According to the latest COT report by CFTC on 2nd November 2021, hedge funds have added LONG positions to GBPUSD. Descending wedge will likely break upwards to at least the 0.65~0.618 Fibonacci ratios. The Fisher transform and FSVZO momentum oscillators also indicate a shift in momentum to the upside.
There has been decreased investment into crypto.com due to major delays in the launch of the Cronos ecosystem. Their DEX is also unknown. CRO is also only available to short on FTX and a few other unknown platforms - so this is a less crowded trade. Shorting is the correct risk:reward here.
CRO is overbought and too many traders are longing CRO with leverage. Needs a crash to flush out the excessive leverage before it can move higher.
FSVZO (advanced momentum indicator) demonstrates that USDJPY is overheated in momentum. It will likely correct to 112.45 in short term.
EURGBP is oversold on all higher timeframes. 0.863 is the H12 supply zone. A big relief rally is coming.
USDJPY is overextended and there were many late long positions added last Friday 8/10/21. Expecting a deeper retrace to 109.9 before any further upside.
I usually don't short Sam's coins but SOL short opportunity is too good to miss. Huge bearish divergence on FSVZO and failure to break strong resistance at $180 makes this a low risk short. I'm in a moderate leverage short position. Expecting this to go down to $126.
There remains 1 key level that BTC has not tested yet. That is the 56k-58k supply zone. This is a key area where institutional investors will want to take profits. If you check Binance futures long/short ratio statistics, the majority (herd) are short BTC - which means there still is more fuel for a short squeeze to the upside to 57k. Also, the EXOCHART...
59.5k target for BTC is likely this week. Long with low-moderate leverage (3x to 10x) with decent entries. Good luck. Side note - according to Binance futures long/short ratio statistics, the ratio is well below 1.0. This situation is very similar to July 20, 2021, where the ratio was also below 1.0. Price then went from 29k to 53k in a matter of weeks.
As you can see in the Binance futures platform statistics, there are a record number of shorts compared to longs. You can even check for yourself : www.binance.com Many people are expecting BTC to go down this week. I say this is incorrect considering there are many trapped shorts under $47,000. The market makers, exchanges, composite man won't allow these...
It's surprising that most people are still interested in shorting. If you look at Binance futures long/short ratio statistics, the ratio is well below 1.0. This situation is very similar to July 20, 2021, where the ratio was also below 1.0. I think we will get massive short squeeze to 52k+ this week.
Corrections will be very shallow. Prepare for upcoming move to 52k. May not even reach 46.8k on correction. Remember, BTC price action is irrational. For example, look at May~July 2019. I see the same pattern here. Many are expecting some sort of deep correction based on 'it surely can't keep going up'. But the majority feel this way. "Markets can stay...
Binance futures platform statistics shows very high short interest in BTC today, which means BTC will likely rise higher to test 47.8k level order block. Good entry level is 42.9k. Low-moderate leverage.
BTC just shifted to a bullish momentum with daily engulfing candle, break of HTF trendline and W formation. Also there are a high number of shorts if you check the Binance futures trading platform statistics. This means we will likely see a huge short squeeze to retest next supply zone which is at $46,700.
Most retail traders have added more to their short positions according to order flow analysis. Expecting $80+ for WTI oil very soon. Very easy contrarian trade.
Massive amount of short volume from Binance futures platform suggests many traders are about to lose a lot of money. According to Kingfisher IO, most of these traders have stops above $40. I can see massive short squeeze incoming, and LUNA will trade above $40 in the next few hours/days. I am long with low leverage.
FTM is the highest shorted coin on Binance futures platform according to Sierra charts. Given the high short interest, I expect higher price targets very soon (targets detailed on chart). Low leverage (3x-5x) recommended.
Very high short volume on Binance and FTX on order flow analysis SOL will likely move up while other coins will consolidate/stagnate. Order flow analysis on Sierra chart shows massive number of shorts added. This will fuel a massive short squeeze.