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Shortsqueeze

BTCUSD: Bearish Bar But Accumulation Continues?BTCUSD update: Short squeeze erupts into a vertical move that takes prices to 6900 in a matter of minutes. This was the scenario that we were anticipating which we shared with our members a week ago. The swing trade that we called at 6189 was taken out at 6824 which was our predetermined target. As price continues to stabilize, we are on the look out for the next long. At S.C., we follow best practices which keep us from reacting to market noise like so many "experts" had during the price action leading up to the squeeze. There were a few short triggers and tests along the way, but we stuck to our original plan which was to let the probability of the location play out. Now the objective is to isolate the next high probability long setup. Since the bullish trend line is still intact, it is just a matter of waiting for a compelling pattern to appear. Once again, this market is shrugging off bearish patterns like the pin bar that printed after yesterday's squeeze which makes the bullish argument more compelling. In summary, even though the current price structure is not very impressive, we continue to anticipate further strength. The reason? This market refuses to produce any significant bearish arguments like a close below 6K. We categorize this type of price action as a slow accumulation since sell signals continue to be absorbed. Like we have been saying all along, the general location is more attractive for the long side. Between the 6K psychological support, the broad .618 support zone (8171 to 4983), and newly established higher low, price is still poised to go higher. We will continue to look for longs until it proves otherwise. By keeping the focus on anticipating rather than reacting, we are essentially letting the market come to us. We do not force trades, jump into low probability trades or entertain the noise. It is very common to over trade in an environment like this, especially if your plan is not well defined. High probability trades are infrequent and in these markets, if 2 - 3 swing trade setups trigger in a week, that is a lot. The first step to minimize over trading is to anticipate price, not react to noise.
BITFINEX:BTCUSD
by MarcPMarkets
8
is Bitcoin in bullish territory??What's up guys, I will be gone for the next couple of days and won't be able to post here, but fear not, I will give you the advise you will need for while I am gone. Firstly, we are having an excellent rally at the moment and it looks like what I said about the shorts potentially getting squeezed might be happening (read that here: ) With that said, I will be buying if we break out of the previous high because at that point, I believe the short side liquidations will take us to around $7,000. We must wait for that breakout first. I am still expecting to go to $5,000 however, so don't expect this bounce to last forever. If bitcoin doesn't break out, I am a buyer at the $5,000 level. That will be a very low risk entry. That's it guys! If I have been helpful, please like my work and follow me, it helps us both. -YoungShkreli
BITFINEX:BTCUSD
by CantorTechnologies
11
Short squeeze imminent - big move up soonBTC has been showing bottom type behavior for the last few days. The $6k level is holding and shorts are building up. Looking at Heikin Ashi we can also see two dojis as well as signs of bullish reversal. The price might still drop a little but there is much bigger potential for a move up now with a short squeeze and when it does trigger, the price will jump very quickly. It will be easy to miss most of the move. Hence I am long now willing to risk a little for a much bigger return. This move up will only be invalidated if we somehow drop below $5900 but I don't see that happening for two reasons. - People who have shorted early on will now start to get concerned about a squeeze and start to close their shorts which will hold the price up. - Others are starting to see the possibility of a short squeeze and are going to be buying now. Heikin Ashi indicator: There were two dojis recently as well as a possible first green bar if on the daily we don't go back below $6115 today. I am going to be using this indicator more often as one of the issues I have had in the past is selling or buying too soon on an uptrend or downtrend. This helps iron out the noise and shows the trend. Shorts have doubled at a faster rate than back in April:
BITFINEX:BTCUSDLong
by BTC_SA
5
Potential SHORT SQUEEZE coming in BitcoinHey guys, saw something and thought I'd draw your attention to it Watch out for this if you are short. I would not recommend being short right now. We are approaching all time high shorts and we are in oversold conditions and the sentiment is very bearish. It is very possible that a short squeeze could be coming and a large one too. If you are short, make sure you have a stop-loss. You might not "think" you can get liquidated, but you can get liquidated. Your perception of reality is not reality. Be EXTREMELY careful with this guys. This could be the next big buying opportunity so watch out. This information is bullish and so I am going to select this post as bullish to make sure the bears see this. That said, I am not recommending a buy, but you should be watching out for a buying opportunity - this could be just that. I hope you don't get rekt. -YoungShkreli
BITFINEX:BTCUSDSHORTSLong
by CantorTechnologies
5
Last time number of BTCUSD shorts was this high...Could this be the perfect short squeeze storm? 1. We are at a major support 2. BTCUSDSHORTS are almost at a record high, last time they were this high was around 10th April, after which we saw a massive short squeeze 3. Tightly hugging the underside of downtrend line meaning there isn't much distance to go to break through. If we get enough of a breakout, there is gonna be a lot of easy short prey about! Is this a point where institutional buyers are happy to enter in the long term and start liquidating shorts for their own gain? Doesn't seem to be much gain left on the short side for the big money.
BITFINEX:BTCUSD
by mgibson91
2
XBT Weekly Analysis 8/13/2018Welcome! I've been learning/praciting technical analysis for awhile now and have recently learned a lot about price action. I plan to publish my thoughts at least once a week. My goal is to practice, improve, learn and hopefully share some knowledge with the community. Please feel free to challenge and question me (respectfully). This is also not financial advice in anyway and is meant for entertainment. PSA: Don't look for advice from random people online- learn and create your own ideas for trades! Daily: BTC is sitting right above a significant weekly support level that has been tested at least twice so far(depends how you count on the chart) . The first test off this level led to the rally up to $8k+ and so far this current test has faced heavy selling pressure and has not broken any real significant swing highs. We have had several daily closes below the June close recently(6363.5) but there seems to be some support from a 1W bullish block EQ around $6296.5. 4H: There is still some significant resistance overhead and a lot of people are looking to short 6800. There is a good possibility we either a) don't get back that high so soon or b) blow right through that area. I think we are more likely to see resistance around 6700 and head back down. I plan to short there on a retest if possible. This area has only been tested once and you can see it was quickly rejected. 1H: Not much to add on this chart. We have made some short term higher lows but until the swing high on the right(red curve) is taken out I think it is hard to consider any type of strong bull scenario. Trade 1: I'm hoping this trade leads to a much larger leg down and potentially sets up a big short squeeze for trade 2. Trade 2: Pretty risky but I could see a nice bounce happening here.
BITMEX:BTCUSD.P
by slothmike
[TRX Analysis] Where is the herd? There are four levels that I am currently watching on TRX/BTC chart on the weekly. In anticipation for the founder of Tron Justin Sun's "secret announcement" the market has seen a minute short squeeze. Justin Sun has switched his normal spam like tempo to one of more hush and lull leading up to this announcement. With its new found spot light on futures trading site Bitmex.com there is potential for short squeeze to occur from over leveraged short positions. If this plays out I am watching these levels as resistance to the trx bulls. Over 36 exchanges have integrated withdrawals and deposits of the Tronix coin from its ERC-20 token migration. Ledger nano has also begun accepting the coin for cold storage security. Does the herd value trx enough to place their coins under cold storage, time will tell. But scarcity and liquidity deems themselves important in positive price action.
Long
by FatherLiteBorn
Is TDOC a takeover target of AMZN?For all fundamental reasons the success of Teladoc is noble but you can see from this accumulation/distribution chart that someone is heavily accumulating the stock. There are multitude of reasons this could be happening. One super exciting and others very typical of trading in growth companies. So let's start with my far flung idea. Amazon is pushing aggressively to get into the healthcare space. There was talks of Amazon buying a large insurance provider such as Aetna. A much more reasonable acquisition, and one that would be the perfect fit to stair-step them into the space is Teladoc. Teladoc conducts medical exams entirely online and over the phone. They boast almost 20 million customer accounts around the world and have an opportunity in the U.S. alone to do at least 75 times their current volume of consultations. What better place for people to find that than the Wal-mart of the online world. Amazon. For that matter if Wal-mart took notice they would also be a suitor. Catalyst 2: Short interest. For a long time short traders were rooting for Teladoc to fail because they were spending heavy to acquire competitors and pushing growth over all else. Well those bets have not paid off at all. As a matter of fake with an estimated 38% of the float short we could see a short squeeze for the record books playing out before our eyes. Catalyst 3: The future prospects for TDOC without it being sold. Even with no buyer TDOC has grown over 100% this year with their own internal marketing push and the acquisition of their second biggest competitor. They are insurmountably the leader of the pack in tele-medicine. They are the uber of doctors if you will. They are in the critical mass stage. Twenty million customers turns into 50 million real fast when people start to tell their friends how their doctors 'visit' fell from $160 to $40. There is no doubting it is a disruption of the mega status quo and several of those companies have gone on to be worth 60-100 billion dollars. That is a 30x-50x from today's 3.8 billion dollar value. *** These opinions are my own and not meant to be financial advice. I am currently long TDOC calls.
NYSE:TDOCLong
by pohaus
1
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.***
BITFINEX:ETHUSDSHORTS
by ruud_one