A short squeeze ongoing? Actually it would be meaningless to make prediction. But atm it is crucial to look at this chart, which is the only one that can make BTC fly even more. As a matter of fact, it has already played a pivotal role, otherwise it would not have broken 6600 and 7000 walls so easily.
So I just wanted to warn those who were eager to take profit: there's still room for further growth. But don't forget to look at the RSI: before or after, a retracement will come.
BTCUSDSHORTS trade ideas
BTCUSD Shorts are about to get poundedI myself get somewhat uneasied by using oscillators on the shorts chart but they can show a change in momentum and that is what I am checking to not be on the wrong side of a squeeze. The fundamentals of the oscillators are the same if you use them on price action or the shorts charts, especially if you are looking at longer time frames, a move that is about to end will start to exhibit bearish divergences.
The MACD is possible process of setting a technical double top
The MACD-AS (the histogram is the same but the signal line has been adjusted to give clearer signals by moving around zero) shows possible incoming signal-zero cross
Hidden bearish divergence on the RSI
If we hit the downtrend like I expect then I hope to see shorts back into the boxed area on the main chart. If that happens the buying pressure from the shorts being closed should become positive price action for BTCUSD. The chart below shows the shorts have been climbing and the longs have been falling but the price action is still climbing. Eventually the bulls are either going to notice and just start market buying or all of their buy stops are going to get triggered and we get a squirt up.
There remains the possibility that the shorts are merely at resistance right now and they could break through that resistance and climb to higher levels. This area has seen some decent activity in the past, but nothing as clean and cut as say the support of BTCUSD at the 6k level. If the short action was correlated with price right now I would be worried (I am long BTCUSD right now) but I would be quite happy if the inverse relationship between BTCUSD and BTCUSDshorts continues if the shorts continue to climb. I am pretty confident that once we drop out of the bottom of the box in the chart below it will be deep.
Bitcoin Shorts approaching all time highs againAs the price of Bitcoin continues to grind higher the Bitcoin Shorts are also climbing higher and may soon reach into the all time highs again. Somebody is seriously wrong, who is it? Me? You? Us? Them? Stay tuned...….
Below is a look at the current short positions.
BTC Shorts and BTC moving up hand in handIn the weirdest price action ever, BTC price in USD and Shorts for BTC are structurally moving up together.
Is this fuel for the biggest BTC rally ever?
Does this mean we are in for the biggest dump of all time?
Whatever is going one, this exciting and interesting stuff.
If anyone knows what to make of this, please post in the comments.
Confusing Market Situation, Any Idea??looking at the chart of BTCUSDSHORTS ratio Against BTCUSDLONGS we are seeing that it is pretty much where we should long! because 60 percent of people are in short (on bitfinex).
also longs it self are very low compared to 2018 market(i will add that to this idea later).
so looking at this data and using them as indicator was really helpful to me but in this situation in which bitcoin is just going up and ignoring a lot of things like tether news and overbought conditions on weekly time frame, it is more confusing to me!
it is logical to see a big drop here but there is no sign of such a thing! i think we should wait and see what it is going to happen.
the most likely scenario is that we are going to see upward momentum continue until we see longs rising and falling of shorts then in the middle way of longs and shorts ratio (i mean 50 % of shown chart) market will drop. i dont think market can drop in the favor of majority, it will drop i the favor of minority.
** to bring this chart type this on pair section of tradingview:
BTCUSDSHORTS/(BTCUSDSHORTS+BTCUSDLONGS)
Tether FUD, Retail traders selling, but smart money accumulate?So Bitcoin has fallen a couple hundred dollars. Was it inevatable? In my opinion, yes it was, we had to go south, we had to retrace a bit, before further upwards movement. BUT we see alot is going on recently. We see A bearflag printed, Most TV analist are Bearish AF, and guess what i can;t blame them, the teether fud, the bearflag, the hidden bearish divergence, it all makes sence. But think big, think like a Market maker or Big whale, where is money to be made? Shorts pilling up, we are heading to yearly high from januari. If I was MM i would go long while the majority is going short. This is contrary thinking. Bearflag being printed. All of TV analist hyping the herd to go short and to sell your bitcoin. And that is exactly what whales want you to do. We have been seeing large amount of buying activities on Binance for BTC (157 BTC buy orders) we have seen Big buy orders by whales the past days, and price remains stable. Is there something going on? CME Features opening 1 May. That will most likely give an indactor where this market is going. Let it sink in for now, and watch the market closely.
BTC shorts vs longsSimple analysis... BTC shorts dominates.. Bitfinex printing USDT... Margin positions on longterm...
Huge accumulation on Bitcoin does not affect high volatility and high level speculation to dominate over available supply and trading latency...
The same hands that made profit off the hyper hype bull trend of Bitcoin are the same profiting from his downfalll....
A falling wedge on Bitcoin shortsI prefer to short bitcoin when btcusdshorts trends upward and also when we are touching strong resistence. the market is really quite we are up to see huge volatility and it more likely be bearish rather than bullish because we are going up for 6 weeks with declining volume. remember that markets tend to show strength to camouflage weakness. this upward trend is that strength.
We are not far away from getting a new swing high for btc!!as u can this there is a clear relation between bitcoin and bitcoin shorts chart as we can see in the chart we r going to have a new low for the number of btc shorts trades in 2019.....so by every dicending trend for btc shorts a new ascending for btc / usd is probably will start to happen..
any way this is my first article here ..so please share ur thoughts with me ^^
thanks
SHORTS CROSSThe SHORTS MACD on the weekly is about to cross bullishly. Expect shorts to sky rocket over the next week, as short levels break back into the long term channel thats been forming.
I expect consolidation of BTC price for the next week as it tests the 50WMA. Shorts will grow rapidly as the 50WMA rejects BTC price.
As shorts peak, we may see a fake out break out (either down then up..or just up) short squeeze, that pushes price up to about 6600, with a big wicking candle back down.
See 14th/15th August 2018 as the only example of this behaviour (and MACD cross)
Bitcoin - Nasty Bearish Pinbar - Recognizing Red FlagsAs short interest continues to rise, the price of Bitcoin has not moved much and remains in a tight range at a major resistance level. Often traders "blame the whales" for taking them out of trades, but here we have a distinct sign that there may be some Whale activity.
We actually have written many articles on how larger operators look to manipulate markets. The old market raid, and if you have enough experienced in markets you can see the signs of manipulation, prior to a raid happening. You should at least see the red flag! Often stop searching with feeler bets, is a pre-lude to a raid. This is where market operators look for where stops, either with longs or shorts, are located. Like a poker player they put out a "feeler bet". So is there any evidence that market may be ripe for a short raid?
1) We have been lingering around the resistance level. Weak markets reject these levels quickly and pullback. We are not seeing that here.
2) Short interest continues to increase, and these orders are being absorbed by the market.
3) We saw a spike in price action, forming a bearish pinbar. This is often a feeler bet, for those searching for stops.
4) 6 million Tether was transferred from the treasury to the exchange, using ETH as collateral. (This would be like borrowing against the equity in your home to pay your monthly
payment) I want to thank the anonymous person for giving me this insight.
5) The market is overall pessimistic and bull markets do not end in pessimism, rallies start with pessimism.
6) That quick spike to 5400 might have been a feeler bet, that or someone with some size just bought a ton.
Now this does not mean a raid is impending, but it does raise the risk level of one happening. Anyone that has traded markets for a while would recognize this type of activity. I see it daily in the stock market. Setup looks sooo good, you enter and minutes later it turns in your face. I have learned over time to stay away and often take the opposite side, especially if the broader chart is supportive of a counter signal trade.
The weekly paints a different picture. This is actually a consolidation for a move higher. There is nothing bearish about the weekly and the weekly carries more weight than the daily. If you are looking at a 4 hour and trying to determine 500-1500 point moves, well your looking at a lot of noise. This is why we see often TA's flip flop from day to day. One day its a bullish pennant, the next it's a bearish triangle. Its simply a bunch of noise.
Also take into account many sold in the 4900 to 5100 area. Yes they were bragging how they nailed it all over social media, and how they were preparing to buy the dip under 4500 ohhh they are stacked to buy the double bottom. Well it is looking less likely that 4500 will be a buying opportunity let alone 3200, at least in the next week or so. Sure it can push to those levels, I am not discounting it, but the longer it stays above 5100 the more anxious and impulsive those that sold under 5100 are having seller's remorse. They will be looking to buy back what they sold, and the reason is simple. People do not have patience.
In addition, as Marc wrote, the longer an instrument lingers at a support or resistance area, the more likely it is to take it out.
In my opinion anything around 5k is a buying opportunity for the longer term. I really don't give a crap what the trolls say, the chart is clear. This has become a major support area, and if it does pullback, I am fine buying here. The broader structure is bullish, so go bear yourself! Many that sold on "That Guy's signal" are now thinking ohhhh maybe "That Guy" was wrong and will be looking to buy back where they sold. This creates a more weighted support and resistance, not some magical fibb number.
Yet that Pinbar looks nasty. This could be simply to scare out new longs, and push exuberant shorts into it. I see this all the time while day-trading. You see a signal, think ohhhh perfect long, or beautiful short, enter, it goes a few ticks in your direction than reverses on you. When it is obvious to everyone, the larger operators will take advantage of this. I saw it this morning looking at my day-trading charts with the Q's. Nice short signal, shorts piled in, and boom, within a couple minutes it took them all out.
Yep there it was, the Q's appeared to be setting up for a short, right at a resistance level. As soon as it triggered, POP, stopped out quickly. Nice feeler bet right before as well. Shorting markets is risky, just look at what happen to Qualcomm shorts. OUCHHHHH!!!! Remember longs can hold through a selloff, shorts? Well they have this think called "Liquidation".
Again this move does not mean a market raid is in play, but it should raise a flag. Whether it happens here or not is insignificant, it is something to be aware of. Anything can happen, but when I see a move like that, I step away. It is reckless to short on margin, let alone into a potential trap, regardless if it works out or not. Do it time and time again you will eventually blow out your account.
In the end, no MACD, EW or Fibb is going to tell you of this. Price action and experience of what to look for is what will keep you out of these bad trades. Again it can trigger and go lower, but be observant of the red flags, and when you see them stay away! You might miss a trade, but better to miss a trade than take a bad one!