BTCUSDSHORTS trade ideas
BTC Short squeeze possible? Btc looks enormously bearish, as this could be another leg down it could also be a giant bear trap liquidation hunt to the upside. Alerts set, stay chill today folks :)
Any time the RSI has been @ this level on the BTCUSDSHORTS chart we have had a large move to the upside. Will the trend break? The trend is your friend until the end.
Back test it yourself.
Huge spike in BTCUSD SHORTS!There's a huge spike in BTC/USD Shorts exceeding 200% on the daily and can be seen clearly on the 4H chart. This is a very strong indication of a coming dump in BTC/USD chart that could be triggered in a better of few hours or a matter of three days max.
What one could do in such scenario is:
1) Place tight SL for Alts
2) Place bids for BTC
Crypto - BTCUSD Short CapitulationIdea for Bitcoin:
- I am shorting Bitcoin shorts.
- BTC shorts have clearly made 5 impulse waves and momentum has faded.
- BTC longs are rising after major stopping volume on BTCUSD at 43k.
- Bottom shorters are trapped and their liquidations begin at 52k.
- Bitcoin will continue the down trend as fast as the short squeezing will allow!
BTC longs:
GLHF
- DPT
You guys trust this declining short interest in BTC? .....I don’t. Btc needs short sellers for liquidity at higher prices. Without that prices will stabilize. This may trigger a sell-off from those holding based on risk/reward fundamentals. Although we could make it to 100k before this happens, I’m leaning more towards this occurring around 50k.
What does the Long/Short interest imply?It is interesting to look at the BITFINEX:BTCUSDLONGS and BITFINEX:BTCUSDSHORTS on this down move. The significant drop in leveraged long positions suggests that this is a profit taking move. Those that were in leveraged long positions are losing faith in a new ATH any time soon. They are getting bored. The corollary to this is that a further move down is not as likely to trigger a massive forced liquidation event since there are fewer leveraged positions.
My gut tells me no crash is imminent; but no big moves either. It could remain quite boring.
Finex Shorts Update (Jan 16th through June 2021)Bitcoin/USD Bitfinex Shorts (January 16th 2021 through June 2021)
Low: $438?
High: $2,282 - $4,386 - $6,818
After seeing the last 2 weeks play out, my original lower target for bitfinex BTC shorts has been achieved but now I'm seeing a potential for it to go even lower. I have adjusted my original fibonacci retracement and fixed the fib proportions error I made with it last time. I believe I originally had my fibonacci retrace targets upside down and an incorrect floor level so I'm looking to attempt to make sense out of that.
Too bad I can't go short on the shorts :)
I do think there is still potential for a shorts rebound, bitcoin could end up going beyond $42k and it could drive the shorts even lower, but we may see some clues in the shorts trends before coming to fully convicted bitcoin conclusions. I am not convinced that a bottom has been put in to the current time frame on this chart, but I do think price action could get stuck around my red fibonacci level at 100% before fluctuating while the rest of the market deliberates the possibility of a pump or dump.
If bitcoin looks like it will crash, shorts will definitely go up, but it could be a temporary bear trap. Everything is still very uncertain for some, including me.
Related idea attached, original version of this updated chart here:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Short Rebound Comes Around (Dec 30th 2020)After a week of deliberating the shorts falloff since bitcoin kept reaching new all time highs almost every couple days, I think we still have to find a bottom for the shorts crowd and then the market will really be in a golden euphoria. But does the smart money love my incorrect charts? I'm trying to learn, I swear!
I think bitcoin COULD go down in a few days and then shorts will go up inversely, and shortly afterward the trend will reverse on both sides? I need some popcorn for this one.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
What can Bitcoiners & Gold Bugs learn from a Doji in BTC ShortsIt looks like a Doji in Bitcoin Shorts favours the bears either from the start or with a trap. Bulls need to work out if worth learning to trade this info. Gold bugs also need to take note. Also worth noting last example was in a bitcoin uptrend therefore bears may be out of luck this time. A Bitcoin Longs study will follow this one. CAVEAT - small sample size. NOT ADVICE. DYOR.
Some interesting images 😉Good day !
Some interesting images:
On the RSI indicator with the period of 28 , in classical position the 14th period is situated approximately there, on the long chart, on the daily time frame RSI has drawn ABCDE , but on the short chart a divergence is formed. It surely doesn’t principally mean anything 😀 and it shows only that we are waiting for the volume increasing in longs and in shorts, and plus there is a channel bottom in both cases. Principally the signal is unambiguous 😉 and even if it doesn’t break on days))/ Don’t forget that everything can happen. At the present moment it is a tight side. Better a small fish than an empty dish))
May be it will be useful for someone 😉. It is a simple observation, an idea if somebody has missed it, a possible extra confirmation!
Let’s observe!
Be attentive! Peace and profits to all.
Important!
Once again for understanding, the wave structure, patterns, and graphic models tend to change or change the structure, therefore confirmation is important.
The author does not sell anything! He does not give signals to enter or exit a deal!
Does not take funds into management!
Does not educate others on a paid or free basis! Well and so on 😉
Remember!
Forecasts of financial markets are the private opinion of the author.
The current analysis is not a trading guide.
The author is not responsible for the results of work that may arise when using trading recommendations from the submitted reviews.
BTCUSDSHORTS H4: Are we ready for 300% build up in SHORTS???(NEWWhy get subbed to to me on Tradingview?
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BTCUSDSHORTS H4: Are we ready for 300% build up in SHORTS???(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BTCUSD bitfinex shorts H4 chart overview
::: It's possible that we are setting up for
::: a major build up of SHORT positions
::: if we experience a 300% build up in SHORTS
::: BTCUSD Might be settings up for correction
::: just something to keep in mind
::: this review is not a call to action
::: and it's not a trade setup
::: FYI only, so do your own DUE DILL
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment outlook short-term: BULLS