BVOL24H trade ideas
Lots of new shortsI would not call this recent move up a "short squeeze" despite the sudden inflow of margin shorts. There are still roughly 3 times the number of leveraged longs and steadily increasing. Traders still see this dip off the ATH as a "buying opportunity" and have not been liquidated en masse yet.
BTCUSD: And even more bad news for bears!Hello my friends!
It was the largest percentage increase of shorts ever. Btw I would never short BTC after a 50/60% move down. The risk reward is way too high.
You all know for example from gamestop what a short squeese can do and how the price bounces. In the last two weeks, the shorts have risen by about 2300%. For comparison, at the last strong drop in march 2020, the increase was only 300%. So for me, this means that a large number of shorts will be closed. When the price was at 60k, the shorts were down. Now at 35k, a lot of people are getting in. Not understandable for me. I estimate for most shorts the stop areas will be at around 40/42k. Therefore I expect a pump to liquidating the shorts. And the smart money might get some $ soon. Lets see.
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Let's see what happens.
Happy trading. :-)
BTCINVESTING
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My 2. Post "Another bad news for bears!" Jun 7, 2021
My 1. Post "Bad news for bears!" May 31, 2021
My Post Apr 18, 2021
My Post Nov 19, 2020
My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-)
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BTC Wave CountIt looks like we are in/ending a wave 4 correction. If the fib levels are to be taken as any serious indication - it has held incredibly well which we can assume is a bullish sign.
Below I will zoom in to show the importance of this Fibonacci support.
BTCUSD LONGS at record ATHWhile BTCUSD Shorts continue to rise, it is interesting to notice that BTCUSD Longs are at record ATH matching Dec 2019 and Feb 2020.
BTCUSD continues to remain undecided. It has been a month where trades are becoming unworthy if not too risky. Alts have lost more than 75% of this years ATHs, yet Alts don't seem to nudge on positive announcements either as traders are all waiting for a confirmation from BTC.
So what does this mean? Up or down?
1) Eventually one side of the margin traders gonna get burned; it is a clear battle between the bears and the bulls.
2) Any trade has got to be a hit and run, if at all to be entered. Anytime one sees a red candle, panic takes over. There's no maintained uptrend whatsoever.
Personally, I'd bit the farm on BTC going north from here. And therefore exchanged my USDT to BTC. If BTC goes down, I won't mind as I am still holding BTC. If BTC goes north, I am happy. And would consider swinging it if an opportunity proves worth taking the risk.
Feel free to express your thoughts, but make sure you DYOR first and foremost.
BITCOIN- START OF A NEW RALLYI think we are at the start of a new rally...
The #bitcoin bull market started in 2020 after we broke out on the Daily RSI and a bounce off from BO retest.
Today, we find price retesting these levels after another Major BO 3-D ago, I believe we'll see a bounce off.
Expect Crossed fingers
BTC short positionsLooks like the overwhelming majority are expecting more downside price action.
Being against the herd always serves us well.
Crypto - BVOL Suggests An Explosive Move ImminentIdea for BVOL24H:
- BVOL is like the VIX for Bitcoin.
- BVOL Wave 5 target 30+.
- Likely move is Down: Complacency Phase -> Anxiety Phase.
- Short Bitcoin
GLHF
- DPT
Shorts stacking while btc trades in limbo of next moveI am very hesitant to short anymore what with the skyrocketing short positions. The long positions remain higher - BUT - since the 7th they've gone up a mere 3k from 43 to 46k whereas shorts have skyrocketed from 1,500 to 19,000 in the same time frame and remain very high. Some may be using this as an indicator to give further credence to taking their own short position, however I am worried about a potential short squeeze the higher up they go. If its liquidity that moves markets and massive sell-side liquidity is building, could that not alter the very course of bitcoin at least to an extent?
I don't know what is going on rn and therefore am limiting my trading to essentially scalps. I am wondering if this is a case of, everyone caught on that price was going to dump tremendously and thus the market is reversing course to take out as many shorts as possible. Perhaps even getting ready to form an uptrend now where there was supposed to be downtrend continuation.
I don't like it one bit, having had a bearish outlook until we get to the lower 20s with what I have estimated to be perfect very low buy targets set on alt coins. It is possible that push to $38,500 marked the last local high before btc cascades downwards like a waterfall. But as price action unfolds and we continue to look at all the little clues along the way, we have to be willing to continuously re-evaluate and readjust our expectations.
Right now mine are in limbo, much like the price of bitcoin.
25 MA crossed 200 MA in daily (Bearish)25 MA crossed 200 daily MA (below)and 50 MA can cross 200 MA in next week
BTCUSD SHORTS record high!!! Again we continue to observe BTCUSD SHORTS mounting and reaching record high. What does this translate to?
1) The market sentiment is bearish
2) Market volatility is expected to be high
3) Place your bids low to catch BTC... if it falls. Mine are set at 27.5k and 25.5k
4) Expect BTC to pump liquidating the shorts, then it may or may not fall. This remains pure speculation.
5) Have tight SL for your Alts, and exit those in the green to USDT.
Of course nothing here is a financial advice... I am sharing my analysis for you to play it safe, but still DYOR.
BTC What are you up toI am posting this chart too, since there definitely is 2 scenarios that can play out here. After studying some other data and seeing how short positions have spiked very high this could also mean that there is absolutely no reason to visit 25k before continuing this rally up. The longer the price holds in this 30-40k range the more people are going to jump in to all kinds of positions with leverage and whatnot. Bitcoin is building up liquidity on both sides by doing this, below 30k and above 40k.
All eyes on btc for the next 72hrswhat happens with regards to these short position spikes in terms last spike performances relayed to a price action chart on those exact dates?
BTC what are you up toKeep an eye out for that green box which has a strong gan fan support. I personally feel like 25k is coming before the final leg up for Bitcoin after the summer-season.
Bitcoin Trade Setup - Swing Trading Shorting OpportunityBitcoin Trade Setup - Swing Trading Shorting Opportunity
Bitcoin looks weak but that doesn't mean you short it right now. It is forming a triangle pattern and so let it breaks the downside.
You can short Bitcoin once it breaks the red supporting zone.
If you're a conservative trader, then wait for a break from the red zone and retest the red zone again.
If you get any rejection at this key area of value, then you're good to go for short.
Follow me, to get the future prediction.
Difference Between Views..! Acceptance matters..!Beginners look at a single big green candle and hope for reversal..!
Pros look at the trend and trade the most probable scenario..!
compare these two scenarios:
if you did short bitcoin with a 10% stop loss every single day in the past 56 days what would be the outcome?
if you bought bitcoin dips in the past 56 days what would be the color of your portfolio now???
look at your portfolio, it represents your trend recognition ability..!
Do not Forget I have 35 Long analyses on bitcoin between September 2020 and April 2021.
I published more than 25 Short analyses on Bitcoin between April 2021 and today.
September: My first buy analysis
April: My first short analysis:
Being a Professional analyst means :
Updating your views constantly based on the new data market provides to you..!
Big Finex Short Whale SellerIn a few Days from 1000BTC Short to 18000BTC Short... means 17000 new Shorts... last Time this happend ca -61% correction happend so this chart shows similar target, High from Jun 2019.
+SHS Pattern with Target 20.000$-23.000$
Strong and Short.
Inflation data tomorrow: Cup and handle BTCCup and handle formed and completed handle breakout. According to this cup around 40-41k completion.
Never marry an idea, always be willing to change. Things change in an INSTANT.
US Inflation data tomorrow @ 6:30 ET!
