SGYP Is Setting Up for A Big Move!SGYP seems to be setting up for a big big move. The Squeeze Momentum Indicator has been forming a triangle which is now about to close and the crosses in the indicator have been black for some time meaning that a release of the squeeze should be about to manifest. My guess is that spike will be to the upside, and it could go as high as 3.60$ (90%+ appreciation), which is the 0.382 retracement level of 17's highs and the 1.618 retracement level of this year's highs.
Squeeze
Fat cup and handle (C&H) on ZRX on the 12hrLooks like 0x ZRX is going to pop out of the triangle in the coming days. Looking for it to bounce up and test .000215 sats, then retrace down to .000195 range before continuing past resistance.
20 day EMA looking positive still for the run.
**Full Disclosure**
I'm not a pro trader, just going off of what I've been learning the past few months. Definitely not financial advice, do your own research. Any feedback is appreciated.
BINANCE:ZRXBTC
$RUN seems to be ready for another leg upImpressive relative strength today on $RUN.
Broke out of consolidation on strong volume. Short interest of 18% might help to squeeze a little.
$SHAK looks like it might confirm breakoutSHAK had a breakout on strong volume two days ago and looks like it could leg up from here.
Yesterday the consolidation zone was retestet - close today will be interesting.
High short interest of 40%+
$WBAI breakout on decent volumeInteresting looking chart with rising volume the last few days.
Might be shorts covering - short interest is high with 20% and might go in squeeze mode since it´s a small cap with relatively low liquidity.
Round bottom looks nice as well as the double bottom (almost.. more if you think of aa supportzone than the previous low)
XLM (Stellar Lumen) is in a squeeze and might POP!XLM (Stellar Lumen) is in a squeeze and might POP!
Why BTC fractals are not always trustworthyHello!
In this chart I'd like to show that you can find nice fractals everywhere, because fundamentally markets are driven by human mass psychology and since this mass psychology doesn't change, the patterns also repeat.
But are they always to be trusted? No. One has to look at a lot of different factors and check if the situation now is similar to the situation of the comparison fractal.
In our case here, many people expect a nice pump like the one in the beginning of april.
However, even though the pattern before the pump looks very similar, the market conditions now are quite different.
One has to realize, that whales play the market in order to make nice profit with leveraged longs and shorts. It is very easy if you have a lot of coins. You look at the ratio longs vs shorts. If for example one is much higher than the other, i.e. shorts much highter than longs,
you can create a short squeeze, with one strong buy. This triggers a cascade of shorts that are closed, forcing the price higher, closing even more shorts, a short squeeze. Those whales wentl leveraged long before that, and made some nice profit, and sell their coins alter for
a higher price, because the ensuing FOMO drives the price even higher. A win win for them.
However, as you can see, now the situation is quite different. Leveraged shorts are much lower, in fact, the longs are much highter than the shorts. This means that one should not count on a short squeeze like the one beginning of April.
From looking at the overbought 4 hour and 1 day stoch RSI, a declining price is more likely. I say more likely, because one can only speak in probabilities here. I give a 70% chance that we grind down, and a 30% chance that we still go up, despite high longs.
When trading BTC, it is always good to look at the long/short ratio, because then you have a good overview of the general market sentiment, which is more bullish than bearish now. And most of the time it is good to do the opposite of what most people do, hehe XD.
Since I like doing the opposite of most people, I have a moderate short position open atm.
BTC on the daily - A clearer picture formingAs we take a break and some time to breathe after this relentless bear market, I would like to show some general levels to be on the watch for on the daily:
The general trend line support (orange support line) is not a level I take too seriously. With every new low we get, a lot of people just move it down and down and down. I see it as a general level I watch for in order to set targets. However, IF we did indeed found bottom here at 7062 then the trend line support is indeed indicative of a good general support level.
The general trend line support, together with the general trend line resistance (here in blue) show a general trend of BTC after its all time high. Bear market? Yes. But what I think is even more important than that, the movement seems to be forming lower highs and higher lows(In other words, a wedge). These lower highs and higher lows are converging towards a point of decision for BTC. If we will then breakout of the larger wedge, then we can see another larger bull run. If not, then long and boring ol' accumulation floor it is!
The red bars are what I believe to be stronger resistance, possible future support, levels. Rght now, the large green dildo that blew us out of the 7k range is testing the first resistance level.
If we reach near it, I will pay special attention to the 7750 range, as it is apparent confluence between the 0.23 FIB and resistance.
As of right now, it is still too soon to see if this reversal is indeed a bounce of the current bottom, if it's a short squeeze or if we are in a bull trap. Based purely and solely on my instinct , as I am waiting for more data to come in, I think we will resume the downtrend to AT LEAST test the 6.9 range.
Bear squeezing and the next big move.Alright it has been a long 24 hours or 48 hours..... shit i can't remember. I haven't slept in awhile and I need more coffee. Since my previous wedge was broken due to market manipulation...*GASPS and DISBELIEF*. I have been watching closely to see what BTC is going to do; and making a tidy profit on Bitmex riding the wave of manipulation . It looks like we are finally in for the almighty rip back to relative normalcy(I think that's a word). Watch for another dip to the 7570-7550 range and then hold on to your seats cause we are going to rocket out of this bull pennant(hopefully squeeze a few more bears along the way)
Or....
Soros and Company will drop our asses to 6500 and destroy every long position along the way.
happy trading. lolololololololololol
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.
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
$AAOI C&H Pattern Setup$AAOI C&H pattern developing. Monitoring for a possible short squeeze coming. 1st target $37.82 near 200d ema. Note: very high short interest 75-80%.
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)
Expect Trendline break to downside before the BIG SHORT SQUEEEZETheir gonna play the shorts (again) like a bad movie rerun. But first they need to puncture the bottom trendline to draw in lots of shorts before the atypical put burning..
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
