TLRD - 67% of float is shortWith 67% of the float short and a borrow rate of over 6%, shorts won't stick around forever during this sideways move. Everyday they wait to cover eats away at their profits.
Unfortunately, the drop was impressive!
Be on the lookout for a couple squeezes.
Squeeze
The Long Squeeze isn't coming!!!Mr. Pips is starting to think that we might actually be gearing up for a huge pump! When shorts are at ATH's, there is usually a short squeeze. When Longs are stacked and the price is not reflecting the amount of Longs, there is almost never a squeeze(historically speaking). Instead, The Longs tend to sell off as the price pumps and positions are closed to take profit. Mr. Pips is actually about 80% leaning towards the price spiking up. Most traders by now have become aware of the huge number of longs and are expecting there to be a squeeze. This is the exact situation institutional money loves to exploit. I could see a flash dump happening to entice some more shorts before BTC runs up. Either way, Something BIG is on the horizon. Stay alert my friends.
Mr. Pips wants you to have a blessed and Profitable day!
Mr. Pips Quote of the Day:
"The person who doesn't know where his next dollar is coming from usually doesn't know where his last dollar went!"
Disclaimer: All information provide by TheRealMrPips is for educational purposes only and is not intended to be trading advice or trading consultation. You are responsible for your own personal finances and trades!
BITCOIN CONSOLIDATION PATTERN | MULTI-MONTH PRICE FORECASTI believe Bitcoin will not follow the price action from the previous cycle and instead carry out a consolidation, bullish pennant, equilibrium formation.
Price in equilibrium pattern as it gets squeezed over the coming months
RSI projection is heavily bearish
200WMA forecasted to intercept upwards sloping trend line for potential pivot point
Monthly MACD cross over, heavily bearish forecast for the coming months.
Conclusion: Bullish momentum halted for the short and medium term. Price to consolidate & volatility to weaken over the coming month(s). Price to swing and pivot between trend lines and squeeze before breaking out to the upside.
SEELEBTC Short SqueezeHello TW community,
This is my take on SEELEBTC. A short squeeze pattern with accelerating trend, and a hint on where to take profits.
Hope you enjoy and get something out of it.
My ideas are for entertainment purpose only and should not be taken as financial advice.
Best of luck,
Opportunity for BTC to show direction after BB SqueezeIt seems that right now we find ourselves in a BB Squeeze. This means that soon we will find out the direction of the next big move. People tend to be reserved right now and want to see confirmation of a move. I am going to exploit this using a good Risk Reward ratio and enter a long.
The sell is located at the old stable price, forming a logical resistance level. The stop loss should be slightly under the weak support that has been formed given the few weeks that were stopped there.
HOW-TO GRID TRADE (Tutorial #1) Trade While You SleepHOW-TO GRID TRADE:
HIGH PROFITS - LOW RISKS - TONS OF FUN.
Trade While You Sleep
Let’s be honest, trading is risky, especially trading crypto. We all know it’s just matter of figuring out if market prices are going up or going down, but isn’t it funny how the market seems determined to go in the exact opposite way you pick? Especially when you have money on the line!
It’s great that markets trend 30% of the time, we attempt to catch the wave (up or down) and cash in when we’ve called it right. But the often overlooked reality is, markets go sideways, they consolidate, they squeeze, they get stuck in ranges over 70% of the time. Just when you thought you were catching a trend (to the moon!) , now you’re stuck waiting for the market to do something. It zigs a little, it zags a little, smaller moves, up, down, but nothing too exciting, right?
If we only could get paid for watching charts wiggle in a range, not having to predict whether things are going up or down… THAT’S what would make you smile . Agreed? Especially if you could automate this “wiggle for profits” idea and reduce your risks to a bare minimum. THAT’S what this article is about. Grid Trading, or how to wiggle your way to high profits without losing your shirt.
Let’s learn and have some fun!
GRID TRADING STRATEGY
Trading bitcoin and other cryptocurrencies with an automated solution has become a very popular plan-of-action because it guarantees 24/7 trading activity. It reduces our addiction to chart watching and lets us eat, sleep and be merry. It allows you to exploit trading opportunities around the clock, manage your risks without emotions and follow a predefined trading pattern that often beats the ROI (Return on Investment) you're getting from other hands-on trading strategies.
While all this is true, it was another factor that brought me to Grid Trading initially. It was the fact that even though I loved to get in the trenches and trade chart patterns, indicator signals and often unsubstantiated “hunches,” I found that the capital I was NOT actively trading was just sitting there, doing nothing. The bulk of my capital was sitting in USD, or USDT or BTC . Because I risk manage and rarely enter a trade with more than 5% of my total available money (per trade) , more often than not… 50% to 80% of my investment capital was NOT realizing any return at all.
THE LIGHT GOES ON
One day, after testing a little known, little used strategy of trading within a pre-established GRID range where every tick-up and every tick-down had the probability of making me money, the light switch within my head went on. Why not take my some of my “reserve” capital, place in a Grid, automate the process, and let it earn a little “side-money” while I continued my regular trading activities?
As this “side-money” project took off. I started noticing that it would many times make more of a ROI than my regular trading. I’d look at my Grid results and often see 2%, 3%, 8% over a 2 or 3 day period - these were serious returns, with far less the risk. Annualized I was looking at gains of 300%, 500% even 1000%+ if I just focused on Grids. uh, HELLO!
Truth be told, Grid Trading is not a panacea of all wins and no losses. It’s also essential to know that a grid trading strategy does not guarantee a stable income in all market conditions. If you want to successfully utilize a grid crypto trading strategy (like I can teach you) , you must understand the fundamentals of trading, the current market phase, how to find grid trade opportunities, how to set-up grids for maximum gains and how to manage the risks.
HERE’S THE GOOD NEWS
Grid Trading is no harder than what you’re already doing and in fact, the learning curve is far less challenging. Most people can have their first grid up and running within a day or two. You can do grid trading while you continue your other trading pursuits (as it requires little time or effort). If done right, your odds of making money are much better than almost any other trading strategy you explore.
LET’S START WITH A CRAZY LOOKING TRADINGVIEW CHART
GRID BOT EXAMPLE
THE PATH TO PROFIT IS NOT A STRAIGHT ONE...
You’re looking at (in the chart illustration) is a 23 HOUR period (15 min. chart) with a grid range of 5.48% (bottom to top) . Had you been lucky enough to have bought at the bottom and sold at the top (just a regular trade) , you have pocketed roughly 5.48% on a single trade. However, with an automated GRID trade strategy, every zig down BUYS and every zag up SELLS all in incremental and equal portions of your capital. So the more zigs and zags you have, the better! Just as an example, you can turn a 5% gain into 8% if the path zigs and zags along its way.
Keep in mind that in this example, we are only trading LONG, yet we profit from the up and down price action as prices cross each grid line triggering a buy or a sell. Once any transaction is complete, the automation resets a new grid line to replace the previous one that was hit. And so it goes, cha-ching, cha-ching, cha-ching!
UP? DOWN? WHO CARES!
Grid trading is a type of strategy generating earnings from the market movements in a specific price range. It loses its power in a strong trading market (for example when pump or dump happens. The grid trading technique explores to its benefit natural price volatility within a defined range. It does this by opening buy and sell orders regularly at fixed intervals above and below a market price.
The advantage of grid trading is that it requires little forecasting of market direction (though you are best to seek out sideways or upward ranging market periods). In addition, it is easy to automate this strategy and run it continuously. The biggest drawback is if there’s a sudden price drop without retracement outside your pre-defined grid range. This drawback is best managed by adhering to good stoploss placement and smart observance of support structure and trend tendencies when setting your grid parameters in the beginning.
BECOME A CRYPTO GRID MASTER
Learn how to grid trade properly and you’ll experience one of the easiest, safest and time-tested trading approaches ever devised. Stick with it and in the long run, become a "Grid Master" and you can enjoy substantial results.
FIRST IN A SERIES OF GRID STRATEGY EDUCATIONAL TUTORIALS
I hope this tutorial series helps increase your bottomline!
HOW DO I LEARN MORE?
1) Review my related IDEAS and TUTORIALS (linked below)
3) Explore my GRID INDICATORS (linked Below)
HOW DO I AUTOMATE MY GRID STRATEGY?
Explore further help and links at the bottom of this tutorial.
PLEASE HIT THE LIKE BUTTON (and follow me... lots of great stuff in the works!)
As always, I appreciate your support. Please share with others.
ENJOY!
Dan Hollings
Master Crypto Grid Trader
Please Explore My Other Indicators, Scripts, Grids and Educational Ideas.
@ DanHollings on Tradingview.
$IBGR ready for big move after small delay!$IBGR appeared poised to move towards 10 cents a few months back, however the company took a good step back and replaced some bad-eggs..
With 140M OS, Market Cap under $2MM and 1 App already announced for September release (Real Estate App - "Address"), it appears the trend has reversed and it's time to accumulate ahead of the move towards 10 cents.
Per recent filings, the Reg-A (dilution) is canceled and the company appears to be funded for for the foreseeable future...
Recent move had broken above the SMA200 and the chart appears to be targeting a breakout of the long term sideways channel.
The Accumulation line is indicative of the shares being held more tightly than they were at .03, therefore we should see a quick move with any buying pressure.
Not shown here, however the stock is currently trading within the ichimoku Kumo which is another bullish sign and one which should bring some volatility!
Note that I am holding shares here and my target is above 10 cents!
Watching For Squeeze/Widen Breakout PatternBTC is building a triangle around $10k. It was avoiding it and now it looks like it's going to build a point of control on top of it.
This will likely end up making a triangle pattern which squeezes down to a point then breaks out from the triangle.
This will turn the squeeze pattern into a megaphone pattern which is difficult to trade but still has potential to yield high reward/risk.
I am leaning toward it breaking out to the down side but feel like there's maybe a 1/3rd chance or so it will break to the up side.
In either case I will be looking to enter on the retest of the $10k region after it has broken away and looks like it's not coming back.
Basically I will be watching to trade the b to c point on either the red or green after it makes an 'a' type move out of the triangle.
Making trades while it's still in this triangle is not such a great idea, there are other things to trade which are not stuck in consolidation. I will be posting some futures charts next which show where I am focusing my attention while BTC makes up its mind.
Gold is one market that has a lot going on it it right now.
Litecoin Rangebound with some Bullish SignsLitecoin is currently trading between 2 support and resistance zones, roughly between 88 and 108. The top of today’s candle touched the 100 EMA but the fast 21 HMA has started to turn up. Also, the fast squeeze indicator has turned green and the slow squeeze has turned dark red, a sign of a potential upward move.
We’ll see if price can break and stay above $100 and get past the 200 EMA.
(Not investment advice)
SingularityNET (AGI) setting up for a great sunday!Signal: BUY (Bought @639)
Stop loss: 625 Sat
Exit: Target ~700
Lesson about symetric triangle Here is an example of a symetric triangle pattern played out on the 4hr XRP/USD chart. Im starting to see these triangle patterns more and more whether it be considered a pennant or whatever. The results are similar regardless of what you call it. Price gets squeezed towards the end of the formation and at a certain point it shoots up or down. The tricky part is predicting which way it will go. But with the triangle at least you could have predicted when the price action will occur. I am still learning a lot myself but I am trying to document my journey from scrub to master of the charts.
alright not gonna lie i f'ed up hard shorted bitcoin too early!!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 major 6k resistance was so close and I didn't think it would just go straight through it like it was nothing.... but it did and now I am very very butthurt obviously I will not buy back in at these prices youd have to be a complete retard to buy in right after a 200% pump in literally 8 weeks.... but... I will problably be forced to buy back into this correction closer to $6,000 and get short squeezed pretty badly..... from 5300.... I do believe this will correct to 4500 but I can no longer BET ON IT ANYMORE I MUST MAKE SURE I OBTAIN THEM AND NOT GET LEFT BEHIND AND THE ODDS ARENT HIGH ENOUGH FOR A DROP TO 4500 ANYMORE!!!!!! I DO STILL BELIEVE IT WILL HAPPEN BUT I CANNOT BET ON IT AT THIS POINT ITS JUST TOOO HARD OF A DUMP TO BET ON HOWEVER IF IT DOES I WILL PROBLABLY TAKE OUT A LOAN FROM THE BANK OR SOMETHING TO BE ABLE TO COMPENSATE FOR GETTING SHORT SQUEEZED BECAUSE I HAVE SOMETHING INSIDE OF ME THAT JUST ABSOLUTELY CANNOT LET THESE BITCOINS GO!!!!!!!!! I CANNOT LOOSE THEM I MUST GET THEM BACK SOMEHOW SOMEWAY I MUST IF I HAVE TO TAKE OUT A LOAN I WILL DO WHAT I HAVE TO DO!!!!!!!!!!!!!!!!!!!!!!!!!