No confirmation of breakout so until that happens, silver could still continue on signficant downtrend. Once silver breaks out, I would expect a rapid increase to catch up with gold and massive silver COMEX shorts.
I will problably at this point be forced to be short squeezed I do see bitcoin at $300,000 in the long term and I just have to make 100% sure I don't miss this run... I was going to buy back in at 4500 when I sold at 5300 range.... however I didn't get it I thought at the most it would push up to 5700-6500 and that would be the top before a correction because...
I believe Bitcoin has topped from this move, you can clearly see we have reversed of the daily 9 (as pointed out by Tone Vays, through who I discovered this indicator from), and the RSI has given us clear divergence. My only reservation from going Short right now is the spread between Long's and Short's (bottom Indicator, red line = Short's green line = Long's)....
Few different key things to think about in the coming days and weeks. After the good news for the crypto market when the SEC said crypto ETF is a serious possibility and LTC's new collaboration, we saw all the cryptos shoot up in value. With LTC rising nearly 34% over the last couple of days. But the key thing to think about, (I am a Bull so I want this to be the...
SNAP just beat on earnings and due to the high short interest this should be a huge short squeeze similar to what we have seen with GE recently. As with GE there is bullish RSI divergence on the daily chart. Add to this that the US economy is on fire in large part thanks to the PPT and let's let this winner run. Will initially take some profit at $10.30 as there...
There's a short squeeze brewing, all the bulls know it. Perma Bears are still shorting. What's the big picture trade? Well, our previous long entry at $6040 for the squeeze was viable and currently still in profits. A hedge Short was opened at $7370 Analysis of the previous squeeze occurring on 4/7 demonstrates a possible fractal in 6 phases: Phase 1 Swing...
bitfinex margin shorts are at all time highs again...
So the price of bitcoin went about 200 dollars above my target and Right now I am using the bitfinex chart because it is leading the way in terms of bullish strength, which makes sense because it also lead the way in bearish strength on the downfall. There is a possibility that if this strength persists it may be able to break out to make a higher high, above...
For people who still think there will be short squeeze soon ( 21 Aug 2018 ) and the price will jump skyrocket like in April 2018, think again. They already tried to do short squeeze when bitfinex short position was around 36k a few days back but the bull can only pump the price to around 6630$ and then slam down hard. I think the better indicator to look for...
Shorts positions (balck line) are getting extreme on Bitcoin at levels at which rallies have started previously. At least a short term bottom has been made probably. Bitcoin price (red line) should rise in the coming days.
Remember April 2018 when everyone have no hope in crypto and a lot of ppl said it will go down to 4k? And people just build up short position along the way and it reach the ATH at 40k short position at Bitfinex... What happen next is... they got rekt! and price of BTC jump from 6800 to 8000 in few minutes. ( I still remember that moment, I having dinner and got...
shorts at ATH again. you know what that means. Falling wedge target ~ $800
Hi, a quick update, since BTC is doint it's boring thing again. However, interestingly, we have now a similar situation as in early April. The shorts are rising more and more, and will soon be higher than the longs. In this case, I think we'll see a nice short squeeze, as in April. I'll keep a close eye on the long/short ratio at Bitfinex. The indicators are...
Shorters are too greedy in EOS. EOS dropped 30% in the last 24h and too many traders are still thinking it's an easy trade to short EOS. But they forget to watch EOSUSD SHORTS chart. This chart says that EOS shorts are still builing up, but shorters are not able to push the price lower anymore. That's the same situation that happened to BTC on 12th april 2018....
The continuing short squeeze across the oil complexes is shown quite graphically on the chart. The reverse head and shoulders here points to a minimum upside target on Brent at 90.61 so we can probably expect more of the same in the future. Near term resistance lies at 81.27, then 83.30 and then a little further out in time there should be a bigger jump in...
Looks like GLOW may be signaling a bottom. With a green hammer forming on the daily chart this could be a change in the trend. GLOW has been flirting with sub $.19 but held up well. GLOW has a p/e of nearly 1.28 and total assets of 15.42 mil. Could be a short squeeze coming.
Some big players have been shorting bitcoin cash since 950$ which hasn't worked out very well so far considering its currently at 1550$ which leaves many of those shorts trapped pretty hard (millions of dollars worth of shorts), which leaves me expecting a possible squeeze causing these shorts to collapse sending bitcoin cash up a couple hundred bucks and possibly...