updatebtc shorts increasing. Still believe all the wicks below will be filled a full body candle. When that happens most likely will be the top for btc.
Key data points
Previous close
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Open
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Day's range
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ConfluenceShorts decreasing heavily, would need to close with a small wick for one confluence to log btc. Has until jan to make a decision.
Bitcoin Shorts Increase Per Cradle Reversal Pattern
On March 27 I went on a kindred spirit's idea titled:
12 Things That Suggest BTC is a Speculative Bubble
I posted this comment:
"I don't want to impose. Therefore I'll ask the author for a posted chart since the the March 14 high on BTCUSD Shorts. Thanks
On the current hourly chart it looks like a
BTC Shorts and PA - Rinse and RepeatIllustrated on the chart are the short spikes coinciding with market dips. Each recovery was tied into the closing of the vector shorts. Shorts are currently closing again.
The trend is your friend, based on this i expect the same.
If it was all a short squeeze, it was very efficient. What a long way we've come from the panic over the SBF thing.
When I posted the points warning of a short squeeze coming the short interest in BTC was over 9,000.
Today, the short interest in BTC is at an all time low.
We now into the area where there'd classically be most risk of a rug pull
Shorts underwater again.Just a quick one.
Textbook example of a dump to grab liquidity and trap late short sellers.
Bulls grabbing fuel to help drive the next leg up and wash out over leveraged long positions.
You can see pretty clearly using the bixmex short positions vs btc price.
BTC SHORTS BTC is short at the support line
March 2022
March 2023
It can break down our bounce, which makes sense when looking at the historical 12M chart and 46K candle resistance.
We are at a time when we should expect a big break out of 60K resistance or break down with 35K and 30K support.
The 17K g
SHORTS AT SUPPORT Expecting pullback
Support
38K
35K
30K
Just in time when everyone's neighbor's cat is bullish.
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BTCUSDSHORTS HITTING HIGHTERM LEVELBTCUSDSHORTS has reached our monthly level of 818.2817.
This may signal an overall increase number of short positions openings for the crypto space, which may signal a bearish sign.
I will keep monitoring this chart very closely in the next coming days/weeks to see if it will reverse to the upside
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
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Neutral
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Neutral
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Neutral
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Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.