever
(not trading advice, I'm not your financial advisor, do your own research)
BTC - Longs and Shorts
Will let the charts speak for themselves.
Top: Short Positions
Middle : Price
Bottom: Long Positions
BTC Possible Breakout in Early July?The grey line represents the major fibonacci extension level from the wave 1 (refer to my last post for a better look at that). The green line is a major horizontal support line. I see a potential higher low to be made. The fib extension acting as short term resistance and this horizontal line acting as support. After this, the wedge could break upwards. Furthermore, the bullish divergence showing up in the RSI can't be ignored.
My idea will be invalidated if a new low is made below today's lows.
Challenge…!I publish long analysis on bitcoin with target price of 100K in September/October 2020 when it was 10444-12441.
Then I trim the target to 50-72K for the first few months of 2021, in November 2020.
When it was 58K I talked about possible crash, on 62K wrote about alarming sign in April 2021.
April 14th When bitcoin was 63810.01, I compared it with December 17th, 2017.
Do you know what happened back after December 17th, 2017?
Bitcoin crashed from 20K to 3.1K and lost 85% of its value..!
Challenge is :
Find any analysis at the price above 63810.01, with the same prediction and put the link in the comments, and receive 3 months TradingView Pro account. (I will provide 5k TradingView coin for the winner)
Date of publication must be between 13-14 April 2021..!
Reference:
I'm just curious to see how it will be after Coinbase traded tomorrow.
I remember on December 17th, 2017, when bitcoin touched 20k, I send the link of Tulipmania article to my friends and asked them to read it.
Déjà vu is the feeling that one has lived through the present situation before. This is a French phrase that translates literally as "already seen".
Btc UpdateIN D time frame We see 5 Wave Impus as 1 Or a. we expect Post Pattern ABC ZIG zag as a Increase Correction Will be Happen.
It is Just Analize. We WIth fo Complete Wave 5 And see Divergence...
I DO NOT Agree Short Position For Wave 5 TP.
Bears taking profitAs can be seen on the BITFINEX:BTCUSDSHORTS chart, bears are closing there (Underwater) Short positions in profit.
Some of them have been holding the positions underwater for over 5 days before being able to push out some profit.
The aggressive closing of shorts while we are aproaching the local higher low we formed 2 weeks ago gives us some bullish hopium.
The chance of getting a bounce around here increases while we are reaching the 89 EMA on the 5D at the same time!
Feel free to share your thoughts in the comments
Trade wisely and remember to make use of a stop loss at all times .
