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Squeeze

Bitcoin Back Up To 5400 And Then DownI 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). I would like to see Short's come down significantly before we make a move down, and the only way that will happen is if we see some kind of a squeeze to wipe out the leveraged Short's. I'm thinking this move will take us to around 5400 and could take several days to materialise. It's possible we go higher, but I am very doubtful we can surpass 6k which is significant resistance zones from multiple points such as the 50 week MA, and the massive base of support formed in 2018. So how I plan on trading this is to set sell orders at 5400, and add to it if we proceed upwards from there. If we don't quite make it to 5400, then I will wait until I see an opportunity for entering a position a bit lower. Of course we could drop from here without a squeeze, but it doesn't feel like Bitcoin's ready to do this so obviously.
BITSTAMP:BTCUSDShort
by kickflip360
LTC hit bottom? OR drop to $5-10?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 bottom but I cannot have tunnel vision. We see what we want to see) So LTC, after doing so well, will most likely see a correction. The degree of the correction though is the real question. A possible drop to $5-10 is definitely not out of the question! RSI is running very high, and staying high so this a bullish sign. However, LTC could also be forming a large bear flag on the 1 day chart. If the bear flag is validated then a price drop to $5 is very possible. Also the Bollinger bands on the one day support that correction. We could see resistance in the low $30 range as there will be a double bottom here if the bulls can resist. If the bulls can hold on and we see the $50 heavy resistance break for the bears, and the bulls can keep it there, the probability that LTC has bottomed is defiantly increased. However if we loose the resistance around $30 and can't hold, then the price might very well plummet. Like I said I am a bull so my hope here is that we see the bottom here and the 2018 bear market can come to an end. However we have to be open minded and patient. A short to $5-10 is definitely not out of the question and neither is a short squeeze to $50 +. I am very much a beginner and just want to make observations and learn from them! My simple analysis is for fun and learning, please do not make trading decisions based on my observations - like I said I am just a beginner. Thanks so much for reading my analysis, please follow me and like my post! - Max K.
KRAKEN:LTCUSD
by MaxKoke
AAPL Squeeze PlayNASDAQ:AAPL is offering some excellent risk : reward to the upside in the 160-170 price zone for a longer-term (daily/weekly) trade. Closing the week above the weekly bottom of the Ichimoku cloud and 100 SMA should set up for a potential short squeeze following a weekly gap that opened below both. an entry either on a pullback as pictured around 168, or wait for a daily close over the weekly 100sma around 171 would both work. There's a delicious gap between ~169.50 - 174 from April of 2018, and in the last 2 weeks, this zone has been passed through relatively easily (similarly to what we saw in April). Finally, bullish divergence on the RSI on the daily and potentially on the weekly as well. Liberal bullish targets would be the weekly or the daily 50 sma, or the down trendline from ATH, whichever is hit first. A more conservative target would be just below 185, which acted as previous resistance and then support before the run in late summer of this year. A daily close or gap below the lows from May likely induces some selling, at least intra-day, so if you don't want to own AAPL long-term, a stop loss below 160 may work, but realize that the path higher could include a test below and close above the weekly 100 sma /Ichimoku cloud. Note the orange weekly Chinkou Span/ lagging line on the ichimoku system appears to be bouncing off the weekly 50 sma.. Potentially bullish confirmation that this line will act as support in the near future once again. So starting a position anywhere between 150-180 in longer-term accounts seems like a reasonable plan. If I already owned AAPL, I'd still consider adding anywhere in the 160's. If we do see the market hold and we don't get a weekly close below Mondays daily close at 169.60, it's possible it is never tested again. The monthly chart suggests we either hold around here or could be headed for 135-140. This also means a failed attempt to squeeze higher and a weekly close below in the next few days could set up a very nice short-sided trade.
NASDAQ:AAPLLong
by Red_Ben
Why most BTC long-term charts is WRONGHey all! Welcome to this short but interesting BTC long term analysis. I see a lot of people literally PANICKING atm. because of the break of our current long term log-trend. What people might not realise is that these types of trends is NOT working well with BTC over the long term. Just look at the chart. Over the last 8-9 years we've had 3 long term logarithmic trends, which all have been failing. Even though we broke through the trend back at $5, did it matter? We did eventually go to 19k. Seriously speaking, people need to relax and just go with the flow. These market cycles happens all the time in different markets, so it's clear it's many "new" people in here which have never ever been in a bear-market. We have not yet found and tested the trend I got in this chart, which I personally got more faith in; BLX got the most BTC history from back at $0,05 showing all the cycles and big-trends. They've all failed, but we are still not at $5, are we? See for yourself Agree? Hit the +1!
BITSTAMP:BTCUSD
by Pineapple1k