XBT trade ideas
2h btc analysisIt is moving in two channels at the same time. Shorter channel failure can have a price fluctuation and longer channel failure can determine the general trend of bitcoin movement.
A bull Flag turned into a symmetrical triangle formation?Bitcoin saw a sweet bull flag breakout get rejected on the daily horizon. The Bullish target would have pumped Bitcoin all the way to 58k-62k with a 56% increase (560% profit at 10x Leverage).
However, a rejection confirmation here can send us back down to hell (not as bad as it sounds though "local hell") but this isn't a bad thing!
For traders out there looking for profitable trades, this can give you a nice 20% profit from a short (even higher with a decent leveraged position) and a massive 81% pump to the upside right after that.
Be careful with your trade and have a nice week!
BTC SHORT IDEABTC SHORT IDEA. WE SHOULD ALL BE IN OUR BTC SHORT BY NOW. THESE ARE THE 3 MAIN LEVELS I EXPECT BTC TO TOUCH BEFORE CONTINUATION UP. I WILL BE HEDGING ON EACH PT AREA AS I STILL EXPECT SOME SORT OF BOUNCE FROM WHERE PROFIT ON SHORTS IS TAKEN. I WILL BE CLOSING ALL MY SHORTS AROUND THE 3RD PT AREA AND HEAVILY ENTERING LONG POSITIONS. STICK TO WEEKLY AND MONTHLY TIME FRAME AND YOU CAN NEVER GO WRONG. ENJOY!
Fake Outs Explained - AdCrypto TheoryHi there,
Basically you need to stop looking at horizontal lines only otherwise you will just be looking at order blocks, you need to expand and start looking diagonally..
In diagonal lines where it closes is more important than the wicks, as wicks generally represent peaks whilst where a market closes/enters is specific to the overall trading range (not always obviously you can get spikes within the last 10 minutes but overall it is true)... Either way, it's more accurate for determining trends when they are moving diagonally as opposed to just break outs from orders..
Buying above a break out is safe or at the bottom range next to support is safe, however buying in the middle opens you up to mistakes as fake outs happen that mislead people into thinking a new trend has formed..
Swing trade in bitcoinEntry:36450
Stop loss: 33899
Reward/Risk:2
Target range: 41500
Time Frame: 1-2 wks
Possible gain:14%
Possible loss: 6.87%
BTC Shorts tanking...BTC Shorts are tanking nose down while this time BTC is at a resistance, not a support.
Could this be that the market sentiment is positive for a breakout for BTC from this descending channel? I sure hope so.
Bitfinex Margin Long ChangesBrainstorming
This is a back-of-the-envelop analysis of the correlation between Bitfinex margin long positions and BTC price. My intuition is that a more disciplined analysis of Bitfinex margin positions, crypto exchange flows, margin funding rates, and changes in something like the SPY ETF could yield a predictive model.
There appears to be some relationship between these two data series, but only when there is a large change in the Bitfinex margin positions. In 2021, generally, margin longs correlate with BTC price.
If margin longs were to decrease, BTC price would likely fall due to selling pressure.
Again, this is a back-of-the-envelop analysis. Broad market sentiment likely influences the Bitfinex long and short margin positions. So, the correlation will not be stable. Watching changes in the Bitfinex margin longs may help forecast BTC price... but this has not been proven in this analysis.
I do have a bearish bias at this time.
More to come as I continue to think about this. Thoughts? Comments?
Short Squeeze incoming? Which Bitcoin GAP will be filled?BTCUSDSHORT on Bitfinex incredible High! Is a Short Squeeze coming headed to 36K bitcoin on 61,8 Fibo or big downside move
Operation Short Squeeze Engaged!This is going to be a historic short squeeze.
Despite many attacks shorts not able to break 30K Psychological Level
I know it's a flat statement. But you will see!
BTC shorts just shot up againWatch out for another down-turn as BTCUSDSHORTS just reached another peak yesterday, even higher than the previous peak reached that preceded BTC price drop from 40K to 32K.
Will history repeat itself again?
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.
BTC short at parabolic high again. What is the news Might be that we could go to 28k regions shortly. Either the longs get rekt of the shorts get liquidated. Who is fomoing in this now? Buy the dip. Hard times don't last
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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What Is a Blow-Off Top?looking at the monthly chart will show you what you may not see easily in the daily charts!
What Is a Blow-Off Top?
A blow-off top is a chart pattern that shows a steep and rapid increase in a security’s price and trading volume, followed by a steep and rapid drop in price—usually on significant or high volume as well. The rapid changes indicated by a blow-off top also called a blow-off move or exhaustion move can be the result of actual news or pure speculation.
Blow-off top patterns are common in securities where there is a lot of speculative interest.
A blow-off top is a chart pattern showing a sudden rise in price and volume, followed by a sharp decline in price also with high volume.
The rally into the blow-off could be based on news, or speculation of good news, growth, or higher prices in the future.
Blow-off tops can occur in all markets, are volatile, and can be very hard to trade as an ill-timed trade in either direction can mean huge losses.
To all those who think I do not know about blockchain technology:
This article tries to explain the price pattern of bitcoin..!
Educational Reference:
www.investopedia.com
