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Squeeze

Bitcoin Looking StrongSo 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 8500, however, if it doesn't then the bulls on the exchange are fighting to get slaughtered. Also, it appears that a lot of the whales have shown their faces, buying and selling, opening large short sells a lot right now which I think is an interesting note, including a 10000 bitcoin worth of shorts, which I believe is owned predominantly by a small group of people or an individual. That's a big short, and it was a smart positioning, so these are definitely whales fighting it out or whales appearing to fight it out to get a good short position or any other realm of possibilities. Right now in Bitcoin: There is a strong channel and there is a symmetrical triangle in that channel, so it can break in either directions, if it does break downwards, I think the bottom of the channel will provide strong resistance, enough to catch it; however, there is a huge morning star inverted hammer, huge. And it marks a strong resistance at around 6430, a close above this wick would how strong bullish meaning and it would indicate a lot of weakness in the bears and it would also mean that the bulls will most likely test the 7700 to 7800 area. If something like this does occur, it may cause a short squeeze, a big one, but I do believe that short is smart money, because of the placement, its really truly phenomenal to witness smart money at play. If the support of the channel is broken, I believe the bears will most likely retest 6800 and I think it will most likely break. Key Points: 1.) On Bitfinex, Bitcoin is in a strong ascending channel with a symmetrical triangle (in yellow) inside of the channel. The symmetrical triangle can break out either direction, but I do believe that it is more likely to break in a downwards direction because of the inverted hammer which I would like to add had more volume than any point on the rise and each rejection at the bottom, the price objectives of the symmetrical triangle are 7090 if it breaks out to the downside and 7455 if it breaks to the upside. However, I do think that the bottom trendline, could catch it. Please note: nearly all other exchanges do not show a symmetrical triangle or an ascending channel, instead they show a bearish wedge and a head and shoulder topping pattern. I will be posting an update of this on this thread. 2.) If the triangle breaks downwards, I do believe the bottom of the channel can catch it, however, if it does not get caught by the bottom of the channel, I believe that it will test 6800 and it will bounce to form the right should of the head and shoulder topping pattern, or it will completely roll over, because I have thought something would have been resistance supported by TA and it just fell through. 3.) One last thing to take note, is that there is a possible falling three methods* on the weekly, it was something I was keeping a close eye on because if it does come to fruition, it means there will be a huge drop incoming, it is important to question the validity of this though because the third rising candle shouldn't close above the support of the first weekly candle, and it closed about 200 above it. But that is text book falling three methods, in the real world, not everything can always be so clean. *Falling three methods: about a 5 candle pattern, the first candle is a large decline, and the "three" which can be 2 or more than three but three would be best, should be within the price range of the much larger falling candle. The last candle, the final move of the candle stick pattern, is a significant decline roughly the size of the first candle stick. Last Analysis:
BITFINEX:BTCUSD
by CuddlyCuddles
BTC : The Paper Airplane fractal, get ready for landing Hello ! Second TV Idea in the pipe, my first one did react pretty good so I thought I would do some more. I think the chart speaks for itself. I'm making these conclusions based on my own swing trading system that I will not fully disclose here. It works with a 86.2% success rate since October 2017. The fractal could indicate that further bearish momentum is in the works. This is why I would go short around 6800, or at maximum around 38.2 fib at 6880ish. Any stop loss around 7180 would be safe. I don't have any target down.. We could possibly simply retest the 6000 area. Maybe we break it, and things would get pretty ugly from there. I think we will see a clear direction on Monday, and then depending on the action, we can react accordingly. The only thing making me tick is the amount of shorts currently opened. Check the BTCUSDSHORTS ticker for yourself. Now, when most people are saying "It's at all time high, we HAVE to get squeezed", even CNBC talking about it, I would like to point out the fact that in between April and now, there has been a really tremendous amount of people moving into leverage, just look at the overall BitMex volume. If there is further downwards momentum, I think shorts can reach 45K easily, why not even more, before getting some sort of squeeze. Since we dropped in February, we have been making some sort of Wedge, or Triangle, that keeps making lower highs and lower lows. If we take in consideration the weekly Heikin Ashi, We have always seen a continuation from the top, to the bottom, and from bottom, to top. What I mean is that we never touched top, or bottom of the big wedge twice before reversing. We always touched the top, then made a new bottom, then made a new top... Etc. We perfectly touched 8.4 as new top of the wedge from the previous low at 5800. So we should see downwards momentum to find a new bottom. 5500 seems plausible. If we go up from here, it means a cycle is ending, and we have to chart again to find new scenarios. But again, if you're playing the odds on a statistical point of view, there is way more chances of us going down than going up. I will update this idea as the trade develops. Remember that this is no financial advice, do your own research, have an open mind, and don't blindly listen strangers on the internet. Join the discussion ! Let's exchange ideas.
BITFINEX:BTCUSDShort
by Its_Gui
35
BTCUSD possible run to $7250Educational purposes only. Trade at your own risk. Each dead cat bounce since our initial capitulation at $6000 back in February has caused a breakout, however what is most interesting is each bounce has reached 14-15% less than the previous high on the way down. You can't draw a straight line to connect these due to the timeframes, but it's quite obvious what has happened. We have been in this consolidation zone for way longer than any other time period and it's tighter than in previous consolidation periods (look at June/July). Overall I am bearish but a good trader looks at everything as a whole. Shorts are basically at an all time high on Bitfinex and we're about ready to squeeze a bit. If we break upward, it will cause shorts to close as people anticipate a full on bull run. Trade carefully and manage risks appropriately. Most importantly, watch what happens at $7,250... if we get there. If we do, it likely needs to happen before the end of August.
BITFINEX:BTCUSD
by adam2web
2
BTC - New short squeeze is incomingThe amount of opened short positions is skyrocketing again. From 17k on Aug 2, it more than doubled by the end of the month and almost hit the previous record of 40k+. Combined with the recent influx of negative news, it may very well try to reach the new high in the nearest future: SEC Quashes More Bitcoin ETF Pitches in Another Blow to Crypto www.bloomberg.com Will Bitcoin Crash? Learn From History's Biggest Bubbles www.bloomberg.com #Bitcoin stuck below $6,500, and @AnthonyGriz is betting on more pain to come twitter.com However, the nature of such parabolic runs can be called anything, but sustainable. It didn't end up good last time in mid April. I have no reasons to believe that this time it will be any different. I will not be surprised at all if the market "suddenly" develops opposite to the direction mainstream media is pointing at the present moment.
BITFINEX:BTCUSDSHORTSShort
by OceanBlue
1
No more "Short Squeeze".. Because Bitmex Funding rate is > 0For people who still think there will be short squeeze soon ( 21 Aug 2018 ) and the price will jump skyrocket like in April 2018, think again. They already tried to do short squeeze when bitfinex short position was around 36k a few days back but the bull can only pump the price to around 6630$ and then slam down hard. I think the better indicator to look for the short squeeze possibility is Bitmex Funding Rate. Because when funding rate is < 0 ==> it's mean people hold short position more than long position. The far from 0 down, the more of short positions accumulated. ( You can check rate history here coinfarm.online ) And right now, the rate is > 0 and will be 0.01% soon... it's mean that short and long are almost equal. So no more stupid bears will get Rekt in the near future.... ================== I think a lot of weak hand people, noobies or gamblers already got rekt at Bitmex and those people are out of the market ( no money! ) Right now, only some strong and ( a bit ) smart trader left, and no more stupid 50x-100x at the resistant zone so no more Rekt chain reaction....
BITFINEX:BTCUSDSHORTSShort
by Real_inwCoin
15
Prepare for Short Squeeze! 6500->8000 in few minutes!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 rekt alert from Bitmex Rekt bot. ) Well, this time it could happening too. Because when most people looking at the same way, whale ( or maybe us lol ) will do the opposite. I think if the price can stay at 6500 + it will be very scary because it might jump real bad because of short liquidation chain reaction at bitmex. I think a lot of big order are around 6500-6800 range and it can be rekt so easily. Anyway, it might not happen but who know! Better prepare!
BITFINEX:BTCUSDSHORTSLong
by Real_inwCoin
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
BTCUSD: Break Of Bearish Trend Line Means Bulls Taking Control.BTCUSD update: Inside bar formation leads to price spike into the 6431 to 6614 resistance zone. This should not be that surprising if you have been following my recent articles on S.C. and on here. The bearish trend line which was compromised in this move is the first confirmation that a broader bullish move is in progress. It all started with the pin bar 8 days ago. I wrote about the significance of it's size and location. The 6431 to 6614 resistance happens to be a minor .618 zone relative to the recent 6850 high. The simultaneous break of this zone and bearish trend line are significant signs of strength. As I wrote in my S.C. article earlier today, the shallow higher low which has been established by the inside bar, is a riskier location for a swing trade. Our plan is to wait for the next retrace in order to enter a swing trade long. An attractive location for a setup would be the 6126 to 5977 support zone (.618 of current bullish swing). In light of the probability of this broader area, we are anticipating a higher low formation rather than a retest of the lows on the next pull back. The mistake to avoid is to chase this market now. Even though it has potential on the bigger picture, the risk of retrace increases as it climbs. At S.C. we have been writing about accumulating inventory for weeks across all of these coins. As this market bottoms, we are in a general position to benefit, whether we catch the smaller individual trades or not. And that is the whole point of employing strategies across multiple time horizons. In summary, do not worry if you missed this squeeze. As I wrote on S.C., opportunities are infinite but at the same time infrequent. Patience is your best friend in these markets. One of the most valuable skills you can develop as a trader is the ability to wait. If a broader move higher is truely in progress, there will be more opportunities to get long that offer much better reward/risk. The next retrace will be a very important test for this market. Prepare for it now rather than fretting over the movement that has resulted from signs that appeared days ago.
BITFINEX:BTCUSD
by MarcPMarkets
11