Brent Crude Oil: UKOIL Short Squeeze has much more to goThe 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 price to 88.29 and the 90.61 target.
Squeeze
Lets do this one more time! The Shorting Squeeze returns!You can see that we went through a 'mini' downtrend. You would expect that people would learn from the previous super squeeze but once again the point where people start opening most shorts is after this 'mini downtrend' is completed.
With the price remaining static for already few hours and what looks to be a 'Trolling' rising wedge forming there is a good chance that the people shorting are going to fuel the pump straight through this resistance. As you can see the shorters are rising rapidly.
I'm not sure how big the effect is going to be this time but for sure it would create a big green stick.
Please remmember that this is just a scenario. Do your own research, humans make mistakes.
Goodluck,
VIncent
GLOW Hammer Forming 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 $.19 but held up well. GLOW has a p/e of nearly 1.28 and total assets of 15.42 mil. Could be a short squeeze coming.
BCASH Shorts on finex are currently parabolic (possible squeeze)Some big players have been shorting bitcoin cash since 950$ 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 up to 2000$, (I will personally start building a short position after that happens)
BCHUSD nice squeeze. Continuation?BCHUSD has done a great movement yesterday but now is quite extended from EMAs
Remember, it is always best to take any trade near these levels or even near pivots or trendlines (far from these levels could considered as extended, quite dangerous and chasing the trade)
Now we are waiting the retracement to occur then of course taking the pullback :)
If no retracement, then no trade (would be very extended)
Our target points are just important levels, 200 EMA, 100 EMA, pivots and trendlines (trade the obvious)
Keep tight stop losses
Alberto MT
BTC Short Chart... History repeating itself? This is for educational review. This is not financial advice.
Wanted to show that a short squeeze can move the price up impulsively on the flip, but doesn't indicate a bull market. More likely just the big boys taking retail heroes money who don't have enough margin to cover shorts. Everyone was eyeing 7500 as a stop loss but the real stop loss is at nearly 9K before we reach meaningful levels. Got to have deep pockets to play in the range we're in now, unlike 10-20K.
M
BTC Short Squeeze to 8kYeah. I can see it happening next week.
If we gain any momentum at all we will squeeze these late shorters.
I am betting on a play to mid 7500+ with enough juice for an 8k profit point.
Good luck. Manage risk. We were 4/4 last month on trades with a profit target of 3:1 or more. My analysis shows a strong probability of a short squeeze in the works.
IOST Potential; support lines converging at squeeze pointWill update this once I see a stronger signal
The Squeeze Continues - Support and Resistance Levels Earlier this week, BTC had a fantastic bounce off the 2D long term trendline that I have shown on the chart above and more clearly on the one below.
We are now facing minor resistance at the .382 fib extension, with the major downward trendline not much higher above.
Failing to break through this first level of resistance would likely be a continuation signal, which ultimately could send us back down to test the 2D trendline once again.
A break below the 2D trendline will be an extremely bearish signal. considering that this TL has not been broken since its creation in early 2017.
IF we fall below the 2D TL we have another major TL down at the 4k range and then the 2k range below that.
As the squeeze continues, is very unclear which way BTC will choose to go.
This bounce showed that there is may be some light at the end of the tunnel, however we're far from in the clear.
The chart above shows both possible support and resistance levels regardless which direction BTC decided to go.
Please trade carefully.
Wish you all the best of luck.
2D Trend Line Support:
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BTCUSD - 1 hour chart SQUEEZE IndicatorLooking at BTCUSD on the 1 hour chart, there were two hourly squeezes that would have worked out nicely for potential trades.
Both squeezes fired off LONG and a subsequent large rally in BTCUSD was seen for nice gains.
Trade entry - after red dots turn gray (Squeeze ends)
Trade exit - at peak of histogram (histogram begins to trend lower; programmed to change color)
SQUEEZE active - RED dots
SQUEEZE not active - GRAY dots
SQUEEZE fires off - GRAY dot after 1 or many RED dots
Note: A squeeze is defined as the Bollinger Bands (BB) moving inside of the Keltner Channels (KC) for this indicator which shows low volatility in the price action and energy build up for a big move.
The SQUEEZE indicator I am using has 20 period EMAs for the BB and KC centers and 2.0 std dev and 1.5 multiplier for the BB and KC bands respectively (not shown on chart; only on indicator dots).
Happy Trading!
~KP
BTC possible channel squeeze.Here we have possible channel squeeze. Last week since we started the downward movement, we had a lot of different patterns. Bearish flag made us break out to 7600 level, where we found a support and had a bounce. Now we are forming possible another bearish flag. Yellow lines show the channel we have been squeezed for few weeks already. Major support and resistance levels to watch out on the way down.
If this is a bearish flag, that looks very similar to previous one, i expect to see us reaching 8140 levels and testing the bottom of the flag. Consolidation period and break down according to the channel.
Lets see how it plays out.
ICX In A PinchICON appears to be in a similar situation that we just saw Ripple in before it broke out sharply (and then bounced back down just as hard).
Huge bullish divergence in all the right places. If you check the 15m and 30m charts, where alt coins tend to be more responsive than the big players, the divergence persists and we can see a very smooth and gradual rising of the lows on the MACD that appear to be consolidating to zero towards the apex of this squeeze. Could signify longer-term long positions.
After the way XRP played me last night, I'm weary of taking on a new long-term girlfriend, so I will be proceeding one candle at a time here.
Wait for the breakout! Set stops accordingly!
Cheers!
-B
*This is not advice to trade. If you would like to take everything I just wrote in this post and create an abstract message from it where I'm subliminally encouraging you to be a better version of you and to love everyone around you, then by all means, take this advice. But don't trade just because I said so.
APPC/BTC - 100%+ Potential TradeBollinger Squeeze - Bullish RSI - On support line
Plenty of events this month, high volumes forecast!
Good luck.
OST UPDATEA quick little update for OST ,
Early this morning we got news of OST partnering with Unsplash, a company that is a free photo library with a Huge community.
This pumped up the price a bit a to 3500 sat, and volume is increasing from 70 btc/24 hours to 300btc.
To add the squeeze has been firing for the last day or two, and ive come to trust the squeeze.
Please do your own research if you find this information valuable.