Btc continues its rise after its golden cross. Sorry for all the lines, but I think each of those levels are important areas to watch. Btc pushed through its previous high, and continues its bullish trend . Looks to be working its way to $6000. I like the $6500 area as it is the level of the last high before we broke down below the $6000 area. So far is has pushed...
WOOOOAAAH ! What a time in crypto. As I have lined out here the bearish wedge played out nicely and what a good time it is to be short. Market sentiment was rather bullish and as expected a correction was due. What kills me is the moon fans that seem to never learn but instead follow their favorite YT personality. The 2 scenarios I saw a lot on here was we are...
i do this to Monitor peoples Shorting BTC to try to identify where they can push up again and make a bear trap.
Shorts broke their up trend.
They stay under Ichimoku Red Snow.
Rejected on EMAs 50 and 100.
following a rude downtrend.
BTC still in a good mod for now.
Happy Tr4Ding !
Good afternoon traders,
After predicting another bearish impulse down in my previous analysis, I am predicting another one in the coming hours. I apologize for the messy chart, but your seeing what I actively use to trade, no cleaned up marketing material, the real deal.
I am expecting some sort of significant move to happen within the next 12 hours.
My...
BTCUSD struggling and the weekly chart was closed below a powerfull resistance line which means we need a re-test of a 200MA which is situated at 3400-3409$. Stochastic RSI is overbought and probably in the next week we will have a bearish cross.
At RSI we see clearly,was rejected.
In my opinion bottom was hitted BUT we need to test once again 200MA. Good luck
Last four times when margin positions on bitfinex were that low major dump followed 30-40%. Will pay close attention on LONGS and SHORTS in coming days.
BTC Shorts have dropped (indicating that traders expect BTC to increase in value) into an area that for exactly a year now has provided both strong support and a good indicator that BTC is actually about to fall in value.
BTC Shorts went below 21500 only three times last year... in May, July and November - when traders bet that BTC would increase in value....
Bullcorn is running hot but there is 10% left until it's time to short them.
Bullish Div prob means bears are going to start shorting again even though they got rekt lately.
It pays to be a contrarian and never is this proved better than the BTC Shorts chart. In most cases, when it peaks into a resistance area shown in blue (and traders are betting that BTC will drop ) BTC rises or at least moves sideways. More telling is when the shorts fall down to a support area shown in pink (and traders are predicting BTC will rise ) ......
Hi all I am looking to history BTCUSD shorts. In history there is some similarities, look at 2.Aug, 1.Sep, 12.Nov. This dates is very important, in this days a lot of people start shorts BTC, and price in usd go down rapidly, 23%, 16% and 50%.
Now is situation similar, If we bounce from line on shorts, can be drop like in history, a lot of shorters are waiting...
As I had stated before a short term ascending triangle has formed and looks dominate. It could be a strong bottom argument. Only time will tell.
The ascending triangle as in all triangle patterns can be used as trend
reversals. It must be noted that the ascending triangle must form at a
key level of support or resistance, I like to use double tops or bottoms....
