BTCUSD SHORTS: 300% upside from here(NEW)Why get subbed to to me on Tradingview?
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BTCUSD SHORTS: 300% upside from here(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BTCUSD shorts 3weeks/candle chart
::: bottomed out / range lows now
::: expecting BIG PUMP from here
::: 300% upside incoming
::: MAY cause 40% correction in BTC
::: don't become a BAGHOLDER
::: crypto space looks maxed out
::: and ripe for CORRECTION
::: 30%-40% losses across major coins
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook short-term: BULLISH
::: BTCUSD failed at 10 000 USD, so bears
::: will take over soon, 4-8 days MAX
BTCUSDSHORTS trade ideas
BTC Murphy Law 'SHORTS Analyse'Everything that goes up must come down - Murphy Law
Like you can see in the graph SHORTS on Bitfinex are very low, and from the past you can check that most of the time when SHORTS hit this area...they are going up and BTC is going Down...
i would be happy for BTC if the story not repeats again but i care more wisely invests than be sinked in a BearTrap.
Most of the time in past years i always detected Pumps if you check my others analyses, but today i predict more a dump. if you are a scalper you can still scalp market and use your stop loss,
no matter for you if BTC up or down, but if you are a long wave investor and want cumulate more BTC, i suggest you to wait and be very cautious.
Like i said before sometimes the best way to win money is to not trade at all and wait.
So if this story happens we have 2 crucial points where we can buy BTC.
8000-7500 BTC is supported by Weekly Pivot and EMA50-EMA100 Days.
6000 would be a safety buy zone for me as BTC is supported by EMA200 Days.
BTC can also go dipper but i don't see it going under 5000$ (Trend Triangle Support).
i will add a picture with the normal chart to make everyone understand about Supports Zones.
Happy Tr4Ding!
The silence of the shorts BTCUSDOne can visualize the pain and carnage of the traders that were short Bitcoin going into this move. While neither the amount of short interest nor the percentages long/short were at record levels they were definitely high and had been increasing steadily since the dump in March. If anything it was a great reason to be contrarian as the shorts steadily increased over the last month.
Even though I would normally like to take a short off a 50% price retracement my rules and conditions were not met for a trade. Nor were they met for a margin long. I must be content with the 1x move.
I also took the time this morning to check the arbitrage between the spot BTCUSD and futures markets. The highest futures premium for the September 2020 futures was only 0.4%. That tells me that there is not a tremendous amount of bullish optimism within this move. When we were at this same price level in mid January the upside premium was over 4%.
The futures premium being low and the apparent liquidation of short interest tells me that this move was more of a 'short squeeze' of traders trying to play that 50% retracement as a resistance closing or being force closed (most likely) their positions.
CRYPTO SHORT SQUEEZELooking for a short squeeze over the weekend to kick start XBT uptrend and wave 4 on alts. Lots of fear in the market, shorts piling in after a huge plunge. I closed my shorts on BTC at $4700.
When Shorts/Longs are overbought on the RSI at the top of that channel we typically have a rally to the upside in price.
SHORT BITCOIN NOW 15x LEVERAGE#bitcoin No body is shorting #BTC Left pointing backhand index
Theoretically it is the best time for the Market Maker to dump it down to 6k.
Then create FUD and bearish scenarios.
Make people short again.
Even though it already fell down from 10k
Destroy the noob traders.
What BTCUSDSHORTS and BTCUSDLONGS mean? FAKE DATA ???Is there any sense behind these numbers? Bitfinex BTCUSDSHORTS and BTCUSDLONGS, what are they and what they indicate?? could someone clarify?
OR is those only fake data which purpose is to mislead stupid people? I do not understand, please someone tell what those are?
This is exactly how parabolic uptrends happen... 70% increase in shorts over the last 24 hours. People thinking the top is in and shorting when then trend is clearly to the upside. The shorters provide liquidity for major players and market movers, essentially fueling the big buys and big price surges. The same thing happens on parabolic downtrends. People try to catch the bottom long before the bottom is in and just provide selling liquidity for the big players.
Bitcoin shorts at all time lows!Bitcoin longs on Bitfinex are at an all time low, but we can clearly see that Bitfinex longs and shorts and heavily manipulated, so I would not bet too much on this. On Bitmex and Binance the longs and shorts are pretty evev. Volatility is low in the market, so bigger move is expected!
Bitfinex Shorts At ALL TIME LOWBefore this analysis, i want to share my analysis the before. I called this local bottom around $6600 levels and bought BTC at this level.
BTC is now $7600. It's clear long trade for me.
Reasons that i took trade are;
-Bullish divergence on RSI and price action,
-Horizontal Supports,
-Hashrate and difficulty levels (I always check them)
-Finally Elliot Count
You can see my call here;
Now as you see at main analysis bitfinex shorts are at all time low.
How we approach this data?
-First, it is obvious that less people want to sell their BTC because they think that price will go up.
-It is a good bottom signal + count support it + divergence on 12 HR. And here is my second bottom call 1 MONTH ago ;
And finally hash ribbons are about to crossing back up. It is really bullish signal i will do another analysis about when it crossing up. But now i can show you here ;
Overall,
We likely had bottom. BUT there is one more count that we could see $5800 and it is probablity.
I am hedging my risk incase we could see $5800.
Also i will share my $5800 count later. Thanks for reading. Nothing financial advice.
Like, share and follow.
BTC SHORTS DAILYI am expecting increase in the price of COINBASE:BTCUSD ,
We are seeing an inverse head & shoulders on the 1H & 4H.
Might see a retrace to the 80** levels, then drop down again,
and BITFINEX:BTCUSDSHORTS go back up again.
Hope that my idea is wrong, and price keeps increasing & shorts go even lower ! !
This is not a financial advice, please invest carefully.
Bears Are ExhaustedBitcoin has been trying to break 9500$ resistance for 11 days. Bulls fighting against bears. At last, one of bulls or bears will show us the next move. if bears conquer bulls, the path will be a downtrend and vice versa. so the question is how to predict the winner of this fight? bulls or bears? I have some evidence that shows bears are exhausted. Take a look at the "BTCUSDShorts" chart, the number of short positions is trading inside a rising wedge channel so a breakdown is expected.
But you may ask "What does this breakdown mean?". Actually it means that most of the bears are hopeless and exhausted and as a result, they would close their short positions and bulls will control the whole market.
Consider that the "BTCUSDLongs" chart is in an uptrend as I wrote about it.
BTC (Y19.Nov.Shorts) At previous lowsBTC shorts on Bitfinex are near the bottom just like after the parabolic selloff and hence can be indicating that many are going long with BTC.
This might explain why the price doesn't go down, not enough sellers.
It also sort of fits into the overall perception I have with BTC and that is the institutions are coming in at this price, 9K is to be bought up.
The Adam formation is complete and probably a long drawn out EVE pattern to follow.
Either way, the market seems to be bullish, even after a 40% spike and 13.5% selloff, the price refuses to drop further.
Just my thoughts.
Cheers,
S.Sari