BTC shorts: a useful tool to anticipate potential tops & bottomsI just recently found this tool useful in timing the approximate time to be ready to sell or to buy BTC. If you backtest, it predicted correctly the 64k & 69k tops. However, during the 29k bottoming process, there was so much pessimism that the shorts continue for a while even after bottoming. But then there was already volume of buyers so BTC went up & the shorts again fell after confirming the reversal.
The whole month of April 2022 saw BTC falling consistently from key resistances. We may see the same thing happen again in May according to this chart. We have not yet seen the elevated levels of shorts yet inside the box.
A good time to start accumulating may come in end of May or early June when it reach the top of the consolidation box (0.618 Fibo) awaiting reversal or even to BO for even more shorts. (Remember “Sell in May & Go Away”?)
In case of BO & holding above box, we may see parabolic selling of BTC going into early June but the BTC bottom-reversal will be fast once sentiment changes from bearish to bullish anytime within June to July.
Approximately August may be a potential time to sell when the bottom of box is reached once again where everybody seems bullish & shorts are again at its lowest. (Be a contrarian)
Not trading advice
BTCUSDSHORTS trade ideas
Everyone Just Wants to Short to BeLongPlease provide a meaningful and detailed description of your analysis and prediction.
I closed my eyes and focused on the heart of the coins. They whispered to me a secret I haven't heard since. The wind whistles by the trees. My portfolio speaks to me in ways I cannot describe. A tear in my eye not from a grain of sand but a grain of eye opening truth. The place is here. The time is now.
It's time for all of us to belong.
Huge market volatility could be loomingHuge market volatility could be looming...
COINBASE:BTCUSD
COINBASE:ETHUSD
BITFINEX:BTCUSDSHORTS
BITFINEX:BTCUSDLONGS
Top 69 BTC whales only bought about 7000 BTC despite over 30,745 BTC leaving exchanges on 3/11.
I also notice this big order (30745 BTC) splits into multiple smaller orders (98 BTC) subsequently, and "BTCUSDSHORTS" in Bitfinex exchange rising fast (The vertical black line represents that more than 10,000 BTC flowed out of the exchanges).
There are 3 possibilities:
1. OTC or it could be an internal transfer of exchanges (Neutral)
2. Actual market demand (Bull market: Supply squeeze)
3. Whale's trick that will cause wild swings in the market (Wash the market: Short-squeeze and Long-squeeze)
Please be aware of possible events: Short-squeeze and Long-squeeze, that is huge market volatility could be looming.
Addition, keep the eye on "Exchange Netflow" to monitor whether these small orders (98 BTC) returned to the exchanges quickly.
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Analyst of cryptocurrency Yu-Shiuan Chen (CQ & Tradingview Taiwan)
SHORT Bitcoin Shorts!!! = Head and Shoulder Bitcoin Shorts!King Bitcoin has bottomed at $56K it seems! Head and Shoulders on Bitcoin Bears! Ready for the Internet Currency Short Squeeze? This is the Wall Street Corruption Killer! Merry Christmas Bitcoin and Ethereum Holders! Make sure you move these two TOP digital assets off the compromised/leveraged/scamcoins polluted Exchanges! Bring your crypto "home" to safety! Move to cold storage wallets off-net in safety deposit boxes. Banks will survive. Especially those that embrace real Bitcoin and Ethereum.
The fraudulent banks that issue fake Bitcoin and fake Ethereum should be decommissioned! Fines do NOT works! For them it's the cost of doing "business". They print fake bitcoin and ethereum "paper", short the asset and cover shorts with SPOT! As they do with precious metals! Fortunately with Bitcoin we have 1. Fixed verifiable 21M cap on Bitcoin 2. Blockchain explorers 3. Cryptoquant.
World vs WallStreet 2001? Wall Street Won
World vs WallSteet 2008? Wall Street Won
World vs WallStreet 2022? GOOD has to Win!!!! Buy and hold Bitcoin and Ethereum off exchange to SHORT SQUEEZE Wall Street peacefully out of existence! The Internet made Telephone Companies obsolete 20 years ago. The Internet Digital Currency has become THE New World Currency. The banks just need to fall in line like the telcos did with the Internet.
FIAT, which is effectively simply backed by "debt" need to become required "national coins aka CBDC". That's the only rational simple solution to this 50 year old problem of crooked government book-cooking.
Check Mate Banksters and Crookstreet. The World can SHORT Crooked WallStreet, Banksters and their puppet politicians!
King Bitcoin and Queen Ethereum head the New Financial Centre of the World. Guided by honesty, an open, accountable world distributed ledger. Bitcoin is good. Attackers of Bitcoin, including the US with its' fake Bitcoin (aka "derivatives") are Evil.
Pick your master and contact your member of Senator, Congressman. We need a World Coordinate Transition to this 50 year old problem. Everyone, research this. Do not retire poor. Help friends and family get on Bitcoin and Ethereum so they don't retire poor.
BTCUSDSHORTS telling us the whole storyBTCUSDSHORTS has been forming this nice curves. When it taps upper curve it's time to buy and when it taps the lower curve is time to sell. So, we can see green and red vertical lines where BTCUSDSHORTS has been in contact with the curves. We can also see some BULLISH and BEARISH zones grouping this points of contact. Just keep buying BOYZ and NGU.
BTCSHORTS trendline?I'm not too faithful when it comes to BTCSHORTS ratio trendlines but as you can see on the chart the last time that trendline broke down we went from 29k to 69k
Looks like we are building something similar even if it's not as extreme as summer lows but worth keeping an eye on.
I would expect a massive multimonth uptrend once that trendline breaks
#Bitcoin Technical Analysis 3/3 #BTCUSDSHORTS
are pushing up been at 37.38% from previous Resistance
Conclusion: What Bitcoiners want is to see DXY Drop below actual support level at 94.70 to become resistance in the near future
Remember if DXY goes up BTC is going down and vice versa
My personal opinion is that we're going further down to the mids 30K or even further to find support at green box #3 at 30K
(CHECK CHART #1/3)
I Believe that at the end of Q1 price will initiate a recovery in price reaching previous ATH in Q3
NFA
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Please Re-Examine Before Make Your Last Decisions
Short TheKing ?
- ADX was always a strong indicator about Trends movements and strength, so read carefully the graph, this is a 2 Week view, in comments i will post 1 Month view.
- Just Check ADX Overbought Zone and you will understand, for now, i can tell you that 82% of retailers are shorting TheKing and believe it will crash.
- That said i can tell you that 86% of institutional investors and assets managers are Long on BTC.
- So what i want to explain clearly is :
- Whales are just waiting for a big dip to buy your Bitcoins, they always cumulate BTC, they move them out from exchanges and keep in their wallets. no matter if BTC falls to 1000$, they will buy more.
- TheKing is still Alive because Whales never dropped their BTC, they dropped a bit for living, but this new nerd generation understood about the meaning of freedom in the "Satoshi Whitepaper".
- Most of the Whales are not driving a Lambo but drive a small car, they fly coach, they visit the planet, and they go supermarket like you and me.
- Retailers try to win money in the Both Ways because they are just greedy, Long and Short BTC, the problem is when you Short BTC you don't have your coins... you have your "Short Contract" (x2 at least).
- When you are shorting a disinflation technology, it means you are fighting with something made for a best future, less poverty, more equitability, better world for your family.
- When you are shorting BTC you are taking the risk that the exchange you are using close or get a hack, you cannot move a contract in an hardcore Wallet, but if you buy BTC, you can move coins in your Ledger.
- When you are shorting BTC, you own nothing. Not your coins. Not your Key. just the wind.
- i hope this makes some people's open eyes about a greedy financial system.
- Believe in TheKing!
Happy Tr4ding !
Leverage Manipulation on BitcoinCool story bro's about "whale manipulation" are common. Here is some evidence.
The "Liquidation Spike" of December 3rd started with the 8:30am US Jobs Report. The move triggered a cascade of stops and liquidations across the cryptocurrency market. In the days prior there was a dramatic increase in leveraged short positions being opened. On Bitfinex the leveraged shorts increase by 275% over 7 days. When the move down happened these short positions closed into profit from where they were taken.
Gravity seemed to pull price down the retest the low. Now on this move to breach the Liquidation Low there is another noted increase in short positions likely trying to force out stops and leverage longs. The battle ensues! My thesis remains that cryptocurrency has entered the bear phase of its cycle.
BTC short squeeze?Here is a simple chart.
These are the leverage and non-leverage short positions on Bitfinex.
On-chain analysis suggest that the leverage position is at an ATH, however, there is no way to know whether are long positions or short position.
considering
- fear and greed index extreme fear (21-30) in the market
- whales accumulated 2.36 billion in the last 2 weeks
- MicroStrategy bought an additional 400 mil BTC
- BTC exchange reserve all-time LOW
WHAT HAPPENS NEXT?
- SHORT SQUEEZE
- LONG SQUEEZE
COMMENT BELOW WITH YOUR ANSWER (explain if you like)
Reversal weekend incoming!Good news for all of you crypto heads! The reversal is coming sooner than later. Why? Because we see a massive spike in shorts which means a massive spike in market maker longs (opposite side of the contract), coming from an ALL TIME LOW and hitting the breakout target from the falling channel / wedge. Furthermore, we have US10Y dropping massively along with the DXY, gold isn't doing well either. So there's nowhere to hide for hedge funds / stock traders than staying in their inflation hedge position; which is the S&P500 or the Nasdaq. If that wasn't good news already, the BTC / ETH options have expired resulting in billions of profit for the market maker; for your reminder; my max pain price was 54K and guess where we ended up?
Of course we could have one last wick to the downside with 52,5K and 50K acting as good support. This could be favorable for the very short term to push the bears for more shorts and thus the market maker for more longs. However, I do think the end of the dump is in sight, market is massively oversold and I expect mr. weekend market maker to have some bullish fun this weekend. The weekend market maker is usually cowboy style with big pump and dump behavior, lets go for a pump! I am DCA'ing buys on bullish alts at the moment. Deploying 50-70% of my cahs and leaving some on the side for an extra dump. The market will come back in balance, liken it always does.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
BITCOIN SHORTS are Trapped! From Maximum Bull to Maxi Bear PainAccording to this chart and information from datamish, it appears that the tide has formally turned in the favour of Bitcoin Bulls taking the reigns from overextended robobear BTC Shorts operating in the darker regions of cryptosphere. Shorting the Bitcoin Short/Bear so it's ultralong Bitcoin as World Reserve from $55K or so... Anything under $100K for real Bitcoin is a steal. Don't buy the unbacked fake and fraudulent US "regulated" Bitcoin fake ETFs ad Funds. A total US clown show the World has had enough of! Let's get to real fair trading, Bitcoin with it's math, truth and verifiability, is the King.
Extremely Low Shorts To Longs RatioThis is insane, 3.26% of Open interest in Bitfinex exchange are shorting bitcoin right now. This is extremely low as you know it is a ratio. It can not go below zero it can just be near zero. This is -in my opinion; an indication of extreme optimisim and will probably result in a powerful long squeez. To get this chart use this formula:
BITFINEX:BTCUSDSHORTS/(BITFINEX:BTCUSDSHORTS+BITFINEX:BTCUSDLONGS)*100
Use every data point you have at your disposalPeople were wondering how I knew to open short at $52,900.
Some of my previous charts highlighted that as the top profit-taking target during the last leg upward, for instance it was confluent with the .618 extension zone from the Sep 3rd swing low to high.
I also look at things like bearish volume divergence, which was prominent even on the high time frames.
One sort of unorthodox signal I use as well is BTCUSDSHORTS. This goes off of the theory that the market must have participants in both directions, and if it gets too short-heavy or long-heavy then a strong deleveraging sequence is usually right around the corner.
As you can see, on Sep 7th we bottomed out below monthly support at 850. I had already closed my long and had my limit short order ready by that point, but once I saw us falling underneath the purple line to almost the record low on shorts, that was yet another signal to me that this market was overbought and about to create the next swing high on the macro level.