BTCUSDSHORTS trade ideas
Bitcoin just got GameStop-edHello Traders
At the time of my previous publication it was clear that we were moving lower based on Technical Indicators and some chart patterns.
We, have since been GME-d.
See my related video update below on how to spot a short squeeze (and what is a short squeeze, why it happens, if you're not familiar).
Welcome to crypto, sigh.
In order for us to consider a reversal to sustained upward pressure, we would need to capture and CLOSE above 40k.
We have steep resistance at 40, but after that the path is clear to 50 and above.
Trade Safe,
BlockTechEv
Bitcoin; A Major Attack ImminentDisclaimer
Not financial advice. This is a commentary on publicly available data through TradingView, and a basic understanding of the financial systems of this world.
This author asks one question of the reader:
If you had all the power over money, would you give that away?
BTCUSDSHORTS Incline 07/08/21On July 8th, 00:00:00 (UTC) we saw a surge in Short Interest just above $34K level, following a dip towards low $32K level. While making higher pivot lows, price is hovering in a consolidation zone with little to no retreat from Short Interest. This could in turn provide bulls with the necessary liquidity to produce a market shift or, "Short Squeeze" and propel price upward. Mind you we are nearly 50% off the ATH of BTC. Long-Term Trend Reversal seems to be smiling in bull's favor. Good luck to all.
BITFINEX SHORTS HAVEN'T BEEN THIS HIGH SINCE 2019 (bearish) BTCGood morning traders,
The last time bitfinex shorts we're this high was late June 2019.
We're currently sitting just above support $30,000 and have seen a shooting start on the BTCUSD SHORTS chart which may indicate a messy weekend and support lost.
Support levels below:
1) $28,888
2) $23,888
3) $19,999
4) $14,000
5) $12,500
6) $10,500
7) $9650
Not saying we hit all support levels but you should keep them in the back of your mind in case we see an extended bear market and head down to the $20,000's and $10,000's.
update to radar from prior postWatching the bitcoin shorts unload, a few things are on my mind.
first some preliminary recent events that are significant to what i am trading / accumulating.
1. Rallying DXY, crude above $70
2. sell off of hedge assets and commodities (gold, silver, crypto, lumber soy corn etc.)
3. the china fud to rule all fud: 90% mining gone leaves 10%. ok well if only 10%, you need now 5.1% to make a 51% attack realized. i'm still uncertain about the ins and outs of this, but perfect timing during seller capitulation for the macro.
4. bear narrative is running flat with tether minting. LOL.
5. Jay clayton is now gathering alot of chinese collusion to his term narrative (already being controversial) at the SEC. there are many pointing the finger at fauci, and pelosi, now this guy, as easy optics for all of your problems.
6. LINK is now onboard to facilitate SWIFT financial system. this could lead me to believe that LINK is now iso20022 compliant and is helping to facilitate the switch over from traditional financial systems.
7. they haven't stopped printing.
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Bears taking profitAs can be seen on the BITFINEX:BTCUSDSHORTS chart, bears are closing there (Underwater) Short positions in profit.
Some of them have been holding the positions underwater for over 5 days before being able to push out some profit.
The aggressive closing of shorts while we are aproaching the local higher low we formed 2 weeks ago gives us some bullish hopium.
The chance of getting a bounce around here increases while we are reaching the 89 EMA on the 5D at the same time!
Feel free to share your thoughts in the comments
Trade wisely and remember to make use of a stop loss at all times .
Somebody Knows Something!The Death Cross is happening very soon
Tactical capital is piling into the short side, expecting another huge level down from Bitcoin
Michael Saylor has his life on the line, and wants to capitalize up to another billion dollars on the buy side, Question? At Market, or is he waiting to buy Bitcoin Sub $30,000 again?
Bears are Winning this MatchNobody with capital wants bitcoin anymore.
retail jumping in front of a high speed train, thinking theyre grabbing dips.
looks like the sub $20,000 calls you saw a few weeks ago had it correct.
Risk Tolerance is off the table, now that inflation and tapering are part of the MSM narrative